General; Warrant Price. The number of shares of Common Stock which the holder of this Warrant shall be entitled to receive upon each exercise hereof shall be determined by multiplying the number of shares of Common Stock which would otherwise (but for the provisions of this section 2) be issuable upon such exercise, as designated by the holder hereof pursuant to section 1.1, by the fraction of which (a) the numerator is $101.96 and (b) the denominator is the Warrant Price in effect on the date of such exercise. The "Warrant Price" shall initially be $101.96 per share, shall be adjusted and readjusted from time to time as provided in this section 2 and, as so adjusted or readjusted, shall remain in effect until a further adjustment or readjustment thereof is required by this section 2.
General; Warrant Price. The number of shares of Common Stock which the holder of this Warrant shall be entitled to receive upon each exercise hereof shall be determined by multiplying the number of shares of Common Stock which would otherwise (but for the provisions of this Article II) be issuable upon such exercise, as designated by the holder hereof pursuant to Section 1.1, by a fraction (a) the numerator of which is the Initial Price and (b) the denominator of which is the Warrant Price in effect at the effective time of such exercise (as provided in Section 1.2). The "Warrant Price" shall initially be the Initial Price, shall be adjusted and readjusted from time to time as provided in this Article II and, as so adjusted or readjusted, shall remain in effect until a further adjustment or readjustment thereof is required by this Article II.
General; Warrant Price. The number of shares of Common Stock which the holder of this Warrant shall be entitled to receive upon each exercise hereof shall be determined by multiplying the number of shares of Common Stock which would otherwise (but for the provisions of this section 2) be issuable upon such exercise, as designated by the holder hereof pursuant to section 1.1, by the fraction of which (a) the numerator is the price then applicable pursuant to section 1.1(b) of this Warrant and (b) the denominator is the Warrant Price in effect on the date of such exercise. The "Warrant Price" shall initially be $3.00 per share. The Warrant Price shall be adjusted and readjusted from time to time as further provided in this section 2 and, as so adjusted or readjusted, shall remain in effect until a further adjustment or readjustment thereof is required by this section 2.
General; Warrant Price. The number of Common Shares which the Holder of this Warrant Certificate shall be entitled to receive upon the exercise hereof shall be determined by multiplying the number of Common Shares which would otherwise (but for the provisions of this Section 2) be issuable upon such exercise, as designated by the Holder hereof pursuant to Section 1.1, by a fraction of which (a) the numerator is Cdn $1.75 and (b) the denominator is the Warrant Price (as defined below in this Section 2.1) in effect on the date of
General; Warrant Price. The number of Common Shares which the holder of this Warrant shall be entitled to receive upon each exercise hereof shall be determined by multiplying the number of Common Shares which would be issuable upon such exercise, as designated by the holder hereof pursuant to Section 1.1, by a fraction (a) the numerator of which is U.S. $0.20 and (b) the denominator of which is the Warrant Price in effect at the effective time of such exercise (as provided in Section 1.2). The "Warrant Price" shall initially be U.S. $0.20, shall be adjusted and readjusted from time to time as provided in this Article II and, as so adjusted or readjusted, shall remain in effect until a further adjustment or readjustment thereof is required by this Article II.
General; Warrant Price. The number of shares of Common Stock which the holder of this Warrant shall be entitled to receive upon each exercise hereof shall be determined by multiplying the number of shares of Common Stock which would otherwise (but for the provisions of this section 2) be issuable upon such exercise, as designated by the holder hereof pursuant to section 1.2, by the fraction of which (a) the numerator is the Purchase Price and (b) the denominator is the Warrant Price in
General; Warrant Price. The number of shares of Common Stock which the holder of this Warrant shall be entitled to receive upon the exercise hereof shall be determined by multiplying the number of shares of Common Stock which would otherwise (but for the provisions of this Section 2) be issuable upon such exercise, as designated by the holder hereof pursuant to ss. 1.1, by the fraction of which (a) the numerator is $16.75 and (b) the denominator is the Warrant Price (as defined below in this ss. 2.1) in effect on the date of such exercise. If a holder exercises a Cashless Exercise Right, the number of shares of Common Stock such holder shall be entitled to receive upon exercise of the warrant shall be reduced in accordance with Section 1.1(b). The "Warrant Price" per share of Common Stock shall initially be
General; Warrant Price. 3 Section 2.2
General; Warrant Price hereof shall be determined by multiplying the number of shares of Common Stock which would otherwise (but for the provisions of this Section 2) be issuable upon such exercise, as designated by the holder hereof pursuant to Section 1.1, by the fraction of which (a) the numerator is $16.75 and (b) the denominator is the Warrant Price (as defined below in this Section 2.1) in effect on the date of such exercise. If a holder exercises a Cashless Exercise Right, the number of shares of Common Stock such holder shall be entitled to receive upon exercise of the warrant shall be reduced in accordance with Section 1.1(b). The "Warrant Price" per share of Common Stock shall initially be $16.75, shall be adjusted and readjusted from time to time as provided in this Section 2 and, as so adjusted or readjusted, shall remain in effect until a further adjustment or readjustment thereof is required by this Section 2.
General; Warrant Price. The number of shares of Common Stock which the holder of this Warrant shall be entitled to receive upon each exercise hereof shall be determined by multiplying the number of shares of Common Stock which would otherwise (but for the provisions of this section 2) be issuable upon such exercise, as designated by the holder hereof pursuant to section 1.1, by the fraction of which (a) the numerator is the price then applicable pursuant to section 1.1(b) of this Warrant and (b) the denominator is the Warrant Price in effect on the date of such exercise. The "Warrant Price" shall initially be $1.25 per share, provided, however, if the Company has not on or before July 31, 1996 entered into a definitive agreement with a party with which it is currently negotiating, such agreement to contemplate an ongoing revenue stream to the Company, based on commercial exploitation of the Company's fraud detection technology or intelligent character recognition technology, and to require a non- refundable payment to the Company upon execution of at least $500,000 (if the transaction involves the Company's fraud detection technology) or $1.2 million (if the transaction involves the Company's intelligent character recognition technology), any such payment to be not primarily in consideration of any requirement that the Company render services, then the Warrant Price shall automatically be reduced to $.75. The Warrant Price shall be adjusted and readjusted from time to time as further provided in this section 2 and, as so adjusted or readjusted, shall remain in effect until a further adjustment or readjustment thereof is required by this section 2. For purposes of this paragraph 2.1, any prepaid royalty relating to the use of the Company's fraud-detection technology shall not be deemed to be a refundable payment.
