Common use of Insider Warrants Clause in Contracts

Insider Warrants. Xx. Xxxxxxx Xxxxxx, Xxxxxx X. Xxxxxxxxxxx, Xxxxxx X. Xxxxxx, Xxxxxxx X. Xxxxxx, Xxxx Xxxx, Xxx Xxxxxxxxxx XXX, Xxxxxxxxx Realty Group, Inc. Profit Sharing Plan (LCPSP), Xxxxxxx X. Xxxxxxx, Xxxxx Xxxxxxx and Xxxxxxxx Xxxxxxx (the “Insider Purchasers”), ten of the Company’s stockholders immediately prior to the Offering (all of which stockholders are referred to as the “Initial Stockholders”), have committed to purchase an aggregate of 1,820,000 Warrants (“Insider Warrants” and together with the shares of Common Stock underlying the Insider Warrants, collectively referred to as the “Insider Securities”) at $1.00 per Warrant (for an aggregate purchase price of $1,820,000.00) from the Company upon consummation of the Offering. The Insider Securities have been duly authorized and, when issued and paid for in accordance with the subscription agreements (“Subscription Agreements”) and the Insider Warrants, will be validly issued, fully paid and non-assessable; the holders thereof are not and will not be subject to personal liability by reason of being such holders; the Insider Securities are not and will not be subject to the preemptive rights of any holders of any security of the Company or similar contractual rights granted by the Company; and all corporate action required to be taken for the authorization, issuance and sale of the Insider Securities has been duly and validly taken.

Insider Warrants. Xx. Xxxxxxx Exxx X. Xxxxxxxxx, Dxxxx X. Xxxx, Axxxxx Xxxxxx, Xxxxxx X. Xxxxxxxxxxx, Xxxxxx X. Xxxxxx, Xxxxxxx X. Xxxxxx, Xxxx Xxxx, Xxx Xxxxxxxxxx XXX, Xxxxxxxxx Realty Group, Inc. Profit Sharing Plan (LCPSP), Xxxxxxx Gxxxxxx X. Xxxxxxx, Xxxxx Jxxx X. Xxxxxxxxxx, Dxxxx X. XxXxxxxxx, Lxxxx Xxxxxxx and Xxxxxxxx Xxxxxxx Wxxxxxx Xxxxxxxxxxx (hereinafter collectively referred to as the “Insider Purchasers”), ten of have committed, pursuant to written subscription agreements (“Subscription Agreements”) between the Insider Purchasers and the Company’s stockholders immediately prior to the Offering (all of which stockholders are referred to as the “Initial Stockholders”), have committed to purchase an aggregate of 1,820,000 1,500,000 Warrants (the “Insider Warrants” and together with the shares of Common Stock Shares underlying the Insider Warrants, collectively referred to as the “Insider Securities”) at $1.00 per Warrant (for an aggregate a purchase price of $1,820,000.000.70 per Insider Warrant (for a total purchase price of $1,050,000) from the Company upon consummation of the Offering. The Insider Securities have been duly authorized and, when issued and paid for in accordance with the subscription agreements (“Subscription Agreements”) Agreements and the Insider Warrants, will be validly issued, fully paid and non-assessable; the holders thereof are not and will not be subject to personal liability by reason of being such holders; the Insider Securities are not and will not be subject to the preemptive rights of any holders of any security of the Company or similar contractual rights granted by the Company; and all corporate action required to be taken for the authorization, issuance and sale of the Insider Securities has been duly and validly taken.

Insider Warrants. Xx. Xxxxxxx XxxxxxXxxx X. Xxxxxxxxx, Xxxxx X. Xxxx, Xxxxxx X. Xxxxxxxxxxx, Xxxxxx X. Xxxxxx, Xxxxxxx X. Xxxxxx, Xxxx Xxxx, Xxx Xxxxxxxxxx XXX, Xxxxxxxxx Realty Group, Inc. Profit Sharing Plan (LCPSP), Xxxxxxx X. Xxxxxxx, Xxxx X. Xxxxxxxxxx, Xxxx X. Xxxxxx, and Xxxxx Xxxxxxx and Xxxxxxxx Xxxxxxx Xxxxx (hereinafter collectively referred to as the “Insider Purchasers”), ten of have committed, pursuant to written subscription agreements (“Subscription Agreements”) between the Insider Purchasers and the Company’s stockholders immediately prior to the Offering (all of which stockholders are referred to as the “Initial Stockholders”), have committed to purchase an aggregate of 1,820,000 1,500,000 Warrants (the “Insider Warrants” and together with the shares of Common Stock Shares underlying the Insider Warrants, collectively referred to as the “Insider Securities”) at $1.00 per Warrant (for an aggregate a purchase price of $1,820,000.000.70 per Insider Warrant (for a total purchase price of $1,050,000) from the Company upon consummation of the Offering. The Insider Securities have been duly authorized and, when issued and paid for in accordance with the subscription agreements (“Subscription Agreements”) Agreements and the Insider Warrants, will be validly issued, fully paid and non-assessable; the holders thereof are not and will not be subject to personal liability by reason of being such holders; the Insider Securities are not and will not be subject to the preemptive rights of any holders of any security of the Company or similar contractual rights granted by the Company; and all corporate action required to be taken for the authorization, issuance and sale of the Insider Securities has been duly and validly taken.

Insider Warrants. Xx. Xxxxxxx Xxxxxx, Xxxxxx Xxxx X. Xxxxxxxxxxx, Xxxxxx X. Xxxxxx, Xxxxxxx X. Xxxxxx, Xxxx Xxxx, Xxx Xxxxxxxxxx XXX, Xxxxxxxxx Realty Group, Inc. Profit Sharing Plan (LCPSP)Xxxxxxxxx, Xxxxxxx X. Xxxxxxx, Xxx Xxxxx, Xxxxx Xxxxxxx X. Xxxxxx and Xxxxxxxx Xxxxxxx Gotham Capital V (the “Insider Purchasers”), ten four of the Company’s stockholders immediately prior to the Offering (all of which stockholders are referred to as the “Initial Stockholders”)) and an affiliate of one of the Initial Stockholders, have committed to purchase an aggregate of 1,820,000 1,136,364 Warrants (“Insider Warrants” and together with the shares of Common Stock underlying the Insider Warrants, collectively referred to as the “Insider Securities”) at $1.00 1.10 per Warrant (for an aggregate purchase price of $1,820,000.001,250,000.40) from the Company upon consummation of the Offering. The Insider Securities have been duly authorized and, when issued and paid for in accordance with the subscription agreements (“Subscription Agreements”) and the Insider Warrants, will be validly issued, fully paid and non-assessable; the holders thereof are not and will not be subject to personal liability by reason of being such holders; the Insider Securities are not and will not be subject to the preemptive rights of any holders of any security of the Company or similar contractual rights granted by the Company; and all corporate action required to be taken for the authorization, issuance and sale of the Insider Securities has been duly and validly taken.