Common use of Issuance; Certain Definitions Clause in Contracts

Issuance; Certain Definitions. In consideration of good and valuable consideration, the receipt of which is hereby acknowledged by BRILLIANT TECHNOLOGIES CORPORATION, a Delaware corporation (the "Company"), Monarch Capital Fund Ltd. or registered assigns (the "Holder") is hereby granted the right to purchase at any time during the period (the "Exercise Period") from the date hereof until 5:00 P.M., New York City time, on the second anniversary of the Effective Date (the "Expiration Date"), 2,142,857 fully paid and nonassessable shares of the Company's Common Stock (the "Common Stock"), at an exercise price per share (the "Exercise Price") of $0.07 per share, as such price may be adjusted as provided herein. This Warrant is being issued pursuant to the terms of the Securities Purchase Agreement, dated of even date (the "Securities Purchase Agreement"), to which the Company and the Holder (or the Holder's predecessor in interest) are parties. Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Securities Purchase Agreement.

Appears in 1 contract

Samples: Brilliant Technologies, CORP

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Issuance; Certain Definitions. In consideration of good and valuable consideration, the receipt of which is hereby acknowledged by BRILLIANT TECHNOLOGIES CORPORATION, a Delaware corporation (the "Company"), Monarch Capital Harborview Master Fund Ltd. L.P. or registered assigns (the "Holder") is hereby granted the right to purchase at any time during the period (the "Exercise Period") from the date hereof until 5:00 P.M., New York City time, on the second anniversary of the Effective Date (the "Expiration Date"), 2,142,857 fully paid and nonassessable shares of the Company's Common Stock (the "Common Stock"), at an exercise price per share (the "Exercise Price") of $0.07 per share, as such price may be adjusted as provided herein. This Warrant is being issued pursuant to the terms of the Securities Purchase Agreement, dated of even date (the "Securities Purchase Agreement"), to which the Company and the Holder (or the Holder's predecessor in interest) are parties. Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Securities Purchase Agreement.

Appears in 1 contract

Samples: Brilliant Technologies, CORP

Issuance; Certain Definitions. In consideration of good and valuable consideration, the receipt of which is hereby acknowledged by BRILLIANT TECHNOLOGIES CORPORATION, a Delaware corporation (the "Company"), Monarch Capital Fund Ltd. [ ] or registered assigns (the "Holder") is hereby granted the right to purchase at any time during the period (the "Exercise Period") from the date hereof until 5:00 P.M., New York City time, on the second anniversary of the Effective Date (the "Expiration Date"), 2,142,857 [ ] fully paid and nonassessable shares of the Company's Common Stock (the "Common Stock"), at an exercise price per share (the "Exercise Price") of $0.07 per share, as such price may be adjusted as provided herein. This Warrant is being issued pursuant to the terms of the Securities Purchase Agreement, dated of even date (the "Securities Purchase Agreement"), to which the Company and the Holder (or the Holder's predecessor in interest) are parties. Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Securities Purchase Agreement.

Appears in 1 contract

Samples: Brilliant Technologies, CORP

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Issuance; Certain Definitions. In consideration of good and valuable consideration, the receipt of which is hereby acknowledged by BRILLIANT TECHNOLOGIES CORPORATION, a Delaware corporation (the "Company"), Monarch Capital Fund Ltd. Cobalt Blue LLC or registered assigns (the "Holder") is hereby granted the right to purchase at any time during the period (the "Exercise Period") from the date hereof until 5:00 P.M., New York City time, on the second anniversary of the Effective Date (the "Expiration Date"), 2,142,857 714,285 fully paid and nonassessable shares of the Company's Common Stock (the "Common Stock"), at an exercise price per share (the "Exercise Price") of $0.07 per share, as such price may be adjusted as provided herein. This Warrant is being issued pursuant to the terms of the Securities Purchase Agreement, dated of even date (the "Securities Purchase Agreement"), to which the Company and the Holder (or the Holder's predecessor in interest) are parties. Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Securities Purchase Agreement.

Appears in 1 contract

Samples: Brilliant Technologies, CORP

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