Common use of Issuance; Certain Definitions Clause in Contracts

Issuance; Certain Definitions. For good and valuable consideration, the receipt of which is hereby acknowledged by FOCUS ENHANCEMENTS, INC., a Delaware corporation (the “Company”), Wall Street Communications Group Inc., or registered assigns (the “Holder”) is hereby granted the right to purchase at any time until 5:00 P.M., New York City time, on June 1, 2006 (the “Expiration Date”), a total of 50,000 (fifty thousand) fully paid and non-assessable shares of the Company’s Common Stock, $0.01 par value per share (the “Common Stock”), in four equal tranches, at quantities and at an initial exercise price (the “Exercise Price”) per share as set forth in appendix A, subject to further adjustment as set forth herein. These shares are exercisable immediately.

Appears in 1 contract

Samples: Focus Enhancements Inc

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Issuance; Certain Definitions. For In consideration of good and valuable consideration, the receipt of which is hereby acknowledged by FOCUS ENHANCEMENTS, INC., a Delaware corporation (the “Company”)"Company"),VFINANCE INVESTMENTS, Wall Street Communications Group Inc., INC. or registered assigns (the "Holder") is hereby granted the right to purchase at any time until 5:00 P.M., New York City time, on June 1November 25, 2006 (the "Expiration Date"), a total of 50,000 Twenty-Two Thousand Four Hundred (fifty thousand22,400) fully paid and non-assessable nonassessable shares of the Company’s 's Common Stock, $0.01 par value per share (the "Common Stock"), in four equal tranches, at quantities and at an initial exercise price per share (the "Exercise Price") of $1.20 per share as set forth in appendix Ashare, subject to further adjustment as set forth herein. These shares are exercisable immediately.

Appears in 1 contract

Samples: Focus Enhancements Inc

Issuance; Certain Definitions. For good and valuable consideration, the receipt of which is hereby acknowledged by FOCUS ENHANCEMENTS, INC., a Delaware corporation (the “Company”), Wall Street Communications Group Inc.Xxxxxx X. Xxxxxxxx, or registered assigns (the “Holder”) is hereby granted the right to purchase at any time until 5:00 P.M., New York City time, on June 120, 2006 2013 (the “Expiration Date”), a total of 50,000 37,500 (fifty thousandthirty-seven thousand five hundred) fully paid and non-assessable shares of the Company’s Common Stock, $0.01 par value per share (the “Common Stock”), in four equal tranches, at quantities and at an initial exercise price (the “Exercise Price”) of $0.50 (fifty cents) per share as set forth in appendix Ashare, subject to further adjustment as set forth herein. These shares are exercisable immediately.

Appears in 1 contract

Samples: Focus Enhancements Inc

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Issuance; Certain Definitions. For good and valuable consideration, the receipt of which is hereby acknowledged by FOCUS ENHANCEMENTS, INC., a Delaware corporation (the “Company”), Wall Street Communications Group Inc.Xxxx X. Xxxxxxxxx, or registered assigns (the “Holder”) is hereby granted the right to purchase at any time until 5:00 P.M., New York City time, on June March 1, 2006 2011 (the “Expiration Date”), a total of 50,000 37,500 (fifty thousandthirty-seven thousand five hundred) fully paid and non-assessable shares of the Company’s Common Stock, $0.01 par value per share (the “Common Stock”), in four equal tranches, at quantities and at an initial exercise price (the “Exercise Price”) of $0.50 (fifty cents) per share as set forth in appendix Ashare, subject to further adjustment as set forth herein. These shares are exercisable immediately.Such Warrant shall vest in accordance with Appendix A.

Appears in 1 contract

Samples: Focus Enhancements Inc

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