Common use of Issuance of Warrants Clause in Contracts

Issuance of Warrants. The Company hereby issues and grants to Warrantholder _____________ Class A Warrants ("Warrants") to purchase ____________ Common shares of the Company (the "Common Shares"). Commencing on June ___, 2007, the first anniversary of the date hereof, or such earlier date as determined by the Company in its sole and absolute discretion (the "Warrant Commencement Date"), and terminating four years thereafter (the "Warrant Expiration Date"), the holder shall have the right, subject to the satisfaction of the conditions to exercise set forth in Section 7 of this Agreement, to purchase __________ Common Shares (the Common Shares issuable upon exercise of the Warrants being collectively referred to herein as the "Warrant Shares") at an exercise price of USD$4.25 per Warrant Share (the "Exercise Price"). The number of Warrant Shares issuable on exercise of each Warrant and the Exercise Price are all subject to adjustment pursuant to Section 8 of this Agreement. Notwithstanding, the Company may, in its sole and absolute discretion, reduce the Exercise Price.

Appears in 2 contracts

Samples: Warrant Agreement (Strata Oil & Gas, Inc.), Warrant Agreement (Strata Oil & Gas, Inc.)

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Issuance of Warrants. The Company hereby issues and grants to Warrantholder _____________ Class A B Warrants ("Warrants") to purchase ____________ Common shares of the Company (the "Common Shares"). Commencing on June December ___, 2007, the first anniversary of one and one half years from the date hereof, or such earlier date as determined by the Company in its sole and absolute discretion (the "Warrant Commencement Date"), and terminating four three and one half years thereafter (the "Warrant Expiration Date"), the holder shall have the right, subject to the satisfaction of the conditions to exercise set forth in Section 7 of this Agreement, to purchase __________ Common Shares (the Common Shares issuable upon exercise of the Warrants being collectively referred to herein as the "Warrant Shares") at an exercise price of USD$4.25 USD$4.50 per Warrant Share (the "Exercise Price"). The number of Warrant Shares issuable on exercise of each Warrant and the Exercise Price are all subject to adjustment pursuant to Section 8 of this Agreement. Notwithstanding, the Company may, in its sole and absolute discretion, reduce the Exercise Price.

Appears in 2 contracts

Samples: Warrant Agreement (Strata Oil & Gas, Inc.), Warrant Agreement (Strata Oil & Gas, Inc.)

Issuance of Warrants. The Company hereby issues and grants to Warrantholder _____________ Class A B Warrants ("Warrants") to purchase ____________ Common shares of the Company (the "Common Shares"). Commencing on June ________________, 20072008, the first third anniversary of the date hereof, or such earlier date as determined by the Company in its sole and absolute discretion (the "Warrant Commencement Date"), and terminating four years thereafter (the "Warrant Expiration Date"), the holder shall have the right, subject to the satisfaction of the conditions to exercise set forth in Section 7 of this Agreement, to purchase __________ Common Shares (the Common Shares issuable upon exercise of the Warrants being collectively referred to herein as the "Warrant Shares") at an exercise price of USD$4.25 USD$0.80 per Warrant Share (the "Exercise Price"). The number of Warrant Shares issuable on exercise of each Warrant and the Exercise Price are all subject to adjustment pursuant to Section 8 of this Agreement. Notwithstanding, the Company may, in its sole and absolute discretion, reduce the Exercise Price.

Appears in 1 contract

Samples: Warrant Agreement (Strata Oil & Gas, Inc.)

Issuance of Warrants. The Company hereby issues and grants to Warrantholder _____________ Class A Warrants ("Warrants") to purchase ____________ Common shares of common stock of the Company (the "Common SharesStock"). Commencing on June ___, 2007, the first anniversary of the date hereof, or such earlier date as determined by the Company in its sole and absolute discretion (the "Warrant Commencement Date"), and terminating four five years thereafter (the "Warrant Expiration Date"), the holder shall have the right, subject to the satisfaction of the conditions to exercise set forth in Section 7 of this Agreement, to purchase __________ shares of Common Shares Stock (the shares of Common Shares Stock issuable upon exercise of the Warrants being collectively referred to herein as the "Warrant Shares") at an exercise price of USD$4.25 $1.50 per Warrant Share (the "Exercise Price"). The number of Warrant Shares issuable on exercise of each Warrant and the Exercise Price are all subject to adjustment pursuant to Section 8 of this Agreement. Notwithstanding, the Company may, in its sole and absolute discretion, reduce the Exercise Price.

Appears in 1 contract

Samples: Warrant Agreement (American Goldfields Inc)

Issuance of Warrants. The Company hereby issues and grants to Warrantholder _____________ Class A C Warrants ("Warrants") to purchase ____________ Common shares of the Company (the "Common Shares"). Commencing on June ___October 30, 20072006, the first third anniversary of the date hereof, or such earlier date as determined by the Company in its sole and absolute discretion (the "Warrant Commencement Date"), and terminating four years thereafter (the "Warrant Expiration Date"), the holder shall have the right, subject to the satisfaction of the conditions to exercise set forth in Section 7 of this Agreement, to purchase __________ Common Shares (the Common Shares issuable upon exercise of the Warrants being collectively referred to herein as the "Warrant Shares") at an exercise price of USD$4.25 CDN$1.52 per Warrant Share (the "Exercise Price"). The number of Warrant Shares issuable on exercise of each Warrant and the Exercise Price are all subject to adjustment pursuant to Section 8 of this Agreement. Notwithstanding, the Company may, in its sole and absolute discretion, reduce the Exercise Price.

Appears in 1 contract

Samples: Warrant Agreement (American Goldrush Corp)

Issuance of Warrants. The Company hereby issues and grants to Warrantholder _____________ Class A Warrants ("Warrants") to purchase ____________ Common shares of the Company (the "Common Shares"). Commencing on June _______________, 2007, the first second anniversary of the date hereof, or such earlier date as determined by the Company in its sole and absolute discretion (the "Warrant Commencement Date"), and terminating four five years thereafter (the "Warrant Expiration Date"), the holder shall have the right, subject to the satisfaction of the conditions to exercise set forth in Section 7 of this Agreement, to purchase __________ Common Shares (the Common Shares issuable upon exercise of the Warrants being collectively referred to herein as the "Warrant Shares") at an exercise price of USD$4.25 USD $0.50 per Warrant Share (the "Exercise Price"). The number of Warrant Shares issuable on exercise of each Warrant and the Exercise Price are all subject to adjustment pursuant to Section 8 of this Agreement. Notwithstanding, the Company may, in its sole and absolute discretion, reduce the Exercise Price.

Appears in 1 contract

Samples: Warrant Agreement (Strata Oil & Gas, Inc.)

Issuance of Warrants. The Company hereby issues and grants to Warrantholder _____________ Class A Warrants ("Warrants") to purchase ____________ Common shares of the Company (the "Common Shares"). Commencing on June ___May 26, 20072008, the first third anniversary of the date hereof, or such earlier date as determined by the Company in its sole and absolute discretion (the "Warrant Commencement Date"), and terminating four two years thereafter (the "Warrant Expiration Date"), the holder shall have the right, subject to the satisfaction of the conditions to exercise set forth in Section 7 of this Agreement, to purchase __________ Common Shares (the Common Shares issuable upon exercise of the Warrants being collectively referred to herein as the "Warrant Shares") at an exercise price of USD$4.25 CDN$0.25 per Warrant Share (the "Exercise Price"). The number of Warrant Shares issuable on exercise of each Warrant and the Exercise Price are all subject to adjustment pursuant to Section 8 of this Agreement. Notwithstanding, the Company may, in its sole and absolute discretion, reduce the Exercise Price.

Appears in 1 contract

Samples: Warrant Agreement (Liberty Petroleum Inc)

Issuance of Warrants. The Company hereby issues and grants to Warrantholder _____________ Class A C Warrants ("Warrants") to purchase ____________ Common shares of common stock of the Company (the "Common SharesStock"). Commencing on June ___, 2007, the first anniversary of date which is twenty-four months from the date hereof, or such earlier date as determined by the Company in its sole and absolute discretion (the "Warrant Commencement Date"), and terminating four five years thereafter (the "Warrant Expiration Date"), the holder shall have the right, subject to the satisfaction of the conditions to exercise set forth in Section 7 of this Agreement, to purchase __________ shares of Common Shares Stock (the shares of Common Shares Stock issuable upon exercise of the Warrants being collectively referred to herein as the "Warrant Shares") at an exercise price of USD$4.25 $2.50 per Warrant Share (the "Exercise Price"). The number of Warrant Shares issuable on exercise of each Warrant and the Exercise Price are all subject to adjustment pursuant to Section 8 of this Agreement. Notwithstanding, the Company may, in its sole and absolute discretion, reduce the Exercise Price.

Appears in 1 contract

Samples: Warrant Agreement (American Goldfields Inc)

Issuance of Warrants. The Company hereby issues and grants to Warrantholder _____________ Class A B Warrants ("Warrants") to purchase ____________ Common shares of the Company (the "Common Shares"). Commencing on June ___, 20072008, the first second anniversary of the date hereof, or such earlier date as determined by the Company in its sole and absolute discretion (the "Warrant Commencement Date"), and terminating four years thereafter (the "Warrant Expiration Date"), the holder shall have the right, subject to the satisfaction of the conditions to exercise set forth in Section 7 of this Agreement, to purchase __________ Common Shares (the Common Shares issuable upon exercise of the Warrants being collectively referred to herein as the "Warrant Shares") at an exercise price of USD$4.25 CDN$1.50 per Warrant Share (the "Exercise Price"). The number of Warrant Shares issuable on exercise of each Warrant and the Exercise Price are all subject to adjustment pursuant to Section 8 of this Agreement. Notwithstanding, the Company may, in its sole and absolute discretion, reduce the Exercise Price.

Appears in 1 contract

Samples: Warrant Agreement (American Goldrush Corp)

Issuance of Warrants. The Company hereby issues and grants to Warrantholder _____________ Uppal Class A Warrants Warrxxxx ("Warrants") to purchase ____________ Common shares of the Company (the "Common Shares"). Commencing on June ________, 200720__, the first anniversary of the date hereof, or such earlier date as determined by the Company in its sole and absolute discretion (the "Warrant Commencement Date"), and terminating four years thereafter (the "Warrant Expiration Date"), the holder shall have the right, subject to the satisfaction of the conditions to exercise set forth in Section 7 of this Agreement, to purchase __________ Common Shares (the Common Shares issuable upon exercise of the Warrants being collectively referred to herein as the "Warrant Shares") at an exercise price of USD$4.25 USD $1.75 per Warrant Share (the "Exercise Price"). The number of Warrant Shares issuable on exercise of each Warrant and the Exercise Price are all subject to adjustment pursuant to Section 8 of this Agreement. Notwithstanding, the Company may, in its sole and absolute discretion, reduce the Exercise Price.

Appears in 1 contract

Samples: Warrant Agreement (Strata Oil & Gas, Inc.)

Issuance of Warrants. The Company hereby issues and grants to Warrantholder _____________ Class A Warrants ("Warrants") to purchase ____________ Common shares of the Company (the "Common Shares"). Commencing on June ___October 30, 20072006, the first third anniversary of the date hereof, or such earlier date as determined by the Company in its sole and absolute discretion (the "Warrant Commencement Date"), and terminating four two years thereafter (the "Warrant Expiration Date"), the holder shall have the right, subject to the satisfaction of the conditions to exercise set forth in Section 7 of this Agreement, to purchase __________ Common Shares (the Common Shares issuable upon exercise of the Warrants being collectively referred to herein as the "Warrant Shares") at an exercise price of USD$4.25 CDN$0.10 per Warrant Share (the "Exercise Price"). The number of Warrant Shares issuable on exercise of each Warrant and the Exercise Price are all subject to adjustment pursuant to Section 8 of this Agreement. Notwithstanding, the Company may, in its sole and absolute discretion, reduce the Exercise Price.

Appears in 1 contract

Samples: Warrant Agreement (American Goldrush Corp)

Issuance of Warrants. The Company hereby issues and grants to Warrantholder _____________ Class A B Warrants ("Warrants") to purchase ____________ Common shares of common stock of the Company (the "Common SharesStock"). Commencing on June ___, 2007, the first anniversary of date which is three years from the date hereof, or such earlier date as determined by the Company in its sole and absolute discretion (the "Warrant Commencement Date"), and terminating four years thereafter (the "Warrant Expiration Date"), the holder shall have the right, subject to the satisfaction of the conditions to exercise set forth in Section 7 of this Agreement, to purchase __________ shares of Common Shares Stock (the shares of Common Shares Stock issuable upon exercise of the Warrants being collectively referred to herein as the "Warrant Shares") at an exercise price of USD$4.25 $0.75 per Warrant Share (the "Exercise Price"). The number of Warrant Shares issuable on exercise of each Warrant and the Exercise Price are all subject to adjustment pursuant to Section 8 of this Agreement. NotwithstandingNotwithstanding anything contained herein to the contrary, the Company may, in its sole and absolute discretion, accelerate the commencement date of this Warrant, reduce the Exercise PricePrice and/or extend the expiration date of this Warrant.

Appears in 1 contract

Samples: Warrant Agreement (Stratabase)

Issuance of Warrants. The Company hereby issues and grants to Warrantholder _____________ Class A B Warrants ("Warrants") to purchase ____________ Common shares of the Company (the "Common Shares"). Commencing on June ___May 26, 20072008, the first third anniversary of the date hereof, or such earlier date as determined by the Company in its sole and absolute discretion (the "Warrant Commencement Date"), and terminating four three years thereafter (the "Warrant Expiration Date"), the holder shall have the right, subject to the satisfaction of the conditions to exercise set forth in Section 7 of this Agreement, to purchase __________ Common Shares (the Common Shares issuable upon exercise of the Warrants being collectively referred to herein as the "Warrant Shares") at an exercise price of USD$4.25 CDN$0.50 per Warrant Share (the "Exercise Price"). The number of Warrant Shares issuable on exercise of each Warrant and the Exercise Price are all subject to adjustment pursuant to Section 8 of this Agreement. Notwithstanding, the Company may, in its sole and absolute discretion, reduce the Exercise Price.

Appears in 1 contract

Samples: Warrant Agreement (Liberty Petroleum Inc)

Issuance of Warrants. The Company hereby issues and grants to Warrantholder _____________ Class A B Warrants ("Warrants") to purchase ____________ Common shares of common stock of the Company (the "Common SharesStock"). Commencing on June ___, 2007, the first anniversary of date which is eighteen months from the date hereof, or such earlier date as determined by the Company in its sole and absolute discretion (the "Warrant Commencement Date"), and terminating four five years thereafter (the "Warrant Expiration Date"), the holder shall have the right, subject to the satisfaction of the conditions to exercise set forth in Section 7 of this Agreement, to purchase __________ shares of Common Shares Stock (the shares of Common Shares Stock issuable upon exercise of the Warrants being collectively referred to herein as the "Warrant Shares") at an exercise price of USD$4.25 $2.00 per Warrant Share (the "Exercise Price"). The number of Warrant Shares issuable on exercise of each Warrant and the Exercise Price are all subject to adjustment pursuant to Section 8 of this Agreement. Notwithstanding, the Company may, in its sole and absolute discretion, reduce the Exercise Price.

Appears in 1 contract

Samples: Warrant Agreement (American Goldfields Inc)

Issuance of Warrants. The Company hereby issues and grants to Warrantholder _____________ Class A C Warrants ("Warrants") to purchase ____________ Common shares of the Company (the "Common Shares"). Commencing on June ___May 26, 20072008, the first third anniversary of the date hereof, or such earlier date as determined by the Company in its sole and absolute discretion (the "Warrant Commencement Date"), and terminating four years thereafter (the "Warrant Expiration Date"), the holder shall have the right, subject to the satisfaction of the conditions to exercise set forth in Section 7 of this Agreement, to purchase __________ Common Shares (the Common Shares issuable upon exercise of the Warrants being collectively referred to herein as the "Warrant Shares") at an exercise price of USD$4.25 CDN$1.00 per Warrant Share (the "Exercise Price"). The number of Warrant Shares issuable on exercise of each Warrant and the Exercise Price are all subject to adjustment pursuant to Section 8 of this Agreement. Notwithstanding, the Company may, in its sole and absolute discretion, reduce the Exercise Price.

Appears in 1 contract

Samples: Warrant Agreement (Liberty Petroleum Inc)

Issuance of Warrants. The Company hereby issues and grants to Warrantholder _____________ Class A C Warrants ("Warrants") to purchase ____________ Common shares of the Company (the "Common Shares"). Commencing on June ______________________, 2007, the first third anniversary of the date hereof, or such earlier date as determined by the Company in its sole and absolute discretion (the "Warrant Commencement Date"), and terminating four years thereafter (the "Warrant Expiration Date"), the holder shall have the right, subject to the satisfaction of the conditions to exercise set forth in Section 7 of this Agreement, to purchase __________ Common Shares (the Common Shares issuable upon exercise of the Warrants being collectively referred to herein as the "Warrant Shares") at an exercise price of USD$4.25 CDN$1.10 per Warrant Share (the "Exercise Price"). The number of Warrant Shares issuable on exercise of each Warrant and the Exercise Price are all subject to adjustment pursuant to Section 8 of this Agreement. Notwithstanding, the Company may, in its sole and absolute discretion, reduce the Exercise Price.

Appears in 1 contract

Samples: Warrant Agreement (Giant Oil & Gas Inc.)

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Issuance of Warrants. The Company hereby issues and grants to Warrantholder _____________ Class A B Warrants ("Warrants") to purchase ____________ Common shares of the Company (the "Common Shares"). Commencing on June ________, 200720__, the first second anniversary of the date hereof, or such earlier date as determined by the Company in its sole and absolute discretion (the "Warrant Commencement Date"), and terminating four three years thereafter (the "Warrant Expiration Date"), the holder shall have the right, subject to the satisfaction of the conditions to exercise set forth in Section 7 of this Agreement, to purchase __________ Common Shares (the Common Shares issuable upon exercise of the Warrants being collectively referred to herein as the "Warrant Shares") at an exercise price of USD$4.25 USD$2.00 per Warrant Share (the "Exercise Price"). The number of Warrant Shares issuable on exercise of each Warrant and the Exercise Price are all subject to adjustment pursuant to Section 8 of this Agreement. Notwithstanding, the Company may, in its sole and absolute discretion, reduce the Exercise Price.

Appears in 1 contract

Samples: Warrant Agreement (Strata Oil & Gas, Inc.)

Issuance of Warrants. The Company hereby issues and grants to Warrantholder _____________ Class A B Warrants ("Warrants") to purchase ____________ Common shares of the Company (the "Common Shares"). Commencing on June ___January 27, 20072009, the first third anniversary of the date hereof, or such earlier date as determined by the Company in its sole and absolute discretion (the "Warrant Commencement Date"), and terminating four three years thereafter (the "Warrant Expiration Date"), the holder shall have the right, subject to the satisfaction of the conditions to exercise set forth in Section 7 of this Agreement, to purchase __________ Common Shares (the Common Shares issuable upon exercise of the Warrants being collectively referred to herein as the "Warrant Shares") at an exercise price of USD$4.25 CDN$0.50 per Warrant Share (the "Exercise Price"). The number of Warrant Shares issuable on exercise of each Warrant and the Exercise Price are all subject to adjustment pursuant to Section 8 of this Agreement. Notwithstanding, the Company may, in its sole and absolute discretion, reduce the Exercise Price.

Appears in 1 contract

Samples: Warrant Agreement (American Goldrush Corp)

Issuance of Warrants. The Company hereby issues and grants to Warrantholder _____________ Class A Warrants ("Warrants") to purchase ____________ Common shares of the Company (the "Common Shares"). Commencing on June ___, 20072008, the first second anniversary of the date hereof, or such earlier date as determined by the Company in its sole and absolute discretion (the "Warrant Commencement Date"), and terminating four three years thereafter (the "Warrant Expiration Date"), the holder shall have the right, subject to the satisfaction of the conditions to exercise set forth in Section 7 of this Agreement, to purchase __________ Common Shares (the Common Shares issuable upon exercise of the Warrants being collectively referred to herein as the "Warrant Shares") at an exercise price of USD$4.25 CDN$1.00 per Warrant Share (the "Exercise Price"). The number of Warrant Shares issuable on exercise of each Warrant and the Exercise Price are all subject to adjustment pursuant to Section 8 of this Agreement. Notwithstanding, the Company may, in its sole and absolute discretion, reduce the Exercise Price.

Appears in 1 contract

Samples: Warrant Agreement (American Goldrush Corp)

Issuance of Warrants. The Company hereby issues and grants to Warrantholder _____________ Class A Warrants ("Warrants") to purchase ____________ Common shares of common stock of the Company (the "Common SharesStock"). Commencing on June ___, 2007, the first anniversary of date which is two years from the date hereof, or such earlier date as determined by the Company in its sole and absolute discretion (the "Warrant Commencement Date"), and terminating four five years thereafter (the "Warrant Expiration Date"), the holder shall have the right, subject to the satisfaction of the conditions to exercise set forth in Section 7 of this Agreement, to purchase __________ shares of Common Shares Stock (the shares of Common Shares Stock issuable upon exercise of the Warrants being collectively referred to herein as the "Warrant Shares") at an exercise price of USD$4.25 $0.45 per Warrant Share (the "Exercise Price"). The number of Warrant Shares issuable on exercise of each Warrant and the Exercise Price are all subject to adjustment pursuant to Section 8 of this Agreement. NotwithstandingNotwithstanding anything contained herein to the contrary, the Company may, in its sole and absolute discretion, accelerate the commencement date of the Warrant, reduce the Exercise PricePrice and/or extend the expiration date of this Warrant.

Appears in 1 contract

Samples: Warrant Agreement (Stratabase)

Issuance of Warrants. The Company hereby issues and grants to Warrantholder _____________ Class A Warrants ("Warrants") to purchase ____________ Common shares of the Company (the "Common Shares"). Commencing on June ___January 27, 20072009, the first third anniversary of the date hereof, or such earlier date as determined by the Company in its sole and absolute discretion (the "Warrant Commencement Date"), and terminating four two years thereafter (the "Warrant Expiration Date"), the holder shall have the right, subject to the satisfaction of the conditions to exercise set forth in Section 7 of this Agreement, to purchase __________ Common Shares (the Common Shares issuable upon exercise of the Warrants being collectively referred to herein as the "Warrant Shares") at an exercise price of USD$4.25 CDN$0.25 per Warrant Share (the "Exercise Price"). The number of Warrant Shares issuable on exercise of each Warrant and the Exercise Price are all subject to adjustment pursuant to Section 8 of this Agreement. Notwithstanding, the Company may, in its sole and absolute discretion, reduce the Exercise Price.

Appears in 1 contract

Samples: Warrant Agreement (American Goldrush Corp)

Issuance of Warrants. The Company hereby issues and grants to Warrantholder _____________ Class A B Warrants ("Warrants") to purchase ____________ Common shares of the Company (the "Common Shares"). Commencing on June ________________, 2007, the first third anniversary of the date hereof, or such earlier date as determined by the Company in its sole and absolute discretion (the "Warrant Commencement Date"), and terminating four three years thereafter (the "Warrant Expiration Date"), the holder shall have the right, subject to the satisfaction of the conditions to exercise set forth in Section 7 of this Agreement, to purchase __________ Common Shares (the Common Shares issuable upon exercise of the Warrants being collectively referred to herein as the "Warrant Shares") at an exercise price of USD$4.25 CDN$0.50 per Warrant Share (the "Exercise Price"). The number of Warrant Shares issuable on exercise of each Warrant and the Exercise Price are all subject to adjustment pursuant to Section 8 of this Agreement. Notwithstanding, the Company may, in its sole and absolute discretion, reduce the Exercise Price.

Appears in 1 contract

Samples: Warrant Agreement (Giant Oil & Gas Inc.)

Issuance of Warrants. The Company hereby issues and grants to Warrantholder _____________ Class A B Warrants ("Warrants") to purchase ____________ Common shares of the Company (the "Common Shares"). Commencing on June ___October 30, 20072006, the first third anniversary of the date hereof, or such earlier date as determined by the Company in its sole and absolute discretion (the "Warrant Commencement Date"), and terminating four three years thereafter (the "Warrant Expiration Date"), the holder shall have the right, subject to the satisfaction of the conditions to exercise set forth in Section 7 of this Agreement, to purchase __________ Common Shares (the Common Shares issuable upon exercise of the Warrants being collectively referred to herein as the "Warrant Shares") at an exercise price of USD$4.25 CDN$1.46 per Warrant Share (the "Exercise Price"). The number of Warrant Shares issuable on exercise of each Warrant and the Exercise Price are all subject to adjustment pursuant to Section 8 of this Agreement. Notwithstanding, the Company may, in its sole and absolute discretion, reduce the Exercise Price.

Appears in 1 contract

Samples: Warrant Agreement (American Goldrush Corp)

Issuance of Warrants. The Company hereby issues and grants to Warrantholder _____________ Class A B Warrants ("Warrants") to purchase ____________ Common shares of common stock of the Company (the "Common Shares"Stock”). Commencing on June ___, 2007, the first anniversary of date which is two months from the date hereof, or such earlier date as determined by the Company in its sole and absolute discretion (the "Warrant Commencement Date"), and terminating four five years thereafter (the "Warrant Expiration Date"), the holder shall have the right, subject to the satisfaction of the conditions to exercise set forth in Section 7 of this Agreement, to purchase __________ shares of Common Shares Stock (the shares of Common Shares Stock issuable upon exercise of the Warrants being collectively referred to herein as the "Warrant Shares") at an exercise price of USD$4.25 $0.74 per Warrant Share (the "Exercise Price"). The number of Warrant Shares issuable on exercise of each Warrant and the Exercise Price are all subject to adjustment pursuant to Section 8 of this Agreement. Notwithstanding, the Company may, in its sole and absolute discretion, reduce the Exercise Price.

Appears in 1 contract

Samples: Warrant Agreement (American Goldfields Inc)

Issuance of Warrants. The Company hereby issues and grants to Warrantholder _____________ Class A Warrants ("Warrants") to purchase ____________ Common shares of the Company (the "Common Shares"). Commencing on June _______________, 2007, the first third anniversary of the date hereof, or such earlier date as determined by the Company in its sole and absolute discretion (the "Warrant Commencement Date"), and terminating four two years thereafter (the "Warrant Expiration Date"), the holder shall have the right, subject to the satisfaction of the conditions to exercise set forth in Section 7 of this Agreement, to purchase __________ Common Shares (the Common Shares issuable upon exercise of the Warrants being collectively referred to herein as the "Warrant Shares") at an exercise price of USD$4.25 CDN$0.10 per Warrant Share (the "Exercise Price"). The number of Warrant Shares issuable on exercise of each Warrant and the Exercise Price are all subject to adjustment pursuant to Section 8 of this Agreement. Notwithstanding, the Company may, in its sole and absolute discretion, reduce the Exercise Price.

Appears in 1 contract

Samples: Warrant Agreement (Giant Oil & Gas Inc.)

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