New Warrant. This Warrant may be divided or combined with other Warrants upon presentation hereof at the aforesaid office of the Company, together with a written notice specifying the names and denominations in which new Warrants are to be issued, signed by the Holder or its agent or attorney. Subject to compliance with Section 4(a), as to any transfer which may be involved in such division or combination, the Company shall execute and deliver a new Warrant or Warrants in exchange for the Warrant or Warrants to be divided or combined in accordance with such notice. All Warrants issued on transfers or exchanges shall be dated the original issue date and shall be identical with this Warrant except as to the number of Warrant Shares issuable pursuant thereto.
New Warrant. Upon the surrender of any Warrant, properly endorsed, for registration of transfer or for exchange at the office of the Company maintained pursuant to subdivision (a) of this Section 6.2, the Company at its expense will (subject to compliance with Article V, if applicable) execute and deliver to or upon the order of the holder thereof a new Warrant or Warrants of like tenor, in the name of such holder or as such holder (upon payment by such holder of any applicable transfer taxes) may direct, calling in the aggregate on the face or faces thereof for the number of shares of Common Stock called for on the face or faces of the Warrant or Warrants so surrendered.
New Warrant. This Warrant may be divided or combined with other Warrants upon presentation hereof at the aforesaid office of the Company, together with a written notice specifying the names and denominations in which new Warrants are to be issued, signed by the Holder or its agent or attorney. Subject to compliance with Section 9(a), as to any transfer which may be involved in such division or combination, the Company shall execute and deliver a new Warrant or Warrants in exchange for the Warrant or Warrants to be divided or combined in accordance with such notice.
New Warrant. As soon as practicable after an Exercise Date (and in any event within five Business Days thereafter), if such exercise is in part only, the Company, at its expense, shall cause to be issued in the name of, and delivered to, the Holder, or otherwise as the Holder may direct (subject to Section 13), a new Warrant substantially identical in form hereto for the purchase of a number of Warrant Units equal to the difference of the number of Warrant Units subject to this Warrant minus the number of Warrant Units that are the subject of such partial exercise.
New Warrant. Notwithstanding the restrictions contained in Section 8.1, MCM (or one or more Mast Funds, as MCM’s designee) shall have the right to purchase up to 420,000 shares of Common Stock pursuant to the Warrant issued to MCM on the Effective Date (the “New Warrant”), the form of which is attached hereto as Annex 4. In no event shall the shares of Common Stock issued under the New Warrant be deemed beneficially owned by a Buyer/Investor for purposes of the Indaba Agreements, whether or not such shares have been issued or transferred to a Mast Fund.
New Warrant. The New Warrant shall be substantially in the form of this Warrant (other than the last sentence of Section 6(e) shall be omitted, and such additional changes as reasonably required to reflect the Replacement Issuer as the issuer shall be made), and shall provide for the acquisition of the stock of the Replacement Issuer which is subject to the IPO or Fundamental Transaction, and will be for a number of shares of the Replacement Issuer comprising the number of shares of the Replacement Issuer into which 2.7% of the shares of the Company as of the Issuance Date as set forth above were converted or exchanged in the Restructuring or the Fundamental Transaction, as applicable, less any proportion of this Warrant which has been exercised as of the time of the issuance of the New Warrant. By way of example and not limitation, in the event that this Warrant was initially exercisable for 1,000 shares of the Company and the Company had 100,000 shares outstanding, and assuming no portion of this Warrant had been exercised, if all 100,000 shares of the Company were converted or exchanged in an IPO Restructuring for 1,000,000 shares of Newco, the New Warrant would be exercisable for 10,000 shares of Newco. The New Warrant shall be governed by the laws of the jurisdiction of organization of the Replacement Issuer. Upon any issuance of the New Warrant, this Warrant shall thereafter be null and void.
New Warrant. 13 Section 6.3.
New Warrant. At Closing, Quest will issue to PTF a warrant to purchase up to 5,000,000 shares of Common Stock (the "Settlement Warrant"). Such warrant will have an initial exercise price of $0.10 per share and will expire on February 10, 2009. Quest has no obligation to register the shares of Common Stock underlying the Settlement Warrant (the "Settlement Shares") for resale pursuant to an effective registration statement; provided, however, in the event that such Settlement Shares are not registered for resale by February 14, 2007, the holder of the Settlement Warrant will (a) be allowed to exercise the Settlement Warrant on a "cashless" basis, and (b) be entitled to receive a minimum of one-half of one share of Common Stock for each warrant right exercised on a "cashless" basis.
New Warrant. Blue Sphere shall issue new warrants to purchase up to an aggregate of 224,550 shares of the Company’s common stock, at an exercise price equal to the December 21st Closing Price (the “New Warrants”). The New Warrants shall be issued on a pro rata basis to each of you, based on your investment relative to the other members of the Group, as more fully detailed on Schedule A attached hereto. In connection with consummating the foregoing, please find attached to this letter agreement the Second Amendment to Senior Debenture (except for Mx. Xxxxxxx who shall receive a First Amendment to the Senior Debenture), First Amendment to $0.05 Warrant, First Amendment to $0.075 Warrant and a New Warrant, attached hereto as Exhibit A, Exhibit B, Exhibit C, and Exhibit D, respectively. Each of these documents has been signed by the Company. Therefore, please countersign each where indicated and return a copy to us, along with your countersignature to this letter agreement. We shall provide to you a set of all closing documents, including original copies of the securities and payment of the interest in section (i) to you, as soon as possible, following receipt of countersigned documents from all members of the Group. Once again, thank you for your continued support of Blue Sphere. Very truly yours, Blue Sphere Corporation By: Name: Sxxxxx Xxxxx Title: Chief Executive officer Accepted and Agreed to as of the date first written above: HOLDER: (entity name, if applicable) By: Name: Title:
New Warrant. Blue Sphere shall issue new warrants to purchase up to an aggregate of 227,272 shares of the Company’s common stock, at an exercise price equal to the December 21st Closing Price (the “New Warrants”). The New Warrants shall be issued on a pro rata basis to each of you, based on your investment relative to the other members of the Group, as more fully detailed on Schedule A attached hereto.
