Notes Warrants. The Seller shall have executed and delivered the Notes in the form of Exhibit A attached hereto, and certificates evidencing the Warrants in the form of Exhibit B attached hereto, to the Purchasers, in the amounts as provided in Section 2.3 with respect to the First and Second Tranche Closings.
Notes Warrants. The Company shall have delivered to the Purchaser (i) the First Tranche Note and (ii) the First Tranche Warrant.
Notes Warrants. The Company shall have delivered to the Purchaser (i) unless a Company Option Event shall have occurred, the Second Tranche Note, and (ii) the Second Tranche Warrant.
Notes Warrants. The Company’s obligation to pay the principal of, and interest on, each Advance shall be evidenced by a promissory note (each, a “Note”) duly executed and delivered by the Company and substantially in the form of EXHIBIT B with blanks appropriately completed in conformity herewith. Each Note shall (a) be payable to the applicable Lender and be dated as of the date of the Advance; (b) be in a stated principal amount equal to such Lender’s Advance; (c) be payable in accordance with Section 2.1; (d) bear interest as provided in Section 1.4; and (e) be entitled to the benefits of this Agreement. As consideration for its Commitment, simultaneously with the execution and delivery of this Agreement, each Lender will be issued a warrant in the form attached hereto as EXHIBIT C (each, a “Warrant”). Each Warrant will entitle the applicable Lender to purchase a number of shares of the Company’s Common Class A Stock equal to (i) such Lender’s Commitment, divided by (ii) $1.00.
Notes Warrants. In consideration for, and as an inducement to, each Notes Purchaser’s purchase of Notes, the Company will issue to each Notes Purchaser upon Closing, in connection with and in addition to the Notes, a Warrant (in the form attached hereto as Exhibit C, each a “Notes Warrant” and, collectively, the “Notes Warrants,” and together with the Preferred Stock Warrants, the “Warrants”) to purchase the number of shares of the Company’s Common Stock set forth opposite such Notes Purchaser’s name under the heading “Number of Notes Warrants” on Schedule I.
Notes Warrants. At the Closing, the Company shall have tendered to such Investor the appropriate Note, Warrants and Opinion and other deliverables set forth herein.
Notes Warrants. In connection with our 2012 & 2013 notes financing, we sold to the purchasers 14,063 warrants to purchase common stock at an exercise price of $16.00 per share. The note warrants have a seven-year term from their issuance dates and have substantially the same terms as the Series A Preferred Warrants (as described above). As of October 24, 2019 there were 9,593 of these warrants to purchase common stock outstanding.
Notes Warrants
