Number and Price of Shares. The number of shares as to which the Option is granted is the number set forth in Schedule 3A to this Agreement. The purchase price per share is the amount set forth in Schedule 3B to this Agreement.
Number and Price of Shares. The Company hereby grants to the Option Holder an option (the “Option”) to purchase «Options» shares of its Common Stock (the “Option Shares”) at a price of $«Price» per share (the “Option Price”).
Number and Price of Shares. (a) The Holder shall have the right to purchase 11,722 Shares, which is equal to one hundred twenty-five thousand dollars ($25,000) divided by the Exercise Price, as defined in Section 1(b) below.
(b) The exercise price per Share ("Exercise Price") shall be equal to $2.1328 per Share.
Number and Price of Shares. The number of shares of the Company’s common stock as to which the Option is granted is two million (2,000,000) shares (the “Shares”). The purchase price per Share is $0.60, which was the closing price of the Company’s common stock on the Grant Date.
Number and Price of Shares. The Company hereby grants to the Participant an Option to purchase _____________ shares of the Company’s Common Stock (the “Option Shares”) at a price of $_____________ per share (the “Option Price”).
Number and Price of Shares. The number of Shares of Restricted Stock granted is _________. The Fair Market Value per Share on date of grant is $____.
Number and Price of Shares. Each Company shall be obligated to purchase no more than one-third of the total number of Vested Shares held by each such Management Stockholder and all of his Permitted Transferees collectively pursuant to each Put Notice delivered by such holder(s). The price payable to such holder(s) for such shares put to the Company shall be the Fair Value ("Fair Value") of such shares on the Put Date. The Fair Value of such shares shall be determined by the Appraiser. Such appraisal shall be paid for by the Companies. The Appraiser shall determine the Fair Value of such shares as the product obtained by multiplying the fair value of the Companies (collectively determined in accordance with the considerations listed below) times the percentage obtained by dividing the number of shares of Common Stock specified in the Put Notice divided by the total number of shares of Common Stock issued and outstanding at the time. The fair value of the Companies shall be the price at which the Companies collectively would change hands between a willing buyer and a willing seller when the former is not under any compulsion to buy and the latter is not under any compulsion to sell, both parties having reasonable knowledge of relevant facts. In determining the fair value of the Companies collectively, the Appraiser will consider the financial condition and operating results and prospects of the Companies, including: balance sheets, historical and at the valuation date, assets, liabilities, and book value, historical operating results, particularly profits generated and factors affecting profits, dividends paid historically and dividend-paying capacity, budgets, plans, and projections of future performance, and prospects at the valuation date.
Number and Price of Shares. (a) The Holder shall have the right to purchase a number of Shares equal to sixty-two thousand five hundred dollars ($62,500), or 5% of the $1,250,000 principal amount of the Note by and between the Company and the Holder, divided by the Exercise Price, as defined in Section 1(b) below.
(b) The exercise price per Share ("Exercise Price") shall be equal to: (i) the price at which the Company sells the Shares in an equity financing completed on or before July 11, 1998, or (ii) if such a financing is not completed by July 11, 1998, the average of the price at which the Company sells the Shares and the original issue price of the Series A Preferred Stock of $.8718.
(c) An example of this formula is as follows: if the Company completes a Series B Preferred Stock financing at $1.75 per share, the number and Exercise Price of the Shares would be:
(i) $62,500/ $1.75 = 35,714 Shares, exercisable at $1.75 per share, if the financing is completed within 120 days of the date of this Warrant; or
(ii) $62,500/ ((1.75+ .8718)/2) = 62,500/ $1.3109 = 47,677 Shares, exercisable at $1.3109 per share, if the financing is completed more than 120 days after the date of this Warrant.
(d) In the event the Company does not complete a round of Preferred Stock financing within 180 days of the date of this Warrant, this Warrant shall be exercisable for shares of the Company's Series A Preferred Stock, and all references to the Shares and the Series B Preferred Stock herein shall mean the Series A Preferred Stock of the Company. The Exercise Price shall be $.8718 for any Series A Preferred Stock issued hereunder.
Number and Price of Shares. The number of shares as to which the Option and the Limited SAR is granted is the number set forth in Schedule 3A to this Agreement. The purchase price per share is the amount set forth in Schedule 3B to this Agreement.
Number and Price of Shares. The number of shares as to which the Restricted Stock Award is granted is the number set forth in Schedule 3A to this Agreement. The purchase price per share of Restricted Stock, if any, is the amount set forth in Schedule 3B to this Agreement. The Restricted Stock Award shall expire and shall be null and void to the extent Grantee fails to pay the purchase price of the Restricted Stock, if any, by the 30th day following the date of grant.
