Placement Agent’s Warrants. On the Closing Date, the Company will issue to the Placement Agent Warrants similar to and carrying the same rights as the Warrants issuable to the Subscribers except that the exercise price to purchase one Warrant Share shall be $0.12and the Warrants shall be exercisable until five years after the Closing Date ("PLACEMENT AGENT'S CLOSING WARRANTS"). The Placement Agent will receive one Placement Agent Closing Warrant for each eight (8) Shares issued to the Subscribers on the Closing Date. The Placement Agent will also receive Warrants from the Company in connection with exercise of A Warrants and B Warrants by Subscribers or their assigns. The Placement Agent will receive one "PLACEMENT AGENT'S A WARRANTS" for each eight (8) A Warrants exercised by a Subscriber on a cash basis. The Placement Agent's A Warrants will be exercisable at $0.14 per Warrant Share. The Placement Agent will receive one "PLACEMENT AGENT'S B WARRANTS" for each eight (8) B Warrants exercised by a Subscriber on a cash basis. The Placement Agent's B Warrants will be exercisable at $0.18 per Warrant Share. The Placement Agent will receive one "PLACEMENT AGENT'S C WARRANTS" for each eight (8) C Warrants exercised by a Subscriber on a cash basis. The Placement Agent's C Warrants will be exercisable at $.60 per Warrant Share. All Placement Agent's Warrants will be exercisable for five years after the respective issue dates, will not be subject to Call and may be exercised on a cashless basis. A form of Placement Agent's Warrant is annexed hereto as EXHIBIT F. Warrant Exercise Compensation will not be payable in connection with Placement Agent's Warrants. The Placement Agent's A Warrants and Placement Agent's B Warrants must be delivered to the Placement Agent simultaneously with the Warrant Exercise Compensation payable in connection with the exercise of the A Warrants and B Warrants giving rise to the obligation to issue Placement Agent's A Warrants and Placement Agent's B Warrants. All the Warrants issuable to the Placement Agent are referred to as "PLACEMENT AGENT'S WARRANTS". All the representations, covenants, warranties, undertakings, remedies, liquidated damages, indemnification, and other rights including but not limited to reservation requirements and registration rights made or granted to or for the benefit of the Subscribers are hereby also made and granted to the Placement Agent in respect of the Placement Agent's Warrants.
Placement Agent’s Warrants. On the Closing Date, the Company shall have delivered to the Placement Agent an executed copy of the Placement Agent’s Warrant.
Placement Agent’s Warrants. On or before each of the Closing Date, the Company shall have delivered to the Placement Agent an executed copy of the Placement Agent's Warrant.
Placement Agent’s Warrants. On or before the Final Closing Date, the Placement Agent shall have received executed copies of the Placement Agent’s Warrants; provided the Company has received the Placement Agent’s designees for such Warrants at least two (2) business days prior to the final Closing Date, if applicable.
Placement Agent’s Warrants. On the Closing Date, the Company will issue to the Placement Agent warrants (the “Placement Agent Warrants”), exercisable to purchase Shares at a price equal to 120% of the per Share price of the Common Stock. The Placement Agent Warrants shall be exercisable for a period of l five years after the Closing Date. The Placement Agent will receive such number of Placement Agent Warrants as will allow the Placement Agent to acquire a number of Shares equal to six percent (6%) of the total number of Shares sold in the Offering. All the representations, covenants, warranties, undertakings, remedies, liquidated damages, indemnification, and other rights including but not limited to registration rights made or granted to or for the benefit of the Subscribers are hereby also made and granted to the Placement Agent in respect of the Placement Agent’s Warrants and the Shares issuable upon exercise thereof.
Placement Agent’s Warrants. On the Closing Date, the Company will issue to the Placement Agent Warrants similar to and carrying the same rights as the Warrants issuable to the Subscribers except that the exercise price to purchase one Warrant Share shall be $0.63 and the Warrants shall be exercisable until five years after the Closing Date ("Placement Agent's Closing Warrants"). The Placement Agent will receive fifteen Placement Agent Closing Warrants for each one hundred (100) Shares issued to the Subscribers on the Closing Date. The Placement Agent will also receive Warrants from the Company in connection with exercise of A Warrants and B Warrants by Subscribers or their assigns. The Placement Agent will receive fifteen "Placement Agent's A Warrants" for each one hundred A Warrants exercised by a Subscriber on a cash basis. The Placement Agent's A Warrants will be exercisable at $0.69 per Warrant
Placement Agent’s Warrants. On the Closing Date, the Company will issue to the Placement Agent Warrants similar to and carrying the same rights as the Class A and Class B Warrants issuable to the Subscribers (“Placement Agent’s Warrants”). The Placement Agent will receive Placement Agent Warrants equal to seven percent (7%) of the number of shares of Common Stock that would be received by the Subscribers if the Notes were fully converted and additional warrants equal to three and one half percent (3.5%) of the Warrants issued to the Subscribers on the Closing Date. All Placement Agent’s Warrants will be exercisable for five (5) years after the respective issue dates, will not be subject to Call and may be exercised on a cashless basis. A form of Placement Agent’s Warrant is annexed hereto as Exhibit G. Warrant Exercise Compensation will not be payable in connection with Placement Agent’s Warrants. All representations, covenants, warranties, undertakings, remedies, liquidated damages, indemnification, and other rights including but not limited to reservation requirements and registration rights made or granted to or for the benefit of the Subscribers are hereby also made and granted to the Placement Agent in respect of the Placement Agent’s Warrants.
Placement Agent’s Warrants. On the Closing Date, the Corporation shall issue to the Placement Agent the number of non-transferable common share purchase warrants that equals 6.0% of the Units placed to new investors introduced to the Corporation by the Placement Agent. Each Placement Agent’s Warrant permits the purchase of one Warrant Share for two years from the Closing Date at the greater of the Unit Price and the five day VWAP preceding notice of the Offering to the TSX and is subject to the Acceleration Provision.
Placement Agent’s Warrants. The Company hereby agrees to issue to (i) each of Maxim and Xxxx (and/or its designees) on the Closing Date, Warrants to purchase a number of shares of Common Stock equal to up to an aggregate of 3.4% of that number of Shares issued at such closing and (ii) to National on the Closing Date, Warrants to purchase a number of shares of Common Stock equal to up to an aggregate of 1.2% of that number of Shares issued at such closing (collectively, the “Placement Agents’ Warrants”). The Placement Agents’ Warrants shall be exercisable, in whole or in part, commencing 180 days from the Effective Time and expiring on the five-year anniversary of the Effective Time at an initial exercise price of $[___] per share of Common Stock, which is equal to one hundred and twenty five percent (125%) of the initial public offering price of a Share. The Placement Agents’ Warrants and the Common Stock issuable upon exercise of the Placement Agents’ Warrants are hereinafter referred to collectively as the “Placement Agents’ Securities.”
Placement Agent’s Warrants
