Common use of Purchase and Sale of Warrant Clause in Contracts

Purchase and Sale of Warrant. Subject to the terms and conditions of this Agreement, the Investor agrees to purchase and the Company agrees to sell and issue to the Investor at the Closing, a warrant in the form attached hereto as Exhibit B (the "Warrant") to purchase shares of the Company's Common Stock. In addition to the Notes, Investor will receive warrant coverage (“Warrants”) for four Shares for every one dollar ($1.00) of cash provided to the Company under Section 1.1 above, with each Warrant to be exercisable by Investor at the Price, as stated in Section 1.1 above, multiplied by 7.5, which includes a cashless exercise feature. The Warrants will be exercisable on any date after the four-year anniversary of the date of this Agreement and expire on the five-year anniversary of the date of this Agreement.

Appears in 2 contracts

Samples: Convertible Promissory Note and Warrant Purchase Agreement (VG Life Sciences Inc.), Convertible Promissory Note and Warrant Purchase Agreement (VG Life Sciences Inc.)

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Purchase and Sale of Warrant. Subject to the terms and conditions of this Agreement, the Investor agrees to purchase and the Company agrees to sell and issue to the Investor at the Closing, a warrant in the form attached hereto as Exhibit B (the "Warrant") to purchase shares of a series of the Company's Common Stock. In addition to the Notes, Investor MVF will receive warrant coverage (“Warrants”) for four Shares for every one dollar ($1.00) of cash or Services provided to the Company under Section 1.1 1.1. above, with each Warrant to be exercisable by Investor at the Price, as stated in Section 1.1 above, multiplied by 7.5$0.45 per Share, which includes a cashless exercise feature. The Warrants will be exercisable on any date after from and including the four-year anniversary of the date of this Agreement and expire on the five-year anniversary of the date of this Agreementthereof.

Appears in 1 contract

Samples: Convertible Promissory Note and Warrant Purchase Agreement (VG Life Sciences Inc.)

Purchase and Sale of Warrant. Subject to the terms and conditions of this Agreement, the Investor agrees to purchase and the Company agrees to sell and issue to the Investor at the Closing, a warrant in the form attached hereto as Exhibit B (the "Warrant") to purchase shares of the Company's Common Stock. In addition to the Notes, Investor will receive warrant coverage ("Warrants") for four Shares for every one dollar ($1.00) of cash provided to the Company under Section 1.1 above, with each Warrant to be exercisable by Investor at the Price, as stated in Section 1.1 above, multiplied by 7.5, which includes a cashless exercise feature. The Warrants will be exercisable on any date after the four-year anniversary of the date of this Agreement and expire on the five-year anniversary of the date of this Agreement.

Appears in 1 contract

Samples: Convertible Promissory Note and Warrant Purchase Agreement (VG Life Sciences, Inc.)

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Purchase and Sale of Warrant. Subject to the terms and conditions of this Agreement, the Investor agrees to purchase and the Company agrees to sell and issue to the Investor at the Closing, a warrant in the form attached hereto as Exhibit B (the "Warrant"the”Warrant”) to purchase shares of a series of the Company's Common Stock. In addition to the Notes, Investor MVF will receive warrant coverage (“Warrants”) for four Shares for every one dollar ($1.00) of cash or Services provided to the Company under Section 1.1 1.1. above, with each Warrant to be exercisable by Investor at the Price, as stated in Section 1.1 above, multiplied by 7.5$0.45 per Share, which includes a cashless exercise feature. The Warrants will be exercisable on any date after from and including the four-year anniversary of the date of this Agreement and expire on the five-year anniversary of the date of this Agreementthereof.

Appears in 1 contract

Samples: Convertible Promissory Note and Warrant Purchase Agreement (VG Life Sciences, Inc.)

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