Common use of Redemption of Warrant Clause in Contracts

Redemption of Warrant. i. Not less than all of the outstanding Warrants may be redeemed, at the option of the Company, at any time while they are exercisable and prior to their expiration upon notice to the Holders of the Warrants, as described in Section 2(f)(iii) below, at the price of $[●] per share, a price equal to three times $[●] (as adjusted pursuant to Section 3(a) hereof for share splits, share dividends, recapitalizations and similar events); provided, however, that if and when the Company elects to redeem the Warrants, the Company may not exercise such redemption right if the issuance of Ordinary Shares upon exercise of the Warrants is not exempt from registration or qualification under applicable state blue sky laws or the Company is unable to effect such registration or qualification.

Redemption of Warrant. i. Not less than all of the outstanding Warrants may be redeemed, at the option of the Company, at any time while they are exercisable and prior to their expiration upon notice to the Holders of the Warrants, as described in Section 2(f)(iii) below, at the price of $[●] 0.01 per share, a price equal to three times $[●] share (as adjusted pursuant to Section 3(a) hereof for share splits, share dividends, recapitalizations and similar events); provided, however, that if and when the Company elects to redeem the Warrants, the Company may not exercise such redemption right if the issuance of Ordinary Shares shares of Common Stock upon exercise of the Warrants is not exempt from registration or qualification under applicable state blue sky laws or the Company is unable to effect such registration or qualification.