Second Closing Warrant Sample Clauses
The Second Closing Warrant clause defines the terms under which additional warrants are issued to an investor at a subsequent closing event, typically following the initial investment round. This clause specifies the conditions that must be met for the second issuance, such as achieving certain milestones or completing additional funding rounds, and outlines the number of warrants, exercise price, and timing. Its core function is to incentivize continued performance or investment by the company, while providing investors with additional upside potential if the company meets agreed-upon objectives.
Second Closing Warrant. The Purchaser shall have delivered to the Company the Second Closing Warrant, duly executed by the Purchaser.
Second Closing Warrant. The first two sentences of Section 10 (Transfers) of the Second Closing Warrant are hereby deleted and replaced in their entirety with the following: “This Warrant may be transferred or assigned by the Warrantholder, in whole or in part, subject to compliance by the Warrantholder with all applicable federal and state securities laws, without the prior written consent of the Company; provided, however, any assignee or transferee of this Warrant (“permitted assignee”) shall be required to accept this Warrant subject to all rights and obligations of the Warrantholder as set forth herein.”