Share Purchase Warrants. The following shares of common stock of Torrent are reserved for issuance and issuable upon the exercise of outstanding share purchase warrants:
Share Purchase Warrants. None. Options The directors of the Company approved an incentive stock option plan (the "Stock Option Plan"). The directors have approved the following grants of options pursuant to the Stock Option Plan.
Share Purchase Warrants. The following shares of common stock of Torrent are reserved for issuance and issuable upon the exercise of outstanding share purchase warrants:
1, 942,930 warrants o/s (1,442,930 @ $.50 and 500,000 @ $.55)
Share Purchase Warrants. As additional consideration to the Lender for the Loan, upon execution of this Agreement, the Company shall issue to the Lender non-transferrable share purchase warrants to purchase an aggregate of up to 8,000,000 shares of Common Stock at an initial exercise price of $0.10 per share (subject to adjustment as provided in the form of Warrant attached as Schedule “C” to this Agreement), and expiring on January 15, 2021 (collectively, the “Warrants”), which Warrants shall be exercisable in whole or in part immediately and from time to time prior to the expiration thereof, and shall be substantially in the form attached as Schedule “C” to this Agreement.
Share Purchase Warrants. The following shares of common stock of Heartland are reserved for issuance and issuable upon the exercise of outstanding share purchase warrants:
Share Purchase Warrants. As additional consideration for the Advance, the Borrower shall issue to each Lender, concurrent with the Advance of the Loan, non-transferable (except by operation of law or with the written consent of the Borrower) Share Purchase Warrants entitling the Lender to purchase from the Borrower common shares in the capital of the Borrower at a price of US$15.00 per share, subject to adjustment as set out in the Warrant Certificates, having a maximum aggregate Exercise Price (as defined in the Warrant Certificates) of US$3,750,000, being equal to 50% of the principal amount of the Loan advanced by the Lender. The Share Purchase Warrants shall be issued to the Lenders pursuant to the terms of the Warrant Purchase Agreement and the Share Purchase Warrants issued to each Lender shall be evidenced by a Warrant Certificate issued to the Lender at the time of the Advance.
Share Purchase Warrants. Upon receipt of the Loan Amount, the Company shall issue to the Lender Warrants to purchase up to 2,000,000 Warrant Shares at the Warrant Exercise Price for the Warrant Term.
Share Purchase Warrants. Qinnet has not issued and does not have outstanding any warrants to purchase shares of the Common Stock.
Share Purchase Warrants. The following shares of common stock of Heartland are reserved for issuance and issuable upon the exercise of outstanding share purchase warrants: — 1,678,766 shares of common stock which may be issued upon the exercise of certain share purchase warrants issued in connection with private placements in June and August of 2003; — 162,958 shares of common stock which may be issued upon the exercise of certain share purchase warrants issued in partial payment of placement fees; — 1,000,000 shares of common stock which may be issued upon the exercise of certain share purchase warrants issued in connection with a private placement that closed on April 16, 2003; and — 571,361 shares of common stock which may be issued upon the exercise of certain share purchase warrants, which were issued upon conversion of outstanding convertible debentures. — 497,653 shares of common stock which may be issued upon the exercise of share purchase warrants, issued in connection with a private placement of convertible preferred shares that closed on January 13, 2004.
Share Purchase Warrants. As additional consideration to the Lender for the Credit Line, the Borrower shall, upon execution of this Agreement, issue to the Lender non-transferrable share purchase warrants (the “Warrants”) to purchase up to 5,000,000 shares of the Borrower’s Common Stock during the period expiring at 5:00PM Pacific Time on the third anniversary of the Effective Date and exercisable at $0.05 per share, which Warrants shall vest at 20 warrants for every USD$1 drawn onto the Credit Line. The Warrants shall be in the form attached as Schedule “B” to this Agreement. In addition, in recognition of USD$124,148 (which the amount consists of USD$115,964 in principal and USD$8,184 in accrued interest as of the date of this Agreement) the Lender has advanced to the Borrower under separate loan agreements, the Borrower shall issue to the Lender non-transferrable share purchase warrants (the “Additional Warrants”) to purchase up to 2,482,960 shares of the Borrower’s Common Stock during the period expiring at 5:00PM Pacific Time on the third anniversary of the Effective Date and exercisable at $0.05 per share, which Additional Warrants shall vest immediately and shall be in the form attached as Schedule “C” to this Agreement.
