Terms of the Notes and Warrants. The terms and conditions of the Notes and Warrants are set forth in the forms of Note and Warrant attached hereto as Exhibit C and Exhibit D, respectively. Capitalized terms not otherwise defined herein shall have the meaning set forth in Exhibit C or Exhibit D.
Terms of the Notes and Warrants. The terms and provisions of the Notes are set forth in the form of Secured Convertible Promissory Note, attached hereto as Exhibit C. The terms and provisions of the Warrants are more fully set forth in the form of Warrant, attached hereto as Exhibit D.
Terms of the Notes and Warrants. Except as otherwise set forth in this Agreement, the terms of the Notes and Warrants shall be as set forth in the Notes and Warrants, respectively.
Terms of the Notes and Warrants. Except as otherwise set forth in this Agreement, the terms of the Secured Notes, the Convertible Notes and the Warrants shall be as set forth in the Secured Notes, the Convertible Notes and the Warrants, respectively.
Terms of the Notes and Warrants. The terms and conditions of each Note are set forth in the form of Note attached as EXHIBIT A hereto. The terms and conditions of each Warrant are set forth in the form of Warrant attached as EXHIBIT B hereto.
Terms of the Notes and Warrants. The terms and provisions of the Notes are set forth in the Form of Convertible Promissory Note attached hereto as Exhibit A. The terms and provisions of the Warrants are more fully set forth in the form of Common Share Purchase Warrant, attached hereto as Exhibit B.
Terms of the Notes and Warrants. In return for the Consideration paid by each Lender, the Borrower shall sell and issue to such Lender one or more unsecured Notes in the principal amount equal to the dollar amount set forth below the Lender’s name on the signature page hereof (the aggregate principal amount so sold being the “Aggregate Note Amount”), bearing interest at eight percent (8%) per annum. Borrower in its sole discretion may increase the Aggregate Note Amount with respect to any Lender. The proceeds of the Notes shall be used for the funding of the cash deposit for the purchase of CentrePath and the funding of the balance of the purchase price of CentrePath, and any remainder for general working capital purposes of the Company. Effective as of the date of application of the proceeds of a Lender’s funding as aforesaid, the Company shall issue to the Lender a warrant (the “Warrant”) to purchase 225.00225 shares of Series AA Preferred Stock (in the form attached as Exhibit B, and which equates to 500,000 shares of Common Stock on an as converted basis assuming the Series AA Preferred Stock is issued at $0.45 per share) for each $1,000,000 of Loan funded (prorated for fractional amounts) In addition, in consideration for the funding of the initial $1,000,000 of the Loans, which has been put at risk with CentrePath as of this date, the initial Lender (Xxxxxx X. Xxxxxx) shall receive an additional warrant to purchase 450.0045 shares of Series AA Preferred Stock (which equates to 1,000,000 shares of Common Stock on an as converted basis assuming the Series AA Preferred Stock is issued at $0.45 per share).
Terms of the Notes and Warrants. In return for the Consideration paid by each Lender, the Borrower shall sell and issue to such Lender one or more unsecured Notes in the principal amount equal to the dollar amount set forth below the Lender’s name on the signature page hereof (the aggregate principal amount so sold being the “Aggregate Note Amount”), bearing interest at 18% per annum. Borrower in its sole discretion may increase the Aggregate Note Amount with respect to any Lender. In addition, simultaneous with the initial funding of the Pipe Financing, the Company shall issue to Lender a warrant (“Warrant”) expiring on the earlier of December 31, 2011 or 30 days following delivery of a Call Notice (after achievement of a price of at least $4.00 per share and the effectiveness of an underlying registration statement as more fully described in the Warrant) to purchase a number of shares of Series A Preferred Stock, which upon conversion to rights to acquire Common Stock shall be exercisable to purchase 37,500 shares of Common Stock for each $100,000 of Notes investment, exercisable at the Pipe Common Stock Price, all as more fully set forth on Exhibit B. Company further agrees to apply 25% of all net proceeds it receives from the Pipe Financing after $5,000,000 has been raised from the Pipe Financing and until $10,000,000 has been raised from the Pipe Financing, and 50% of all net proceeds from the Pipe Financing in excess of $10,000,000 of Pipe Financing proceeds raised, toward payoff of the Notes, on a pro rata basis (allocated pro rata among all the Notes) based on outstanding principal amount. To the extent the Consideration provided by the Lender is an assignment of the Lender’s 20/20 Note and associated contract rights, by execution hereof, such Lender assigns to Borrower all right title and interest in the 20/20 Note and all associated contract rights related thereto, free and clear from all liens and encumbrances, including but not limited to the Note Administration Agreement (if the undersigned is a party to that agreement among LaSalle 20/20 Lender, LLC and the holders of promissory notes subject to such agreement, the loan and security agreement pursuant to which the undersigned has been granted a security interest in the assets of the co-borrowers with respect to the 20/20 Note, and the interest of the undersigned with respect to the Amended and Restated Intercreditor Agreement dated as of September 20, 2000 as amended through the date hereof among LaSalle 20/20 Lender LLC on ...
Terms of the Notes and Warrants. The terms and provisions of the Series A Notes are set forth in the form of Series A Secured Convertible Promissory Note, attached hereto as Exhibit C, and the terms and provisions of the Series B Notes are set forth in the form of Series B Secured Convertible Promissory Note, attached hereto as Exhibit D. The terms and provisions of the Warrants are more fully set forth in the form of Warrant, attached hereto as Exhibit E.
Terms of the Notes and Warrants. The terms and conditions of each Note are set forth in the form of Note attached as Exhibit A hereto. The terms and conditions of each Warrant are set forth in the form of Warrant attached as Exhibit B hereto.
