Warrant; Commitment Shares Sample Clauses

Warrant; Commitment Shares. On or before the Closing Date, the Company shall issue the Warrant to the Buyer pursuant to the terms of contained therein, which shall be earned in full as of the Closing Date. On or before the Closing Date, the Company shall issue 12,500,000 shares of the Company’s common stock (the “Commitment Shares”) to the Buyer, which shall be earned in full as of the Closing Date.

Warrant; Commitment Shares. On or before the Closing Date, the Company shall issue a common stock purchase warrant to Buyer to purchase 1,500,000 shares of the Company’s common stock (the “Warrant”) upon the terms and subject to the limitations and conditions set forth in such Warrant. On or before the Closing Date, the Company shall issue 625,000 shares of the Company’s common stock (the “Commitment Shares”) to the Buyer, which shall be earned in full as of the Closing Date.

Warrant; Commitment Shares. On or before the Closing Date, the Company shall issue the Warrant to the Buyer pursuant to the terms contained therein as well as the Commitment Shares to the Buyer. If (i) the Note is repaid in the entirety on or before the Maturity Date (as defined in the Note), (ii) an Event of Default (as defined in the Note) has not occurred under Section 3.1, 3.7, 3.10, or 3.18 of the Note, (iii) the Company timely pays each Amortization Payment (as defined in the Note) as required under the Note, and (iv) a Delinquency Event (as defined below) has not occurred, then the Second Commitment Shares shall be cancelled and returned to the Company’s treasury. Accordingly, if (i) the Note is not repaid in the entirety on or before the Maturity Date (as defined in the Note), (ii) an Event of Default (as defined in the Note) occurs under Section 3.1, 3.7, 3.10, or 3.18 of the Note, (iii) Company fails to timely pay any Amortization Payment (as defined in the Note) as required under the Note (in each such case, a “Trigger Event”), or (iv) a Delinquency Event occurs, then the Second Commitment Shares shall not be cancelled or returned to the Company’s treasury under any circumstances. “Delinquency Event” means that the Company fails to comply with the reporting requirements of the 1934 Act and/or ceases to be subject to the reporting requirements of the 1934 Act, and in each such case is not cured within ninety (90) calendar days after the occurrence of the respective event.

Warrant; Commitment Shares. On or before the Closing Date, the Company shall issue a common stock purchase warrant to Buyer to purchase 472,500 shares of the Company’s common stock (the “Warrant”) upon the terms and subject to the limitations and conditions set forth in such Warrant. On or before the Closing Date, the Company shall issue 34,650 shares of the Company’s common stock (the “First Shares”) to the Buyer, which shall be earned in full as of the Closing Date. On or before the Closing Date, the Company shall issue 157,500 shares of the Company’s common stock (the “Second Shares”) (the First Shares and Second Shares shall collectively be referred to herein as the “Commitment Shares”) to the Buyer, which shall be earned in full as of the Closing Date and subject to the cancellation provisions in the Note.