Warrant Compensation. Except as described in Section 3(e), Iridium shall compensate Motorola for incurring the Motorola Exposure by issuing warrants (the "Warrants") to purchase Class 1 Interests in Iridium ("Shares")
Warrant Compensation. Warrant compensation shall be as follows: --------------------- 25,000 warrants to purchase USEG common stock at a price of $3.75 per share to be vested when the stock trades at a closing price above $4.00 per share for a period of 10 consecutive business days. 25,000 warrants to purchase USEG common stock at a price of $4.50 per share to be vested when USEG trades at a closing price above $5.00 per share for a period of 10 consecutive business days. 25,000 warrants to purchase USEG common stock at a price of $5.50 per share to be exercised when the stock trades at a closing price above $6.00 per share for a period of 10 consecutive business days. Note: All warrants not exercised shall expire three years from the date of this agreement. These warrants will be exercisable only for cash.
Warrant Compensation. The Company shall issue PA, as the remainder of the compensation for the services provided by PA hereunder, a warrant (the “Warrant Fee” and with the Cash Fee, collectively, the “Fee”) in the form of the Warrant Agreement attached as Exhibit D. The Warrant Agreement will be exercisable for that number of shares of Series H Preferred Stock of the Company equal to the product of the number of shares of Series H Preferred Stock sold in the Financing to Qualified Investors and 0.05. In order for shares to be considered sold under this Section 2(b), the Company or its designated agent must have accepted possession of the applicable investment funds.
Warrant Compensation. Consultant shall receive payment of 200,000 warrants to purchase FDOG common stock at a price of forty cents ($.40) per share. Said warrants shall have a 7 year life and “piggyback” registration rights upon the first available registration.
Warrant Compensation. Company shall issue to Xxxxxxx warrants exercisable for (5) years to purchase one hundred thousand (100,000) shares of the Company’s Common Stock (subject to AMEX approval) having an exercise price equal to the closing price of the Company’s common stock on the date hereof, subject to splits and adjustment (the “Warrant Compensation”). Such warrants shall be issued for cash consideration of $0.001 per underlying share and shall contain a provision for cashless exercise. The common stock underlying the warrants will have piggyback registration rights to the extent that the resale of such shares is not available under Rule 144.
Warrant Compensation. Upon execution of this Agreement, the Company shall issue 250,000 warrants, subject to vesting requirements as set forth, to Employee entitling Employee to purchase non-callable no par voting common stock of the Company. Each warrant shall entitle the holder thereof to purchase one share of common stock as follows: Term Exercise Price per Share # of Shares Underlying Warrants Vesting* 5 years $ 2.00 30,000 Immediately 5 years $ 2.00 30,000 One Year 5 years $ 2.00 30,000 Two Years 5 years $ 2.00 30,000 Three Years 5 years $ 2.00 30,000 Four Years 150,000 Term Exercise Price per Share # of Shares Underlying Warrants Vesting* 5 years $ 3.00 6,666 Immediately 5 years $ 3.00 6,666 One Year 5 years $ 3.00 6,666 Two Years 5 years $ 3.00 6,666 Three Years 5 years $ 3.00 6,669 Four Years 33,333 Term Exercise Price per Share # of Shares Underlying Warrants Vesting* 5 years $ 4.00 6,666 Immediately 5 years $ 4.00 6,666 One Year 5 years $ 4.00 6,666 Two Years 5 years $ 4.00 6,666 Three Years 5 years $ 4.00 6,669 Four Years 33,333 * Length of time after the effective date. Term Exercise Price per Share # of Shares Underlying Warrants Vesting* 5 years $ 5.00 5,555 Immediately 5 years $ 5.00 5,555 One Year 5 years $ 5.00 5,555 Two Years 5 years $ 5.00 5,555 Three Years 5 years $ 5.00 5,559 Four Years 33,334 TOTAL WARRANTS 250,000 * Length of time after the effective date. Subject to the vesting provisions above, the warrants may be exercised from the Effective Date until 11:59 p.m. (San Francisco time) on the date that is five years after the date of this Agreement. Each warrant not exercised on or before the expiration date shall expire. The no par voting common shares issued pursuant to the warrant exercises shall be identical in all respects to the currently outstanding no par common of the Company. The Company shall include the shares of common stock reserved for issuance under the above-described warrants in any registration statement it files during the Employment Term, subject to any limitations imposed by an underwriter on the amount of such shares that can be included in such registration, and Employee shall be subject to all lock-ups (restricting his resale rights) imposed by the underwriter on the Company’s other management shareholders. Employee shall also be entitled to participate annually in any incentive stock option plan (“Plan”) adopted by the Company and in effect during the year(s) Employee is employed by the Company. Compensation received as a result...
Warrant Compensation. The Company shall issue the Placement Agent a 3 year Warrant to purchase 5% of the shares sold by Placement Agent. For purposes of determining the Placement Agent’s compensation under this Section 3, the gross offering funds received in the Offering(s) shall include any amounts paid to the Company by investors in respect to an exercise or conversion of any of the Securities or Warrants.
Warrant Compensation. Employee will receive Warrants for 50,000 shares of Employer stock priced at the close of the market on November 11, 1999, the date Employee began assuming his duties with the Employer, $7.875. These Warrants will be in the standard Med-Design Warrant form providing for immediate vesting and a five (5) year life during which the Warrants may be exercised.
Warrant Compensation. 2.5% warrant coverage at a price equal to par value upon the closing of the next equity financing. Should the Company not consummate a financing, then M1 (or its designee) shall receive no equity or warrant compensation.
Warrant Compensation. In addition to the Advisory Fee, Post Success Services (if applicable), and Success Fee (if applicable), in exchange for the Services, Client shall issue to Xxxx Xxxxxx (“Xxxxxx”) warrants to purchase restricted shares of the common stock, $0.0001 par value per share (the “Common Stock”), of the Client (the “Warrants”) as set forth below:
