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. In consideration of the services to be provided for hereunder, the Company shall pay to the Placement Agent or its respective designees at the Closing Date warrants (“Agent Warrants”) for the purchase of an aggregate of a number of shares of Common Stock (the “Agent Warrant Shares”), representing 5% of the Offered Securities sold at the Closing Date. The Agent Warrants, in the form of Exhibit C hereto, shall be exercisable, in whole or in part, commencing on the date that is 180 days after the date of this Agreement and expiring on the five-year anniversary of the date of this Agreement at an initial exercise price per share of Common Stock of $5.75. The Placement Agent understands and agrees that there are significant restrictions pursuant to FINRA Rule 5110 against transferring the Agent Warrants and the Agent Warrant Shares during the one hundred eighty (180) days after this Agreement and by its acceptance thereof shall agree that it will not sell, transfer, assign, pledge or hypothecate the Agent Warrants, or any portion thereof, or be the subject of any hedging, short sale, derivative, put or call transaction that would result in the effective economic disposition of such securities for a period of one hundred eighty (180) days following the date of this Agreement to anyone other than (i) a sub-agent or selected-dealer in connection with the Placement or (ii) a bona fide officer, partner, employee or registered representative of the Placement Agent, sub-agent or selected-dealer; and only if any such transferee agrees to the foregoing lock-up restrictions. Delivery of the Agent Warrants shall be made at the relevant Closing Date, and shall be issued in the name or names and in such authorized denominations as the Placement Agent may request.
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. 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. At Iridium's option in lieu of any compensation under Section 3(a) above, Kyocera will be compensated for providing the Guarantee with warrants (the "Warrants") issued by Parent to purchase Class 1 Interests in Parent ("Shares"). The Warrants shall (i) be in substantially the form of the warrants issuable pursuant to Section 2(a) of the Motorola Agreement, (ii) provide for a ten year term and an exercise price of $0.00013 per Class 1 Interest (subject to adjustment as contemplated in the Motorola Agreement); (iii) become exercisable on and (iv) provide for issuance of Shares that (A) with respect to Shares issued for Warrants received on or prior to the Commercial Activation Date, may be sold without transfer restrictions (other than transfer restrictions imposed by the Parent's Limited Liability Company Agreement, the Interest Exchange Agreement and applicable securities law ("Mandatory Restrictions") at any time after the fifth anniversary of the exercise of the Warrants and (B) with respect to Shares issued for Warrants received after the Commercial Activation Date, may be sold without transfer restrictions (other Mandatory Restrictions) at any time after the exercise of the Warrants. In addition, in the event that Kyocera earns Warrants with respect to periods beginning after , Iridium shall compensate Kyocera with Shares issued by Parent directly to Motorola in the amounts described below in lieu of Warrants. On the 45th day following the end of each calendar quarter during which any Borrowings were outstanding at any time, Parent shall issue a certificate to Kyocera evidencing the Warrants or Shares earned by Kyocera in respect of the total of such Borrowings outstanding in such quarter.
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. Consultant shall initially receive 50,000 warrants to purchase UPST common stock at a price of $3.00 price per share, and 50,000 warrants to purchase UPST common stock at $5.00 price per share on November 2, 2003 unless this Agreement is sooner terminated. Said warrants to have a 5 year life, exercisable at any time, with piggyback registration rights only on first available SEC Registration.
Warrant Compensation. Consultant shall receive payment of 200,000 warrants to purchase FDOG common stock at a price of forty cents ($.40) per share. Said warrants shall have a 7 year life and “piggyback” registration rights upon the first available registration.
Warrant Compensation. 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.
