Warrant Conversion. Following the Closing, each outstanding Warrant will cease to represent a warrant in respect of GNOG Class A common stock and instead shall entitle the holder thereof to purchase 0.365 of a share of New DraftKings Class A common stock at an exercise price of $31.50 per share of New DraftKings Class A common stock, subject to adjustment as set forth in the Warrant Agreement.
Warrant Conversion. Following the Closing, each outstanding Warrant will cease to represent a warrant in respect of Old DraftKings Class A common stock and instead shall entitle the holder thereof to purchase one share of New DraftKings Class A common stock at an exercise price of $11.50 per share of New DraftKings Class A common stock, subject to adjustment as set forth in the Warrant Agreement.
Warrant Conversion. Each warrant to acquire shares of USW Capital Stock (each a "USW Warrant"), which is outstanding at the Effective Time and which has not theretofore been exercised, shall be treated as if such USW Warrant had been exercised immediately prior to the Effective Time, and as if the price for such USW Warrant exercise has been paid by subtracting from the number of shares issuable upon the exercise of such USW Warrant that number of shares of USW Capital Stock that equals in value the aggregate price to be paid for such exercise, as calculated using the USW Per Share Price.
Warrant Conversion. Notwithstanding the foregoing Section 1, in the event the Company completes a Qualified Public Offering (“QPO”), as defined in Section 4.3.4.1.2 of the Company’s Amended and Restated Certificate of Incorporation, prior to the expiration of this Warrant, the purchase right represented by this Warrant shall be exercisable, in whole or in part, at any time from and after the date of the QPO and prior to 5:00 p.m., Durham, N.C. time, two (2) years after the closing date of the QPO.
Warrant Conversion. Subject to CP filing an amendment to its SB2, which filing shall be made as soon after the execution of this Agreement as is practicable, covering the transactions described in this Agreement, and only after such amendment is declared effective by the SEC, NetCap shall receive: (i) a fee, payable in cash, equal to ten percent (10%) of the gross proceeds received by CP from the conversion of any and all Warrants, and (ii) warrants to acquire CP common stock, as more fully defined in sub-paragraph (c), below, equal to ten percent (10%) of the number of Warrants converted during the Engagement Period. Furthermore, XX agrees to pay all cash fees pursuant to this Paragraph 10(b) on any and all Warrants exercised during the twelve-month period following the date of this Agreement. CP agrees to remit to NetCap by wire transfer each Friday the fees payable to NetCap earned during the previous week. Warrants earned under this Agreement shall be issued by CP as soon as possible following the last day of each month during which warrants are earned.
Warrant Conversion. The HOLDER hereby surrenders the warrants issued by the COMPANY as and for consideration of the underlying note to the COMPANY pursuant to the Loan Agreement (the "Bridge Warrants"). The COMPANY hereby issues to the HOLDER Warrants identical to those offered in the Registration Statement and promises to use its best efforts to register the HOLDER as a selling securityholder contemporaneously with the Registration Statement.
Warrant Conversion. The Investor hereby subscribes for the aggregate number of shares of Common Stock set forth on the applicable signature page attached hereto (the “Conversion Shares”). The Conversion Shares shall be issued in exchange for Warrants held by the Investor described under the caption “Investor Warrants” on the applicable signature page attached hereto.
Warrant Conversion. The Warrant Conversion shall have been duly and validly effectuated.
Warrant Conversion. The Warrants currently held by Vision entitling Vision to acquire 8,258,378 shares of Common Stock at a target price of $0.35 per share, are hereby exchanged for 825,838 shares of Company Common Stock. The Company agrees to immediately issue in the name of Vision such 825,838 shares of Company Common Stock, with all appropriate transfer taxes paid, if any, at the expense of the Company. Vision acknowledges that the Company, after fulfilling its obligations contemplated by this Agreement, has no further obligation or commitment to issue shares of Company Common Stock to Vision.
Warrant Conversion. A Warrant is exercisable for a share of Class A Com- mon Stock. The Warrant shall be exercisable for a period of five (5) years, from the dated of earning, at a price of one cent ($0.01) per share.
