Common use of Warrant Grant Clause in Contracts

Warrant Grant. The Company hereby grants to the Warrantee a warrant (the “Warrant”) to purchase 5,000 shares (“Warrant Shares”, with each being a “Warrant Share”) of its $0.01 par value common stock (“Share”), under the terms and conditions set forth below.

Appears in 6 contracts

Samples: Board Warrant Agreement (BioDrain Medical, Inc.), Board Warrant Agreement (BioDrain Medical, Inc.), Board Warrant Agreement (BioDrain Medical, Inc.)

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Warrant Grant. The Company hereby grants to the Warrantee a warrant (the “Warrant”) to purchase 5,000 35,000 shares (“Warrant Shares”, with each being a “Warrant Share”) of its $0.01 par value common stock (“Share”), under the terms and conditions set forth below.

Appears in 1 contract

Samples: Warrant Agreement (BioDrain Medical, Inc.)

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Warrant Grant. The Company hereby grants to the Warrantee a warrant (the “Warrant”) to purchase 5,000 60,000 shares (“Warrant Shares”, with each being a “Warrant Share”) of its $0.01 par value common stock (“Share”), under the terms and conditions set forth below. To reduce dilution, upon reaching 2,000,000 shares the Company will grant a second warrant to purchase an additional 60,000 shares at the same rate.

Appears in 1 contract

Samples: Board Warrant Agreement (BioDrain Medical, Inc.)

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