Warrant Issuances. The Company will issue to Buyer or its ----------------- designee within five (5) days after any conversion of Preferred Shares a Warrant in substantially the form of Exhibit C attached hereto, to acquire one share of Common Stock for each three Conversion Shares that are issued on such conversion of Preferred Shares, with an exercise price equal to the lower $7.15 per share and 110 percent of the Average Market Price (as that term is defined in Exhibit A hereto) per share of Common Stock for the five trading days preceding such conversion. Each Warrant shall expire to the extent not exercised on the third anniversary of the date of the relevant conversion.
Warrant Issuances. At Closing, the Company shall issue to each Buyer warrants to acquire [16,667] shares of Common Stock for each one million dollars ($1,000,000) invested in the form as attached as Exhibit "C" hereto. The Company shall, in addition to the Warrants otherwise issuable hereunder, issue to each Buyer such Warrants (the "LOCK-UP WARRANTS") as may be issuable to a Buyer pursuant to Section 2(i) of the Certificate of Designations. Each Warrant issued hereunder (including pursuant to Section 2(i) of the Certificate of Designations) shall be immediately exercisable and shall expire (to the extent not exercised) on the fifth (5th) anniversary of its issuance date.
Warrant Issuances. Subject to the satisfaction of the terms and condition of this Agreement, Xxxxxxxx Xxxxxxxxx & Company, Limited, as the Placement Agent will receive on the Closing Date warrants ("Convertible Warrants") to purchase 250,000 shares of Common Stock (the "Convertible Warrant Shares") at an exercise price of $2.00 per share. The Warrants shall be exercisable for a period of five (5) years from the date of issuance and shall be substantially in the form of the form of Warrant hereto as Exhibit C.
Warrant Issuances. Subject to the satisfaction of the terms and condition of this Agreement, the Placement Agent will receive on the Closing Date warrants ("Convertible Warrants") to purchase 84,000 shares of Common Stock (the "Convertible Warrant Shares") at an exercise price equal to 110% of the Closing Bid Price (as reported by Bloomberg) on the day immediately preceding the Closing Date. The Warrants shall be exercisable for a period of five (5) years from the date of issuance and shall be substantially in the form of the form of Warrant hereto as Exhibit C.
Warrant Issuances. 30 Section 6.12
Warrant Issuances. Parent and the Investors agree that from and after the Closing, Company may issue debt to third parties with attached warrants to purchase an aggregate amount of the Company's Common Stock equal to up to five percent (5%) of the total outstanding shares of Common Stock of the Company, calculated on a fully diluted basis, at the time of such issuance.
Warrant Issuances. At the Initial Closing, the Company will issue to Buyer a Warrant duly executed on behalf of the Company, substantially in the form of Exhibit A attached hereto, to acquire the Warrant Shares at an exercise price per Warrant Share equal to the per share price for the Shares (subject to adjustment in the manner set forth in the Warrant), which Warrant may be exercised as follows: (i) during the twelve (12) month period commencing on the Initial Closing Date and ending on the date which is twelve (12) months after the Initial Closing Date (the "First Warrant Period"), Buyer shall be entitled to purchase up to the full amount of the Warrant Shares (i.e., 2,000,000 shares) at the Per Share Price; and (ii) during the period commencing twelve (12) months after the Initial Closing Date and ending twenty-four (24) months after the Initial Closing Date (the "Second Warrant Period"), and provided that Buyer acquired at least 1,000,000 of the Warrant Shares during the First Warrant Period, Buyer shall be entitled to purchase all Warrant Shares not purchased during the First Warrant Period.
Warrant Issuances. Subject to the following sentence, the Company shall issue to each Buyer, within five (5) business days after its receipt of a Conversion Notice (as defined in the Certificate of Designations) by such Buyer, a Warrant to acquire a number of shares of Common Stock equal to: (i) 25% of the Conversion Shares to be received by such Buyer upon such conversion if such Conversion Date (as defined in the Certificate of Designations) is on or after the 271st day after the Closing Date but before the 360th day after the Closing Date, (ii) 75% of the Conversion Shares to be received by such Buyer upon such conversion if such Conversion Date is on or after 361st day after the Closing Date but before the 450th day after the Closing Date, or (iii) 100% of the Conversion Shares to be received by such Buyer upon such conversion if such Conversion Date is on or after 451st day after the Closing Date, in each case, with an exercise price equal to the Fixed Conversion Price (as defined in the Certificate of Designations) in effect as of such Conversion Date, subject to adjustment as provided in the Warrant. The Company shall also issue to each Buyer, in the case of clauses (i), (ii) and (iii) below, not later than five (5) business days prior to any consummation of a Sale of the Company or, in the case of clause (iv) below, immediately upon a Redemption pursuant to Section 3(b) or 4 of the Certificate of Designations, a Warrant to acquire a number of shares of Common Stock equal to: (i) 50% of the Conversion Shares which such Buyer would be entitled to receive assuming conversion of all outstanding Series C Preferred Shares then held by such Buyer as of the fifth (5th) business day prior to any consummation of a Sale of the Company if the fifth (5th) business day prior to any consummation of a Sale of the Company is on or before the 360th day after the Closing Date, (ii) 75%of the Conversion Shares which such Buyer would be entitled to receive assuming conversion of all outstanding Series C Preferred Shares then held by such Buyer as of the fifth (5th) business day prior to any consummation of a Sale of the Company if the fifth (5th) business day prior to any consummation of a Sale of the Company is on or after 361st day after the Closing Date but before the 450th day after the Closing Date, (iii) 100%of the Conversion Shares which such Buyer would be entitled to receive assuming conversion of all outstanding Series C Preferred Shares then held by such Buyer as of the fifth ...
Warrant Issuances. As of the Effective Time and subject to the satisfaction (or waiver) of the conditions set forth in Section 5 and 6 below, the Company and the Holder hereby agree that each Holder and each Other Holder shall be issued Warrants, in substantially the form attached hereto as Exhibit B (the “Amendment Warrants”), representing the right to acquire 4 shares of Common Stock for each $10 aggregate principal amount of Notes to be amended and restated pursuant to this Agreement.
Warrant Issuances. As of the execution of this Amendment by each Purchaser, the Company shall deliver to each Purchaser an additional warrant to purchase 50% of each Purchaser’s Warrant Shares.
