Warrant Purchase. Subject to the terms and conditions of this Agreement, in consideration for the Lender purchasing the Note at the Closing, the Company agrees to sell and issue to the Lender, and the Lender agrees to purchase from the Company, a duly executed warrant to purchase shares of the Company’s common stock (“Common Stock”), substantially in the form attached hereto as Exhibit B (the “Warrant”) exercisable for 250,000 shares of Common Stock (the “Warrant Stock”) at an exercise price per share as set forth in the Warrant.
Warrant Purchase. Subject to the terms and conditions of this Agreement, at the Initial Closing or any Additional Closing(s), as applicable, the Company agrees to sell and issue to each Lender, and each Lender severally agrees to purchase from the Company, a warrant to purchase shares of the Company’s common stock (“Common Stock”), in the form attached hereto as Exhibit B (each, individually, a “Warrant” and collectively, the “Warrants”), exercisable for the maximum number of shares of Common Stock (the “Warrant Stock”) as set forth in each Warrant at an exercise price per share as set forth in the Warrant. The purchase price for the Warrant shall be equal to one-hundredth of one percent (0.01%) of the Principal Amount of each Note purchased by such Lender hereunder, as set forth in the Schedule of Lenders.
Warrant Purchase. Consultant shall have the right to purchase ----------------- 3,000,000 shares of the Company's common shares at an exercise price of USD $.03 per share. Consultant's rights regarding these shares shall vest immediately upon execution of this Agreement.
Warrant Purchase. Substantially simultaneously with, but immediately following the IPO, each Holder shall irrevocably sell, transfer, convey, assign and deliver to TPB, and TPB shall purchase and accept from such Holder, all of such Holder’s right, title and interest in and to the Warrant set forth opposite such Holder’s name on Schedule 1 for the aggregate cash purchase price set forth opposite such Holder’s name on Schedule 1 (such purchase price being equal to $0.40 per Common Unit subject to such Warrant and the amount payable pursuant to Schedule 1 to any Holder in respect of such Holder’s Warrant is referred to herein as such Holder’s “Purchase Price”).
Warrant Purchase. Section 2.1 (a) of the Warrant Agreement is hereby amended to in its entirety to read as follows:
Warrant Purchase. 18 8.10. Spin-Off...................................................18 8.11. Subordination Agreement....................................18 IX. Agent...............................................................18
Warrant Purchase. If any party shall terminate this Agreement pursuant to Section 11.1(e) and the condition set forth in Section 2.14 shall not have been satisfied on or prior to the date notice of termination is given, each of the Purchasers shall have the right, by giving notice to GP not more than ten days after the date notice of termination is given, to elect to purchase the number of GP Warrants specified opposite such Purchaser's name in Schedule 1.2, at a purchase price for each such GP Warrant equal to $4.213, and not to purchase the Notes. Any Purchaser exercising such right shall also be entitled to receive NPDC Warrants under the circumstances and in the manner set forth in Section 1.4. If any Purchaser exercises such right, the parties agree to modify, as promptly as practical, this Agreement (including, without limitation, the corresponding terms and conditions with respect to closing deliveries, payments, covenants, and indemnities), the GP Warrants, the NPDC Warrants, the GP Registration Rights Agreement, the NPDC Registration Rights Agreement, and the Indemnity Agreement to the extent necessary to effectuate such transaction.
Warrant Purchase. For each Negotiated Redemption the Company makes pursuant to the Note as amended above, the Company agrees to simultaneously purchase and the Holders agree to simultaneously sell a number of their Warrants (pro rata across the Series A, B & C Warrants) equal to the Negotiated Redemption Percentage multiplied by the number of each Series of Warrant held. As to each Holder, the purchase price for all Series of Warrants purchased in the aggregate pursuant hereto shall be an amount equal to 5% of the Redeemed Principal multiplied by such Holder’s pro rata share of the aggregate principal of the Notes. By way of illustration only, if the Company redeemed 50% of an aggregate outstanding principal amount of the Notes of $12,000,000 for a payment of $4,320,000 (72% of $6,000,000), then the Company would simultaneously purchase 50% of each of the Series A, B & C Warrants for an amount equal to 5% of $6,000,000 or $300,000. Any purchase price for Warrants due hereunder shall be due and payable by the Company to the respective Holders concurrently with the payment of the Negotiated Redemption price that triggers such Warrant purchase. Provided further, that to the extent any Negotiated Redemption is due in Common Stock, the Warrant purchase price shall also be due in Common Stock.
Warrant Purchase. Contemporaneous with the execution of this Agreement, the Company shall issue to each Initial Holder a Warrant in the form attached hereto as EXHIBIT A, which Warrants, evidence the Initial Holders' right to purchase at the Exercise Price up to 959,700 shares in the aggregate of the Company's common stock, no par value. Notwithstanding anything to the contrary set forth in the Note Purchase Agreement, the parties agree to allocate $14,999,999.00 in the aggregate to the Notes and $1.00 in the aggregate to the Warrants for all tax and reporting purposes.
Warrant Purchase. Contemporaneously with the execution of this Agreement, the Company shall issue to the Initial Holder Warrants in the form attached hereto as Exhibit A, evidencing the Initial Holder's right to purchase 2,199 shares of Class D Common Stock at the Exercise Price per share.
