Common use of Warrant; Purchase Price Clause in Contracts

Warrant; Purchase Price. This Warrant shall entitle the Holder initially to purchase shares of Common Stock of the Company as calculated above and the purchase price payable upon exercise of the Warrants shall be, (i) in the event of the closing of a Qualified Public Offering on or prior to the Five Month Date, the per share price of the Common Stock Offered in such Qualified Public Offering, (ii) in the event that such a Qualified Public Offering is not closed on or prior to the Five Month Date but a Qualified Private Placement is closed on or prior to the Five Month Date, the lowest per share price of the Common Stock offered in such Qualified Private Placement, or (iii) in the event that such Qualified Public Offering or Qualified Private Placement is not closed on or prior to the Five Month Date, $5.00 per share of Common Stock (each of (i), (ii) and (iii) the "Relevant Purchase Price" and together the "Relevant Purchase Prices"). The Relevant Purchase Price and number of shares of Common Stock issuable upon exercise of this Warrant are subject to adjustment as provided in Article 6. The shares of Common Stock issuable upon exercise of this Warrant (and/or other shares of common stock so issuable by reason of any adjustments pursuant to Article 6) are sometimes referred to herein as the "Warrant Shares." The aggregate purchase price for the shares of Common Stock of the Company to be received by the Holder hereof upon exercise of this Warrant shall be payable, at the option of the Holder, either (i) in cash in lawful money of the United States of America or by certified or cashier's check; or (ii) if such Holder is [Name of Holder], by cancellation, in whole or in part, of that certain $[Principal Amount of Note] Senior Secured Note issued to [Name of Holder] on [Month, Day] , 199_; or (iii) as otherwise provided herein.

Warrant; Purchase Price. This Warrant shall entitle the Holder initially to purchase shares of Common Stock of the Company as calculated above and the purchase price payable upon exercise of the Warrants shall be, (i) in the event of the closing of a Qualified Public Offering on or prior to the Five Month Date, the per share price of the Common Stock Offered in such Qualified Public Offering, (ii) in the event that such a Qualified Public Offering is not closed on or prior to the Five Month Date but a Qualified Private Placement is closed on or prior to the Five Month Date, the lowest per share price of the Common Stock offered in such Qualified Private Placement, or (iii) in the event that such Qualified Public Offering or Qualified Private Placement is not closed on or prior to the Five Month Date, $5.00 3.50 per share of Common Stock (each of (i), (ii) and (iii) the "Relevant Purchase Price" and together the "Relevant Purchase Prices"). The Relevant Purchase Price and number of shares of Common Stock issuable upon exercise of this Warrant are subject to adjustment as provided in Article 6. The shares of Common Stock issuable upon exercise of this Warrant (and/or other shares of common stock so issuable by reason of any adjustments pursuant to Article 6) are sometimes referred to herein as the "Warrant Shares." The aggregate purchase price for the shares of Common Stock of the Company to be received by the Holder hereof upon exercise of this Warrant shall be payable, at the option of the Holder, either (i) in cash in lawful money of the United States of America or by certified or cashier's check; or (ii) if such Holder is [Name of Holder], by cancellation, in whole or in part, of that certain $[Principal Amount of Note] Senior Secured Note issued to [Name of Holder] on [Month, Day] ], 199_; or (iii) as otherwise provided herein.

Warrant; Purchase Price. This Warrant shall entitle the Holder initially to purchase shares of Common Stock of the Company as calculated above and the purchase price payable upon exercise of the Warrants shall be, (i) in the event of the closing of a Qualified Public Offering on or prior to the Five Month Date, the per share price of the Common Stock Offered in such Qualified Public Offering, (ii) in the event that such a Qualified Public Offering is not closed on or prior to the Five Month Date but a Qualified Private Placement is closed on or prior to the Five Month Date, the lowest per share price of the Common Stock offered in such Qualified Private Placement, or (iii) in the event that such Qualified Public Offering or Qualified Private Placement is not closed on or prior to the Five Month Date, $5.00 3.00 per share of Common Stock (each of (i), (ii) and (iii) the "Relevant Purchase Price" and together the "Relevant Purchase Prices"). The Relevant Purchase Price and number of shares of Common Stock issuable upon exercise of this Warrant are subject to adjustment as provided in Article 6. The shares of Common Stock issuable upon exercise of this Warrant (and/or other shares of common stock so issuable by reason of any adjustments pursuant to Article 6) are sometimes referred to herein as the "Warrant Shares." The aggregate purchase price for the shares of Common Stock of the Company to be received by the Holder hereof upon exercise of this Warrant shall be payable, at the option of the Holder, either (i) in cash in lawful money of the United States of America or by certified or cashier's check; or (ii) if such Holder is [Name of Holder], by cancellation, in whole or in part, of that certain $[Principal Amount of Note] Senior Secured Note issued to [Name of Holder] on [Month, Day] ], 199_; or (iii) as otherwise provided herein.

Warrant; Purchase Price. This Warrant shall entitle the Holder initially to purchase shares of Common Stock of the Company as calculated above and the purchase price payable upon exercise of the Warrants shall be, (i) in the event of the closing of a Qualified Public Offering on or prior to the Five Month Date, the per share price of the Common Stock Offered in such Qualified Public Offering, (ii) in the event that such a Qualified Public Offering is not closed on or prior to the Five Month Date but a Qualified Private Placement is closed on or prior to the Five Month Date, the lowest per share price of the Common Stock offered in such Qualified Private Placement, or (iii) in the event that such Qualified Public Offering or Qualified Private Placement is not closed on or prior to the Five Month Date, $5.00 per share of Common Stock (each of (i), (ii) and (iii) the "Relevant Purchase Price" and together the "Relevant Purchase Prices"). The Relevant Purchase Price and number of shares of Common Stock issuable upon exercise of this Warrant are subject to adjustment as provided in Article 6. The shares of Common Stock issuable upon exercise of this Warrant (and/or other shares of common stock so issuable by reason of any adjustments pursuant to Article 6) are sometimes referred to herein as the "Warrant Shares." The aggregate purchase price for the shares of Common Stock of the Company to be received by the Holder hereof upon exercise of this Warrant shall be payable, at the option of the Holder, either (i) in cash in lawful money of the United States of America or by certified or cashier's check; or (ii) if such Holder is [Name of Holder]Xxxxxx Eblagon Leasing Ltd., by cancellation, in whole or in part, of that certain $[Principal Amount of Note] 500,000 Senior Secured Note issued to [Name of Holder] Xxxxxx Eblagon Leasing Ltd. on [Month, Day] , 199_1996; or (iii) as otherwise provided herein.

Warrant; Purchase Price. This Warrant shall entitle the Holder initially to purchase shares of Common Stock of the Company as calculated above and the purchase price payable upon exercise of the Warrants shall be, (i) in the event of the closing of a Qualified Public Offering on or prior to or on the Five Month Date, the per share price of the Common Stock Offered in such Qualified Public Offering, (ii) in the event that such a Qualified Public Offering is not closed on or prior to the Five Month Date but a Qualified Private Placement is closed on or prior to the Five Month Date, the lowest per share price of the Common Stock offered in such Qualified Private Placement, or (iii) in the event that such Qualified Public Offering or Qualified Private Placement is not closed on or prior to the Five Month Date, $5.00 per share of Common Stock (each of (i), (ii) and (iii) the "Relevant Purchase Price" and together the "Relevant Purchase Prices"). The Relevant Purchase Price and number of shares of Common Stock issuable upon exercise of this Warrant are subject to adjustment as provided in Article 6. The shares of Common Stock issuable upon exercise of this Warrant (and/or other shares of common stock so issuable by reason of any adjustments pursuant to Article 6) are sometimes referred to herein as the "Warrant Shares." The aggregate purchase price for the shares of Common Stock of the Company to be received by the Holder hereof upon exercise of this Warrant shall be payable, at the option of the Holder, either (i) in cash in lawful money of the United States of America or by certified or cashier's check; or (ii) if such Holder is [Name of Holder]Xxxxx & Company Incorporated, by cancellation, in whole or in part, of that certain $[Principal Amount of Note] 750,000 Senior Secured Note issued to [Name of Holder] Xxxxx & Company Incorporated on [MonthDecember 30, Day] , 199_1996; or (iii) as otherwise provided herein.