Warrant Share. A = the aggregate fair market value of the Pre-Converted Warrant Shares at the time the Conversion Right is elected pursuant to this Section 4(d) (i.e., Fair Market Value (as defined below) per Warrant Share x Pre-Converted Warrant Shares).
Warrant Share. The Warrant Price and the number of Warrant Shares which the Warrantholder is entitled to purchase is subject to adjustment upon the occurrence of the contingencies set forth in Section 3 of this Warrant, and as adjusted from time to time, such purchase price is hereinafter referred to as the "Warrant Price." This Warrant is subject to the following terms and conditions:
Warrant Share for each Warrant after the Issue Date and prior to the Expiry Time and in accordance with the conditions herein.
Warrant Share. The Warrant shall expire twenty-four months (24) months after the date of this Agreement and shall be exercisable at $0.30 per share of Common Stock for a period of one year, commencing one year after the date of this Agreement. In other words, the term of the Warrants is two years and they are not exercisable for the first twelve months after the date of this Agreement.
Warrant Share. The Exercise Price shall be subject to adjustment from time to time pursuant to the provisions of Section 5 hereof.
Warrant Share. B = The Purchase Price (as adjusted to the date of such calculations). A facsimile signature of the Registered Holder on the Purchase Form shall be sufficient for purposes of exercising this Warrant.
Warrant Share. Each Warrant not exercised during the period set forth above shall become void, and all rights thereunder and all rights in respect thereof under this Agreement shall cease, at the end of such period. For purposes of this Agreement, the term "Business Day" means any day of the week other than a Saturday, Sunday or a day which in the City of New York or in the city in which the principal office of the Company is located shall be a legal holiday or a day on which banking institutions are authorized or required by law to close.
Warrant Share. The number of Warrant Shares granted hereunder shall be subject to adjustment upon the occurrence of certain terms and conditions of this Warrant, all as set forth below.
Warrant Share. The Warrant Subscription is conditional upon several conditions as set out in the paragraph headed “Conditions of the Warrant Subscription” in the section headed “The Warrant Subscription Agreement” in this announcement. The aggregate of the Warrant Issue Price of HK$0.05 per Warrant and the Warrant Subscription Price of HK$0.81 per Share, i.e. HK$0.86, represented (i) the same as the closing price of HK$0.86 per Share quoted on the Stock Exchange on the Last Trading Day; (ii) a premium of approximately 9.41% over the average closing prices of HK$0.786 per Share for the last five (5) trading days for the Shares prior to and including the Last Trading Day; and (iii) a premium of approximately 9.55% over the average closing prices of HK$0.785 per Share for the last ten (10) trading days for the Shares prior to and including the Last Trading Day. The Company will apply to the GEM Listing Committee for the listing of, and permission to deal in, the Warrant Shares which may fall to be allotted and issued upon exercise of the subscription rights attaching to the Warrants. No listing of the Warrants will be sought on the Stock Exchange or any other stock exchanges. The Subscriber is solely and beneficially owned by Xx. Xxx Xxxx Xxxxxx, Xxxxxx, the chairman of the Company and an executive Director. Accordingly, the Subscriber is a connected person of the Company and the Warrant Subscription constitutes a non-exempt connected transaction for the Company under the GEM Listing Rules and is subject to reporting, announcement and Independent Shareholders’ approval requirements. The Directors have confirmed that no Shareholder is interested in the Warrant Subscription.
