WARRANTS FOR COMMON STOCK. In the event that GECAS shall elect to be paid the Restructuring Fee in whole or in part by a warrant or warrants for Common Stock (THE "WARRANT"), such Warrant shall be substantially in the form attached hereto as Exhibit I and shall otherwise be reasonably acceptable to GECAS. The Warrant shall be issued by Lessee to GECAS on the request of GECAS and shall comply with the following terms and conditions: (a) the Warrant shall not require the payment of any additional amounts by GECAS or the Lessors to the Lessee; (b) the number of shares of Common Stock issuable pursuant to the Warrant shall equal the amount of the Restructuring Fee elected by GECAS to be paid in Warrants divided by the selling price of the Common Stock in the IPO or PPO, net of underwriting discounts, commissions and expenses; (c) the holder of such Warrant shall be granted "piggy-back" registration rights, (d) the Warrant shall be exercisable for a period of five years after its date of issuance and (e) shall otherwise be on terms and conditions mutually satisfactory to Lessor and Lessee.
WARRANTS FOR COMMON STOCK. Within ten (10) days after the closing of a Development Project, the Company shall issue to Consultant a cashless warrant with a five-year term to purchase eighteen million (18,000,000) shares of the Company’s common stock at an exercise price of $0.10 per share. The number of shares issued subject to the warrant and the exercise price shall be adjusted by the Company in the event of any stock split, recapitalization, merger or other event affecting the capitalization of the Company so that Consultant is entitled upon the exercise of the warrant to the same pro-rata percentage of shares at the time of the stock issue as that represented by the warrant prior to the event requiring the adjustment. In no event shall Consultant be entitled to more than one such warrant under this Agreement, regardless of how many closings of Development Projects or other similar events occur.
WARRANTS FOR COMMON STOCK. Following consummation of the transactions contemplated by the Asset Purchase Agreement and issuance of shares of common stock as contemplated by the Recitals to this Agreement, V Tech Holding will also issue warrants to purchase additional shares of Common Stock (the "Warrants") to the Persons, and in the respective amounts, specified on SCHEDULE A hereto. The purchase price for each Warrant shall be Zero Dollars ($0.00). Each Warrant will entitle a Person to purchase the number of shares of Common Stock represented thereby at a price of $2.00 per share. The Warrants wi1 be exercisable by any Person at any time during the period commencing on the closing date of the transactions contemplated by the Asset Purchase Agreement (the "Closing Date") and ending on, the date which is eighteen (18) months following the Closing Date. The Warrants will set forth additional terms and conditions of exercise.
WARRANTS FOR COMMON STOCK. The Warrant Exchange shall take place on the date specified in the notice or if the date the notice is received by the Company is later than the date specified in the notice, on the date the notice is received by the Company.
