Xxxxxxx Warrants. Concurrently with the Closing (unless any Party is a Failing Investor, except if a Closing Investor elects to pursue its rights under clause (b) of Section 6.3(a) and all Requisite Documents have been received and are in full force and effect at or prior to the Closing), Xxxxxxx Energy and HoldCo shall enter into that certain Warrant Agreement in the form attached hereto as Annex E in order to issue a warrant on the Closing Date, exercisable for a total of 6,500,000 shares of Xxxxxxx Common Stock, to HoldCo with a strike price of $10 per share (the “Warrants”).
Xxxxxxx Warrants. In addition to the prior grant of a warrant to purchase 20,000 shares of common stock of WGHI at an exercise price of $4.05 per share, post reverse, pursuant to Paragraph 5 of the Settlement Agreement, WGHI hereby grants to Xxxxxxx an additional warrant to purchase 25,000 shares of common stock of WGHI at an exercise price of %5.00 per share. Said additional warrant shall expire on January 23, 1998 and must be exercised no later than said date.
Xxxxxxx Warrants. The Xxxxxxx Warrants shall have been issued to Xxxxxxx Securities, Inc. and Xxxx X. Xxxxxxx.
Xxxxxxx Warrants. The Parent Xxxxxxx Warrants shall have been issued to Xxxxxxx and Xxxxxxx.
Xxxxxxx Warrants. As of the date hereof, the Company is obligated to issue 75,326 shares of Company Common Stock pursuant to the Xxxxxxx Warrants (as defined in Section 2.2 hereof) at an exercise price of $1.50 per share. At least 15 days prior to the Effective Time of the Merger, the Company shall provide to the holder of the Xxxxxxx Warrants the notice required pursuant to Section "e" of the Xxxxxxx Warrant Agreement (as defined in Section 2.2 hereof). By virtue of the provisions of the Xxxxxxx Warrant Agreement, upon consummation of the Merger, each outstanding Xxxxxxx Warrant shall be converted, without any action by the holder thereof, into the right to receive, upon exercise thereof pursuant to the terms of the Xxxxxxx Warrant and the Xxxxxxx Warrant Agreement, an amount of cash equal to the Purchase Price in lieu of each share of Company Common Stock deliverable upon such exercise.
Xxxxxxx Warrants. Indemnification Agreements with Directors designated by the Purchasers.
Xxxxxxx Warrants. “Xxxxxxx Warrants” shall mean Unit purchase warrants issued by the Company to Xxxxxxx Securities, exercisable to purchase 65,000 Units (i.e., 65,000 shares of Company Common Stock and 32,500 Company Investor Warrants).
Xxxxxxx Warrants. At each Closing of a Financing, the Client shall issue Xxxxxxx and or its designee(s) warrants (the "Xxxxxxx Warrants") equal to 10% (ten percent) of the Securities sold in the Offering, including any Common Shares issued or issuable (the "Xxxxxxx Warrant Shares"). The Xxxxxxx Warrants shall have an exercise price equal to the lowest price per share of the shares or warrants issued or issuable to Investors in the Offering (the "Investor Warrants"). The Xxxxxxx Warrants will contain normal and customary provisions for dilution protection, cashless exercise and registration rights in respect of the Xxxxxxx Warrant Shares, all to be the same as provided for in respect of the Securities issued in the Offering with the exception that the Xxxxxxx Warrants shall have cashless exercise provisions even if the Investor Warrants do not.
Xxxxxxx Warrants confirms and undertakes that he is entitled to enter into this Agreement and to assume all the obligations pursuant hereto; that there is no contractual or other impediment to his entering into this Agreement and to his engagement by the Company for the provision of the Services; that no consents, approval or authorization of any other party is required as condition to execution by Xx. Xxxxxxx of this Agreement or the performance by Xx. Xxxxxxx of the Services; and that in entering into this Agreement he is not in breach or conflict of or with any other agreement or obligation to which he is or was a party. Xx. Xxxxxxx confirms that the terms and conditions hereof are not inconsistent or in breach of Xx. Xxxxxxx’x obligations to third parties. Xx. Xxxxxxx warrants that nothing in this Agreement or in the performance of the Services will cause Xx. Xxxxxxx to be in default under, or in breach of, any agreement requiring Xx. Xxxxxxx to preserve the confidentiality of any information, trade secrets or other proprietary information of a third party.
Xxxxxxx Warrants. Upon the commencement date of the Initial Term of this Agreement, Company shall grant to Consultant Ten Million (10,000,000) warrants to purchase subordinate voting shares of Company with a strike price set at a Twenty-Five Per Cent (25%) premium of the 10-day volume weighted average price (“VWAP”) of Company’s subordinated voting shares prior to the Effective Date. Such warrants shall be issued to Consultant with a five (5) year term to exercise, shall not be registered with the United States Securities Exchange Commission or any Canadian provincial securities commission, and shall not be assignable except as set forth in the warrant certificate.
