Common Contracts
2 similar Warrant Agreement contracts by MOVING iMAGE TECHNOLOGIES INC.
WARRANT TO PURCHASE STOCKWarrant Agreement • July 13th, 2021 • MOVING iMAGE TECHNOLOGIES INC. • Photographic equipment & supplies • California
This Warrant is being issued to Holder in connection with that certain Loan Agreement by and between Holder and Moving iMage Technologies, LLC, predecessor to the Company, dated as of October 28, 2019 and as amended from time to time (the “Loan Agreement”). The initial number of Shares issuable upon exercise of this Warrant is equal to $350,000 (the “Warrant Coverage Amount”) divided by the Warrant Price.
WARRANT TO PURCHASE STOCKWarrant Agreement • February 21st, 2020 • MOVING iMAGE TECHNOLOGIES INC. • Photographic equipment & supplies • California
This Warrant is being issued to Holder in connection with that certain Loan Agreement by and between Holder and Moving Image Technologies, LLC, predecessor to the Company, dated as of [_____, 2019] (the “Closing Date”) and as amended from time to time (the “Loan Agreement”). The initial number of Shares issuable upon exercise of this Warrant is equal to $250,000 (the “Warrant Coverage Amount”) divided by the Warrant Price. In addition to the foregoing, upon the occurrence of an Event of Default (as defined in the Loan Agreement), the Warrant Coverage Amount shall increase by 10% on the date of such Event of Default, and further increased on the 30th day following such Event of Default and on each 30th day thereafter (each, a “Measurement Date”) by an additional 15% of the Warrant Coverage Amount then in effect on such Measurement Date (in compounding fashion), until the Event of Default is cured and waived in writing by Lender (as defined in the Loan Agreement).
