SETTLEMENT AGREEMENTSettlement Agreement • March 17th, 2011 • Raser Technologies Inc • Electric services • New York
Vested and unvested warrants granted to Merrill Lynch, Pierce, Fenner & Smith Incorporated pursuant to a Commitment Letter between the Company and Merrill Lynch. Subject to vesting, these warrants give Merrill Lynch the right to purchase up to an aggregate of 3,700,000 shares of the Company’s common stock at current exercise prices ranging from $14.21 to $18.30 per share, subject to further adjustment pursuant to the anti-dilution provisions of such warrants.
