Examples of Fixed Exercise Price in a sentence
If the Company shall fail to prepare and file the Registration Statement (as defined in the Registration Rights Agreement) within forty-five (45) days of the date hereof, then the Fixed Exercise Price shall be reduced to $0.01 per Warrant Share.
The Fixed Exercise Price shall thereafter be subject to further adjustment for any events described in Article VII.
For example, if warrants to purchase 10,000 shares of Common Stock are issued in connection with the Exempt Issuance at a conversion price of $0.10, then a total of 10,000 of the shares of Common Stock otherwise issuable to each of the holders of warrants issued in connection with the Purchase Agreement (including, without limitation, the Holder) at the exercise price provided for herein shall have a Fixed Exercise Price of $0.10.
If, at any time on or after the Closing Date, the number of outstanding shares of Common Stock is increased by a stock split, stock dividend, combination, reclassification or other similar event, the Fixed Exercise Price shall be proportionately reduced, or if the number of outstanding shares of Common Stock is decreased by a reverse stock split, combination or reclassification of shares, or other similar event, the Fixed Exercise Price shall be proportionately increased.
If there shall occur an Exercise Default of the type described in clause (y) of Article IV.A., then the Fixed Exercise Price with respect to any exercise thereafter shall be the lowest Exercise Price in effect at any time during the period beginning on, and including, the date of the occurrence of such Exercise Default through and including the Default Cure Date.