Examples of Prior SPA in a sentence
Each of the representations and warranties of the Company relating to the Warrants and Warrant Shares (as the term “Warrant Shares” is defined in the Prior SPA) in the Prior SPA is hereby expressly reaffirmed in its entirety as to the Retained Warrants, and is hereby incorporated by this reference into this Agreement, as applicable to the Retained Warrants.
Except for agreements entered into in connection with the Prior SPA, or as provided in the Transaction Documents, the Company is under no contractual obligation to register (now or in the future, whether contingent or not) under any applicable securities laws any of its presently outstanding securities or any of its securities that may subsequently be issued.
Except for agreements entered into in connection with the Prior SPA, or as provided in the Transaction Documents, there are no outstanding stockholder agreements, voting trusts, proxies or other arrangements or understandings among the stockholders of the Company or with the Company relating to the voting of their respective shares.
The U.S.$700,004.04 aggregate purchase price paid to the Company by the Purchaser in connection with the closing of the transactions contemplated by the Prior SPA less U.S.$4.04 which the Company will pay to Purchaser at the First Closing, shall constitute the aggregate purchase price hereunder of the Purchased Shares.
The Company estimates that if the maximum number of Shares and Warrants being offered in the Prospectus Supplement are sold, the aggregate number of shares of common stock that could purchased upon the exercise of the Prior SPA Warrants would increase by 36,763 shares and the exercise price would be reduced to $3.09 per share.
Each Purchaser that was a Purchaser pursuant that certain Securities Purchase Agreement between such Purchaser and the Company dated September 19, 2015 (the "Prior SPA") hereby waives, for purposes of this transaction only, the market standoff requirement set forth in Section 4.10(a) of such Prior SPA.
Anything in this Section 8 notwithstanding, so long as the Eligible Buyers (as defined in the Securities Purchase Agreement dated as of July 18, 2006 (the “ Prior SPA”), between the Company and the purchasers named therein) has the right of first refusal pursuant to Section 4.13 of the Prior SPA, the periods for offer, acceptance and sale of Refused Securities (as defined in the Prior SPA) shall apply to the issuance, offer, acceptance and sale of New Securities.
The Company has provided, through its Placement Agent, oral or written notice of the transactions contemplated by this Agreement to such Prior SPA investors, to which such participation rights apply, but the 10-day required notice period was not observed (such notice period would expire only after the expiration of the participation rights).
In the event that this Agreement is terminated prior to Closing, then neither this Agreement nor any of the other Transaction Documents will have any impact on the Prior SPA or the Transaction Documents (as defined in the Prior SPA).
In the event that this Agreement is terminated prior to Initial Closing, then neither this Agreement nor any of the other Transaction Documents will have any impact on the Prior SPA, Prior SEA or the Transaction Documents (as defined in the Prior SPA).