Examples of Series B-1 Warrant in a sentence
Notwithstanding the foregoing, no adjustment pursuant to this Section 2(b) shall occur with respect to any reduction in the exercise price of any Series B-1 Warrant or B-2 Warrant, as applicable, to an Adjustment Price (as defined in the applicable Series B-1 Warrant and/or Series B-2 Warrant) following an Adjustment Date (as defined in the applicable Series B-1 Warrant and/or Series B-2 Warrant).
Upon execution of this Agreement, Purchaser hereby agrees to and does purchase from Seller, and Seller hereby agrees to and does sell to Purchaser, one Series B-1 Warrant and one Series B-2 Warrant per the specifications set forth on the last page of this Agreement.
The purchase price of the Warrants ("Purchase Price") shall be the amount equal to the product of (a) the number of shares of Common Stock issuable on exercise of the Series B-1 Warrant multiplied by (b) Two Dollars and 25/100 ($2.25) Dollars.
Upon Seller's receipt of payment in full of the Purchase Price, Seller shall deliver to Purchaser the Series B-1 Warrant and the Series B-2 Warrant.
For the avoidance of doubt, any shares issued or issuable under the Series C warrant as a result of any Forced Exercise (as defined in the Series B-1 Warrant and the Series B-2 Warrant) shall not increase the number of Warrant Shares that may be purchased upon exercise of this Warrant.
Subject to the terms and conditions of this Agreement, the Company desires to issue and sell to Purchaser a warrant, in the form attached hereto as Exhibit A ("Series B-1 Warrant") that would permit the Purchaser to purchase that number of shares of the Company's common stock, $0.001 par value per share (the "Common Stock") specified on the last page of this Agreement at an exercise price of $0.001 per share for the term specified in the Series B-1 Warrant.
The Stockholder acknowledges that the Stockholder has received and reviewed a copy of the Securities Purchase Agreement and the other Transaction Agreements, including the form of Series A-1 Warrant and the form of Series B-1 Warrant.
The Company agrees to take all actions, including, without limitation, the issuance by its legal counsel of any necessary legal opinions, necessary to issue Amended and Restated Conversion Shares and Series B-1 Warrant Shares that are freely tradable on an Eligible Market (as defined in the Notes) without restriction and not containing any restrictive legend without the need for any action by the Investor.
The price per Pre-Funded Warrant and accompanying Series A-1 Warrant and Series B-1 Warrant is $1.369.
The Company shall be permitted to deliver only 1 Insert six month anniversary of initial Issuance Date for Series B-1 Warrant 2 Insert six month anniversary of initial Issuance Date for Series B-1 Warrant one Forced Exercise Notice hereunder.