Examples of Warrant Common Shares in a sentence
The Company understands and acknowledges that the number of Conversion Shares and Warrant Common Shares will increase in certain circumstances.
In the event that such sale, assignment or transfer involves Conversion Shares or Warrant Common Shares sold, assigned or transferred pursuant to an effective registration statement or in compliance with Rule 144, the transfer agent shall issue such shares to such Buyer, assignee or transferee (as the case may be) without any restrictive legend in accordance with Section 5(d) below.
Concurrently with the issuance of this Warrant, the Company and Warrant Holder are entering into a separate agreement pursuant to which Holders are granted certain rights to register Warrant Common Shares under the Securities Act of 1933, as amended.
The Company shall honor exercises of the Preferred Warrants and Common Warrants and conversions of the Preferred Shares and shall deliver the Conversion Shares, Warrant Preferred Shares and Warrant Common Shares in accordance with the terms, conditions and time periods set forth in the Certificate of Designations, Preferred Warrants and Common Warrants, respectively.
Upon the Effective Date, the Warrant Common Shares will have been duly authorized and reserved for issuance upon exercise of the Warrants in accordance with the terms and conditions of this Agreement and the Warrants, and upon such issuance will be fully paid and nonassessable and free from all taxes, liens and charges with respect to the issue thereof.
The Exercise Price and number of Warrant Common Shares issuable upon exercise of this Common Warrant are subject to adjustment from time to time as set forth in this Section 2.
In the event that the Holder has elected a Cash Exercise with respect to some or all of the Warrant Common Shares to be issued pursuant hereto, the Holder shall pay the Aggregate Exercise Price in the sum of $___________________ to the Company in accordance with the terms of the Common Warrant.
The purchase price for (1) the Common Shares to be purchased by the Buyer is $0.15 per share and (2) the purchase price for the Warrant Common Shares to be purchased by the Buyer upon exercise of the Warrants is $0.30 per share.
The Company will pay all taxes, if any, attributable to the transfer and/or issuance of the Warrants, the Warrant Shares and the Warrant Common Shares.
This Warrant may be exercised by an assignee for the purchase of Warrant Common Shares without having a new Warrant issued upon evidence satisfactory to the Company that such assignee is the true owner of this Warrant.