{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "notwithstanding-any-other-provision", "type": "clause", "offset": [0, 35]}, {"key": "exercise-of", "type": "clause", "offset": [50, 61]}, {"key": "this-warrant", "type": "clause", "offset": [77, 89]}, {"key": "in-connection-with", "type": "clause", "offset": [104, 122]}, {"key": "public-offering", "type": "definition", "offset": [125, 140]}, {"key": "sale-of-the-company", "type": "definition", "offset": [146, 165]}, {"key": "pursuant-to-a", "type": "definition", "offset": [167, 180]}, {"key": "sale-of-stock", "type": "definition", "offset": [189, 202]}, {"key": "election-of", "type": "clause", "offset": [244, 255]}, {"key": "the-holder", "type": "clause", "offset": [256, 266]}, {"key": "be-conditioned", "type": "clause", "offset": [267, 281]}, {"key": "consummation-of", "type": "clause", "offset": [291, 306]}, {"key": "prior-to-the", "type": "clause", "offset": [407, 419]}], "samples": [{"hash": "kfCzlwlxo31", 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the notice of exercise.", "hash": "3d7ec76faf4992f71fe7f7b7126f8f8c", "id": 2}, {"snippet_links": [{"key": "the-holder-of-this", "type": "definition", "offset": [0, 18]}, {"key": "right-to-submit", "type": "clause", "offset": [42, 57]}, {"key": "exercise-of-this-warrant", "type": "clause", "offset": [70, 94]}, {"key": "acquisition-of-the-company", "type": "clause", "offset": [116, 142]}, {"key": "no-further-force-or-effect", "type": "clause", "offset": [267, 293]}, {"key": "the-fair-market-value", "type": "clause", "offset": [320, 341]}, {"key": "for-the-purposes-of", "type": "clause", "offset": [342, 361]}, {"key": "section-b", "type": "definition", "offset": [362, 371]}, {"key": "the-value", "type": "clause", "offset": [388, 397]}, {"key": "consideration-payable", "type": "definition", "offset": [405, 426]}, {"key": "holders-of", "type": "clause", "offset": [446, 456]}, {"key": "common-stock", "type": "clause", "offset": [471, 483]}], "samples": [{"hash": "kADGPnFLQWv", "uri": "/contracts/kADGPnFLQWv#conditional-exercise", "label": "Warrant to Purchase Shares (Recom Managed Systems Inc De/)", "score": 19.0, "published": true}, {"hash": "h2k6J8GGOsM", "uri": "/contracts/h2k6J8GGOsM#conditional-exercise", "label": "Warrant Agreement (Signalife, Inc.)", "score": 19.0, "published": true}, {"hash": "gH0IdT6kNrt", "uri": "/contracts/gH0IdT6kNrt#conditional-exercise", "label": "Warrant to Purchase Shares (Signalife, Inc.)", "score": 19.0, "published": true}], "size": 14, "snippet": "The Holder of this Warrant shall have the right to submit a notice of exercise of this Warrant conditional upon the acquisition of the Company. If such transaction upon which such exercise is conditioned is not consummated, such notice of exercise shall be deemed of no further force or effect. For the purposes hereof, the Fair Market Value for the purposes of Section B hereto shall be the value of the consideration payable or issuable to the holders of the Company's Common Stock.", "hash": "1ec715abc9813e7a8f8af48416b3469a", "id": 4}, {"snippet_links": [{"key": "in-case-of", "type": "clause", "offset": [0, 10]}, {"key": "in-connection-with", "type": "clause", "offset": [28, 46]}, {"key": "public-offering", "type": "definition", "offset": [49, 64]}, {"key": "the-company-shares", "type": "clause", "offset": [68, 86]}, {"key": "pursuant-to", "type": "clause", "offset": [87, 98]}, {"key": "statement-under", "type": "clause", "offset": [125, 140]}, {"key": "the-securities-act", "type": "clause", "offset": [141, 159]}, {"key": "the-laws", "type": "definition", "offset": [192, 200]}, {"key": "another-jurisdiction", "type": "definition", "offset": [204, 224]}, {"key": "liquidity-event", "type": "clause", "offset": [231, 246]}, {"key": "upon-the-closing", "type": "clause", "offset": [305, 321]}], "samples": [{"hash": "d6l230GeMfi", "uri": "/contracts/d6l230GeMfi#conditional-exercise", "label": "Securities Agreement (Retalix LTD)", "score": 19.4517459869, "published": true}, {"hash": "ljW3BH46LWM", "uri": "/contracts/ljW3BH46LWM#conditional-exercise", "label": "Warrant Agreement (Lumenis LTD)", "score": 18.0, "published": true}, {"hash": "lSN7Uz2VIOs", "uri": "/contracts/lSN7Uz2VIOs#conditional-exercise", "label": "Warrant Agreement (Lumenis LTD)", "score": 18.0, "published": true}], "size": 12, "snippet": "In case of an exercise made in connection with a public offering of the Company Shares pursuant to an effective registration statement under the Securities Act or the equivalent actions under the laws of another jurisdiction, or a Liquidity Event (as defined below), such exercise may be made conditional upon the closing of such offering or event.", "hash": "84ae1cd99b97330eb3f7d96c5ed73ffa", "id": 5}, {"snippet_links": [{"key": "notwithstanding-any-other-provision", "type": "clause", "offset": [0, 35]}, {"key": "exercise-of-this-warrant", "type": "clause", "offset": [50, 74]}, {"key": "in-connection-with", "type": "clause", "offset": [89, 107]}, {"key": "election-of", "type": "clause", "offset": [149, 160]}, {"key": "be-conditioned", "type": "clause", "offset": [168, 182]}, {"key": "consummation-of", "type": "clause", "offset": [192, 207]}, {"key": "prior-to-the", "type": "clause", "offset": [308, 320]}], "samples": [{"hash": "5U1xhpGGQHJ", "uri": "/contracts/5U1xhpGGQHJ#conditional-exercise", "label": "Warrant Agreement (Biodelivery Sciences International Inc)", "score": 24.5236148834, "published": true}, {"hash": "iM6DMFasfdp", "uri": "/contracts/iM6DMFasfdp#conditional-exercise", "label": "Warrant Agreement (Navidea Biopharmaceuticals, Inc.)", "score": 24.4880218506, "published": true}, {"hash": "2mgu8PM3Aoi", "uri": "/contracts/2mgu8PM3Aoi#conditional-exercise", "label": "Warrant Agreement (Navidea Biopharmaceuticals, Inc.)", "score": 24.4880218506, "published": true}], "size": 11, "snippet": "Notwithstanding any other provision hereof, if an exercise of this Warrant is to be made in connection with an Acquisition, such exercise may at the election of Holder be conditioned upon the consummation of such Acquisition, in which case such exercise shall not be deemed to be effective until immediately prior to the consummation of such Acquisition.", "hash": "f0b6da6254d408193ccf7ce798981c30", "id": 6}, {"snippet_links": [{"key": "pursuant-to-section", "type": "definition", "offset": [31, 50]}, {"key": "the-applicable", "type": "clause", "offset": [92, 106]}], "samples": [{"hash": "9ZJLc9Gnsga", "uri": "/contracts/9ZJLc9Gnsga#conditional-exercise", "label": "Warrant Agreement (Powin Corp)", "score": 22.2847366333, "published": true}, {"hash": "4IzL9n95pcW", "uri": "/contracts/4IzL9n95pcW#conditional-exercise", "label": "Warrant Agreement (Powin Corp)", "score": 22.2847366333, "published": true}], "size": 10, "snippet": "Is this a conditional exercise pursuant to Section 2(e)? Yes ____ No ___ If \u201cYes,\u201d indicate the applicable condition: _____________________________________________________________________________________", "hash": "3be555f15b3692d050739db69a7db538", "id": 7}, {"snippet_links": [{"key": "this-warrant", "type": "clause", "offset": [3, 15]}, {"key": "the-context", "type": "clause", "offset": [32, 43]}, {"key": "deemed-liquidation", "type": "definition", "offset": [57, 75]}, {"key": "the-closing", "type": "clause", "offset": [127, 138]}, {"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [164, 190]}, {"key": "the-holder", "type": "clause", "offset": [301, 311]}, {"key": "the-company", "type": "clause", "offset": [332, 343]}], "samples": [{"hash": "aF1xsuLb2j6", "uri": "/contracts/aF1xsuLb2j6#conditional-exercise", "label": "Warrant Agreement (PolyPid Ltd.)", "score": 28.4257354736, "published": true}, {"hash": "4qreADgTEOt", "uri": "/contracts/4qreADgTEOt#conditional-exercise", "label": "Warrant Agreement (PolyPid Ltd.)", "score": 28.1464748383, "published": true}, {"hash": "1cRoRvjPTPQ", "uri": "/contracts/1cRoRvjPTPQ#conditional-exercise", "label": "Warrant Agreement (PolyPid Ltd.)", "score": 26.1040382385, "published": true}], "size": 7, "snippet": "If this Warrant is exercised in the context of an IPO or Deemed Liquidation, then such exercise shall be deemed conditional on the closing of such transaction, and for the avoidance of doubt, if such transaction does not close, then this Warrant shall not be considered exercised at such time (unless the Holder explicitly notifies the Company otherwise).", "hash": "0b004d2521af847db6c6e851f476e3f1", "id": 8}, {"snippet_links": [{"key": "in-connection-with", "type": "clause", "offset": [0, 18]}, {"key": "all-or-substantially-all", "type": "clause", "offset": [29, 53]}, {"key": "merger-or-consolidation-of-the-company", "type": "clause", "offset": [99, 137]}, {"key": "person-or-entity", "type": "definition", "offset": [160, 176]}, {"key": "the-initial-public-offering", "type": "clause", "offset": [180, 207]}, {"key": "completion-of", "type": "definition", "offset": [280, 293]}, {"key": "to-provide", "type": "clause", "offset": [335, 345]}, {"key": "notice-to-the-holder", "type": "clause", "offset": [360, 380]}, {"key": "relevant-information", "type": "definition", "offset": [413, 433]}, {"key": "prior-to", "type": "definition", "offset": [460, 468]}, {"key": "subject-to", "type": "definition", "offset": [480, 490]}, {"key": "a-non", "type": "clause", "offset": [504, 509]}, {"key": "disclosure-agreement", "type": "definition", "offset": [510, 530]}, {"key": "with-respect-to", "type": "clause", "offset": [531, 546]}, {"key": "nonpublic-information", "type": "definition", "offset": [551, 572]}], "samples": [{"hash": "hEM2ALrxfoS", "uri": "/contracts/hEM2ALrxfoS#conditional-exercise", "label": "Warrant Agreement (PV Nano Cell, Ltd.)", "score": 29.3661880493, "published": true}, {"hash": "b9h7hkSaQ5q", "uri": "/contracts/b9h7hkSaQ5q#conditional-exercise", "label": "Warrant Agreement (PV Nano Cell, Ltd.)", "score": 29.3661880493, "published": true}, {"hash": "lbhmvhGMfBB", "uri": "/contracts/lbhmvhGMfBB#conditional-exercise", "label": "Warrant Agreement (GTRIMG Investments Ltd.)", "score": 28.8131408691, "published": true}], "size": 6, "snippet": "In connection with a sale of all or substantially all of the Company\u2019s assets or shares to, or the merger or consolidation of the Company with or into, another person or entity or the initial public offering of the Company\u2019s shares, such exercise may be made conditional upon the completion of such transaction. The Company undertakes to provide prior written notice to the Holder of any such event detailing all relevant information at least thirty (30) days prior to such event subject to execution of a non-disclosure agreement with respect to any nonpublic information.", "hash": "aa0c44855235520210453cc9725ba0ce", "id": 10}], "next_curs": "Cl0SV2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjkLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ih1jb25kaXRpb25hbC1leGVyY2lzZSMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"parents": [["miscellaneous", "Miscellaneous"], ["exercise-of-warrant", "Exercise of Warrant"], ["exercise-of-the-warrant", "Exercise of the Warrant"], ["entire-agreement", "Entire Agreement"], ["exercise", "Exercise"]], "title": "Conditional Exercise", "size": 464, "children": [["reservation-of-shares", "Reservation of Shares"], ["ownership-cap", "Ownership Cap"], ["certificate-as-to-adjustment", "Certificate as to Adjustment"], ["rule-144-compliance", "Rule 144 Compliance"], ["adjustment-to-number-of-warrant-shares-upon-certain-dividends-etc", "Adjustment to Number of Warrant Shares Upon Certain Dividends, etc"]], "id": "conditional-exercise", "related": [["conditions-to-exercise", "Conditions to Exercise", "Conditions to Exercise"], ["conditions-of-exercise", "Conditions of Exercise", "Conditions of Exercise"], ["notice-to-allow-exercise-by-h\u2587\u2587\u2587\u2587\u2587", "Notice to Allow Exercise by H\u2587\u2587\u2587\u2587\u2587", "Notice to Allow Exercise by H\u2587\u2587\u2587\u2587\u2587"], ["full-exercise", "Full Exercise", "Full Exercise"], ["notice-to-allow-exercise-by-\u2587\u2587\u2587\u2587\u2587\u2587", "Notice to Allow Exercise by \u2587\u2587\u2587\u2587\u2587\u2587", "Notice to Allow Exercise by \u2587\u2587\u2587\u2587\u2587\u2587"]], "related_snippets": [], "updated": "2026-02-22T04:40:59+00:00", "also_ask": ["What conditions should be mandatory to protect our interests in a conditional exercise clause?", "How can we structure the clause to maximize leverage during negotiations?", "What are the most common enforceability challenges for conditional exercise provisions in court?", "How does this clause compare to unconditional exercise clauses in terms of risk allocation?", "What drafting pitfalls could render a conditional exercise clause unenforceable or ineffective?"], "drafting_tip": "Specify triggering conditions precisely to prevent disputes, require written notice of exercise to ensure clarity, and set time limits for action to avoid uncertainty.", "explanation": "A Conditional Exercise clause defines the circumstances under which a party may exercise a particular right or option, but only if certain specified conditions are met. In practice, this means that the right\u2014such as extending a contract, purchasing additional goods, or triggering a payment\u2014becomes available only after predefined events occur or criteria are satisfied, such as achieving performance milestones or obtaining regulatory approval. This clause ensures that rights are not exercised prematurely or inappropriately, thereby protecting both parties by tying the exercise of important options to objective, agreed-upon conditions."}, "json": true, "cursor": ""}}