Consideration Warrants. Immediately prior to the Effective Time, and subject to compliance by the Securityholder with the terms of this Agreement, the Company shall issue to the Securityholder 100,000 Common Share purchase warrants of the Company (the “Consideration Warrants”). Each Consideration Warrant shall entitle the holder thereof to acquire one Common Share of the Company at $0.05 per Common Share for three years from the date of issuance. The Company shall issue the Consideration Warrants to the Securityholder, as registered in the name and amounts set out in Schedule C or as directed by the Securityholder.
Consideration Warrants. The Consideration Warrants to be issued to the 132 Securityholders will, when issued in accordance with the terms of this Agreement, be duly authorized and approved, and upon such due exercise and issuance, such GSU Shares be issued as fully paid and non-assessable common shares in the capital of the Company.
Consideration Warrants. As of the Closing Time, the Consideration Warrants will have been duly authorized and validly created and issued by the Purchaser and the common shares to be issued pursuant to the exercise in whole or in part of the Consideration Warrants will have been duly and validly created, reserved, allotted and authorized to be issued as fully paid and non-assessable common shares upon due exercise of the Consideration Warrants and receipt by the Purchaser of full payment therefor;
Consideration Warrants. By the execution hereof, RSIS irrevocably agrees to grant, sell and convey unto KING warrants to purchase 750,000 shares of RSI's common stock, $0.01 par value per share at the exercise price of $0.70 per share (Warrants). All such Warrants shall be issued within ten (10) days of the Closing Date. Once such Warrant is issued, it shall not be subject to cancellation for any reason whatsoever. All Warrants shall be identical in form and substance to the Warrant, attached hereto as Exhibit "A," with the exception of the number of shares and the date of issue.
Consideration Warrants. In Paragraph 1 of the LOI the amount of Consideration Warrants shall be increased from 500,000 to 800,000. For purposes of clarification, such Consideration Warrants are the warrants currently issued to ABN AMRO Bank N.V. by the Company. The third sentence of Paragraph 1 shall be deleted in its entirety and restated as follows: “After the date hereof but prior to the Closing (hereafter defined), the prior written consent of the Company shall be required in the event the Purchaser desires to issue shares of common stock or other securities convertible into common stock. The Company acknowledges the shares of common stock and convertible securities issued and outstanding as of the date hereof, include 50,000 shares of common stock to be issued to the Purchaser’s transfer agent, and shares of common stock issuable upon the exercise of the Series A Convertible Preferred Stock, the Series B Convertible Preferred Stock and 96,000 warrants.”
Consideration Warrants. In consideration for the covenants, releases and other undertakings set forth in this Agreement, the Maker shall issue to the Holder, no later than March 25, 2009, a Class C Warrant exercisable to purchase 7,500,000 Common Shares at US$0.07 per share, expiring March 21, 2014, in substantially the form attached hereto as Exhibit D (the “Consideration Warrant Certificate”).
Consideration Warrants. In consideration for the Amendment, Waiver and Consent, the Company hereby agrees to issue to each of the Purchasers five-year warrants to purchase the same number of warrants that were issued to each Purchaser pursuant to the Purchase Agreement (for warrants to purchase an aggregate of 1,800,000 shares of Common Stock to all Purchasers) at an exercise price per share of $2.55 (the “Waiver Warrants”). The form of the Waiver Warrant is attached hereto as Exhibit A.
