{"component": "clause", "props": {"groups": [{"snippet": "The form of Notice of Exercise included in the Warrants set forth the totality of the procedures required of the Purchasers in order to exercise the Warrants. No additional legal opinion, other information or instructions shall be required of the Purchasers to exercise their Warrants. Without limiting the preceding sentences, no ink-original Notice of Exercise shall be required, nor shall any medallion guarantee (or other type of guarantee or notarization) of any Notice of Exercise form be required in order to exercise the Warrants. The Company shall honor exercises of the Warrants and shall deliver Warrant Shares in accordance with the terms, conditions and time periods set forth in the Transaction Documents.", "size": 2363, "snippet_links": [{"key": "form-of-notice-of-exercise", "type": "clause", "offset": [4, 30]}, {"key": "the-warrants", "type": "clause", "offset": [43, 55]}, {"key": "procedures-required", "type": "clause", "offset": [86, 105]}, {"key": "of-the-purchasers", "type": "clause", "offset": [106, 123]}, {"key": "to-exercise", "type": "clause", "offset": [133, 144]}, {"key": "no-additional", "type": "clause", "offset": [159, 172]}, {"key": "legal-opinion", "type": "definition", "offset": [173, 186]}, {"key": "other-information", "type": "definition", "offset": [188, 205]}, {"key": "instructions-shall", "type": "definition", "offset": [209, 227]}, {"key": "without-limiting-the", "type": "clause", "offset": [286, 306]}, {"key": "original-notice", "type": "definition", "offset": [335, 350]}, {"key": "medallion-guarantee", "type": "clause", "offset": [396, 415]}, {"key": "type-of-guarantee", "type": "clause", "offset": [426, 443]}, {"key": "notice-of-exercise-form", "type": "clause", "offset": [468, 491]}, {"key": "the-company-shall", "type": "clause", "offset": [539, 556]}, {"key": "warrant-shares", "type": "clause", "offset": [607, 621]}, {"key": "in-accordance-with", "type": "definition", "offset": [622, 640]}, {"key": "the-terms", "type": "clause", "offset": [641, 650]}, {"key": "time-periods", "type": "definition", "offset": [667, 679]}, {"key": "the-transaction-documents", "type": "clause", "offset": [693, 718]}], "samples": [{"hash": "hMHGut2buhV", "uri": "/contracts/hMHGut2buhV#exercise-procedures", "label": "Securities Purchase Agreement (Real Messenger Corp)", "score": 37.4353182752, "published": true}, {"hash": "d3y71WzIgV9", "uri": "/contracts/d3y71WzIgV9#exercise-procedures", "label": "Securities Purchase Agreement (Bluejay Diagnostics, Inc.)", "score": 37.4325790405, "published": true}, {"hash": "4KhhbKfUtaT", "uri": "/contracts/4KhhbKfUtaT#exercise-procedures", "label": "Securities Purchase Agreement (Intercont (Cayman) LTD)", "score": 37.4325790405, "published": true}], "hash": "cf77d3e6e894656ac6946b32fd89b0e7", "id": 1}, {"snippet": "The form of Notice of Exercise included in the Pre-Funded Warrants set forth the totality of the procedures required of the Purchasers in order to exercise the Pre-Funded Warrants. No additional legal opinion, other information or instructions shall be required of the Purchasers to exercise their Pre-Funded Warrants. Without limiting the preceding sentences, no ink-original Notice of Exercise shall be required, nor shall any medallion guarantee (or other type of guarantee or notarization) of any Notice of Exercise form be required in order to exercise the Pre-Funded Warrants. The Company shall honor exercises of the Pre-Funded Warrants and shall deliver Pre-Funded Warrant Shares in accordance with the terms, conditions and time periods set forth in the Transaction Documents.", "size": 282, "snippet_links": [{"key": "form-of-notice-of-exercise", "type": "clause", "offset": [4, 30]}, {"key": "the-pre", "type": "clause", "offset": [43, 50]}, {"key": "funded-warrants", "type": "clause", "offset": [51, 66]}, {"key": "procedures-required", "type": "clause", "offset": [97, 116]}, {"key": "of-the-purchasers", "type": "clause", "offset": [117, 134]}, {"key": "to-exercise", "type": "clause", "offset": [144, 155]}, {"key": "no-additional", "type": "clause", "offset": [181, 194]}, {"key": "legal-opinion", "type": "definition", "offset": [195, 208]}, {"key": "other-information", "type": "definition", "offset": [210, 227]}, {"key": "instructions-shall", "type": "definition", "offset": [231, 249]}, {"key": "without-limiting-the", "type": "clause", "offset": [319, 339]}, {"key": "original-notice", "type": "definition", "offset": [368, 383]}, {"key": "medallion-guarantee", "type": "clause", "offset": [429, 448]}, {"key": "type-of-guarantee", "type": "clause", "offset": [459, 476]}, {"key": "notice-of-exercise-form", "type": "clause", "offset": [501, 524]}, {"key": "the-company-shall", "type": "clause", "offset": [583, 600]}, {"key": "warrant-shares", "type": "clause", "offset": [673, 687]}, {"key": "in-accordance-with", "type": "definition", "offset": [688, 706]}, {"key": "the-terms", "type": "clause", "offset": [707, 716]}, {"key": "time-periods", "type": "definition", "offset": [733, 745]}, {"key": "the-transaction-documents", "type": "clause", "offset": [759, 784]}], "samples": [{"hash": "bwqOydMqSjH", "uri": "/contracts/bwqOydMqSjH#exercise-procedures", "label": "Securities Purchase Agreement (Rani Therapeutics Holdings, Inc.)", "score": 37.3997268677, "published": true}, {"hash": "iJfoSY2lC0f", "uri": "/contracts/iJfoSY2lC0f#exercise-procedures", "label": "Securities Purchase Agreement (Ideal Power Inc.)", "score": 37.3750839233, "published": true}, {"hash": "3uLcTLlB4VY", "uri": "/contracts/3uLcTLlB4VY#exercise-procedures", "label": "Securities Purchase Agreement (HUHUTECH International Group Inc.)", "score": 37.2628326416, "published": true}], "hash": "47301644285b47787e46ceceb014e5e4", "id": 2}, {"snippet": "The form of Notice of Exercise included in the Warrants set forth the totality of the procedures required of the Purchasers in order to exercise the Warrants. No additional legal opinion or other information or instructions shall be required of the Purchasers to exercise their Warrants. The Company shall honor exercises of the Warrants and shall deliver Warrant Shares in accordance with the terms, conditions and time periods set forth in the Transaction Documents.", "size": 162, "snippet_links": [{"key": "form-of-notice-of-exercise", "type": "clause", "offset": [4, 30]}, {"key": "the-warrants", "type": "clause", "offset": [43, 55]}, {"key": "procedures-required", "type": "clause", "offset": [86, 105]}, {"key": "of-the-purchasers", "type": "clause", "offset": [106, 123]}, {"key": "to-exercise", "type": "clause", "offset": [133, 144]}, {"key": "no-additional", "type": "clause", "offset": [159, 172]}, {"key": "legal-opinion", "type": "definition", "offset": [173, 186]}, {"key": "other-information", "type": "definition", "offset": [190, 207]}, {"key": "instructions-shall", "type": "definition", "offset": [211, 229]}, {"key": "the-company-shall", "type": "clause", "offset": [288, 305]}, {"key": "warrant-shares", "type": "clause", "offset": [356, 370]}, {"key": "in-accordance-with", "type": "definition", "offset": [371, 389]}, {"key": "the-terms", "type": "clause", "offset": [390, 399]}, {"key": "time-periods", "type": "definition", "offset": [416, 428]}, {"key": "the-transaction-documents", "type": "clause", "offset": [442, 467]}], "samples": [{"hash": "ll7zMEowFxM", "uri": "/contracts/ll7zMEowFxM#exercise-procedures", "label": "Securities Purchase Agreement (Intellicell Biosciences, Inc.)", "score": 23.143737793, "published": true}, {"hash": "4ceXR45FfJP", "uri": "/contracts/4ceXR45FfJP#exercise-procedures", "label": "Securities Purchase Agreement (Voiceserve Inc)", "score": 22.5249824524, "published": true}, {"hash": "xrO5UONW5t", "uri": "/contracts/xrO5UONW5t#exercise-procedures", "label": "Securities Purchase Agreement (Voiceserve Inc)", "score": 22.3579730988, "published": true}], "hash": "e7e4218a6e09911a6a500e6baa613666", "id": 3}, {"snippet": "(a) Subject to the terms and conditions hereof, this Warrant may be exercised by the Holder hereof then registered on the books of the Company, pro rata as hereinafter provided, at any time on any business day on or after the opening of business on such business day, commencing on the Vesting Date, and prior to 11:59 P.M. Eastern Time on the Expiration Date, by (i) delivery, in the manner provided in Section 13 hereof, of (a) a written notice, in the form attached as Exhibit A hereto (the \u201cExercise Form\u201d), of such Holder\u2019s election to exercise this Warrant, which notice shall specify the number of Warrant Shares to be purchased, and (b) this Warrant (or an indemnification undertaking with respect to this Warrant in the case of its loss, theft or destruction, and (ii) payment by wire transfer of immediately available funds or by certified or official bank check payable to the order of the Company of an amount equal to the Warrant Exercise Price(s) applicable to the Warrant Shares being purchased, multiplied by the number of Warrant Shares (at the applicable Warrant Exercise Price) as to which this Warrant is being exercised (plus any applicable issue or transfer taxes) (the \u201cAggregate Exercise Price\u201d). In the event of any exercise of the rights represented by this Warrant in compliance with this Section 1.2 or in compliance with Section 1.3 below, the Company shall on the third (3rd) business day following the date of receipt by it of each of the Exercise Form, this Warrant (or an indemnification undertaking with respect to this Warrant in the case of its loss, theft or destruction) and the Aggregate Exercise Price (together, the \u201cExercise Delivery Documents\u201d) either: \u00b7 if the Common Stock is DTC eligible, credit such aggregate number of shares of Common Stock to which the Holder shall be entitled to the Holder\u2019s or its designee\u2019s balance account with The Depository Trust Company; or \u00b7 if the Holder who submitted the Exercise Form requested physical delivery of any or all of the Warrant Shares, or, if the Common Stock is not DTC eligible, issue and surrender to a common carrier for overnight delivery to the address specified in the Exercise Form, a certificate, registered in the name of the Holder or its designee, for the number of shares of Common Stock to which the Holder shall be entitled pursuant to such request. Upon delivery of the Exercise Delivery Documents, the Holder of this Warrant shall be deemed for all corporate purposes to have become the holder of record of the Warrant Shares with respect to which this Warrant has been exercised. In the case of a dispute as to the determination of the Warrant Exercise Price or the arithmetic calculation of the number of Warrant Shares, the Company shall promptly issue to the Holder the number of Warrant Shares that is not disputed and shall submit the disputed determinations or arithmetic calculations to the Holder via facsimile within three (3) business day of receipt of the Holder\u2019s Exercise Form. If the Holder and the Company are unable to agree upon the determination of the Warrant Exercise Price or arithmetic calculation of the number of Warrant Shares within three (3) business day of such disputed determination or arithmetic calculation being submitted to the Holder, then the Company shall immediately submit via facsimile (i) the disputed determination of the Warrant Exercise Price to an independent, reputable investment banking firm or (ii) the disputed arithmetic calculation of the number of Warrant Shares to its independent, outside accountant. The Company shall cause such investment banking firm or the accountant, as the case may be, to perform the determinations or calculations and notify the Company and the Holder of the results no later than forty-eight (48) hours from the time it receives the disputed determinations or calculations. Such investment banking firm\u2019s or accountant\u2019s determination or calculation, as the case may be, shall be deemed conclusive absent manifest error.\n(b) If within five (5) business days after the Company's receipt of the Exercise Delivery Documents the Company shall fail to issue and deliver a certificate to the Holder and register such shares of Common Stock on the Company's share register or credit the Holder's balance account with DTC for the number of shares of Common Stock to which the Holder is entitled upon the Holder's exercise hereunder, and if on or after such fifth (5th) business day the Holder purchases (in an open market transaction or otherwise) the number of shares of Common Stock issuable upon such exercise that the Holder anticipated receiving from the Company (a \"Buy-In\"), then the Company shall, within five (5) business days after the Holder's request and in the Holder's discretion, either (i) pay cash to the Holder in an amount equal to the Holder's total purchase price (including brokerage commissions, if any) for the shares of Common Stock so purchased (the \"Buy-In Price\"), at which point the Company's obligation to deliver such certificate (and to issue such Warrant Shares) shall terminate, or (ii) promptly honor its obligation to deliver to the Holder a certificate or certificates representing such Warrant Shares.", "size": 143, "snippet_links": [{"key": "the-terms-and-conditions", "type": "definition", "offset": [15, 39]}, {"key": "this-warrant", "type": "clause", "offset": [48, 60]}, {"key": "by-the-holder", "type": "clause", "offset": [78, 91]}, {"key": "books-of-the-company", "type": "clause", "offset": [122, 142]}, {"key": "pro-rata", "type": "clause", "offset": [144, 152]}, {"key": "at-any-time", "type": "clause", "offset": [178, 189]}, {"key": "any-business", "type": "definition", "offset": [193, 205]}, {"key": "commencing-on-the", "type": "clause", "offset": [268, 285]}, {"key": "vesting-date", "type": "definition", 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Inc.)", "score": 19.7474327087, "published": true}, {"hash": "lH2yyHGSlJs", "uri": "/contracts/lH2yyHGSlJs#exercise-procedures", "label": "Warrant Agreement (Kingold Jewelry, Inc.)", "score": 19.7474327087, "published": true}, {"hash": "kzKfspCe0F9", "uri": "/contracts/kzKfspCe0F9#exercise-procedures", "label": "Warrant Agreement (Kingold Jewelry, Inc.)", "score": 19.7474327087, "published": true}], "hash": "074e064fd0713b88560101eca11da0c8", "id": 4}, {"snippet": "(a) Subject to the provisions of Sections 2 and 3 above, the Grantee may exercise part or all of the exercisable Option by giving the Company written notice of intent to exercise in the manner provided in this Agreement, specifying the number of Shares as to which the Option is to be exercised. At such time as the Committee shall determine, the Grantee shall pay the exercise price (i) in cash, (ii) with the approval of the Committee, by delivering Shares, which shall be valued at their Fair Market Value (as defined in the Plan) on the date of delivery, or by attestation (on a form prescribed by the Committee) to ownership of Shares having a Fair Market Value on the date of exercise equal to the exercise price, (iii) by payment through a broker in accordance with procedures permitted by Regulation T of the Federal Reserve Board, or (iv) by such other method as the Committee may approve, to the extent permitted by applicable law. The Committee may impose from time to time such limitations as it deems appropriate on the use of Shares to exercise the Option.\n(b) The obligation of the Company to deliver Shares upon exercise of the Option shall be subject to all applicable laws, rules, and regulations and such approvals by governmental agencies as may be deemed appropriate by the Committee, including such actions as Company counsel shall deem necessary or appropriate to comply with relevant securities laws and regulations. The Company may require that the Grantee (or other person exercising the Option after the Grantee\u2019s death) represent that the Grantee is purchasing Shares for the Grantee\u2019s own account and not with a view to or for sale in connection with any distribution of the Shares, or such other representation as the Committee deems appropriate.\n(c) All obligations of the Company under this Agreement shall be subject to the rights of the Company as set forth in the Plan to withhold amounts required to be withheld for any taxes, if applicable. 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No additional legal opinion, other information or instructions shall be required of the Purchasers to exercise their Warrants and Prefunded Warrants. Without limiting the preceding sentences, no ink-original Notice of Exercise shall be required, nor shall any medallion guarantee (or other type of guarantee or notarization) of any Notice of Exercise form be required in order to exercise the Warrants and Prefunded Warrants. 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No legal opinion or other information or instructions shall be required of the Buyers to exercise their Warrants. The Company shall honor exercises of the Warrants and shall deliver the Warrant Shares in accordance with the terms, conditions and time periods set forth in the Warrants. Without limiting the preceding sentences, no ink-original Exercise Notice shall be required, nor shall any medallion guarantee (or other type of guarantee or notarization) of any Exercise Notice form be required in order to exercise the Warrants.", "size": 44, "snippet_links": [{"key": "form-of-exercise-notice", "type": "clause", "offset": [4, 27]}, {"key": "the-warrants", "type": "clause", "offset": [43, 55]}, {"key": "procedures-required", "type": "clause", "offset": [113, 132]}, {"key": "the-buyers", "type": "definition", "offset": [136, 146]}, {"key": "to-exercise", "type": "clause", "offset": [156, 167]}, {"key": "no-legal-opinion", "type": "clause", "offset": [182, 198]}, {"key": "other-information", "type": "definition", "offset": [202, 219]}, {"key": "instructions-shall", "type": "definition", "offset": [223, 241]}, {"key": "the-company-shall", "type": "clause", "offset": [296, 313]}, {"key": "the-warrant-shares", "type": "clause", "offset": [364, 382]}, {"key": "in-accordance-with", "type": "definition", "offset": [383, 401]}, {"key": "the-terms", "type": "clause", "offset": [402, 411]}, {"key": "time-periods", "type": "definition", "offset": [428, 440]}, {"key": "without-limiting-the", "type": "clause", "offset": [468, 488]}, {"key": "medallion-guarantee", "type": "clause", "offset": [575, 594]}, {"key": "type-of-guarantee", "type": "clause", "offset": [605, 622]}, {"key": "notice-form", "type": "clause", "offset": [656, 667]}], "samples": [{"hash": "lPSHaLJ9ODW", "uri": "/contracts/lPSHaLJ9ODW#exercise-procedures", "label": "Securities Purchase Agreement (Ondas Holdings Inc.)", "score": 37.0301170349, "published": true}, {"hash": "jtaXwFYGINm", "uri": "/contracts/jtaXwFYGINm#exercise-procedures", "label": "Securities Purchase Agreement (Tantech Holdings LTD)", "score": 36.811088562, "published": true}, {"hash": "aeaSfDjZXUl", "uri": "/contracts/aeaSfDjZXUl#exercise-procedures", "label": "Securities Purchase Agreement (Nxu, Inc.)", "score": 35.986995697, "published": true}], "hash": "815e4a864f1f54246be2845971456360", "id": 7}, {"snippet": "The form of Notice of Exercise included in the Warrants and the Pre-Funded Warrants set forth the totality of the procedures required of the Purchasers in order to exercise the Warrants and the Pre-Funded Warrants, respectively. No additional legal opinion, other information or instructions shall be required of the Purchasers to exercise their Warrants and Pre-Funded Warrants. Without limiting the preceding sentences, no ink-original Notice of Exercise shall be required, nor shall any medallion guarantee (or other type of guarantee or notarization) of any Notice of Exercise form be required in order to exercise the Warrants. The Company shall honor exercises of the Warrants and Pre-Funded Warrants and shall deliver Warrant Shares and Pre-Funded Warrant Shares, as applicable, in accordance with the terms, conditions and time periods set forth in the Transaction Documents.", "size": 42, "snippet_links": [{"key": "form-of-notice-of-exercise", "type": "clause", "offset": [4, 30]}, {"key": "the-warrants", "type": "clause", "offset": [43, 55]}, {"key": "the-pre", "type": "clause", "offset": [60, 67]}, {"key": "funded-warrants", "type": "clause", "offset": [68, 83]}, {"key": "procedures-required", "type": "clause", "offset": [114, 133]}, {"key": "of-the-purchasers", "type": "clause", "offset": [134, 151]}, {"key": "to-exercise", "type": "clause", "offset": [161, 172]}, {"key": "no-additional", "type": "clause", "offset": [229, 242]}, {"key": "legal-opinion", "type": "definition", "offset": [243, 256]}, {"key": "other-information", "type": "definition", "offset": [258, 275]}, {"key": "instructions-shall", "type": "definition", "offset": [279, 297]}, {"key": "without-limiting-the", "type": "clause", "offset": [380, 400]}, {"key": "original-notice", "type": "definition", "offset": [429, 444]}, {"key": "medallion-guarantee", "type": "clause", "offset": [490, 509]}, {"key": "type-of-guarantee", "type": "clause", "offset": [520, 537]}, {"key": "notice-of-exercise-form", "type": "clause", "offset": [562, 585]}, {"key": "the-company-shall", "type": "clause", "offset": [633, 650]}, {"key": "warrant-shares", "type": "clause", "offset": [725, 739]}, {"key": "in-accordance-with", "type": "definition", "offset": [786, 804]}, {"key": "the-terms", "type": "clause", "offset": [805, 814]}, {"key": "time-periods", "type": "definition", "offset": [831, 843]}, {"key": "the-transaction-documents", "type": "clause", "offset": [857, 882]}], "samples": [{"hash": "imYSPLYUfIN", "uri": "/contracts/imYSPLYUfIN#exercise-procedures", "label": "Securities Purchase Agreement (Globus Maritime LTD)", "score": 32.4880218506, "published": true}, {"hash": "fxLwH69cSzx", "uri": "/contracts/fxLwH69cSzx#exercise-procedures", "label": "Securities Purchase Agreement (Globus Maritime LTD)", "score": 32.126625061, "published": true}, {"hash": "8rVs7K66DOt", "uri": "/contracts/8rVs7K66DOt#exercise-procedures", "label": "Securities Purchase Agreement (Globus Maritime LTD)", "score": 32.0746078491, "published": true}], "hash": "e1ff5cfc1e543b847edffafd3dc5a95f", "id": 8}, {"snippet": "The form of Notice of Exercise included in the Common Warrants set forth the totality of the procedures required of the Purchasers in order to exercise the Common Warrants. No additional legal opinion, other information or instructions shall be required of the Purchasers to exercise their Common Warrants. Without limiting the preceding sentences, no ink-original Notice of Exercise shall be required, nor shall any medallion guarantee (or other type of guarantee or notarization) of any Notice of Exercise form be required in order to exercise the Common Warrants. The Company shall honor exercises of the Common Warrants and shall deliver Common Warrant Shares in accordance with the terms, conditions and time periods set forth in the Transaction Documents.", "size": 32, "snippet_links": [{"key": "form-of-notice-of-exercise", "type": "clause", "offset": [4, 30]}, {"key": "common-warrants", "type": "clause", "offset": [47, 62]}, {"key": "procedures-required", "type": "clause", "offset": [93, 112]}, {"key": "of-the-purchasers", "type": "clause", "offset": [113, 130]}, {"key": "to-exercise", "type": "clause", "offset": [140, 151]}, {"key": "no-additional", "type": "clause", "offset": [173, 186]}, {"key": "legal-opinion", "type": "definition", "offset": [187, 200]}, {"key": "other-information", "type": "definition", "offset": [202, 219]}, {"key": "instructions-shall", "type": "definition", "offset": [223, 241]}, {"key": "without-limiting-the", "type": "clause", "offset": [307, 327]}, {"key": "original-notice", "type": "definition", "offset": [356, 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"exercise-procedures", "related": [["exercise-procedure", "Exercise Procedure", "Exercise Procedure"], ["conversion-and-exercise-procedures", "Conversion and Exercise Procedures", "Conversion and <strong>Exercise Procedures</strong>"], ["exchange-procedures", "Exchange Procedures", "Exchange Procedures"], ["impasse-procedures", "Impasse Procedures", "Impasse Procedures"], ["issuance-procedures", "Issuance Procedures", "Issuance Procedures"]], "related_snippets": [], "updated": "2026-06-11T05:32:51+00:00", "also_ask": ["What are the minimum procedural safeguards to ensure valid exercise under this clause?", "How can the exercise procedures be leveraged or limited in negotiation to benefit my client?", "What are the most common drafting omissions that render exercise procedures unenforceable?", "How do these exercise procedures compare to industry standards or statutory requirements?", "What evidentiary hurdles might arise in court when proving compliance with the exercise procedures?"], "drafting_tip": "Specify notice requirements and timelines to ensure clarity; define acceptable methods of exercise to prevent disputes; require written confirmation to create a clear record.", "explanation": "The Exercise Procedures clause outlines the specific steps and requirements that a party must follow to exercise a right or option granted under the agreement, such as purchasing shares or triggering a contractual provision. Typically, this clause details the method of notification, any forms or documentation required, and relevant deadlines or timeframes for valid exercise. By clearly defining the process, the clause ensures that both parties understand how and when rights can be exercised, thereby reducing the risk of disputes or misunderstandings regarding the execution of contractual options."}, "json": true, "cursor": ""}}