Common use of New Equity Clause in Contracts

New Equity. On the date of closing of a financing in which SOFTBANK Capital Partners LP and/or its affiliates purchase twenty million dollars ($20,000,000) of Webhire's Common Stock, at least one million five hundred thousand dollars ($1,500,000) of which is purchased by Yahoo (the "Softbank Financing"), Webhire shall issue to Yahoo a Warrant to purchase eighty-four thousand five hundred fifty nine (84,559) shares of Webhire's Common Stock at a per share purchase price of $4.95 (the "New Warrant"). The New Warrant shall be issued in the form of EXHIBIT A to this Amendment. The New Warrant will be issued in addition to the Warrant to purchase one hundred fourteen thousand six hundred fifty nine (114,659) shares of Webhire's Common Stock issued to Yahoo pursuant to Section 8.1 of the Agreement. If the Softbank Financing is not closed on or before October 29, 1999, Webhire's obligation to issue a warrant under this section will terminate and be without force or effect.