Option to Purchase Shares of Common Stock Sample Clauses

Option to Purchase Shares of Common Stock. Within [ten] days after the expiration of the Adjustment Period (as defined in Section 6 above), the Subscriber (or any designee of the Subscriber) shall have a one-time option, exercisable in its sole discretion, to purchase up to nine million (9,000,000) shares of the Company's Common Stock at the Discounted Purchase Price (as defined below) (the "Purchase Option"). The Subscriber or its designee may exercise the Purchase Option by delivering a notice of such exercise to the Company within [ten] days after the expiration of the Adjustment Period (the "Exercise Notice"). The Exercise Notice shall set forth (i) the number of shares of Common Stock being purchased by the Subscriber, (ii) the calculation, in reasonable detail, of the Discounted Purchase Price and (iii) the purchase price to be paid. Upon the Company's receipt of the Exercise Notice, there shall be a closing for the sale of such shares of Common Stock as provided in Section 10.B. The Purchase Option shall expire immediately after [ten] days after the expiration of the Adjustment Period. If the Subscriber or its designee exercises the Purchase Option to purchase at least five million (5,000,000) shares of Common Stock, then the Subscriber or its designee shall be entitled to appoint one (1) member to the Company's Board of Directors.
Sample 1
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Option to Purchase Shares of Common Stock. IntelliCell hereby grants to Xxxxxxx the option to purchase Two Hundred Thirty-Three Thousand Three Hundred and Thirty-Three Shares (233,333) of common stock of IntelliCell at a price of fifteen cents ($0.15) per share. The grant date of this option shall be the date of execution of this Settlement Agreement, and the option shall be deemed fully vested and exercisable on the grant date. This option may be exercised in whole or in part at one time or from time to time. This option shall be exercised by giving notice to IntelliCell (or a brokerage firm designated or approved by IntelliCell), stating the number of shares of common stock which Xxxxxxx is exercising, accompanied by payment in full for such common stock at a price of $0.15 per share. Payment may be made, in whole or in part, by cash, check or wire transfer. This option shall expire five (5) years from the date of execution of this Settlement Agreement. This option may be assigned, sold, or transferred by Xxxxxxx, in whole or in part, to any person. This option shall survive the death of Xxxxxxx and shall inure to the benefit of his heirs, estate, executors, personal representatives, and trustees.
Sample 1
Option to Purchase Shares of Common Stock. Each Purchaser shall have the option to purchase 10,000 shares of the Common Stock for every $50,000 in principal amount initially held by the Purchaser on the date of issue of the Debenture at a purchase price of $2.75 per share (the "Option"). If a Purchaser transfers all or part of its Debenture to a subsequent Debentureholder ("a Subsequent Debentureholder"), all or a portion of the Option shall automatically be transferred to the Subsequent Debentureholder in the same proportion as the principal amount transferred to the Subsequent Debentureholder bears to the initial principal amount of the Debenture; provided that, in no case shall the aggregate number of shares of Common Stock issuable upon exercise of the Option by the Purchaser and any Subsequent Debentureholder(s) be greater than the number of shares of Common Stock issuable upon exercise of the Option on the original date of issuance of the Debenture. The Option may be exercisable by the Purchaser or any Subsequent Debentureholder in whole or in part from time to time at any time, but shall expire on the Maturity Date. The purchase price of such option shall be adjusted as provided in Section 6.05.
Sample 1
Option to Purchase Shares of Common Stock. Subject to obtaining the consents set forth in Section 10 below, at any time prior to the Maturity Date, the Lender may, at its option (the “Option”), and pursuant to written instructions provided to the Company, acquire the number of shares of common stock (the “Common Stock”) of the Company equal to (x) the entire outstanding principal balance of the Loan plus(y) the amount of any accrued interest due under this Loan, as of the date of exercise of the Option, divided by (z) the Exercise Price (as defined below), in exchange for the cancellation of such outstanding obligations of the Company to the Lender. If the Company does not have sufficient shares of authorized common stock to issue common stock for the accrued interest, then within three months after the Lender exercises the Option, the Company will take such actions as are necessary to increase its authorized shares of common stock and issue such additional shares of common stock as are necessary to allow the Lender to obtain common stock for the accrued interest due to the Lender pursuant to the terms of this Agreement (including interest accrued after the Lender exercise the Option until such time as the Company satisfies its obligations hereunder). If the Company is unable to issue shares of its common stock for the accrued interest, it will pay the amount of the accrued interest in cash to the Lender. Notwithstanding anything to the contrary herein, the Company agrees that it will maintain enough authorized shares of common stock to issue common stock to the Lender in exchange for the cancellation of the entire outstanding principal balance of the Loan.
Sample 1

Related to Option to Purchase Shares of Common Stock

  • Option to Purchase Shares The Company hereby grants to the Optionee an Option (the “Option”), pursuant to the Plan, to purchase up to ________________ (___________) shares of the Company’s common stock (the “Stock”). The Option Price for each share of Stock shall be ____________________Dollars and ______________ Cents ($______), which is acknowledged to be 100% of the Fair Market Value of each share of Stock as of the date hereof. The Option shall be exercisable for the number of shares of Stock and during the specific exercise periods (“Exercise Period(s)”) set forth in the following table: Number of Shares Exercise Period _______________________ (___________) Shares ________________1 through ______________

  • Purchase of Shares of Common Stock Each Purchase Contract shall, unless an Early Settlement has occurred in accordance with Section 5.9 hereof, obligate the Holder of the related Security to purchase, and the Company to sell, on the Purchase Contract Settlement Date at a price equal to the Stated Amount (the "Purchase Price"), a number of newly issued shares of Common Stock equal to the Settlement Rate unless, on or prior to the Purchase Contract Settlement Date, there shall have occurred a Termination Event with respect to the Security of which such Purchase Contract is a part. The "Settlement Rate" is equal to:

  • Purchase of Common Shares The Purchaser shall have accepted for payment and paid for Common Shares in an amount sufficient to meet the Minimum Condition and otherwise pursuant to the Offer in accordance with the terms hereof.

  • PURCHASE OF COMMON STOCK Subject to the terms and conditions set forth in this Agreement, the Company has the right to sell to the Investor, and the Investor has the obligation to purchase from the Company, Purchase Shares as follows:

  • Shares of Common Stock The Company shall have duly reserved the number of Underlying Shares required by this Agreement and the Transaction Documents to be reserved upon the exercise of the Warrants or the conversion of the shares of Preferred Stock acquired by the Purchaser on the First Closing Date;

  • Conditions to Purchase of Option Shares In the event that the Underwriters exercise their option provided in Section 3(b) hereof to purchase all or any portion of the Option Shares, the representations and warranties of the Company contained herein and the statements in any certificates furnished by the Company hereunder shall be true and correct as of each Date of Delivery and, at the relevant Date of Delivery, the Representative shall have received:

  • Issuance of Shares of Common Stock As soon as practicable after the exercise of any Warrant and the clearance of the funds in payment of the Warrant Price (if any), the Company shall issue to the registered holder of such Warrant a certificate or certificates, or book entry position, for the number of shares of Common Stock to which he, she or it is entitled, registered in such name or names as may be directed by him, her or it, and if such Warrant shall not have been exercised in full, a new countersigned Warrant, or book entry position, for the number of shares as to which such Warrant shall not have been exercised. Notwithstanding the foregoing, in no event will the Company be required to net cash settle the Warrant exercise. No Warrant shall be exercisable for cash and the Company shall not be obligated to issue shares of Common Stock upon exercise of a Warrant unless the Common Stock issuable upon such Warrant exercise has been registered, qualified or deemed to be exempt under the securities laws of the state of residence of the registered holder of the Warrants. In the event that the condition in the immediately preceding sentence is not satisfied with respect to a Warrant, the holder of such Warrant shall not be entitled to exercise such Warrant for cash and such Warrant may have no value and expire worthless, in which case the purchaser of a Unit containing such Public Warrants shall have paid the full purchase price for the Unit solely for the shares of Common Stock underlying such Unit. Warrants may not be exercised by, or securities issued to, any registered holder in any state in which such exercise would be unlawful.

  • Adjustment of Exercise Price, Number of Shares of Common Stock or Number of the Company Warrants The Exercise Price, the number of shares covered by each Warrant and the number of Warrants outstanding are subject to adjustment from time to time as provided in Section 3 of the Warrant Certificate. In the event that at any time, as a result of an adjustment made pursuant to Section 3 of the Warrant Certificate, the Holder of any Warrant thereafter exercised shall become entitled to receive any shares of capital stock of the Company other than shares of Common Stock, thereafter the number of such other shares so receivable upon exercise of any Warrant shall be subject to adjustment from time to time in a manner and on terms as nearly equivalent as practicable to the provisions with respect to the shares contained in Section 3 of the Warrant Certificate and the provisions of Sections 7, 11 and 12 of this Agreement with respect to the shares of Common Stock shall apply on like terms to any such other shares. All Warrants originally issued by the Company subsequent to any adjustment made to the Exercise Price pursuant to the Warrant Certificate shall evidence the right to purchase, at the adjusted Exercise Price, the number of shares of Common Stock purchasable from time to time hereunder upon exercise of the Warrants, all subject to further adjustment as provided herein.

  • Fractional Shares of Common Stock (a) The Company shall not issue fractions of Warrants or distribute Warrant Certificates which evidence fractional Warrants. Whenever any fractional Warrant would otherwise be required to be issued or distributed, the actual issuance or distribution shall reflect a rounding of such fraction to the nearest whole Warrant (rounded down).

  • Issuance of Shares of Common Stock on Exercise As soon as practicable after the exercise of any Warrant and the clearance of the funds in payment of the Warrant Price (if payment is pursuant to subsection 3.3.1(a)), the Company shall issue to the Registered Holder of such Warrant a book-entry position or certificate, as applicable, for the number of full shares of Common Stock to which he, she or it is entitled, registered in such name or names as may be directed by him, her or it, and if such Warrant shall not have been exercised in full, a new book-entry position or countersigned Warrant, as applicable, for the number of shares of Common Stock as to which such Warrant shall not have been exercised. If fewer than all the Warrants evidenced by a Book-Entry Warrant Certificate are exercised, a notation shall be made to the records maintained by the Depositary, its nominee for each Book-Entry Warrant Certificate, or a Participant, as appropriate, evidencing the balance of the Warrants remaining after such exercise. Notwithstanding the foregoing, the Company shall not be obligated to deliver any shares of Common Stock pursuant to the exercise of a Warrant and shall have no obligation to settle such Warrant exercise unless a registration statement under the Securities Act with respect to the shares of Common Stock underlying the Public Warrants is then effective and a prospectus relating thereto is current, subject to the Company’s satisfying its obligations under Section 7.4. No Warrant shall be exercisable and the Company shall not be obligated to issue shares of Common Stock upon exercise of a Warrant unless the Common Stock issuable upon such Warrant exercise has been registered, qualified or deemed to be exempt from registration or qualification under the securities laws of the state of residence of the Registered Holder of the Warrants, except pursuant to Section 7.4. In the event that the conditions in the two immediately preceding sentences are not satisfied with respect to a Warrant, the holder of such Warrant shall not be entitled to exercise such Warrant and such Warrant may have no value and expire worthless, in which case the purchaser of a Unit containing such Public Warrants shall have paid the full purchase price for the Unit solely for the shares of Common Stock underlying such Unit. In no event will the Company be required to net cash settle the Warrant exercise. The Company may require holders of Public Warrants to settle the Warrant on a “cashless basis” pursuant to subsection 3.3.1(b)

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