Other Consideration. In further consideration of the sale by DE, and the purchase by THI, of the Assets, subject to the condition precedent set forth in this Agreement, at the Closing, THI shall issue to DE warrants to purchase 250,000 shares of THI common stock at an exercise price of $2.50 per share ("Warrants") and shall reserve such number of shares of its common stock for issuance upon exercise thereof. The Warrants shall be in the form and contain the terms and conditions attached hereto as Exhibit 3.
Appears in 3 contracts
Sources: Asset Acquisition Agreement (Namoit Milton), Asset Acquisition Agreement (Terrace Holdings Inc), Asset Acquisition Agreement (Terrace Holdings Inc)