Common use of Purchase Warrants Clause in Contracts

Purchase Warrants. Within five (5) Business Days of the end of the Second Pricing Period for each Put, the Company shall issue and deliver to the Investor a warrant ("Purchase Warrant"), in the form attached hereto as EXHIBIT D, or such other form as agreed upon by the parties, to purchase a number of shares of Common Stock equal to 10% of the number of Put Shares issued to Investor in that Put. Each Purchase Warrant shall be exerciseable at a price (the "Purchase Warrant Exercise Price") which shall initially equal 115% of the average Closing Bid Price for the five (5) Business Days immediately preceding the Put Date, and shall have reset provisions as set forth in the Warrant. Each Purchase Warrant shall be immediately exercisable at the Purchase Warrant Exercise Price, and shall have a term beginning on the date of issuance and ending on the date that is five (5) years thereafter. The Warrant Shares shall be registered for resale pursuant to the Registration Rights Agreement. Concurrently with the issuance and delivery of the Purchase Warrant to the Investor, the Company shall deliver to the Investor a Purchase Warrant Opinion of Counsel (signed by the Company's independent counsel).

Appears in 2 contracts

Samples: Investment Agreement (Medical Industries of America Inc), Investment Agreement (Cyber Care Inc)

AutoNDA by SimpleDocs

Purchase Warrants. Within five (5) Business Days of the end of the Second each Pricing Period for each PutPeriod, the Company shall issue and deliver to the Investor a warrant ("Purchase Warrant"), in the form attached hereto as EXHIBIT Exhibit D, or such other form as agreed upon by the parties, to purchase a number of shares of Common Stock equal to 109% of the number of Put Shares issued to Investor in that Put. Each Purchase Warrant shall be exerciseable at a price (the "Purchase Warrant Exercise Price") which shall initially equal 115110% of the average Closing Bid Market Price for on the five (5) Business Days immediately preceding the Put Pricing Period End Date, and shall have semi-annual reset provisions as set forth in the Warrantprovisions. Each Purchase Warrant shall be immediately exercisable at the Purchase Warrant Exercise Price, and shall have a term beginning on the date of issuance and ending on the date that is five (5) years thereafter. The Warrant Shares shall be registered for resale pursuant to the Registration Rights Agreement. Concurrently with the issuance and delivery of the Purchase Warrant to the Investor, the Company shall deliver to the Investor a Purchase Warrant Opinion of Counsel (signed by the Company's independent counsel).

Appears in 2 contracts

Samples: Investment Agreement (Alottafun Inc), Investment Agreement (Alottafun Inc)

Purchase Warrants. Within five (5) Business Days of the end of the Second Pricing Period for each PutPurchase Period, the Company shall issue and deliver to the Investor a warrant ("Purchase Warrant"), in the form attached hereto as EXHIBIT Exhibit D, or such other form as agreed upon by the parties, to purchase a number of shares of Common Stock equal to 108% of the number of Put Shares issued to Investor in that Put. Each Purchase Warrant shall be exerciseable at a price (the "Purchase Warrant Exercise Price") which shall initially equal 115110% of the average Closing Bid Market Price for on the five (5) Business Days immediately preceding the Put Purchase Period End Date, and shall have semi-annual reset provisions as set forth in the Warrantprovisions. Each Purchase Warrant shall be immediately exercisable at the Purchase Warrant Exercise Price, and shall have a term beginning on the date of issuance and ending on the date that is five (5) years thereafter. The Warrant Shares shall be registered for resale pursuant to the Registration Rights Agreement. Concurrently with the issuance and delivery of the Purchase Warrant to the Investor, the Company shall deliver to the Investor a Purchase Warrant Opinion of Counsel (signed by the Company's independent counsel).

Appears in 1 contract

Samples: Investment Agreement (Ecom Ecom Com Inc)

Purchase Warrants. Within five (5) Business Days of the end of the Second Pricing Period for each Put, the Company shall issue and deliver to the Investor a warrant ("Purchase Warrant"), in the form attached hereto as EXHIBIT Exhibit D, or such other form as agreed upon by the parties, to purchase a number of shares of Common Stock equal to 1015% of the number of Put Shares issued to Investor in Share Amount for that Put. Each Purchase Warrant shall be exerciseable exercisable at a price (the "Purchase Warrant Exercise Price") which shall initially equal 115110% of the average Closing Bid Price for on the five (5) Business Days immediately preceding the applicable Put Date, and shall have semi-annual reset provisions as set forth in the Warrantprovisions. Each Purchase Warrant shall be immediately exercisable at the Purchase Warrant Exercise Price, and shall have a term beginning on the date of issuance and ending on the date that is five (5) years thereafter. The Warrant Shares shall be registered for resale pursuant to the Registration Rights Agreement. Concurrently with the issuance and delivery of the Purchase Warrant to the Investor, the Company shall deliver to the Investor a Purchase Warrant Opinion of Counsel (signed by the Company's independent counsel).

Appears in 1 contract

Samples: Investment Agreement (Patriot Scientific Corp)

Purchase Warrants. Within five (5) Business Days of the end of the Second each Pricing Period for each PutPeriod, the Company shall issue and deliver to the Investor a warrant ("Purchase Warrant"), in the form attached hereto as EXHIBIT Exhibit D, or such other form as agreed upon by the parties, to purchase a number of shares of Common Stock equal to 108% of the number of Put Shares issued to Investor in that Put. Each Purchase Warrant shall be exerciseable at a price (the "Purchase Warrant Exercise Price") which shall initially equal 115110% of the average Closing Bid Market Price for on the five (5) Business Days immediately preceding the Put Pricing Period End Date, and shall have semi- annual reset provisions as set forth in the Warrantprovisions. Each Purchase Warrant shall be immediately exercisable at the Purchase Warrant Exercise Price, and shall have a term beginning on the date of issuance and ending on the date that is five (5) years thereafter. The Warrant Shares shall be registered for resale pursuant to the Registration Rights Agreement. Concurrently with the issuance and delivery of the Purchase Warrant to the Investor, the Company shall deliver to the Investor a Purchase Warrant Opinion of Counsel (signed by the Company's independent counsel).

Appears in 1 contract

Samples: Investment Agreement (Ecom Ecom Com Inc)

Purchase Warrants. Within five (5) Business Days of the end of the Second each Pricing Period for each PutPeriod, the Company shall issue and deliver to the Investor a warrant ("Purchase Warrant"), in the form attached hereto as EXHIBIT Exhibit D, or such other form as agreed upon by the parties, to purchase a number of shares of Common Stock equal to 10% of the number of Put Shares issued to Investor in that Put. Each Purchase Warrant shall be exerciseable exercisable at a price (the "Purchase Warrant Exercise Price") which shall initially equal 115100% of the average Closing Bid Market Price for on the five (5) Business Days immediately preceding the Put Pricing Period End Date, and shall have reset provisions as set forth in the Warrant. Each Purchase Warrant shall be immediately exercisable at the Purchase Warrant Exercise Price, and shall have a term beginning on the date of issuance and ending on the date that is five three (53) years thereafter. The Warrant Shares shall be covered by the Registration Statement or, if necessary, registered for resale pursuant to the Registration Rights Agreement. Concurrently with the issuance and delivery of the Purchase Warrant to the Investor, the Company shall deliver to the Investor a Purchase Warrant Opinion of Counsel (signed by the Company's independent counsel).

Appears in 1 contract

Samples: Investment Agreement (Go Online Networks Corp /De/)

Purchase Warrants. Within five (5) Business Days of the end of the Second each Pricing Period for each PutPeriod, the Company shall issue and deliver to the Investor a warrant ("Purchase Warrant"), in the form attached hereto as EXHIBIT Exhibit D, or such other form as agreed upon by the parties, to purchase a number of shares of Common Stock equal to 108% of the number of Put Shares issued to Investor in that Put. Each Purchase Warrant shall be exerciseable at a price (the "Purchase Warrant Exercise Price") which shall initially equal 115110% of the average Closing Bid Market Price for on the five (5) Business Days immediately preceding the Put Pricing Period End Date, and shall have semi- annual reset provisions as set forth in the Warrantprovisions. Each Purchase Warrant shall be immediately exercisable at the Purchase Warrant Exercise Price, and shall have a term beginning on the date of issuance and ending on the date that is five (5) years thereafter. The Warrant Shares shall be registered for resale pursuant to the Registration Rights Agreement. Concurrently with the issuance and delivery of the Purchase Warrant to the Investor, the Company shall deliver to the Investor a Purchase Warrant Opinion of Counsel (signed by the Company's Companys independent counsel).

Appears in 1 contract

Samples: Investment Agreement (Ecom Ecom Com Inc)

AutoNDA by SimpleDocs

Purchase Warrants. Within five (5) Business Days of the end of the Second Pricing Period for each PutPurchase Period, the Company shall issue and deliver to the Investor a warrant ("Purchase Warrant"), in the form attached hereto as EXHIBIT Exhibit D, or such other form as agreed upon by the parties, to purchase a number of shares of Common Stock equal to 1015% of the number of Put Shares issued to Investor in that Put. Each Purchase Warrant shall be exerciseable at a price (the "Purchase Warrant Exercise Price") which shall initially equal 115110% of the average Closing Bid Market Price for on the five (5) Business Days immediately preceding the Put Purchase Period End Date, and shall have annual reset provisions as set forth in the Warrantprovisions. Each Purchase Warrant shall be immediately exercisable at the Purchase Warrant Exercise Price, and shall have a term beginning on the date of issuance and ending on the date that is five (5) years thereafter. The Warrant Shares shall be registered for resale pursuant to the Registration Rights Agreement. Concurrently with the issuance and delivery of the Purchase Warrant to the Investor, the Company shall deliver to the Investor a Purchase Warrant Opinion of Counsel (signed by the Company's independent counsel).

Appears in 1 contract

Samples: Investment Agreement (Patriot Scientific Corp)

Purchase Warrants. Within five (5) Business Days of the end of the Second Pricing Period for each PutPurchase Period, the Company shall issue and deliver to the Investor a warrant ("Purchase Warrant"), in the form attached hereto as EXHIBIT Exhibit D, or such other form as agreed upon by the parties, to purchase a number of shares of Common Stock equal to 109% of the number of Put Shares issued to Investor in that Put. Each Purchase Warrant shall be exerciseable at a price (the "Purchase Warrant Exercise Price") which shall initially equal 115110% of the average Closing Bid Market Price for on the five (5) Business Days immediately preceding the Put Purchase Period End Date, and shall have semi-annual reset provisions as set forth in the Warrantprovisions. Each Purchase Warrant shall be immediately exercisable at the Purchase Warrant Exercise Price, and shall have a term beginning on the date of issuance and ending on the date that is five (5) years thereafter. The Warrant Shares shall be registered for resale pursuant to the Registration Rights Agreement. Concurrently with the issuance and delivery of the Purchase Warrant to the Investor, the Company shall deliver to the Investor a Purchase Warrant Opinion of Counsel (signed by the Company's independent counsel).

Appears in 1 contract

Samples: Investment Agreement (Alottafun Inc)

Purchase Warrants. Within five (5) Business Days of the end of the Second each Pricing Period for each PutPeriod, the Company shall issue and deliver to the Investor a warrant ("Purchase Warrant"), in the form attached hereto as EXHIBIT Exhibit D, or such other form as agreed upon by the parties, to purchase a number of shares of Common Stock equal to 10% of the number of Put Shares issued to Investor in that Put. Each Purchase Warrant shall be exerciseable exercisable at a price (the "Purchase Warrant Exercise Price") which shall initially equal 115110% of the weighted average Closing Bid Price price for the five (5) 5 Business Days immediately preceding the Put Date, and shall have semi-annual reset provisions as set forth in the Warrantprovisions. Each Purchase Warrant shall be immediately exercisable at the Purchase Warrant Exercise Price, and shall have a term beginning on the date of issuance and ending on the date that is five (5) years thereafter. The Warrant Shares shall be registered for resale pursuant to the Registration Rights Agreement. Concurrently with the issuance and delivery of the Purchase Warrant to the Investor, the Company shall deliver to the Investor a Purchase Warrant Opinion of Counsel (signed by the Company's independent counsel).

Appears in 1 contract

Samples: Investment Agreement (Planet America Inc)

Purchase Warrants. Within five (5) Business Days of the end of the Second each Pricing Period for each PutPeriod, the Company shall issue and deliver to the Investor a warrant ("Purchase Warrant"), in the form attached hereto as EXHIBIT Exhibit D, or such other form as agreed upon by the parties, to purchase a number of shares of Common Stock equal to 1015% of the number of Put Shares issued to Investor in that Put. Each Purchase Warrant shall be exerciseable at a price (the "Purchase Warrant Exercise Price") which shall initially equal 115110% of the average Closing Bid Market Price for on the five (5) Business Days immediately preceding the Put Pricing Period End Date, and shall have annual reset provisions as set forth in the Warrantprovisions. Each Purchase Warrant shall be immediately exercisable at the Purchase Warrant Exercise Price, and shall have a term beginning on the date of issuance and ending on the date that is five (5) years thereafter. The Warrant Shares shall be registered for resale pursuant to the Registration Rights Agreement. Concurrently with the issuance and delivery of the Purchase Warrant to the Investor, the Company shall deliver to the Investor a Purchase Warrant Opinion of Counsel (signed by the Company's independent counsel).

Appears in 1 contract

Samples: Investment Agreement (Patriot Scientific Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.