Common use of Representative Warrants Clause in Contracts

Representative Warrants. The Company shall issue to Xxxxxx Xxxxxx & Co., LLC or its designees on each of the Closing Date and each Option Closing Date, warrants (the “Representative Warrants”) to purchase that number of Common Shares equal to five percent (5%) of the aggregate number of Common Shares issued on each of the Closing Date and each Option Closing Date. The Representative Warrants shall be in a customary form reasonably acceptable to the Underwriter and the Company, shall be exercisable, in whole or in part, immediately and shall expire on the five-year anniversary of the date of commencement of sales of the Firm Securities pursuant to the Registration Statement at an initial exercise price per Common Share equal to 125% of the price per Firm Share set forth in paragraph one hereof. The Representative Warrants shall be subject to the limitation on exercise set forth in FINRA Rule 5110(g)(8); provided, however, that pursuant to FINRA Rule 5110(e)(1) the Representative Warrants shall not be sold, transferred, assigned, pledged, or hypothecated, or be the subject of any hedging, short sale, derivative, put, or call transaction that would result in the effective economic disposition of the securities by any person for a period of 180 days commencing on the date of sales of the Firm Securities, consistent with FINRA Rule 5110(e)(1), except for the transfers enumerated in FINRA Rule 5110(e)(2). The Representative Warrants and the Common Shares issuable upon exercise of the Representative Warrants are hereinafter referred to collectively as the “Representative's Securities.” The form of the Representative Warrant is attached hereto as Exhibit 1.

Representative Warrants. The Company shall issue to Xxxxxx Xxxxxx & Co., LLC or its designees on each of the Closing Date and each Option Closing Date, warrants (the “Representative Warrants”) to purchase that number of shares of Common Shares Stock equal to five percent (5%) of the aggregate number of shares of Common Shares Stock and shares of Common Stock underlying Firm Pre-Funded Warrants or Option Pre-Funded Warrants, as applicable, issued on each of the Closing Date and each Option Closing Date. The Representative Warrants shall be in a customary form reasonably acceptable to the Underwriter and the Company, shall be exercisable, in whole or in part, immediately and shall expire expiring on the five-year anniversary of the date of commencement of sales of the Firm Securities pursuant to the Registration Statement at an initial exercise price per share of Common Share Stock equal to 125110% of the price per Firm Share set forth in paragraph one hereof. The Representative Warrants shall be subject to the limitation on exercise set forth in FINRA Rule 5110(g)(8); provided, however, that pursuant to FINRA Rule 5110(e)(1) the Representative Warrants shall not be sold, transferred, assigned, pledged, or hypothecated, or be the subject of any hedging, short sale, derivative, put, or call transaction that would result in the effective economic disposition of the securities by any person for a period of 180 days commencing on the date of sales of the Firm SecuritiesShares, consistent with FINRA Rule 5110(e)(1), except for the transfers enumerated in FINRA Rule 5110(e)(2). The Representative Warrants and the shares of Common Shares Stock issuable upon exercise of the Representative Warrants are hereinafter referred to collectively as the “Representative's ’s Securities.” The form of the Representative Warrant is attached hereto as Exhibit 1.

Representative Warrants. The Company shall issue to Xxxxxx Xxxxxx & Co., LLC Inc. or its designees on each of the Closing Date and each Option Closing Date, warrants (the “Representative Warrants”) to purchase that number of shares of Common Shares Stock equal to five percent (5%) % of the aggregate number of shares of Common Shares Stock and Pre-Funded Warrants issued on each of the Closing Date and each Option Closing Date. The Representative Warrants shall be in a customary form reasonably acceptable to the Underwriter and the Company, shall be exercisable, in whole or in part, immediately and shall expire expiring on the five-year anniversary of the date of commencement of the sales of the Firm Securities pursuant Units to the Registration Statement public at an initial exercise price per share of Common Share Stock of $[●], which is equal to 125110% of the initial public offering price per Firm Share set forth in paragraph one hereofof the Unit. The Representative Warrants shall be subject to the limitation on exercise set forth in FINRA Rule 5110(g)(85110(f)(2)(G)(i); provided, however, however that pursuant to FINRA Rule 5110(e)(15110(g)(1) the Representative Warrants shall not be sold, transferred, assigned, pledged, or hypothecated, or be the subject of any hedging, short sale, derivative, put, or call transaction that would result in the effective economic disposition of the securities by any person for a period of 180 days commencing on immediately following the effective date of the Registration Statement or commencement of sales of the Firm Securities, consistent with FINRA Rule 5110(e)(15110(g)(1), except for the transfers enumerated in FINRA Rule 5110(e)(25110(g)(2). The Representative Warrants and the shares of Common Shares Stock issuable upon exercise of the Representative Warrants are hereinafter referred to collectively as the “Representative's ’s Securities.” The form of the Representative Warrant is attached hereto as Exhibit 13.

Representative Warrants. The Company shall issue to Xxxxxx Xxxxxx & Co., LLC or its designees on each of the Closing Date and each Option Closing Date, warrants (the “Representative Warrants”) to purchase that number of Common Shares equal to five percent (5%) of the aggregate number of Common Shares issued on each of the Closing Date and each Option Closing Date. The Representative Warrants shall be in a customary form reasonably acceptable to the Underwriter and the Company, shall be exercisable, in whole or in part, immediately and shall expire on the five-year anniversary of the date of commencement of sales of the Firm Securities pursuant to the Registration Statement at an initial exercise price per Common Share equal to 125% of the price per Firm Share set forth in paragraph one hereof. The Representative Warrants shall be subject to the limitation on exercise set forth in FINRA Rule 5110(g)(8); provided, however, that pursuant to FINRA Rule 5110(e)(1) the Representative Warrants shall not be sold, transferred, assigned, pledged, or hypothecated, or be the subject of any hedging, short sale, derivative, put, or call transaction that would result in the effective economic disposition of the securities by any person for a period of 180 days commencing on the date of sales of the Firm Securities, consistent with FINRA Rule 5110(e)(1), except for the transfers enumerated in FINRA Rule 5110(e)(2). The Representative Warrants and the Common Shares issuable upon exercise of the Representative Warrants are hereinafter referred to collectively as the “Representative's ’s Securities.” The form of the Representative Warrant is attached hereto as Exhibit 1.

Representative Warrants. The Company shall issue to Xxxxxx Xxxxxx & Co., LLC or its designees on each of the Closing Date and each Option Closing Date, warrants (the “Representative Warrants”) to purchase that number of shares of Common Shares Stock equal to five percent (5%) of the aggregate number of shares of Common Shares Stock and shares of Common Stock underlying Firm Pre-Funded Warrants or Option Pre-Funded Warrants, as applicable, issued on each of the Closing Date and each Option Closing Date. The Representative Warrants shall be in a customary form reasonably acceptable to the Underwriter and the Company, shall be exercisable, in whole or in part, immediately and shall expire expiring on the five-year anniversary of the date of commencement of sales of the Firm Securities pursuant to the Registration Statement at an initial exercise price per share of Common Share Stock equal to 125110% of the price per Firm Share set forth in paragraph one hereof. The Representative Warrants shall be subject to the limitation on exercise set forth in FINRA Rule 5110(g)(8); provided, however, that pursuant to FINRA Rule 5110(e)(1) the Representative Warrants shall not be sold, transferred, assigned, pledged, or hypothecated, or be the subject of any hedging, short sale, derivative, put, or call transaction that would result in the effective economic disposition of the securities by any person for a period of 180 days commencing on the date of sales of the Firm SecuritiesShares, consistent with FINRA Rule 5110(e)(1), except for the transfers enumerated in FINRA Rule 5110(e)(2). The Representative Warrants and the shares of Common Shares Stock issuable upon exercise of the Representative Warrants are hereinafter referred to collectively as the “Representative's ’s Securities.” The form of the Representative Warrant is attached hereto as Exhibit 1.. ​