Common use of Series A Warrants Clause in Contracts

Series A Warrants. On the Closing Date, the Company will issue and deliver Series A Warrants to the Subscribers. Seven Series A Warrants will be issued for each One Dollar of Purchase Price paid by a Subscriber on the Closing Date. The exercise price to acquire a Series A Warrant share upon exercise of a Series A Warrant shall be $0.25, subject to amendment as described in the Warrants. The Series A Warrants shall be exercisable until five (5) years after the issue date of the Series A Warrants.

Appears in 1 contract

Sources: Subscription Agreement (Megawest Energy Corp.)

Series A Warrants. On the Closing Date, the Company will issue and deliver Series A Warrants to the Subscribers. Seven One Series A Warrants Warrant will be issued for each One Dollar of Purchase Price paid by a Subscriber two Shares issued on the Closing Date. The per Warrant Share exercise price to acquire a Series A Warrant share Share upon exercise of a Series A Warrant shall be $0.25, subject to amendment as described in the Warrants0.50. The Series A Warrants shall be exercisable until five (5) years after the issue date of the Closing Date. The Series A WarrantsWarrants will be subject to Call as described in the Warrant.

Appears in 1 contract

Sources: Subscription Agreement (Joystar Inc)