Stock Purchase Warrants. Employee shall be granted on the date hereof a stock purchase warrant (the "Stock Purchase Warrant") in the form of Exhibit A hereto exercisable for 448,000 shares of CEC's common stock. The such stock purchase warrant shall become exercisable over a period of four (4) years at the rate of one-quarter of the stock that can be purchased under such stock purchase warrant on each of the first four (4) anniversaries of the date immediately prior to the date of this Agreement. Such Stock Purchase Warrant shall have a term of ten (10) years.
Stock Purchase Warrants. (a) Contemporaneous with the making of this Note, IMAC has issued warrants ("Warrants") in connection herewith to purchase from IMAC , at any time on or before the fifth anniversary of the Note date, shares of IMAC's Common Stock at an exercise price of one dollar and fifty cents ($1.50) per share ("Warrant Exercise Price"). The Warrants may be exercised by the holder, in whole only, with the purchase form appended to the Warrant duly executed by the holder at the principal office of IMAC, or at such other office or agency as IMAC may designate, accompanied by payment in full of the purchase price as set forth herein. (b) A certificate representing the warrant fully executed by IMAC, shall be delivered to the holder upon the making of the Note.
Stock Purchase Warrants. Warrants being purchased by such Purchaser pursuant to this Agreement, each in the form of Exhibit B hereto, entitling each such Purchaser to purchase, subject to the terms and conditions and the transfer restrictions set forth in the Warrants, up to the number of Warrant Shares set forth opposite such Purchaser’s name on Exhibit A hereto.
Stock Purchase Warrants. The Purchaser shall issue One Million Stock Purchase Warrants granting the Seller Parties the right to purchase up to an additional one million common shares of publicly traded stock in Purchaser for the fixed price of $2.00/share. Said warrants to be valid for three years from the final Closing Date. The Purchaser shall also issue Five Hundred Thousand Stock Purchase Warrants granting the Seller Parties the right to purchase up to an additional five hundred thousand common shares of publicly traded stock in Purchaser for the fixed price of $1.50/share. Said warrants to be valid for two years from the final Closing Date.
Stock Purchase Warrants. In consideration for Lender's entering into this Agreement and for making the Loan contemplated herein, Borrower shall deliver to Lender a Stock Purchase Warrant substantially in the form attached hereto as Exhibit B (the "Warrant"), executed by Borrower in favor of Lender.
Stock Purchase Warrants. In consideration for Lender's entering into this Agreement and for making the Loan contemplated herein, Borrower shall deliver to Lender a
Stock Purchase Warrants. As a condition of his entering into this Employment Agreement, Employee is entitled to purchase, subject to the provisions of the warrant ("Warrant"), from Microtel International, Inc., at $3.45 per share, two hundred fifty thousand (250,000) shares of the Company's common stock, ("common stock"), no-par value, at any time during the period commencing on the date of Warrant, October 15, 1997, to 5:00 PM New York City time, October 14, 2002.
Stock Purchase Warrants. (a) Subject to Section 2.4(b) of this Agreement, Buyer will cause Parent to issue stock purchase warrants exercisable into up to an aggregate of Two Million (2,000,000) shares of Common Stock (each in the form attached hereto as Exhibit B, a “Warrant” and collectively “Warrants”) upon the occurrence of the following (in each case, a “Diligence Failure Event”):
Stock Purchase Warrants. Effective on each date that the Lender funds a Loan pursuant to Section 2, Pacific Biometrics, Inc., a Delaware corporation (“Parent”), shall issue and deliver to Lender stock purchase warrants (collectively, the “Warrants”) to purchase shares of Parent common stock, on the basis of 5,000 shares for each $50,000 in principal amount of Loans funded by Lender on such date, up to a maximum aggregate number of 50,000 shares (collectively, the “Shares”) for all Loans. The exercise price for each Warrant shall be equal to the greater of (i) $1.17 per share and (ii) the fair market value of the common stock as of the respective date of grant as determined by Parent’s board of directors in its sole discretion. The expiration date for the Warrants shall be ten years from the respective date of grant. The Warrants shall be subject to proportionate adjustment in the event of any stock split, stock dividend or similar recapitalization of Parent capital stock, and shall provide for piggyback registration rights in connection with a registered public offering of Parent common stock under the Securities Act (other than a registration statement relating solely to the sale of securities to participants in a employee benefit plan or a transaction covered by Rule 145 under the Securities Act), to the extent permitted under any existing registration rights agreements with such shareholders and subject to customary underwriter cutbacks, if any. The Warrants shall be in form and substance acceptable to Parent.
Stock Purchase Warrants. At Closing, BSI will issue and sell to each Holder a Stock Purchase Warrant (collectively the "Stock Purchase Warrants") to acquire shares of BSI's common stock ("Shares") which will entitle the Holders to receive an aggregate of Forty-five Thousand, Two Hundred Twenty-eight (45,228) authorized but unissued Shares, with such number being subject to certain anti-dilution adjustments as provided in such Warrants. The aggregate purchase price for the Stock Purchase Warrants shall be One Hundred Dollars ($100), which the Holders shall pay to BSI at Closing. The aggregate exercise price for the Stock Purchase Warrants shall be Four Hundred Fifty-Three and 28/100Dollars ($453.28), expressed for the entire Stock Purchase Warrants, not on a per-share basis.
