SUBSCRIPTION WARRANTS. 5.1(a).1Subscription warrants are issued by a listed company and give holders the rights to buy the underlying shares of such company. They are either attached to new shares sold in initial public offerings, or distributed together with declared dividends, bonus shares or rights issues. Subscription warrants are valid between 1 and 5 years. Upon exercise, the underlying company will issue new shares and deliver them to the warrant holders.
SUBSCRIPTION WARRANTS. A warrant is a security that gives the holder the right to buy the shares of an issuing company at a stipulated price within a specified period. In that sense, a warrant is similar to a call option. The main difference between these two financial products is that warrants are issued by companies, while call options are sold by investors.
SUBSCRIPTION WARRANTS. Subscription warrants are issued by a listed company and give holders the rights to buy the underlying shares of such company. They are either attached to new shares sold in initial public offerings, or distributed together with declared dividends, bonus shares or rights issues. Subscription warrants are valid between 1 and 5 years. Upon exercise, the underlying company will issue new shares and deliver them to the warrant holders.
SUBSCRIPTION WARRANTS. The Buyer hereby agrees to purchase from the Company the number of shares (the "Preferred Shares") of Series A Convertible Preferred Stock, $.01 par value (the "Preferred Stock"), of the Company set forth on the signature page of this Agreement, with the Preferred Stock having the terms and conditions as set forth in the form of Statement of Rights and Preferences of the Series A Convertible Preferred Stock included in the form of Articles of Amendment attached hereto as Annex I (the "Statement of Rights") at the price per share and for the aggregate purchase price set forth on the signature page of this Agreement. The purchase price for the Preferred Shares shall be payable in United States Dollars. In connection with the purchase of the Preferred Shares, the Company agrees to issue to the Buyer warrants to purchase the number of shares of Common Stock set forth on the signature page of this Agreement, such warrants having the terms and conditions included in the form of warrant attached hereto as Annex II (the "Warrants"). The shares of Common Stock issuable upon conversion of the Preferred Shares are referred to herein as the "Conversion Shares." The shares of Common Stock issuable in payment of dividends on the Preferred Shares are referred to herein as the "Dividend Shares." The shares of Common Stock issuable upon exercise of the Warrants are referred to herein as the "Warrant Shares." The Conversion Shares, the Dividend Shares and the Warrant Shares are referred to herein collectively as the "Common Shares." The Common Shares and the Preferred Shares are referred to herein collectively as the "Shares." The Shares and Warrants are referred to herein collectively as the "Securities."
SUBSCRIPTION WARRANTS. The Bank as Transfer Agent will issue and mail warrants for rights to subscribe to securities and will accept subscriptions and issue certificates of securities therefor upon receiving written instructions from an officer of the company and upon being supplied with such warrants.
