Warrant A. On the Subscription Date, the Company will issue to the Investors and the Placement Agent a Warrant A, exercisable beginning on the Subscription Date and then exercisable any time over the five year period there following, to purchase an aggregate of 18,000 Warrant Shares for the Investors and 9,000 Warrant Shares for the Placement Agent at the Exercise Price (as defined in the Warrant). Warrant A shall be delivered by the Company to the Escrow Agent, and delivered to the Investors and Placement Agent pursuant to the terms of this Agreement and the Escrow Agreement. The Warrant Shares shall be registered for resale pursuant to the Registration Rights Agreement.
Appears in 1 contract
Sources: Private Equity Line of Credit Agreement (Objectsoft Corp)
Warrant A. On the Subscription Date, the Company will issue to the Investors Investor and the Placement Agent a Warrant A, A exercisable beginning on six months from the Subscription Date and then exercisable any time over the five year period there following, to purchase an aggregate of 18,000 20,000 Warrant Shares for the Investors Investor and 9,000 20,000 Warrant Shares for the Placement Agent at the Exercise Price (as defined in the Warrant). Warrant A shall be delivered by the Company to the Escrow Agent, and delivered to the Investors Investor and Placement Agent pursuant to the terms of this Agreement and the Escrow Agreement. The Warrant Shares shall be registered for resale pursuant to the Registration Rights Agreement.
Appears in 1 contract
Sources: Private Equity Line of Credit Agreement (Xybernaut Corp)