{"component": "clause", "props": {"groups": [{"samples": [{"hash": "6T6v20dcGim", "uri": "/contracts/6T6v20dcGim#warrant-amendment", "label": "Purchase and Sale Agreement (Baudax Bio, Inc.)", "score": 28.8042430878, "published": true}, {"hash": "ekVdiCG4y3S", "uri": "/contracts/ekVdiCG4y3S#warrant-amendment", "label": "Purchase and Sale Agreement (Alkermes Plc.)", "score": 28.1225185394, "published": true}, {"hash": "gRMyrtAeVKx", "uri": "/contracts/gRMyrtAeVKx#warrant-amendment", "label": "Purchase and Sale Agreement (Recro Pharma, Inc.)", "score": 27.988363266, "published": true}], "snippet_links": [{"key": "in-connection-with", "type": "clause", "offset": [0, 18]}, {"key": "the-execution", "type": "clause", "offset": [42, 55]}, {"key": "this-amendment", "type": "clause", "offset": [60, 74]}, {"key": "warrant-to-purchase-stock", "type": "clause", "offset": [107, 132]}, {"key": "issued-by", "type": "clause", "offset": [134, 143]}, {"key": "pursuant-to-the-agreement", "type": "clause", "offset": [158, 183]}, {"key": "on-april", "type": "clause", "offset": [184, 192]}, {"key": "the-warrant", "type": "clause", "offset": [235, 246]}, {"key": "current-warrant-price", "type": "clause", "offset": [308, 329]}, {"key": "a-warrant", "type": "definition", "offset": [333, 342]}, {"key": "equal-to", "type": "definition", "offset": [357, 365]}, {"key": "the-common-stock", "type": "clause", "offset": [397, 413]}, {"key": "trading-day", "type": "clause", "offset": [430, 441]}, {"key": "amendment-effective-date", "type": "definition", "offset": [467, 491]}, {"key": "amended-warrant", "type": "definition", "offset": [539, 554]}, {"key": "acknowledge-and-agree", "type": "clause", "offset": [621, 642]}, {"key": "shares-of-common-stock", "type": "clause", "offset": [677, 699]}, {"key": "exercise-of-the", "type": "clause", "offset": [730, 745]}, {"key": "exchanged-securities", "type": "definition", "offset": [778, 798]}, {"key": "issued-to", "type": "definition", "offset": [810, 819]}, {"key": "reliance-on", "type": "clause", "offset": [828, 839]}, {"key": "the-exemption", "type": "clause", "offset": [840, 853]}, {"key": "securities-act-of-1933", "type": "definition", "offset": [889, 911]}, {"key": "as-amended", "type": "definition", "offset": [913, 923]}, {"key": "characteristics-of-the", "type": "clause", "offset": [980, 1002]}, {"key": "including-without-limitation", "type": "clause", "offset": [1012, 1040]}, {"key": "holding-period", "type": "definition", "offset": [1050, 1064]}, {"key": "applicable-to", "type": "definition", "offset": [1065, 1078]}, {"key": "date-of", "type": "clause", "offset": [1165, 1172]}], "size": 3, "snippet": "In connection with, and concurrently with the execution of, this Amendment, Recro shall amend that certain Warrant to Purchase Stock, issued by Recro to APIL pursuant to the Agreement on April 10, 2015 (the \u201cWarrant\u201d), so as to modify the Warrant Price (as defined in the Warrant) set forth therein from the current Warrant Price to a warrant price that is equal to 1.2 times the closing price of the common stock of Recro on the trading day immediately prior to the Amendment Effective Date (the Warrant as so amended and re-issued, the \u201cAmended Warrant\u201d) and deliver such Amended Warrant to APIL. Recro and APIL hereby acknowledge and agree that the Amended Warrant, and any shares of common stock of Recro issued upon cashless exercise of the Amended Warrant (together, the \u201cExchanged Securities\u201d), will be issued to APIL in reliance on the exemption provided by Section 3(a)(9) of the Securities Act of 1933, as amended, and as such, the Exchanged Securities shall assume the characteristics of the Warrant, including without limitation that any holding period applicable to any such Exchanged Securities will be deemed to have started on the original issuance date of the Warrant.", "hash": "3d58057747f94cbe856d33a7aa9e58ea", "id": 5}, {"samples": [{"hash": "7me6cg6A7r7", "uri": "/contracts/7me6cg6A7r7#warrant-amendment", "label": "Warrant Amendment Agreement (Amyris, Inc.)", "score": 29.1683769226, "published": true}, {"hash": "5gpmq8UpNT8", "uri": "/contracts/5gpmq8UpNT8#warrant-amendment", "label": "Warrant Amendment Agreement (Amyris, Inc.)", "score": 29.0971927643, "published": true}, {"hash": "huRIEzGWTIQ", "uri": "/contracts/huRIEzGWTIQ#warrant-amendment", "label": "Warrant Amendment Agreement (Amyris, Inc.)", "score": 28.861738205, "published": true}], "snippet_links": [{"key": "the-warrant", "type": "clause", "offset": [16, 27]}, {"key": "amended-and-restated", "type": "definition", "offset": [37, 57]}], "size": 5, "snippet": "Section 2(b) of the Warrant shall be amended and restated to read in its entirety as follows:", "hash": "98125b081131c44ed85b3ef8d83e865d", "id": 1}, {"samples": [{"hash": "gOcl8I6zBF6", "uri": "/contracts/gOcl8I6zBF6#warrant-amendment", "label": "Conditional Share Purchase Agreement and Conversion Agreement (CareDx, Inc.)", "score": 26.6084880829, "published": true}, {"hash": "9HgT0XCoU8a", "uri": "/contracts/9HgT0XCoU8a#warrant-amendment", "label": "Conditional Share Purchase Agreement and Conversion Agreement (CareDx, Inc.)", "score": 26.6084880829, "published": true}, {"hash": "3tCF6xsKZrc", "uri": "/contracts/3tCF6xsKZrc#warrant-amendment", "label": "Conditional Share Purchase Agreement and Conversion Agreement (CareDx, Inc.)", "score": 26.6084880829, "published": true}], "snippet_links": [{"key": "effective-upon-the-closing", "type": "clause", "offset": [4, 30]}, {"key": "first-paragraph", "type": "definition", "offset": [36, 51]}, {"key": "the-warrant", "type": "clause", "offset": [71, 82]}, {"key": "amended-and-restated", "type": "definition", "offset": [92, 112]}, {"key": "issuance-date", "type": "clause", "offset": [158, 171]}, {"key": "in-accordance-with", "type": "definition", "offset": [205, 223]}, {"key": "this-section-2", "type": "clause", "offset": [224, 238]}, {"key": "stock-owned", "type": "clause", "offset": [352, 363]}, {"key": "the-account", "type": "clause", "offset": [382, 393]}, {"key": "of-the-company", "type": "clause", "offset": [394, 408]}, {"key": "but-excluding", "type": "clause", "offset": [410, 423]}, {"key": "securities-issued", "type": "clause", "offset": [437, 454]}, {"key": "consideration-per-share", "type": "definition", "offset": [508, 531]}, {"key": "new-issuance-price", "type": "definition", "offset": [538, 556]}, {"key": "equal-to", "type": "definition", "offset": [577, 585]}, {"key": "subject-to", "type": "definition", "offset": [610, 620]}, {"key": "adjustment-for-stock-splits", "type": "clause", "offset": [621, 648]}, {"key": "stock-dividends", "type": "clause", "offset": [650, 665]}, {"key": "similar-transactions", "type": "clause", "offset": [688, 708]}, {"key": "the-exercise-price", "type": "definition", "offset": [717, 735]}, {"key": "in-effect", "type": "definition", "offset": [736, 745]}, {"key": "prior-to", "type": "definition", "offset": [758, 766]}, {"key": "deemed-issuance", "type": "definition", "offset": [789, 804]}, {"key": "lower-price", "type": "definition", "offset": [820, 831]}, {"key": "applicable-price", "type": "clause", "offset": [855, 871]}, {"key": "the-foregoing", "type": "clause", "offset": [875, 888]}, {"key": "dilutive-issuance", "type": "clause", "offset": [892, 909]}, {"key": "for-purposes-of", "type": "clause", "offset": [1038, 1053]}, {"key": "adjusted-exercise-price", "type": "definition", "offset": [1070, 1093]}, {"key": "the-seller-shall", "type": "clause", "offset": [1192, 1208]}, {"key": "following-the-closing-date", "type": "clause", "offset": [1219, 1245]}, {"key": "original-warrant", "type": "definition", "offset": [1272, 1288]}, {"key": "to-the-company", "type": "clause", "offset": [1289, 1303]}, {"key": "the-company-shall", "type": "clause", "offset": [1325, 1342]}, {"key": "receipt-of", "type": "clause", "offset": [1363, 1373]}, {"key": "seller-a", "type": "definition", "offset": [1424, 1432]}, {"key": "new-warrant", "type": "definition", "offset": [1433, 1444]}, {"key": "the-amendment", "type": "clause", "offset": [1456, 1469]}], "size": 3, "snippet": "(a) Effective upon the Closing, the first paragraph of Section 2(b) of the Warrant shall be amended and restated as follows: \u201cIf and whenever on or after the Issuance Date, the Company issues or sells, or in accordance with this Section 2 is deemed to have issued or sold, any shares of Common Stock (including the issuance or sale of shares of Common Stock owned or held by or for the account of the Company, but excluding any Excluded Securities issued or sold or deemed to have been issued or sold) for a consideration per share (the \u201cNew Issuance Price\u201d) less than a price equal to the lower of (y) $1.12 (subject to adjustment for stock splits, stock dividends, recapitalizations or similar transactions) or (z) the Exercise Price in effect immediately prior to such issue or sale or deemed issuance or sale) (such lower price is referred to as the \u201cApplicable Price\u201d) (the foregoing a \u201cDilutive Issuance\u201d), then immediately after such Dilutive Issuance, the Exercise Price then in effect shall be reduced to the New Issuance Price. For purposes of determining the adjusted Exercise Price under this Section 2(b), the following shall be applicable:\u201d\n(b) In furtherance of the foregoing, the Seller shall, promptly following the Closing Date, tender and surrender the original Warrant to the Company for cancellation and the Company shall, promptly following receipt of such original Warrant, execute and deliver to the Seller a new Warrant reflecting the amendment set forth in Section 4(a).", "hash": "06dfbb0fff0ff907a4ddf913df92407a", "id": 2}, {"samples": [{"hash": "5HDHQ90TlM2", "uri": "/contracts/5HDHQ90TlM2#warrant-amendment", "label": "Merger and Share Exchange Agreement (Glori Energy Inc.)", "score": 25.3312797546, "published": true}, {"hash": "du8VZJ4lTeM", "uri": "/contracts/du8VZJ4lTeM#warrant-amendment", "label": "Merger and Share Exchange Agreement (Glori Energy Inc.)", "score": 25.2929496765, "published": true}, {"hash": "ghZGmDC2IMc", "uri": "/contracts/ghZGmDC2IMc#warrant-amendment", "label": "Merger Agreement (Infinity Cross Border Acquisition Corp)", "score": 25.0219020844, "published": true}], "snippet_links": [{"key": "the-warrant", "type": "clause", "offset": [0, 11]}, {"key": "in-effect", "type": "definition", "offset": [31, 40]}, {"key": "transaction-effective-time", "type": "definition", "offset": [51, 77]}], "size": 3, "snippet": "The Warrant Amendment shall be in effect as of the Transaction Effective Time.", "hash": "e9cf898149d2246729aa28a76229d081", "id": 3}, {"samples": [{"hash": "5HDHQ90TlM2", "uri": "/contracts/5HDHQ90TlM2#warrant-amendment", "label": "Merger and Share Exchange Agreement (Glori Energy Inc.)", "score": 25.3312797546, "published": true}, {"hash": "du8VZJ4lTeM", "uri": "/contracts/du8VZJ4lTeM#warrant-amendment", "label": "Merger and Share Exchange Agreement (Glori Energy Inc.)", "score": 25.2929496765, "published": true}, {"hash": "ghZGmDC2IMc", "uri": "/contracts/ghZGmDC2IMc#warrant-amendment", "label": "Merger Agreement (Infinity Cross Border Acquisition Corp)", "score": 25.0219020844, "published": true}], "snippet_links": [{"key": "execution-of-this-agreement", "type": "clause", "offset": [25, 52]}, {"key": "holders-of", "type": "clause", "offset": [58, 68]}, {"key": "a-majority", "type": "clause", "offset": [69, 79]}, {"key": "in-the-aggregate", "type": "definition", "offset": [81, 97]}, {"key": "parent-public-warrants", "type": "definition", "offset": [106, 128]}, {"key": "parent-sponsor", "type": "definition", "offset": [137, 151]}, {"key": "ebc-warrants", "type": "clause", "offset": [152, 164]}, {"key": "consent-to-amend", "type": "clause", "offset": [174, 190]}, {"key": "effective-as-of-the", "type": "clause", "offset": [255, 274]}, {"key": "redomestication-effective-time", "type": "definition", "offset": [275, 305]}, {"key": "other-matters", "type": "clause", "offset": [317, 330]}, {"key": "the-exercise-price", "type": "definition", "offset": [345, 363]}, {"key": "purchaser-warrants", "type": "clause", "offset": [390, 408]}, {"key": "in-exchange", "type": "clause", "offset": [416, 427]}, {"key": "redemption-price", "type": "clause", "offset": [497, 513]}, {"key": "period-of", "type": "clause", "offset": [655, 664]}, {"key": "transaction-merger", "type": "clause", "offset": [785, 803]}, {"key": "provide-for-a", "type": "definition", "offset": [974, 987]}, {"key": "in-connection-with", "type": "clause", "offset": [1019, 1037]}, {"key": "certain-transactions", "type": "clause", "offset": [1038, 1058]}, {"key": "stock-on", "type": "definition", "offset": [1217, 1225]}, {"key": "day-period", "type": "definition", "offset": [1279, 1289]}, {"key": "days-after", "type": "definition", "offset": [1317, 1327]}, {"key": "consummation-of-the-transaction", "type": "clause", "offset": [1332, 1363]}], "size": 3, "snippet": "Immediately prior to the execution of this Agreement, the holders of a majority, in the aggregate, of the Parent Public Warrants and the Parent Sponsor/EBC Warrants signed a consent to amend the Parent Public Warrants and the Parent Sponsor/EBC Warrants, effective as of the Redomestication Effective Time, to, among other matters: (a) increase the exercise price of such warrants (and any Purchaser Warrants issued in exchange therefor) from $7.00 per share to $10.00 per share, (b) increase the redemption price of such warrants (and any Purchaser Warrants issued in exchange therefor) from $10.50 per share to $15.00 per share, (c) extend the exercise period of such warrants (and any Purchaser Warrants issued in exchange therefor) from three (3) years after the completion of the Transaction Merger to five (5) years after the completion of the Transaction Merger, (d) delete the provision in such warrants (and any Purchaser Warrants issued in exchange therefor) that provide for a decrease in the exercise price in connection with certain transactions and (e) allow such warrants (and any Purchaser Warrants issued in exchange therefor) to be converted, at the holder\u2019s option, into shares of Purchaser Common Stock on a one (1) for ten (10) basis, during the thirty (30) day period commencing thirty-one (31) days after the consummation of the Transaction Merger (the \u201cWarrant Amendment\u201d).", "hash": "2256085e70fccf6f0493c31574a26e4b", "id": 4}, {"samples": [{"hash": "hSP7ttuk1g4", "uri": "/contracts/hSP7ttuk1g4#warrant-amendment", "label": "Share Exchange Agreement (Legacy Acquisition Corp.)", "score": 31.1957569122, "published": true}], "snippet_links": [{"key": "efforts-to-obtain", "type": "clause", "offset": [53, 70]}, {"key": "holders-of", "type": "clause", "offset": [98, 108]}, {"key": "purchaser-warrants", "type": "clause", "offset": [141, 159]}, {"key": "issued-to", "type": "definition", "offset": [180, 189]}, {"key": "the-ipo", "type": "clause", "offset": [203, 210]}, {"key": "purchaser-public-warrants", "type": "definition", "offset": [217, 242]}, {"key": "agreement-between", "type": "clause", "offset": [279, 296]}, {"key": "trust-company", "type": "definition", "offset": [340, 353]}, {"key": "dated-as-of", "type": "definition", "offset": [355, 366]}, {"key": "as-amended", "type": "definition", "offset": [386, 396]}, {"key": "from-time-to-time", "type": "clause", "offset": [397, 414]}, {"key": "half-share", "type": "clause", "offset": [568, 578]}, {"key": "the-warrant-agreement", "type": "clause", "offset": [670, 691]}, {"key": "right-to-receive", "type": "clause", "offset": [740, 756]}, {"key": "at-the-closing", "type": "clause", "offset": [765, 779]}, {"key": "gross-cash", "type": "definition", "offset": [795, 805]}, {"key": "the-trust-fund", "type": "clause", "offset": [809, 823]}, {"key": "received-by-purchaser", "type": "clause", "offset": [841, 862]}, {"key": "the-subscription-agreements", "type": "clause", "offset": [869, 896]}, {"key": "before-the-closing", "type": "clause", "offset": [1165, 1183]}, {"key": "to-amend", "type": "definition", "offset": [1264, 1272]}, {"key": "agreement-to-provide", "type": "clause", "offset": [1285, 1305]}, {"key": "pursuant-to", "type": "definition", "offset": [1374, 1385]}, {"key": "warrants-purchase-agreement", "type": "clause", "offset": [1399, 1426]}, {"key": "private-warrant", "type": "definition", "offset": [2209, 2224]}, {"key": "the-public", "type": "definition", "offset": [2254, 2264]}, {"key": "warrant-amendments", "type": "clause", "offset": [2289, 2307]}, {"key": "support-agreement", "type": "clause", "offset": [2342, 2359]}, {"key": "notwithstanding-the", "type": "definition", "offset": [2385, 2404]}, {"key": "the-sponsor", "type": "clause", "offset": [2481, 2492]}, {"key": "sponsor-private-placement-warrants", "type": "definition", "offset": [2499, 2533]}, {"key": "all-rights", "type": "clause", "offset": [2556, 2566]}, {"key": "to-receive-cash-consideration", "type": "clause", "offset": [2567, 2596]}, {"key": "in-exchange", "type": "clause", "offset": [2597, 2608]}, {"key": "amendment-and", "type": "clause", "offset": [2679, 2692]}, {"key": "purchaser-common-shares", "type": "clause", "offset": [2727, 2750]}, {"key": "beneficial-holders", "type": "definition", "offset": [2816, 2834]}, {"key": "option-to-exchange", "type": "clause", "offset": [2924, 2942]}, {"key": "such-purchaser", "type": "definition", "offset": [2943, 2957]}, {"key": "in-lieu-of", "type": "clause", "offset": [3058, 3068]}, {"key": "the-consideration", "type": "clause", "offset": [3069, 3086]}, {"key": "in-connection-with", "type": "clause", "offset": [3131, 3149]}, {"key": "the-purchaser-shall", "type": "clause", "offset": [3174, 3193]}, {"key": "amendment-to-this-agreement", "type": "clause", "offset": [3250, 3277]}, {"key": "commercially-reasonable-efforts", "type": "definition", "offset": [3287, 3318]}, {"key": "the-sec", "type": "definition", "offset": [3357, 3364]}, {"key": "proxy-statement", "type": "definition", "offset": [3367, 3382]}, {"key": "approval-of", "type": "definition", "offset": [3415, 3426]}, {"key": "of-the-purchaser", "type": "clause", "offset": [3439, 3455]}, {"key": "contemplated-hereby", "type": "clause", "offset": [3498, 3517]}, {"key": "in-accordance-with", "type": "definition", "offset": [3519, 3537]}, {"key": "by-the-purchaser", "type": "clause", "offset": [3554, 3570]}, {"key": "organizational-documents", "type": "clause", "offset": [3573, 3597]}, {"key": "applicable-law", "type": "definition", "offset": [3622, 3636]}, {"key": "applicable-rules-and-regulations", "type": "definition", "offset": [3645, 3677]}, {"key": "the-new-york-stock-exchange", "type": "clause", "offset": [3693, 3720]}, {"key": "as-soon-as-possible", "type": "definition", "offset": [3859, 3878]}, {"key": "in-order-to", "type": "clause", "offset": [3890, 3901]}, {"key": "a-special-meeting", "type": "clause", "offset": [3907, 3924]}, {"key": "to-approve", "type": "clause", "offset": [3973, 3983]}, {"key": "subject-to-the", "type": "definition", "offset": [4039, 4053]}, {"key": "provisions-of-this-section", "type": "clause", "offset": [4062, 4088]}, {"key": "the-covenants", "type": "clause", "offset": [4095, 4108]}, {"key": "mutatis-mutandis", "type": "clause", "offset": [4169, 4185]}, {"key": "addition-of-new-section", "type": "clause", "offset": [4213, 4236]}, {"key": "the-agreement", "type": "clause", "offset": [4245, 4258]}, {"key": "article-vi", "type": "clause", "offset": [4260, 4270]}], "size": 3, "snippet": "Purchaser shall use its commercially reasonable best efforts to obtain the vote or consent of the holders of at least 65% of the outstanding Purchaser Warrants that were initially issued to investors in the IPO (the \u201cPurchaser Public Warrants\u201d) to (a) amend that certain Warrant Agreement between Purchaser and Continental Stock Transfer & Trust Company, dated as of November 16, 2017 (as amended from time to time, the \u201cWarrant Agreement\u201d), to provide, among other things, that each outstanding Purchaser Public Warrant shall no longer be exercisable to purchase one-half share of a Purchaser Common Share for $5.75 per half-share (subject to adjustment as provided in the Warrant Agreement) and instead shall be converted solely into the right to receive (i) if, at the Closing, the aggregate gross Cash in the Trust Fund and the proceeds received by Purchaser under the Subscription Agreements equals at least $225,000,000, $1.00 in cash or (ii) if, at the Closing, the aggregate gross Cash in the Trust Fund and the proceeds received by Purchaser under the Subscription Agreements is less than $225,000,000, $0.50 in cash (one-half of which shall be paid on or before the Closing) and 0.55 of a Purchaser Common Share (the \u201cPublic Warrant Amendment\u201d), and (b) to amend the Warrant Agreement to provide, among other things, that each outstanding Purchaser Warrant issued pursuant to that certain Warrants Purchase Agreement between Purchaser and Sponsor (the \u201cPurchaser Private Placement Warrants\u201d) shall no longer be exercisable to purchase one-half share of a Purchaser Common Share for $5.75 per half-share (subject to adjustment as provided in the Warrant Agreement) and instead shall be converted solely into the right to receive (i) if, at the Closing, the aggregate gross Cash in the Trust Fund and the proceeds received by Purchaser under the Subscription Agreements equals at least $225,000,000, $1.00 in cash or (ii) if, at the Closing, the aggregate gross Cash in the Trust Fund and the proceeds received by Purchaser under the Subscription Agreements is less than $225,000,000, $0.50 in cash (one-half of which shall be paid on or before the Closing) and 0.55 of a Purchaser Common Share (the \u201cPrivate Warrant Amendment\u201d and together with the Public Warrant Amendment, the \u201cWarrant Amendments\u201d). Purchaser shall enter into the Support Agreement which shall provide that notwithstanding the Warrant Amendments, 14,587,770 Purchaser Private Placement Warrants held by the Sponsor (the \u201cSponsor Private Placement Warrants\u201d) shall waive any and all rights to receive cash consideration in exchange for such Sponsor Private Placement Warrants under the Private Warrant Amendment and shall instead solely receive 0.11 Purchaser Common Shares per Sponsor Private Placement Warrant. Purchaser shall offer the beneficial holders of the remainder of the outstanding Purchaser Private Placement Warrants (2,912,230) the option to exchange such Purchaser Private Placement Warrants for 0.11 Purchaser Common Shares per Purchaser Private Placement Warrant in lieu of the consideration set forth in the Private Warrant Amendment. In connection with the Warrant Amendments, the Purchaser shall, as promptly as practicable after the date of the First Amendment to this Agreement, use its commercially reasonable efforts to prepare and cause to be filed with the SEC a proxy statement in preliminary form seeking the approval of the holders of the Purchaser Public Warrants of the Warrant Amendments contemplated hereby, in accordance with and as required by the Purchaser\u2019s organizational documents, the Warrant Agreement, applicable Law and any applicable rules and regulations of the SEC and the New York Stock Exchange and have such proxy statement declared effective by the SEC and mail such proxy statement to all holders of the Purchaser Public Warrants as soon as possible thereafter in order to hold a special meeting of the holders of the Purchaser Public Warrants to approve the Warrant Amendments as soon as possible thereafter. Subject to the express provisions of this Section 6.24, the covenants in Sections 6.5(b) and 6.5(c) of this Agreement shall apply mutatis mutandis to this Section 6.24.\u201d\n(g) Addition of new Section 6.26 to the Agreement. Article VI of the Agreement is hereby amended by inserting the following new Section 6.26 after Section 6.25:", "hash": "e74d67b9861ef5fd3f5e5517034ed7cd", "id": 6}, {"samples": [{"hash": "gL1nqSWjmyp", "uri": "/contracts/gL1nqSWjmyp#warrant-amendment", "label": "Note Conversion Agreement", "score": 29.3408622742, "published": true}, {"hash": "8MSCp83Mhx5", "uri": "/contracts/8MSCp83Mhx5#warrant-amendment", "label": "Note Conversion and Warrant Amendment Agreement (Surna Inc.)", "score": 26.2443523407, "published": true}], "snippet_links": [{"key": "terms-and-conditions-of-this-agreement", "type": "clause", "offset": [15, 53]}, {"key": "on-the-effective-date", "type": "clause", "offset": [55, 76]}, {"key": "the-note", "type": "clause", "offset": [154, 162]}, {"key": "to-provide", "type": "clause", "offset": [258, 268]}, {"key": "call-price-per-share", "type": "definition", "offset": [288, 308]}, {"key": "exercise-price-per-share", "type": "definition", "offset": [461, 485]}, {"key": "terms-of-the-warrants", "type": "clause", "offset": [536, 557]}, {"key": "full-force-and-effect", "type": "clause", "offset": [620, 641]}, {"key": "initial-note-holder", "type": "definition", "offset": [643, 662]}], "size": 2, "snippet": "Subject to the terms and conditions of this Agreement, on the Effective Date, the following amendments will be automatically made to each Warrant held by the Note Holder:\na) Section 2(b) of each Warrant held by the Note Holder shall be automatically amended to provide that the mandatory call price per share shall be reduced from $3.60 to $___________.\nb) Section 2(c) of each Warrant held by the Note Holder shall be automatically amended to provide that the exercise price per share shall be reduced from $3.00 to $_______. No other terms of the Warrants are being amended, and the Warrants shall remain otherwise in full force and effect. Initial Note Holder _________ Initial Surna _________", "hash": "c27058fea55ebc873a43437c6f248b9b", "id": 7}, {"samples": [{"hash": "lkhS97N6IvL", "uri": "/contracts/lkhS97N6IvL#warrant-amendment", "label": "Stock Purchase Agreement (Idenix Pharmaceuticals Inc)", "score": 18.0, "published": true}, {"hash": "5wYhwuRnGMg", "uri": "/contracts/5wYhwuRnGMg#warrant-amendment", "label": "Stock Purchase Agreement (Idenix Pharmaceuticals Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "series-c-warrant", "type": "definition", "offset": [4, 20]}, {"key": "defined-in-section", "type": "clause", "offset": [35, 53]}, {"key": "full-force-and-effect", "type": "clause", "offset": [76, 97]}], "size": 2, "snippet": "The Series C Warrant Amendment (as defined in Section 12.15(a)) shall be in full force and effect.", "hash": "f534475ff90f00f6b23450f01342d07b", "id": 8}, {"samples": [{"hash": "d7BNvA91NOl", "uri": "/contracts/d7BNvA91NOl#warrant-amendment", "label": "Loan Agreement (EVCI Career Colleges Holding Corp)", "score": 21.0, "published": true}, {"hash": "8T4GxlAJGPe", "uri": "/contracts/8T4GxlAJGPe#warrant-amendment", "label": "Loan Agreement (Comvest Investment Partners Iii, Lp)", "score": 21.0, "published": true}], "snippet_links": [{"key": "the-borrower-shall", "type": "clause", "offset": [0, 18]}, {"key": "executed-and-delivered", "type": "clause", "offset": [24, 46]}, {"key": "amendments-to-the", "type": "clause", "offset": [61, 78]}, {"key": "outstanding-warrants", "type": "definition", "offset": [79, 99]}, {"key": "by-the-lender", "type": "clause", "offset": [105, 118]}, {"key": "stock-of-the-borrower", "type": "clause", "offset": [148, 169]}, {"key": "reduction-of", "type": "clause", "offset": [193, 205]}, {"key": "the-exercise-price", "type": "definition", "offset": [206, 224]}, {"key": "the-right", "type": "clause", "offset": [300, 309]}, {"key": "with-respect-to", "type": "clause", "offset": [311, 326]}, {"key": "require-the", "type": "clause", "offset": [367, 378]}, {"key": "for-cash", "type": "definition", "offset": [416, 424]}, {"key": "purchase-prices", "type": "definition", "offset": [479, 494]}, {"key": "subject-to", "type": "definition", "offset": [501, 511]}, {"key": "the-warrants", "type": "clause", "offset": [580, 592]}, {"key": "amendments-to-be-in", "type": "clause", "offset": [599, 618]}, {"key": "form-and-substance", "type": "clause", "offset": [619, 637]}], "size": 2, "snippet": "The Borrower shall have executed and delivered to the Lender amendments to the outstanding warrants held by the Lender to purchase shares of common stock of the Borrower, providing for (a) the reduction of the exercise price of one-half of such warrants to $.01 per share, and granting to the Lender the right, with respect to the other one-half of such warrants, to require the Borrower to repurchase such warrants for cash at a price of $.50 per warrant, all such exercise and purchase prices to be subject to adjustment in a manner consistent with the adjustment provisions of the warrants; such amendments to be in form and substance reasonably satisfactory to the Lender.", "hash": "2483c9d97b1a150b0f86ae27fa7aa105", "id": 9}, {"samples": [{"hash": "cIr0eAUwPLQ", "uri": "/contracts/cIr0eAUwPLQ#warrant-amendment", "label": "Note and Warrant Amendment Agreement (Novadel Pharma Inc)", "score": 19.0164279938, "published": true}, {"hash": "NX7X1HB8c2", "uri": "/contracts/NX7X1HB8c2#warrant-amendment", "label": "Note and Warrant Amendment Agreement (Proquest Investments Ii Lp)", "score": 19.0109519958, "published": true}], "snippet_links": [{"key": "upon-the-effective-date", "type": "clause", "offset": [10, 33]}, {"key": "the-exercise-price", "type": "definition", "offset": [35, 53]}, {"key": "schedule-a", "type": "definition", "offset": [86, 96]}, {"key": "new-exercise-price", "type": "definition", "offset": [171, 189]}, {"key": "the-foregoing", "type": "clause", "offset": [291, 304]}, {"key": "number-of-shares-of-common-stock", "type": "clause", "offset": [345, 377]}, {"key": "certain-warrants", "type": "clause", "offset": [389, 405]}, {"key": "pipe-warrants", "type": "definition", "offset": [426, 439]}, {"key": "the-company-agrees", "type": "clause", "offset": [500, 518]}, {"key": "after-the-effective-date", "type": "clause", "offset": [559, 583]}, {"key": "the-company-will", "type": "clause", "offset": [585, 601]}, {"key": "new-warrants", "type": "clause", "offset": [608, 620]}, {"key": "the-holders", "type": "clause", "offset": [624, 635]}, {"key": "in-exchange", "type": "clause", "offset": [636, 647]}, {"key": "old-warrants", "type": "definition", "offset": [656, 668]}], "size": 2, "snippet": "Effective upon the Effective Date, the exercise price of each Warrant as set forth on Schedule A (referred to herein as the \u201cOld Warrant\u201d) is hereby amended such that the new exercise price of each Warrant shall be $0.1888 per share (referred to herein as the \u201cNew Warrant\u201d). In addition to the foregoing, effective upon the Effective Date, the number of shares of Common Stock underlying certain Warrants (referred to as the PIPE Warrants) shall be reduced by 10% as reflected on Schedule A hereto. The Company agrees that, as soon as reasonably practicable after the Effective Date, the Company will issue New Warrants to the Holders in exchange for the Old Warrants.", "hash": "3bf02be68cb4e9f5c061cd9fd029fdd0", "id": 10}], "next_curs": "CloSVGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjYLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ihp3YXJyYW50LWFtZW5kbWVudCMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"parents": [["representations-and-warranties-of-the-purchaser-the-parent-and-merger-sub", "REPRESENTATIONS AND WARRANTIES OF THE PURCHASER, THE PARENT AND MERGER SUB"], ["conditions-to-closing", "Conditions to Closing"], ["exclusivity-of-representations", "Exclusivity of Representations"], ["merger-consideration-conversion-of-securities", "Merger Consideration Conversion of Securities"], ["conditions-to-the-mergers", "Conditions to the Mergers"]], "size": 79, "title": "Warrant Amendment", "children": [["", ""], ["warrant-amendment", "Warrant Amendment"], ["amendments", "AMENDMENTS"], ["term", "Term"], ["number-of-shares", "Number of Shares"]], "id": "warrant-amendment", "related": [["amendment-of-existing-warrant-agreement", "Amendment of Existing Warrant Agreement", "Amendment of Existing Warrant Agreement"], ["warrant-agreement", "Warrant Agreement", "Warrant Agreement"], ["warrant-agent-agreement", "Warrant Agent Agreement", "Warrant Agent Agreement"], ["agreement-amendment", "Agreement Amendment", "Agreement Amendment"], ["amendment-agreement", "AMENDMENT AGREEMENT", "AMENDMENT AGREEMENT"]], "related_snippets": [], "updated": "2025-12-24T05:36:35+00:00", "also_ask": ["What are the essential terms that must be included in a warrant amendment to ensure enforceability?", "How can parties strategically use warrant amendments to renegotiate economic terms or dilution protections?", "What are the most common legal pitfalls or fatal flaws in drafting warrant amendments?", "How do courts typically interpret and enforce warrant amendments in the event of a dispute?", "How do warrant amendment provisions compare across different jurisdictions or standard industry practices?"], "drafting_tip": "Specify amendment procedures, require written consent, and identify authorized parties to prevent unauthorized changes and ensure clarity of obligations.", "explanation": "A Warrant Amendment clause defines the process and conditions under which the terms of an existing warrant can be modified. This clause typically outlines who has the authority to approve changes, the procedures for making amendments, and any limitations or requirements, such as obtaining consent from warrant holders or the issuing company. Its core function is to provide a clear and structured method for updating warrant terms, ensuring all parties understand how changes can be made and reducing the risk of disputes over unauthorized or unclear modifications."}, "json": true, "cursor": ""}}