Warrant Compensation. Except as described in Section 3(e), Iridium shall compensate Motorola for incurring the Motorola Exposure by issuing warrants (the "Warrants") to purchase Class 1 Interests in Iridium ("Shares")
Warrant Compensation. Warrant compensation shall be as follows: --------------------- 25,000 warrants to purchase USEG common stock at a price of $3.75 per share to be vested when the stock trades at a closing price above $4.00 per share for a period of 10 consecutive business days. 25,000 warrants to purchase USEG common stock at a price of $4.50 per share to be vested when USEG trades at a closing price above $5.00 per share for a period of 10 consecutive business days. 25,000 warrants to purchase USEG common stock at a price of $5.50 per share to be exercised when the stock trades at a closing price above $6.00 per share for a period of 10 consecutive business days. Note: All warrants not exercised shall expire three years from the date of this agreement. These warrants will be exercisable only for cash.
Warrant Compensation. The Company shall issue PA, as the remainder of the compensation for the services provided by PA hereunder, a warrant (the “Warrant Fee” and with the Cash Fee, collectively, the “Fee”) in the form of the Warrant Agreement attached as Exhibit D. The Warrant Agreement will be exercisable for that number of shares of Series H Preferred Stock of the Company equal to the product of the number of shares of Series H Preferred Stock sold in the Financing to Qualified Investors and 0.05. In order for shares to be considered sold under this Section 2(b), the Company or its designated agent must have accepted possession of the applicable investment funds.
Warrant Compensation. In addition to the Advisory Fee, Post Success Services (if applicable), and Success Fee (if applicable), in exchange for the Services, Client shall issue to Xxxx Xxxxxx (“Xxxxxx”) warrants to purchase restricted shares of the common stock, $0.0001 par value per share (the “Common Stock”), of the Client (the “Warrants”) as set forth below:
Warrant Compensation. On the Effective Date, the Company will execute and deliver to the Consultant stock purchase warrants (the "Consulting Warrants") giving the Consultant the right upon exercise thereof to purchase 487,500 shares of the Company's Common Stock. The Consulting Warrants shall be exercisable upon issuance and shall expire five years after issuance by the Company and shall be in the form attached hereto as Exhibit A. The exercise price of the Consulting Warrants shall be determined as follows:
Warrant Compensation. Company shall issue to Xxxxxxx warrants exercisable for (5) years to purchase one hundred thousand (100,000) shares of the Company’s Common Stock (subject to AMEX approval) having an exercise price equal to the closing price of the Company’s common stock on the date hereof, subject to splits and adjustment (the “Warrant Compensation”). Such warrants shall be issued for cash consideration of $0.001 per underlying share and shall contain a provision for cashless exercise. The common stock underlying the warrants will have piggyback registration rights to the extent that the resale of such shares is not available under Rule 144.
Warrant Compensation. Consultant shall initially receive 50,000 warrants to purchase UPST common stock at a price of $3.00 price per share, and 50,000 warrants to purchase UPST common stock at $5.00 price per share on November 2, 2003 unless this Agreement is sooner terminated. Said warrants to have a 5 year life, exercisable at any time, with piggyback registration rights only on first available SEC Registration.
Warrant Compensation. Upon execution of this Agreement, the Company shall issue 250,000 warrants, subject to vesting requirements as set forth, to Employee entitling Employee to purchase non-callable no par voting common stock of the Company. Each warrant shall entitle the holder thereof to purchase one share of common stock as follows: Term Exercise Price per Share # of Shares Underlying Warrants Vesting* 5 years $ 2.00 30,000 Immediately 5 years $ 2.00 30,000 One Year 5 years $ 2.00 30,000 Two Years 5 years $ 2.00 30,000 Three Years 5 years $ 2.00 30,000 Four Years 150,000 Term Exercise Price per Share # of Shares Underlying Warrants Vesting* 5 years $ 3.00 6,666 Immediately 5 years $ 3.00 6,666 One Year 5 years $ 3.00 6,666 Two Years 5 years $ 3.00 6,666 Three Years 5 years $ 3.00 6,669 Four Years Term Exercise Price per Share # of Shares Underlying Warrants Vesting* 5 years $ 4.00 6,666 Immediately 5 years $ 4.00 6,666 One Year 5 years $ 4.00 6,666 Two Years 5 years $ 4.00 6,666 Three Years 5 years $ 4.00 6,669 Four Years
Warrant Compensation. The Placement Agent shall receive additional compensation in the form of warrants (“Placement Agent Warrants”) issuable to Westminster Securities Corp. or its designees to purchase shares of Common Stock, in an amount equal to four percent (4%) of the total number of shares of Common Stock underlying Units sold in the Offering, exercisable at the price per share of the Shares. The Placement Agent Warrants and the shares of Common Stock issuable upon exercise of the Placement Agent Warrants shall have piggy-back registration, anti-dilution and other rights as disclosed in the Transaction Documents, and shall be exercisable any time from the initial Closing Date until the third anniversary thereof. Warrant compensation shall be paid in full within thirty (30) days of the final Closing Date with respect to the total Units sold in the Offering.
Warrant Compensation. Except as set forth in Sections 3 (e) and 3(f), Iridium shall compensate Motorola for incurring the Motorola Exposure by issuing warrants (the "Warrants") to purchase Class 1 Interests in Iridium ("Shares") to Motorola in the amounts specified in the table below. The Warrants shall (i) be in substantially the form of the warrants issued pursuant to the Original Agreement Regarding Guarantee, (ii) provide for a ten year term and an exercise price of $0.00013 per Class 1 Interest; (iii) become exercisable on March 1, 2001 or upon receipt if issued after that date and (iv) provide for issuance of Shares that (A) with respect to Shares issued for Warrants received on or prior to November 1, 1998, may be sold without transfer restrictions (other than transfer restrictions imposed by the LLC Agreement, the Interest Exchange Agreement and applicable securities law) at any time after the fifth anniversary of the exercise of the Warrants and (B) with respect to Shares issued for Warrants received after November 1, 1998, may be sold without transfer restrictions (other than transfer restrictions imposed by the LLC Agreement, the Interest Exchange Agreement and applicable law) at any time after the exercise of the Warrants (a form of Warrant is attached hereto as Exhibit 1). In addition, in the event that Motorola earns Warrants with respect to periods beginning after March 1, 2001, at Motorola's election, Iridium shall compensate Motorola with Shares issued directly to Motorola in the amounts specified in the table below in lieu of Warrants.
