Warrant Coverage. In consideration of the extension of the Commitment Period under Section 1.2 and the Maturity Date under Section 1.4 pursuant to Section 2.1 above, additional Warrants (together, the “May 2012 Extension Warrants”) to purchase an aggregate of 609,756 shares of Common Stock shall be issued to the Lenders, with each Lender entitled to receive a pro rata number of such May 2012 Extension Warrants based on the portion of the Committed Funds to be loaned by each such Lender. Such May 2012 Extension Warrants shall be in the form attached as Exhibit A hereto and shall have an Exercise Price equal to the Extension Exercise Price.
Appears in 2 contracts
Sources: Note and Warrant Purchase Agreement, Note and Warrant Purchase Agreement (Stereotaxis, Inc.)
Warrant Coverage. In consideration of the extension of the Commitment Period under Section 1.2 and the Maturity Date under Section 1.4 pursuant to Section 2.1 above, additional Warrants (together, the “May 2012 Further 2013 Extension Warrants”) to purchase an aggregate number of 609,756 shares of Common Stock equal to (a)(i) $3,000,000 multiplied by (ii) 2.5% divided by (b) the Extension Exercise Price shall be issued to the Lenders, with each Lender entitled to receive a pro rata number of such May 2012 Further 2013 Extension Warrants based on the portion of the Committed Funds to be loaned by each such Lender. Such May 2012 Further 2013 Extension Warrants shall be in the form attached as Exhibit A hereto and shall have an Exercise Price equal to the Extension Exercise Price.
Appears in 2 contracts
Sources: Note and Warrant Purchase Agreement, Note and Warrant Purchase Agreement (Stereotaxis, Inc.)
Warrant Coverage. In consideration of the extension of the Commitment Period under Section 1.2 and the Maturity Date under Section 1.4 pursuant to Section 2.1 above, additional Warrants (together, the “May 2012 2013 Extension Warrants”) to purchase an aggregate of 609,756 2,343,053 shares of Common Stock shall be issued to the Lenders, with each Lender entitled to receive a pro rata number of such May 2012 2013 Extension Warrants based on the portion of the Committed Funds to be loaned by each such Lender. Such May 2012 2013 Extension Warrants shall be in the form attached as Exhibit A hereto and shall have an Exercise Price equal to the Extension Exercise Price.
Appears in 1 contract
Sources: Note and Warrant Purchase Agreement (Stereotaxis, Inc.)
Warrant Coverage. In consideration of the extension of the Commitment Period under Section 1.2 and the Maturity Date under Section 1.4 pursuant to Section 2.1 above, additional Warrants (together, the “May 2012 Further 2013 Extension Warrants”) to purchase an aggregate number of 609,756 shares of Common Stock equal to (a)(i) $3,000,000 multiplied by (ii) 7.5% divided by (b) the Extension Exercise Price shall be issued to the Lenders, with each Lender entitled to receive a pro rata number of such May 2012 Further 2013 Extension Warrants based on the portion of the Committed Funds to be loaned by each such Lender. Such May 2012 Further 2013 Extension Warrants shall be in the form attached as Exhibit A hereto and shall have an Exercise Price equal to the Extension Exercise Price.
Appears in 1 contract
Sources: Note and Warrant Purchase Agreement (Stereotaxis, Inc.)