Common use of Warrant Coverage Clause in Contracts

Warrant Coverage. In consideration of entering into this Agreement, NetWolves will simultaneous with the execution of this Agreement issue a Warrant Agreement granting to Comdisco the right to purchase 175,000 shares of NetWolves Common Stock, for an Exercise Price of $10.00 per share, with a term of no less than five (5) years. The form of Warrant Agreement shall be as attached to this Agreement as Exhibit H, "Warrant Agreement". The number and purchase price of shares shall be subject to adjustment as provided in Section 8 of the Warrant Agreement. The Exercise Price may be paid at Comdisco's election either by cash or check or by surrender of Warrants ("Net Issuance") as determined in the Warrant Agreement.