Warrant Share. A = the aggregate fair market value of the Pre-Converted Warrant Shares at the time the Conversion Right is elected pursuant to this Section 4(d) (i.e., Fair Market Value (as defined below) per Warrant Share x Pre-Converted Warrant Shares).
Warrant Share. The Warrant Price and the number of Warrant Shares which the Warrantholder is entitled to purchase is subject to adjustment upon the occurrence of the contingencies set forth in Section 3 of this Warrant, and as adjusted from time to time, such purchase price is hereinafter referred to as the "Warrant Price." This Warrant is subject to the following terms and conditions:
Warrant Share for each Warrant after the Issue Date and prior to the Expiry Time and in accordance with the conditions herein.
Warrant Share. The Exercise Price shall be subject to adjustment from time to time pursuant to the provisions of Section 5 hereof.
Warrant Share. The Warrant shall expire twenty-four months (24) months after the date of this Agreement and shall be exercisable at $0.30 per share of Common Stock for a period of one year, commencing one year after the date of this Agreement. In other words, the term of the Warrants is two years and they are not exercisable for the first twelve months after the date of this Agreement.
Warrant Share. B = The Purchase Price (as adjusted to the date of such calculations). A facsimile signature of the Registered Holder on the Purchase Form shall be sufficient for purposes of exercising this Warrant.
Warrant Share. The Warrant Shares will be entitled to the same registration rights afforded the Shares (and the shares of Common Stock issuable upon exercise of the accompanying Warrants) as set forth in the Subscription Agreement. The Placement Agent Warrants shall be purchasable pursuant to share purchase agreements (the "Share Purchase Warrants") in the form attached hereto as ----------------------- Exhibit B. ----------
Warrant Share. The Company shall not, upon any exercise of this Warrant, issue a certificate representing any fraction of a share of Ordinary Shares.
Warrant Share. Each Warrant not exercised during the period set forth above shall become void, and all rights thereunder and all rights in respect thereof under this Agreement shall cease, at the end of such period. For purposes of this Agreement, the term "Business Day" means any day of the week other than a Saturday, Sunday or a day which in the City of New York or in the city in which the principal office of the Company is located shall be a legal holiday or a day on which banking institutions are authorized or required by law to close.
