Common use of Warrant Clause in Contracts

Warrant. On the Initial Closing Date, the Company shall issue to the Purchaser a warrant to purchase up to a number of shares of Common Stock equal to $1,000,000 divided by the average of the VWAPs during the 15 Trading Days immediately prior to the Initial Closing (the "Warrant Base Price"). The Warrant shall have a term from its initial date of exercise of 3 years. The exercise price of the Warrant shall be 110% of the Warrant Base Price. The Common Stock underlying the Warrant will be registered in the Registration Statement referred to in Section 4.3 hereof. The Warrant shall be in the form of Exhibit E hereto.

Appears in 2 contracts

Samples: Common Stock Purchase Agreement (Data Race Inc), Common Stock Purchase Agreement (Data Race Inc)

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Warrant. On the Initial Closing Date, the Company shall issue to the Purchaser a warrant certificate to purchase up to a number of shares of Common Stock equal to $1,000,000 300,000 divided by the average of the VWAPs during the 15 five (5) Trading Days immediately prior to the Initial Closing Date (the "Warrant Base Price"). The Warrant shall have a term from its initial date of exercise of 3 years. The exercise price of the Warrant shall be 110% of the Warrant Base Price. The Common Stock underlying the Warrant will be registered in the Registration Statement referred to in Section 4.3 hereof. The Warrant shall be in the form of Exhibit E hereto.

Appears in 2 contracts

Samples: Common Stock Purchase Agreement (Cel Sci Corp), Common Stock Purchase Agreement (Cel Sci Corp)

Warrant. On the Initial Closing Date, the Company shall issue to the Purchaser a warrant to purchase up to a number of 350,000 shares of Common Stock equal to $1,000,000 divided by Stock. The Warrant shall have a term from its initial date of issuance of 5 years. The exercise price of the Warrant shall be 110% of the average of the VWAPs during the 15 Trading Days immediately prior to the Initial Closing (the "Warrant Base Price"). The Warrant shall have a term from its initial date of exercise of 3 years. The exercise price of the Warrant shall be 110% of the Warrant Base PriceDate. The Common Stock underlying the Warrant will be registered in the Registration Statement referred to in Section 4.3 hereof. The Warrant shall be in the form of Exhibit E hereto.

Appears in 2 contracts

Samples: Common Stock Purchase Agreement (Network Commerce Inc), Common Stock Purchase Agreement (Network Commerce Inc)

Warrant. On the Initial Closing Date, the Company shall issue to the Purchaser a warrant certificate to purchase up to a number of shares of Common Stock equal to $1,000,000 5,000,000 divided by the average of VWAP on the VWAPs during the 15 Trading Days Day immediately prior to preceding the Initial Closing (the "Warrant Base Price")Date. The Warrant shall have a term from its initial date of exercise of 3 three (3) years. The exercise price of the Warrant shall be 110115% of the Warrant Base Priceaverage of the VWAPs during the fifteen (15) Trading Days immediately preceding the Initial Closing Date. The Common Stock underlying the Warrant will be registered in the Registration Statement referred to in Section 4.3 hereof. The Warrant shall be in the form of Exhibit E hereto.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (World Wide Wireless Communications Inc)

Warrant. On the Initial Closing Date, the Company shall issue to the Purchaser a warrant certificate to purchase up to a number of 50,000 shares of Common Stock equal to $1,000,000 divided by the average of the VWAPs during the 15 Trading Days immediately prior to the Initial Closing (the "Warrant Base PriceWarrant"). The Warrant shall have a term from its initial date of exercise of 3 yearsthree (3) years and exercisable from six (6) months after the Initial Closing Date. The exercise price of the Warrant shall be 110125% of the Warrant Base Priceaverage VWAP during the five (5) Trading Days immediately prior to the Initial Closing Date. The Common Stock underlying the Warrant will be registered in accordance with the Registration Statement referred to in Section 4.3 hereofRights Agreement. The Warrant shall be in the form of Exhibit EXHIBIT E hereto.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (On2com Inc)

Warrant. On the Initial Closing Date, the Company shall issue to the Purchaser a warrant to purchase up to a number of shares of Common Stock (the "Warrant Shares") equal to $1,000,000 divided by the average of the VWAPs during the 15 Trading Days immediately prior to the Initial Closing Date (the "Warrant Base Price"). The Warrant shall have a term from its initial date of exercise issuance of 3 7 years. The exercise price of the Warrant shall be 110115% of the Warrant Base Price. The Common Stock underlying the Warrant will be registered in the Registration Statement referred to in Section 4.3 hereof. The Warrant shall be in the form of Exhibit E hereto.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Calypte Biomedical Corp)

Warrant. On the Initial Closing Date, ------- the Company shall issue to the Purchaser a warrant certificate to purchase up to a number of shares of Common Stock equal to $1,000,000 500,000 divided by the average VWAP (the "Base Price") of the VWAPs Common Stock during the 15 fifteen (15) Trading Days immediately prior to the Initial Closing Date (the "Warrant Base PriceWarrant"). The Warrant shall have a term from its initial date of exercise of 3 three (3) years. The exercise price of the Warrant shall be 110% of the Warrant Base Price. The Common Stock underlying the Warrant will be registered in the Registration Statement referred to in Section 4.3 hereof. The Warrant shall be in the form of Exhibit EXHIBIT E hereto.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Absolutefuture Com)

Warrant. On the Initial Closing Date, the Company shall issue to the Purchaser a warrant to purchase up to a number of shares of Common Stock equal to $1,000,000 600,000 divided by the average of the VWAPs during the 15 Trading Days immediately prior to the Initial Closing Date (the "Warrant Base Price"). The Warrant shall have a term from its initial date of exercise issuance of 3 years. The exercise price of the Warrant shall be 110115% of the Warrant Base Price. The Common Stock underlying the Warrant will be registered in the Registration Statement referred to in Section 4.3 hereof. The Warrant shall be in the form of Exhibit E hereto.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (National Scientific Corp/Az)

Warrant. On the Initial Closing Date, the Company shall issue to the Purchaser a warrant to purchase up to a number of 350,000 shares of Common Stock equal to $1,000,000 divided by Stock, in the aggregate. The Warrant shall have a term from the date of issuance of five (5) years. The exercise price per share of the Warrant shall be 105% of the average of the VWAPs during the 15 fifteen (15) Trading Days immediately prior to the Initial Closing (the "Warrant Base Price"). The Warrant shall have a term from its initial date of exercise of 3 years. The exercise price of the Warrant shall be 110% of the Warrant Base PriceDate. The Common Stock underlying the Warrant will be registered in the Registration Statement referred to in Section 4.3 hereof. The Warrant shall be in the form of Exhibit EXHIBIT E hereto.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Open Market Inc)

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Warrant. On the Initial Closing Date, the Company shall issue to the Purchaser a warrant certificate to purchase up to a number of shares of Common Stock equal to $1,000,000 300,000 divided by the average of the VWAPs during the 15 five (5) Trading Days immediately prior to the Initial Closing Date (the "Warrant Base Price"). The Warrant shall have a term from its initial date of exercise of 3 5 years. The exercise price of the Warrant shall be 110% of the Warrant Base Price. The Common Stock underlying the Warrant will be registered in the Registration Statement referred to in Section 4.3 hereof. The Warrant shall be in the form of Exhibit E hereto.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Cel Sci Corp)

Warrant. On the Initial Closing Date, the Company shall ------- issue to the Purchaser a warrant to purchase up to a number of 100,000 shares of Common Stock equal to $1,000,000 divided by the average of the VWAPs during the 15 Trading Days immediately prior to the Initial Closing (the "Warrant Base Price")Stock. The Warrant shall have a term from its initial date of exercise of 3 years. The exercise price of the Warrant shall be 110125% of the Warrant Base Priceaverage of the VWAPs during the 15 Trading Days immediately prior to the Initial Closing Date. The Common Stock underlying the Warrant will be registered in the Registration Statement referred to in Section 4.3 hereof. The Warrant shall be in the form of Exhibit E hereto.. ---------

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Valicert Inc)

Warrant. On the Initial Closing Date, the Company shall issue to the Purchaser a warrant to purchase up to a number of 150,000 shares of Common Stock equal to $1,000,000 divided by the average of the VWAPs during the 15 Trading Days immediately prior to the Initial Closing (the "Warrant Base Price")Stock. The Warrant shall have a term from its initial date of exercise be exercisable for the period of 3 yearsyears beginning 6 months after the Initial Closing Date. The exercise price of the Warrant shall be 110125% of the Warrant Base Priceaverage of the 6 consecutive VWAPs immediately preceding the Initial Closing Date. The Common Stock underlying the Warrant will be registered in the Registration Statement referred to in Section 4.3 hereof. The Warrant shall be in the form of Exhibit E hereto.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (GTC Telecom Corp)

Warrant. On the Initial Closing Date, the Company shall issue to the Purchaser a warrant certificate to purchase up to a number of 100,000 shares of Common Stock equal to $1,000,000 divided by the average of the VWAPs during the 15 Trading Days immediately prior to the Initial Closing (the "Warrant Base PriceWarrant"). The Warrant shall have a term from its initial date of exercise of 3 three (3) years. The exercise price of the Warrant shall be 110the greater of (i) $5.73, or (ii) 125% of the Warrant Base Priceaverage VWAP during the five (5) Trading Days immediately prior to the Initial Closing Date. The Common Stock underlying the Warrant will be registered in the Registration Statement referred to in Section 4.3 hereof. The Warrant shall be in the form of Exhibit E hereto.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Medplus Inc /Oh/)

Warrant. On the Initial Closing Date, the Company shall issue to the Purchaser a warrant to purchase up to a number of shares of Common Stock (the "Warrant Shares") equal to $1,000,000 300,000 divided by the average of the VWAPs during the 15 Trading Days immediately prior to the Initial Closing Date (the "Warrant Base Price"). The Warrant shall have a term from its initial date of exercise of 3 5 years. The exercise price of the Warrant shall be 110115% of the Warrant Base Price. The Common Stock underlying the Warrant will be registered in the Registration Statement referred to in Section 4.3 hereof. The Warrant shall be in the form of Exhibit E hereto.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Path 1 Network Technologies Inc)

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