WARRANTS OF THE COMPANY. VMN agrees to issue, convey and transfer, and cause to be issued, conveyed and transferred to the Investor, Common Stock Purchase Warrants to purchase shares of Company Common Stock. The number of whole shares of Company Common Stock subject to the Warrants accompanying an Investor's Note will be determined by using conventional rounding and by dividing the principal amount of the Note by (i) if the IPO occurs prior to March 6, 1997, the IPO price, or (ii) if the IPO occurs on or after March 6, 1997, $4.00 per share. The exercise price of the Warrants is $0.001 per share of Common Stock, except that this price is adjustable in certain circumstances as set forth in the Warrant Agreement. A registration right is also included in the Warrant Agreement (Exhibit B hereto).
WARRANTS OF THE COMPANY. VMN agrees to issue, convey and transfer, and cause to be issued, conveyed and transferred to the Investor, Common Stock Purchase Warrants to purchase shares of Company Common Stock. The number of whole shares of Company Common Stock subject to the Warrants accompanying an Investor's Note will be determined by using conventional rounding and by dividing the principal amount of the Note by (i) if the IPO occurs prior to March 6, 1997, the IPO price or (ii) if the IPO does not occur prior to March 6, 1997, $4.00 per share. The exercise price of the Warrants is $0.001 per share of Common Stock, except that this price is adjustable in certain circumstances as set forth in the Warrant Agreement. A registration right is also included in the Warrant Agreement (Exhibit B hereto).
WARRANTS OF THE COMPANY. Each warrant to acquire Shares that is issued and outstanding immediately prior to the Effective Time shall, upon exercise thereof in accordance with its terms, entitle the holder thereof to receive solely the Merger Consideration with respect to each Share issuable upon the exercise of such warrant.
WARRANTS OF THE COMPANY. LVRE agrees to issue, convey and transfer, and cause to be issued, conveyed and transferred to the Investor, Common Stock Purchase Warrants to purchase shares of Company Common Stock. The number of whole shares of Company Common Stock subject to the Warrants accompanying an Investor's Note will be determined by using conventional rounding and by multiplying the principal amount of the Note by twenty percent (20%) and dividing the resultant product by $0.25. The exercise price of the Warrant is $0.001 per share of Common Stock, except that the price is adjustable in certain circumstances as set forth in the Warrant Agreement. A registration right is also included in the Warrant Agreement (Exhibit B hereto).
WARRANTS OF THE COMPANY. Concurrently with the execution of this Agreement, Purchaser and GECC shall enter into the Warrant Purchase Agreement in the form of Exhibit C attached hereto (the "Warrant Purchase Agreement"), providing for Purchaser's purchase of GECC's warrants to purchase Common Stock of the Company (the "Warrants") for the Aggregate Warrant Consideration referred to in Section 2.3.4 in accordance with the terms of the Warrant Purchase Agreement.
WARRANTS OF THE COMPANY. 4.1 The Company agrees to issue, convey and transfer, and cause to be issued, conveyed and transferred to DayStar, warrants to purchase 200,000 shares of Common Stock of the Company at an exercise price of $2.25 per share and 100,000 shares of the Common Stock at $5.00 per share (collectively the "Warrants"), each Warrant being exercisable for a period of three (3) years commencing at the later of: i) the date upon which the last advance of funds under this Agreement shall have been made; ii) 90 days following the date upon which the Common Stock of the Company commences trading in public market; or iii) the expiration of any waiting period as may be required by any Underwriter as defined herein. For the purposes of this Agreement, the term "the Underwriter," shall include the representative or representatives of the Underwriters in any proposed public offering and any other investment banker or placement agent with which Legacy has or may have a contractual relationship from time to time. In the event the PPO has not been completed by the expiration of seven (7) months after the date of the last advance in connection with the Loan, the number of Warrants issuable to DayStar shall increase, in the same ratio to each other as to price as originally issued, at a rate of four (4%) percent per month, until the earlier of: i) such time as the Note shall have been paid in full or; ii) the completion of the PPO. In no event shall the number of Warrants exceed 400,000 in the aggregate. The Company shall issue the Warrants to DayStar within ten (10) business days of its receipt of a written request for issuance of such Warrants from DayStar.
WARRANTS OF THE COMPANY. At the Effective Time, the warrants to purchase 20,000 shares of Company Common Stock issued to WireSpeed Communications Corp. dated May 22, 2000 (the "WireSpeed Warrants") shall be deemed to be assumed by Buyer and shall be converted into warrants to acquire, on the same terms and conditions as were applicable under the WireSpeed Warrants, the number of shares of Buyer Common Stock equal to (i) the number of shares of Company Common Stock subject to the WireSpeed Warrants, multiplied by (ii) the Exchange Ratio (such product rounded up to the nearest whole number), at an exercise price per share (rounded up or down to the nearest whole cent) equal to (y) the exercise price per share for the shares of Company Common Stock that were purchasable pursuant to the WireSpeed Warrants divided by (z) the Exchange Ratio.
WARRANTS OF THE COMPANY. PFC agrees to issue, convey and transfer, and cause to be issued, conveyed and transferred to the Investor, Common Stock Purchase Warrants to purchase shares of Company Common Stock. The number of whole shares of Company Common Stock subject to the Warrants accompanying an Investor's Note will be determined by using conventional rounding and by multiplying the principal amount of the Note by twenty percent (20%) and dividing the resultant product by the closing market price of the Company's common stock as traded on the OTC:BB symbol PGNF as of the date the warrants are exercised. The exercise price of the Warrants is $0.001 per share of Common Stock, except that this price is adjustable in certain circumstances as set forth in the Warrant Agreement. A registration right is also included in the Warrant Agreement (Exhibit B hereto).
