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).
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Samples: Bridge Loan and Security Agreement (Virtual Mortgage Network Inc), Bridge Loan and Security Agreement (Virtual Mortgage Network Inc), Bridge Loan and Security Agreement (Virtual Mortgage Network Inc)
