Common use of Warrants Outstanding Clause in Contracts

Warrants Outstanding. Pursuant to the Plan, the Company has outstanding 8,423,290 of Series A Warrants and 8,423,290 Series B Warrants, each of which entitle the holder thereof to purchase one share of the Company’s common stock at $2.00 per share and which expire on August 31, 2008; 8,423,290 of Series C Warrants and 8,423,290 Series D Warrants each of which entitle the holder thereof to purchase one share of the Company’s common stock at $3.00 per share and which expire on August 31, 2008; and 8,423,290 Series E Warrants and 8,423,290 Series F Warrants each of which entitle the holder thereof to purchase one share of the Company’s common stock at $4.00 per share and which expire on August 31, 2008.

Appears in 3 contracts

Sources: Exchange Agreement (Nanotailor, Inc.), Exchange Agreement (Nanotailor, Inc.), Exchange Agreement (Nanotailor, Inc.)