Examples of Bridge Financing Agreement in a sentence
In connection with the Bridge Financing Agreement, the lender received a bonus of 333,333 common shares of the Company valued at $46,667, non-transferable warrants valued at $105,387 allowing for the purchase of up to, in the aggregate, 1,666,666 additional common shares of the Company at $0.15 per share, which expired unexercised on April 26, 2018, and cash finders fees of $30,000.
As used in this Warrant, the following terms shall have the respective definitions set forth in this Section 1, and capitalized terms not otherwise defined in this Warrant shall have the meaning set forth in the Bridge Financing Agreement dated the Original Issue Date by and between the Company and the Holder (the “Bridge Agreement”).
The representations and warranties set forth in Article IV of the Bridge Financing Agreement are hereby incorporated herein by reference.
Aspect shall be in full compliance with its obligations pursuant to the Bridge Financing Agreement.
It is, however, agreed to by each party hereto that a commitment for the New Debt is not a condition precedent to funding of the Bridge Financing Agreement or to Closing.