Extension Warrant definition
Examples of Extension Warrant in a sentence
After the expiration of the Founder Shares Lock-up Period, the Private Placement Lock-up Period, the Working Capital Warrant Lock-up Period, or the Extension Warrant Lock-up Period, as the case may be, the Holder may assign or delegate such Holder’s rights, duties or obligations under this Agreement, in whole or in part, to any transferee.
Each 2012 Extension Warrant shall entitle the holder thereof to purchase, for each dollar of its Original Loan Amount (or the New Note Amount, if such amount is less than the Original Loan Amount), one share of the Company’s Common Stock at an exercise price of $0.25 per share.
Each Potential Extension Warrant, if issued, shall be in the same form as the Public Warrants and shall be treated as a Public Warrant hereunder for all purposes.
In consideration of Lender accepting this Note and extending the Maturity Date as set forth in the Prior Note, Lender shall be issued a warrant ("Extension Warrant"), which shall provide Lender the right to purchase Five Hundred Twenty-Five Thousand (525,000) fully paid nonassessable shares of the Borrower's Common Stock, $0.001 par value per share ("Common Stock"), at an exercise price of $1.00 per share, subject to further adjustment and other terms as set forth in the Extension Warrant.
In no event shall the total warrants issued pursuant to this Section 3 (including the Extension Warrant) grant Lender the right to purchase more than an aggregate amount of 2,100,000 shares of Borrower's Common Stock.
The terms and provisions of the Additional Warrants shall be the same as the Extension Warrant except for the number of shares, the Date of Issuance and the Exercise Price.
Within fifteen (15) days after the First Amendment Effective Date, Borrower will deliver to each Lender Common Stock, the Early Conversion Warrant, a Second Amended and Restated Note (Plan A), a Second Amended and Restated Note (Plan B), the 2012 Extension Warrant and the Deferred Payments Warrant, all as applicable in accordance with each Lender’s elections under Section 1 of this First Amendment.
The Company shall issue and deliver the Extension Warrant to the Investor duly executed by the Company within five (5) Business Days following full execution hereof.
In consideration for effecting the conversion contemplated by Section 6.1 above, the Company shall issue to the Investor a warrant to purchase 3,727,778 shares of Common Stock of the Company in the form of Exhibit A attached hereto (“Early Conversion Warrant”, and together with the Extension Warrant, the “Warrants”).
The Extension Warrant and Amended Warrant shall each contain a clause providing that, from time to time, the exercise price of the warrant shall be adjusted downward to equal the lowest price of any (i) warrant for common stock issued by the Company to any employee, investor, or other Person, or (ii) stock option granted to any officer of the Borrower, provided, that such price adjustment shall not apply to warrants issued to Capello Capital Corp.