EXU Payment Warrants definition
EXU Payment Warrants means 10,000,000 warrants to purchase EXU Common Shares to be issued by EXU to the holders of BSS Warrants under the terms and conditions of this Agreement; each EXU Payment Warrant entitling the holder thereof to acquire one EXU Common Share during the 24 months following the Closing Date, at $0.15 per share;
Examples of EXU Payment Warrants in a sentence
The parties acknowledge and agree that the fair market value of the EXU Payment Warrants issued to the BSS Shareholders in exchange for the BSS Warrants will be equal to the fair market value of the BSS Warrants surrendered in exchange therefor.