Unit Purchase Options definition
Examples of Unit Purchase Options in a sentence
Subject to the rights of the holders of securities issued or issuable upon exercise of those certain Unit Purchase Options to be issued to EarlyBirdCapital, Inc.
Notwithstanding anything to the contrary contained herein, the Warrants underlying the Unit Purchase Option shall not be subject to redemption by the Company except under the terms and conditions set forth in the Unit Purchase Options.
This Agreement shall terminate at the close of business on the earlier of the Warrant Expiration Date or the date upon which all Warrants (including the warrants issuable upon exercise of the Unit Purchase Options) have been exercised, except that the Warrant Agent shall account to the Company for cash held by it and the provisions of Section 15 hereof shall survive such termination.
Section 5.3 of the Unit Purchase Options is hereby deleted in its entirety.
Except as specifically amended above, the Unit Purchase Options shall remain in full force and effect and is hereby ratified and confirmed.
The Company further covenants and agrees that upon exercise of the Warrants underlying the Unit Purchase Options and payment of the respective Warrant exercise price therefor, all shares of Common Stock and other securities issuable upon such exercise shall be duly and validly issued, fully paid and non-assessable and not subject to preemptive rights of any stockholder.
As a condition of the Holder's receipt and acceptance of this Unit Purchase Option, ▇▇▇▇▇▇ agrees that, at any time prior to the complete exercise of this Unit Purchase Option by Holder, if the Company and Newbridge enter into an agreement (the "Exchange Agreement") pursuant to which they agree that all outstanding Unit Purchase Options will be exchanged for securities or cash or a combination of both, then Holder shall agree to such exchange and become a party to the Exchange Agreement.
The Article and Section headings herein and in the Original Indenture and the Securities are for convenience only and shall not affect the construction hereof.
The Company shall within five business days transfer this Unit Purchase Option on the books of the Company and shall execute and deliver a new Unit Purchase Option or Unit Purchase Options of like tenor to the appropriate assignee(s) expressly evidencing the right to purchase the aggregate number of Units purchasable hereunder or such portion of such number as shall be contemplated by any such assignment.
The Company covenants and agrees that, upon exercise of the Unit Purchase Options and payment of the Exercise Price therefor, all shares of Common Stock and other securities issuable upon such exercise shall be duly and validly issued, fully paid and non-assessable and not subject to preemptive rights of any stockholder.