Basic Subscription Privilege. The Investor agrees, upon the consummation of the Rights Offering and at the Subscription Price, to acquire the number of shares of Class A Common Stock as equals the number of Rights Shares that the Investor would otherwise have been entitled to purchase in the Rights Offering, and agrees not to exercise or sell the Basic Subscription Privilege in the Rights Offering but rather will allow it to expire. The Investor’s obligation to purchase the shares of Class A Common Stock pursuant to this Section 2.1 is conditioned upon the consummation of the Rights Offering in accordance with its terms.
Basic Subscription Privilege. For every fifty (50) Company Common Shares that a holder of record holds as of the Effective Time, the Subscription Rights Agent shall distribute by way of book entry credit in the Company's transfer books for the account of such holder three (3) uncertificated Subscription Rights, with each Subscription Right exercisable to purchase one Underlying Share at $20.00 per share (the "SUBSCRIPTION PRICE") (with such Underlying Shares to be issued and distributed by way of book entry credit in the Surviving Corporation's transfer books for the account of by the Surviving Corporation through the Subscription Rights Agent, and with all proceeds on account of any exercise of Subscription Rights to go to the Surviving Corporation, subject to fees and expenses) (the "BASIC SUBSCRIPTION PRIVILEGE"). For purposes of clarity, it is agreed and understood that holders of Company Common Shares may exercise the Subscription Rights granted to such holders in connection herewith in whole or in part.
Basic Subscription Privilege. As soon as practicable after the Expiration Date, the Subscription Agent will mail to each Holder who validly exercised the Basic Subscription Privilege certificates representing Underlying Shares purchased pursuant to the Basic Subscription Price.
Basic Subscription Privilege. FULL Exercise A Subscription is hereby made for ALL of the shares covered by the basic subscription rights as set forth above, for the aggregate Subscription Price set forth above o Only one of Box A or Box B may be checked
Basic Subscription Privilege. PARTIAL Exercise B Subscription is hereby made for FEWER THAN ALL of the shares covered by the basic subscription rights. o If Box B is checked, please complete the following two items: Number of shares subscribed for: Subscription Price ($0.075 multiplied by the number of shares subscribed for): $
Basic Subscription Privilege. The maximum number of Rights that may be exercised pursuant to the Basic Subscription Privilege is shown in the box on the upper right hand corner of the face of the Rights Certificate. Form 1 must be completed and signed to exercise all or some of the Rights represented by the Rights Certificate pursuant to the Basic Subscription Privilege. If Form 1 is completed so as to exercise some but not all of the Rights represented by the Rights Certificate, the holder of the Rights Certificate will be deemed to have waived the unexercised balance of such Rights, unless the Subscription Agent is otherwise specifically advised by such holder at the time the Rights Certificate is surrendered that the Rights are to be transferred to a third party or are to be retained by the holder.
Basic Subscription Privilege. The Subscription Agent will deliver to each exercising Record Holder each Share subscribed for pursuant to the Basic Subscription Right.
Basic Subscription Privilege. Subscriber elects to exercise his or her Basic Subscription Privilege as follows: (check one) [ ] EXERCISE IN FULL to purchase one new share for each share owned on the Record Date. [NOTE: If you already own more than 150,000 shares, the Company reserves the right to limit this purchase if and to the extent necessary to keep your percentage ownership from exceeding 9.9% of the outstanding shares.] [ ] PARTIAL EXERCISE to purchase ______________ shares. Oversubscription Privilege: [Fill in this section only if you have exercised the Basic Subscription Privilege in full.] In addition to exercising the Basic Subscription Privilege in full, the undersigned elects to exercise his or her Oversubscription Privilege as follows: [ ] PURCHASE _______________ ADDITIONAL SHARES, subject to proration and applicable limits on purchase [NOTE: If you want to purchase the maximum possible number of shares, it is suggested that you subscribe for that number of shares which will increase your beneficial ownership to 603,720 shares. This is the maximum ownership that will be permitted if all of the offered shares are sold. If fewer than all of the offered shares are sold, NEIC will reduce the subscription such that your beneficial ownership will not exceed 9.9% of the total outstanding shares of Common Stock.] Calculation of Total Subscription Price: This subscription must be accompanied by payment of the total subscription price in the amount of $x.xx per share subscribed for, as follows: Total shares subscribed for: ________ x $x.xx per share = $___________.
Basic Subscription Privilege. The Subscriber hereby irrevocably subscribes for ( ) shares of common stock of the Company (the “Shares”) pursuant to the exercise of the Subscriber’s Basic Subscription Privilege at $6.50 per share. Subscribers will be entitled to purchase in the Rights Offering a number of shares equal to the number of shares held of record as of the record date of September 22, 2015 divided by 1.986103, rounded down to the nearest whole number.
Basic Subscription Privilege. The Investors agree, severally, and not jointly, upon the consummation of the Rights Offering and at the Subscription Price, to acquire in a private sale the number of shares of Common Stock as equals the number of Rights Shares that the Investors were entitled to purchase in the Rights Offering had all subscriptions been fully exercised and that were not purchased in the Rights Offering, subject to the approval of the TSX Venture Exchange.
