Amendments to Warrants. The parties agree that each of the Warrants is hereby amended as follows (capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Warrant Agreements): (a) The Purchase Price set forth in the introductory paragraph is hereby changed from "$1.625" to "$0.625." (b) The Expiration Date is hereby changed from "January 27, 2003" to "November 1, 2003." (c) Section 1.1 is hereby deleted and replaced with the following: "This Warrant may be exercised in whole or in part at any time, and from time to time, during the period commencing on the date of this Warrant and expiring on November 1, 2003."
Appears in 2 contracts
Sources: Conversion Agreement (Dearman William M), Subordinated Note Payable Conversion Agreement (Jalate LTD Inc)