Common use of Delivery of Warrant Clause in Contracts

Delivery of Warrant. The Company shall deliver to Buyer the Warrant providing for the right of the holder thereof to purchase up to 500,000 shares of the Common Stock of the Company at a purchase price equal to the Purchase Price per share, as determined as provided above as of the Closing Date hereunder.

Appears in 1 contract

Sources: Securities Purchase Agreement (Galaxy Nutritional Foods Inc)

Delivery of Warrant. The Company shall deliver to Buyer the each Seller a Warrant providing for the right of the holder thereof to purchase up to 500,000 250,000 shares of the Common Stock of the Company at a purchase price equal to the Purchase Price $2.00 per share, as determined subject to adjustment as provided above as of in the Closing Date hereunderWarrant.

Appears in 1 contract

Sources: Stock Repurchase Agreement (Galaxy Nutritional Foods Inc)