Common use of Exercise of the Warrants Clause in Contracts

Exercise of the Warrants. The undersigned hereby agree that the Warrant Agreement is hereby amended by adding the following last two sentences to Section 3.3.2: “In no event will the registered holder of a Warrant be entitled to receive a net-cash settlement or other consideration in lieu of physical settlement in shares of Common Stock if the Common Stock underlying the Warrants is not covered by an effective registration statement. Accordingly, the Warrants may expire unexercised and worthless if a current registration statement covering the Common Stock is not effective.”

Appears in 2 contracts

Sources: Warrant Clarification Agreement (Stone Arcade Acquisition CORP), Warrant Clarification Agreement (HD Partners Acquisition CORP)

Exercise of the Warrants. The undersigned hereby agree that the Warrant Agreement is hereby amended clarified and amended, effective as of the date of the Warrant Agreement, by adding the following last two sentences to the end of Section 3.3.2: “In no event will the registered holder of a Warrant be entitled to receive a net-cash settlement or other consideration in lieu of physical settlement in shares of Common Stock if the Common Stock underlying the Warrants is not covered by an effective registration statement. Accordingly, the Warrants may expire unexercised and worthless if a current registration statement covering the Common Stock is not effective.”

Appears in 1 contract

Sources: Warrant Clarification Agreement (Community Bankers Acquisition Corp.)