EXERCISE RIGHTS. Prior to the tenth anniversary of the Date of Issuance, the number of Warrants Shares with respect to which this Warrant may be exercised shall not exceed, at the time of any exercise hereof (together with all shares of Common Stock acquired pursuant to previous exercises hereunder) three-quarters of the total number of shares of Common Stock which have been issued upon the conversion, exchange or exercise, as applicable, of the Convertible Securities, the Floating Price Securities and the Options from the Date of Issuance through the Exercise Time (as hereinafter defined). From the tenth anniversary through and including the eleventh anniversary of the Date of Issuance, the purchase rights represented by this Warrant may be exercised, in whole or in part, for all Warrant Shares then issuable hereunder.
Appears in 3 contracts
Sources: Shareholders Agreement (Moore Robert W/Nv), Investment Agreement (Recovery Equity Investors Ii Lp), Security Agreement (Chadmoore Wireless Group Inc)