PURCHASE COMMON STOCK. For value received and subject to the provisions set forth in this warrant (this “Warrant”), PINNACLE VENTURES II EQUITY HOLDINGS, L.L.C. and its assigns are entitled to purchase from MASCOMA CORPORATION, a Delaware corporation (the “Company”): Warrant Coverage: $500,000 on the date hereof, which shall automatically increase from time to time by an amount equal to 1.5% of each Advance (as defined in the Loan Agreement (as defined below))
Appears in 3 contracts
Sources: Warrant Purchase Agreement (Mascoma Corp), Warrant Purchase Agreement (Mascoma Corp), Warrant Agreement (Mascoma Corp)