Common use of Warrant Issuances Clause in Contracts

Warrant Issuances. At Closing, the Company shall issue to each Buyer warrants to acquire 33,334 shares of Common Stock for each one million dollars ($1,000,000) invested in the form as attached as Exhibit "C" hereto. The Company shall, in addition to the Warrants otherwise issuable hereunder, issue to each Buyer such Warrants (the "LOCK-UP WARRANTS") as may be issuable to a Buyer pursuant to Section 2(i) of the Certificate of Designations. Each Warrant issued hereunder (including pursuant to Section 2(i) of the Certificate of Designations) shall be immediately exercisable and shall expire (to the extent not exercised) on the fifth (5th) anniversary of its issuance date.

Appears in 1 contract

Sources: Securities Purchase Agreement (Homecom Communications Inc)

Warrant Issuances. At Closing, the Company shall issue to each Buyer warrants to acquire 33,334 16,667 shares of Common Stock for each one million dollars ($1,000,000) invested in the form as attached as Exhibit "C" hereto. The Company shall, in addition to the Warrants otherwise issuable hereunder, issue to each Buyer such Warrants (the "LOCK-UP WARRANTS") as may be issuable to a Buyer pursuant to Section 2(i) of the Certificate of Designations. Each Warrant issued hereunder (including pursuant to Section 2(i) of the Certificate of Designations) shall be immediately exercisable and shall expire (to the extent not exercised) on the fifth (5th) anniversary of its issuance date.

Appears in 1 contract

Sources: Securities Purchase Agreement (Homecom Communications Inc)

Warrant Issuances. At Closing, the Company shall issue to each Buyer warrants to acquire 33,334 [16,667] shares of Common Stock for each one million dollars ($1,000,000) invested in the form as attached as Exhibit "C" hereto. The Company shall, in addition to the Warrants otherwise issuable hereunder, issue to each Buyer such Warrants (the "LOCK-UP WARRANTS") as may be issuable to a Buyer pursuant to Section 2(i) of the Certificate of Designations. Each Warrant issued hereunder (including pursuant to Section 2(i) of the Certificate of Designations) shall be immediately exercisable and shall expire (to the extent not exercised) on the fifth (5th) anniversary of its issuance date.

Appears in 1 contract

Sources: Securities Purchase Agreement (Homecom Communications Inc)