EFFECT OF EXERCISE definition
EFFECT OF EXERCISE. As to the amounts appointed, the exercise of this power will:
Election to Exercise shall have the meaning attributed thereto in Subsection 2.2(d).
Warrant Exercise Price means $0.01 per share.
Warrant Exercise Period shall commence (subject to Section 6(d) below), on the later of:
Notice of Exercise means a notice in writing addressed to the Company at its address first recited, which notice shall specify therein the number of Optioned Shares in respect of which the Option is being exercised;
Initial Exercise Price shall have the meaning set forth in Section 2.4.1.