Company shall include, in addition to the Company identified in the opening paragraph of this Warrant, any corporation or other entity that succeeds to the Companys obligations under this Warrant, whether by permitted assignment, by merger or consolidation or otherwise.
Expiration Date means 5:00 p.m. Pacific Time on December 11, 2029, or such earlier date and time on which this Warrant ceases to be exercisable as provided in Section 4 hereof.
Initial Public Offering means a firm commitment underwritten public offering pursuant to an effective registration statement filed under the Act covering the offer and sale of the Companys Common Stock for the account of the Company.
Person means an individual, corporation, limited liability company, partnership, association, joint-stock company, trust, unincorporated organization, joint venture or other entity or any governmental authority.
Securities means collectively this Warrant and the Warrant Stock issuable upon exercise of this Warrant.
Total Warrant Shares means 250,000 shares of Warrant Stock.
Vested Warrant Shares means Warrant Shares that are vested pursuant to Section 2.1 below.
Warrant means this Warrant and any warrant(s) delivered in substitution or exchange therefor, as provided herein.
Warrant Price means $0.43 per share. The Warrant Price is subject to adjustment as provided herein.
Warrant Stock means the Companys Common Stock, $0.0001 par value per share. The number and character of shares of Warrant Stock are subject to adjustment as provided herein and the term Warrant Stock shall include stock and other securities and property at any time receivable or issuable upon exercise of this Warrant taking into account all such adjustments.
Warrant Shares means shares of the Warrant Stock.
2.1 Vesting and Exercisability. This warrant will become vested and exercisable as to portions of the Total Warrant Shares as follows: (i) this Warrant shall not vest nor be exercisable with respect to any of the Warrant Shares until October 3, 2019 (the First Vesting Date); (ii) on the First Vesting Date, this Warrant shall become vested and exercisable as to 1/12th of the Total Warrant Shares; and (iii) thereafter on the same day of each full succeeding calendar month this Warrant will become vested and exercisable as to an additional 1/12th of the Total Warrant Shares subject to this Warrant until this Warrant is vested with respect to 100% of the Total Warrant Shares.