Amendment to Common Stock Purchase Warrant between Positron Corporation and Holder (May 2005)
Contract Categories:
Business Finance
›
Warrant Agreements
Summary
This amendment modifies the exercise period of a warrant originally issued by Positron Corporation to the holder, allowing the purchase of 1,000,000 shares of common stock. The new exercise period extends until August 31, 2005, or six months after a relevant SEC registration statement becomes effective, whichever is later. All other terms of the original warrant remain unchanged. The amendment is signed by Positron Corporation's president in May 2005.
EX-10.3 4 v018355_ex10-3.htm
EXHIBIT 10.3
AMENDMENT TO WARRANT
POSITRON CORPORATION
Section 12 of Positron Corporation Common Stock Purchase Warrant No. 99-__dated August 18, 1999 (the "Warrant") to ____________________(the "Holder") to purchase 1,000,000 shares of the Company's common stock is hereby amended to read as follows:
12. Exercise Period. The Exercise Period shall mean the period commencing on the date hereof and ending on the later of (i) August 31, 2005, or (ii) the date on which a registration statement filed with the Securities Exchange Commission permitting a sale of the Shares shall have become effective and shall have remained effective for a period of six months.
All other terms and conditions of the Warrant remain unchanged.
ISSUED this ___ day of May, 2005.
| POSITRON CORPORATION | ||
| | | |
| By: | /s/ | |
| Gary H. Brooks, President | ||
[Seal]
