Example ContractsClausesConditions to the Investor’s Obligation to Purchase Shares of Common Stock
Conditions to the Investor’s Obligation to Purchase Shares of Common Stock
Conditions to the Investor’s Obligation to Purchase Shares of Common Stock contract clause examples

The undersigned Holder hereby exercises its right to purchase shares of the Common Stock of [[Organization A:Organization]] (the “Company”) in accordance with the attached Warrant To Purchase Common Stock, and tenders payment of the aggregate Warrant Price for such shares as follows:

The undersigned hereby irrevocably elects to exercise the right, represented by the Warrant to Purchase Shares of Common Stock dated as of November 1, 2017 (theWarrant”), to purchase shares of the common stock, $0.001 par value (“Common Stock”), of Marijuana Company of America, Inc., and tenders herewith payment in accordance with Section 2 of the Warrant, as follows:

Purchase and Sale. Subject to the terms and conditions of this Agreement, agrees to purchase from AVRS, and AVRS agrees to sell to , 875,000 shares of the common stock of AVRS, referred to as the “Shares”. This agreement does not apply to, and no referral fee shall be owed in connection with any proposed consultant agreements.

Signing Bonus. The Employee shall receive 2,000,000 common shares of GOPH stock and warrants to purchase 4,000,000 shares of GOPH common stock at $0.50 for a term of 5 years.

Equity Awards. Executive will be eligible to participate in the Company’s Amended and Restated 2011 Incentive Plan (the2011 Plan”) and any successor to such plan in accordance with the terms and conditions of the 2011 Plan and any successor to such plan. The Company may, from time to time, upon approval by the Committee, grant to Executive options to purchase shares of Company Common Stock, stock appreciation rights, restricted Company Common Stock, restricted stock units, performance shares, and/or performance units and/or other Company Common Stock related grants as a long-term incentive for performance.

General. The Board may grant options to purchase Common Stock (each, an “Option”) and determine the number of shares of Common Stock to be covered by each Option, the exercise price of each Option and the conditions and limitations applicable to the exercise of each Option, including conditions relating to applicable federal or state securities laws, as it considers necessary or advisable. An Option that is not intended to be an Incentive Stock Option (as hereinafter defined) shall be designated a “Nonstatutory Stock Option”.

Existing Preferred Investment Options” means, the Holder’s existing Preferred Investment Options and/or Common Stock purchase warrants to purchase up the number of shares of Common Stock as set forth on the Holder’s signature page attached hereto.

THIS COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received, ​ (the “Holder”) is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after the date hereof (the “Effective Date”) and on or prior to the close of business on ​, 2020 (the “Termination Date”) but not thereafter, to subscribe for and purchase from JayHawk Energy, Inc., a Colorado corporation (the “Company”), up toshares (the “Warrant Shares”) of Common Stock at the Exercise Price described below.

The Company or its designee may have the option and right to purchase any Award or any shares of Common Stock issued pursuant to any Award in accordance with the terms and conditions set forth in the applicable Agreement. However, shares of Common Stock repurchased pursuant to an Agreement will still be deemed issued pursuant to the Plan and will not be available for issuance pursuant to future Awards under the Plan.

[[Organization B:Organization]] Warrant” identifies an instrument titled “Common Stock Purchase Warrant” originally issued by to [[Organization B:Organization]] on March 21, 2022, as amended, amended and restated, supplemented or otherwise modified from time to time. The [[Organization B:Organization]] Warrant originally entitled the holder to purchase 2,916,667 shares of Common Stock, and, as a result of the 1-for-20 reverse split of the Common Stock effected by on May 12, 2023, as of the date of this Agreement, the [[Organization B:Organization]] Warrant entitles the holder to purchase 145,834 shares of Common Stock.

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