Warrant Coverage Amount

Warrant Coverage Amount. The term "Warrant Coverage Amount" shall mean that amount which equals 10% of the original principal amount of the Note divided by (1) the price of the New Securities (as defined in the Note), or (2) in the event of an IPO, a Change of Control (as defined below) or other repayment or settlement of the Notes other than by a Qualified Equity Financing within six (6) months from the date hereof, $4.14.

Warrant Coverage Amount. The term "Warrant Coverage Amount" shall mean that amount which equals 30% of the original principal amount of the Note divided by the price of the New Securities (as defined in the Note.

Warrant Coverage Amount. (i) The term "Warrant Coverage Amount" shall mean the product of the Pre-Money Coefficient and the principal amount of the Note. (ii) The Pre-Money Coefficient shall equal: (A) 10% if the fully diluted pre-money valuation of the Company in the Qualified Equity Financing (based on the price per share of investors investing in such Qualified Equity Financing) is less than or equal to $20 million, (ii) 50% if the pre-money valuation in the Qualified Equity Financing is equal to or exceeds... $50 million or (iii) for pre-money values in the Qualified Equity Financing greater than $20 million and less than $50 million, a percentage derived by multiplying 0.01 by Y as the solution to the following equation: Y = (4/3)(X) - 16.6667; where X = the pre-money valuation of the Company expressed in millions to the nearest million. For example, on a pre-money valuation of $30,000,000, the solution would be: Y = (4/3)(30) - 16.6667; yielding a value for Y of 23.3333 which would translate to a Pre-Money Coefficient (rounded down to the nearest percent) of 23% View More

Warrant Coverage Amount. The term "Warrant Coverage Amount" shall mean that number of Common Stock which equals to the quotient obtained by dividing the [First Note Purchase Price]/ [Second Note Purchase Price]/ [Third Note Purchase Price] (as defined in the Purchase Agreement) by US$[$2.50]/[$3.50], rounded to the nearest whole Common Stock.

Warrant Coverage Amount. The term "Warrant Coverage Amount" shall mean that amount which equals the sum of (i) 10% of the Investor's Capital Commitment under the Note Purchase Agreement, plus (ii) 25% of the principal of all Notes issued to the Investor under the Note Purchase Agreement in respect of such Investor's Pro Rata Share (as set forth on Schedule A to the Purchase Agreement) of all amounts raised under the Note Purchase Agreement, plus (iii) 100% of the principal of all Notes issued to the Investor under the... Note Purchase Agreement in respect of principal invested by the Investor in excess of such Investor's Pro Rata Share of all amounts raised under the Note Purchase Agreement (as set forth on Schedule A to the Purchase Agreement). For clarity, Schedule A to the Purchase Agreement sets forth an example of the calculation of the Warrant Coverage Amount. View More

Warrant Coverage Amount. The Holder's Loan Amount (as defined in the Purchase Agreement) multiplied by .10.

Warrant Coverage Amount. The aggregate principal amount of the Notes issued to Holder on the date of issuance of such Notes to Holder pursuant to the Purchase Agreement, multiplied by .20

Warrant Coverage Amount. The principal amount of the Note, multiplied by .20

Warrant Coverage Amount. An amount equal to Eleven Thousand Four Hundred Forty-Seven Dollars and Ninety-Eight Cents ($11,447.98)

Warrant Coverage Amount. Warrant Coverage Amount shall mean that amount which equals thirty percent (30%) of the principal amount of the Note.