The pre-funded warrants, if any, will have a
nominal exercise price of USD0.
Abitibi has the option (available in 2003 or upon earlier refinancing of arn debt) to buy out at a
nominal exercise price Parsons & Whittemore's stake in arn and in Alabama River Recycling Co.
The merger consideration constitutes approximately 73% of the outstanding stock of CDK, post acquisition and financing (and approximately 66% after giving effect to the issuance of shares upon the exercise of 2,299,998 options with a
nominal exercise price issued to new Arkados employees).
This asset purchase agreement provided for the purchase by Overland Storage of the assets of Imation's removable disk product lines and existing inventory for 1,529,126 common shares of Sphere 3D and a warrant to purchase up to a maximum of 250,000 shares exercisable at a
nominal exercise price solely in connection with certain purchase price adjustments.
The lender was paid a 3% set up fee and was issued 37,000,000 share purchase warrants with a five year term and a
nominal exercise price of $0.
Approximately 40,000,000 warrants issued in connection with the Series D and previous financings were also exercised at a
nominal exercise price.
The investors will also be issued for each share of Series B Preferred purchased, 6,000 Series A Warrants exercisable at a
nominal exercise price, 3,000 Series B-1 Warrants exercisable at $2.
The term sheet provides that Paul Capital would relinquish 70% of its revenue interest in exchange for $7 million in Series C Secured Participating Preferred Stock and 500,000 warrants exercisable at a
nominal exercise price.
In connection with the new loan facility, the Company granted warrants to purchase up to 17,382,053 shares of common stock at a
nominal exercise price.
As partial consideration for the financing transaction, Lehman Brothers received a warrant, with a
nominal exercise price, for 5% of Conseco Finance.
In addition, Hunt and GFI will each receive 1,325,000 warrants, exercisable into the Company's common stock at a
nominal exercise price.
Warrants representing the purchase of 960,000 shares of the Company's common stock at a
nominal exercise price were also issued to Phemus.
