The first part of the template, as it reads in Word. Blanks are shown as lines; the drafting notes sit in the margin of the file.
WARRANT INSTRUMENT
This Warrant Instrument is executed as a deed on ____________________ by ____________________ LTD, a company registered in England and Wales (registration number ____________) whose registered office is at ______________________________________________ (the “Company”) in favour of ____________________ of ______________________________________________ (the “Warrantholder”).
1. Definitions
“Articles”: the Company’s articles of association from time to time.
“Business Day”: a day other than a Saturday, Sunday or public holiday in England.
“Exercise Price”: the price per Warrant Share stated in the Schedule.
“Exit”: a Sale, a Listing or a sale of all or substantially all of the business and assets of the Company.
“Exercise Period”: the period stated in the Schedule.
“Warrant Shares”: the number of ordinary shares in the Company stated in the Schedule, as adjusted under clause 4.
“Warrants”: the rights granted by this Instrument to subscribe for the Warrant Shares.