RE: Lincoln and Swartz... dot... no, my recollection is that
posted on
Jun 18, 2005 09:59AM
Brian,
I think this from the 8K WAIVER, CONSENT AND RELEASE AGREEMENT for Shwartz clearly states the ``transfer of warrants``. This 9M is from Swartz and there is also a similar waiver for 3M from Lincoln for a total of 12M. There are also separate waivers for all the individual warrant holders stating applying a similar condition. They will receive checks in exchange for their warrants.
Again, my excitement might be premature. Sorry for all the posts this morning!
.OB
2. Conveyance of Warrants. Effective upon the receipt by the Rights Holder of the consideration described in Section 7 of this Agreement, the Rights Holder hereby sells, transfers and conveys to the COMPANY, free and clear of any and all liens or other adverse claims thereto, Nine Million (9,000,000) Warrants described on Exhibit A hereto. The Rights Holder agrees to execute any documents and take any other action that may be required to effect and memorialize such transfer of the Warrants to the COMPANY pursuant to this Section 2.