The Virgin Islands Warrant Agreement of Harley Industries, Inc. is a legal document that outlines the terms and conditions of warrants issued by Harley Industries, Inc. to investors in the Virgin Islands. This agreement serves as a contractual arrangement between Harley Industries, Inc. and the warrant holders, detailing their rights, obligations, and responsibilities. The Virgin Islands Warrant Agreement of Harley Industries, Inc. encompasses various types of warrants that can be issued by the company. These may include: 1. Traditional Warrants: These are common types of warrants that allow the warrant holder to purchase a specific number of shares at a predetermined price within a certain timeframe. Traditional warrants are often used to attract investors, providing the opportunity to purchase shares at a discounted price in the future. 2. Cashless Exercise Warrants: This type of warrant allows the warrant holder to exercise their warrants without the need for a cash payment. When exercising a cashless warrant, the warrant holder surrenders a portion of the underlying shares to cover the cost of exercising the warrant, thus reducing the number of shares received. 3. Re settable Warrants: Re settable warrants provide investors with the ability to reset the exercise price of the warrant at predetermined intervals. This feature allows the warrant holder to adjust the exercise price based on the market conditions, ensuring they can still benefit from potential increases in the company's stock price. 4. Callable Warrants: Callable warrants give the issuing company the right to redeem the warrants before their expiration date at a predetermined price. This option allows the company to repurchase the warrants if they believe it is financially advantageous to do so. Callable warrants provide flexibility to the issuing company and can be used to adjust the capital structure. The Virgin Islands Warrant Agreement of Harley Industries, Inc. contains provisions related to the exercise of warrants, including details on the exercise price, expiration date, and any applicable restrictions or conditions. It also outlines the rights and obligations of both the company and the warrant holders, such as voting rights, dividends, and dilution protection. It is crucial for investors and Harley Industries, Inc. to thoroughly understand the terms and conditions of the Virgin Islands Warrant Agreement. This understanding ensures transparency and facilitates a mutually beneficial relationship between the company and its warrant holders.