Virgin Islands Extension of the expiration date of the company's outstanding warrants

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US-CC-3-435
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FAQ

?Settlement Date? means, in respect of a Warrant that is exercised hereunder, the third Trading Day immediately following the Exercise Date for such Warrant.

Also, warrants have time value. The longer a warrant has before it expires, the greater its value will be. That's because the further away the expiration date is, the more time the underlying stock has to rise in value.

The easiest way to exercise a warrant is through your broker. When a warrant is exercised, the company issues new shares, increasing the total number of shares outstanding, which has a dilutive effect. Warrants can be bought and sold on the secondary market up until expiry.

- The warrant may expire before the stock is sold, making it worthless. - If the company goes bankrupt, the warrants may become worthless. - The holder of a warrant may not be able to sell it on the open market if there is no demand for it.

As with market options, the stock's market price could fall below the exercise price, at which point the rights or warrants would become worthless. Rights and warrants also become worthless upon expiration regardless of where the underlying stock is trading.

The expiration date is the date on which the stock warrant expires. Once a stock warrant expires, it is no longer valid, and the holder loses the right to buy or sell the underlying stock at the exercise price.

In the case of a warrant that is not exercised at expiration, the warrant will become worthless. In the case of an in the money option, it will be automatically exercised at expiration. At the money or near the money options and out of the money options will expire worthless.

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Virgin Islands Extension of the expiration date of the company's outstanding warrants