The Philadelphia Pennsylvania Warrant Agreement of Harley Industries, Inc. is a legally binding document that outlines the terms and conditions of warrants issued by Harley Industries, Inc., a company based in Philadelphia, Pennsylvania. This agreement serves as a contract between the company and the warrant holders, defining the rights and obligations associated with owning and exercising warrants. The agreement provides a detailed description of the warrants, including their unique identification numbers, issuance date, and expiration date. It specifies the number of shares of Harley Industries' common stock that each warrant allows the holder to purchase, as well as the exercise price at which the warrants can be exercised. Harley Industries may offer different types of warrants under this agreement, including: 1. Traditional Warrants: These are standard warrants that give the holder the right to buy shares of the company's common stock at a specified price within a defined period. The exercise price is usually set higher than the current market price at the time of issuance. 2. Cashless Exercise Warrants: These warrants provide the option for the holder to exchange the warrant for shares of Harley Industries' common stock without actually paying the exercise price in cash. Instead, the exercise price is deducted from the value of the shares received. 3. European Warrants: These warrants can only be exercised at their expiration date, as opposed to American warrants that can be exercised at any time before expiration. European warrants often have a longer expiration period. The Warrant Agreement also contains provisions related to the transferability of warrants, restrictions on transfer, and the process for exercising warrants. It outlines the procedures for notifying Harley Industries of the intent to exercise warrants and the delivery of payments or necessary documents. Furthermore, the agreement includes clauses addressing adjustments to warrant terms in the event of stock splits, mergers, or other corporate actions that may impact the value or conditions of the warrants. Overall, the Philadelphia Pennsylvania Warrant Agreement of Harley Industries, Inc. serves as a crucial document in governing the rights and responsibilities of warrant holders, ensuring transparency and regulation in the exercise and trading of warrants associated with Harley Industries, Inc.