To: Jason Riche who wrote (826 ) 9/18/1998 3:35:00 AM From: tahoeman Read Replies (1) | Respond to
Jason,"The Offer will be a package of Integrated's securities in the form of a Unit (''the Unit'') that will include: one share of common stock; one Class A Warrant to purchase one share of the Integrated's common stock at a purchase price of $3.00 per share exercisable twelve months from the issuance of the Unit; and one Class B Warrant to purchase one share of the Integrated's common stock at a purchase price of $5.00 per share exercisable twenty four months from the issuance of the Unit. It is contemplated that the Units will be publicly traded as a separate security and their component securities will not be allowed to be detached from the Unit for a period of twenty four months following their issuance. In the event that the market price of Integrated's Common Stock exceeds the warrant exercise price of either Class of Warrants by at least 20% for a period of five successive trading days, that Class of Warrants will be subject to call by Integrated at a call price of $.10 per Warrant for the succeeding 30 day period."
