Excel Corporation (EXCC)

[powerbattles]

WHAT'S UP WITH THESE PURCHASE COMPANY'S COMMON STOCK?
the Company will issue to GACP a warrant to purchase 200,000 shares of the Company’s common stock (an “Additional Warrant”) upon the closing of such debt-financing, with such Additional Warrant in substantially the same form as the Warrant. The Additional Warrants Agreement requires the Company to issue an Additional Warrant for each such acquisition for which the debt is financed by GACP or its affiliates, up to a maximum of four Additional Warrants. The exercise price of the Additional Warrants, if issued, will be $0.30 per share for the first Additional Warrant, $0.35 per share for the second Additional Warrant, $0.40 per share for the third Additional Warrant and $0.45 per share for the fourth Additional Warrant, with the number of shares and exercise price subject to adjustment as set forth in the Additional Warrants Agreement and the Additional Warrant.