(a) While this Warrant remains outstanding and exercisable in accordance with Section 2 above, the Holder may exercise, in whole or in part, the purchase rights evidenced hereby. Eastern Time on, 2021 (the Exercise Period). This Warrant shall be exercisable, in whole or in part, during the period commencing on the date which the Notes are converted into Conversion Shares pursuant to Section 2(b)(ii) of the Purchase Agreement and ending at 5:00 p.m. Such purchase price, as adjusted from time to time, is herein referred to as the Exercise Price. The purchase price for the Conversion Shares issuable pursuant to this Section 1 shall be $12.00 per share, subject to adjustment pursuant to Section 7 hereof. Subject to the terms and conditions set forth herein and set forth in the Purchase Agreement, the Holder is entitled, upon surrender of this Warrant at the principal office of the Company (or at such other place as the Company shall notify the Holder in writing), to purchase from the Company up to Conversion Shares (as adjusted pursuant to Section 7 hereof). This Warrant is one of a series of Warrants issued pursuant to the Purchase Agreement, and capitalized terms not defined herein shall have the meaning set forth in the Purchase Agreement. THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED, HYPOTHECATED, OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT REGISTRATION IS NOT REQUIRED UNDER SUCH ACT OR UNLESS SOLD PURSUANT TO RULE 144 UNDER SUCH ACT.įOR VALUE RECEIVED, this Warrant is issued to (together with his, her, or its assigns, the Holder) by ODYSSEY MARINE EXPLORATION, INC., a Nevada corporation (the Company), pursuant to Section 2(a)(i)(A) of the Note and Warrant Purchase Agreement dated July, 2018, among the Company, the Lender, and certain other investors (the Purchase Agreement). THIS WARRANT AND THE SECURITIES ISSUABLE UPON THE EXERCISE HEREOF HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. While ExamWorks sports a Zacks Rank #1 (Strong Buy), Avis and Liberty holds a Zacks Rank #2 (Buy) each.EX-10.3 4 d527793dex103.htm EX-10.3 EX-10.3 Other better-ranked stocks in the business services industry include ExamWorks Group, Inc. Odyssey Marine currently has a Zacks Rank #3 (Hold). While the 1988 exploration had extracted majority of the gold from the ship, Odyssey reportedly unearthed a remarkable quantity of treasure in the debris field adjoining the wreck.Ĭertain areas of the 7,300 feet-underwater shipwreck are still inaccessible, and Odyssey is set to do significant work in the coming 3-4 months. The iconic American shipwreck holds a huge diversity of coins dating from 1823 - 1857. Only about 5% of the site has been explored to date. The loss of the gold cargo was so massive that it shook the global economic confidence, contributing to Panic of 1857. The New York-bound steamship sank about 160 miles off South Carolina, sending tons of gold to the bottom of the Atlantic Ocean. The Central American ship was a California Gold Rush vessel that was trapped in a hurricane in 1857. RLP is the court-appointed salvor-in-possession of the SS Central America shipwreck. Odyssey began exploring the site in April, under contract to Ira Owen Kane, the receiver for Recovery Limited Partnership (:RLP). The new salvage operation, carried out by Odyssey, showed that the shipwreck site was just as Thompson had left it in 1991. In 1988, Tommy Thompson conducted a salvage operation funded by a group of Ohio investors, which unearthed about $50 million in gold and silver.Īfter a decades-long court battle concerning the rights to the treasure, the group of Ohio investors gained legal approval to perform recovery operations. The wreck of the SS Central America - and the gold that it carried - had attracted many treasure-hunters. Moreover, noteworthy artifacts of cultural heritage have been identified and await recovery. The inventories include gold bars, nuggets, dust and a varied assortment of gold coins ranging from $20 double eagles to $10, $5, $2.50 and $1 gold coins, as well as California fractional gold, territorials and a wide range of foreign gold. The find is believed to be valued at tens of millions of dollars in treasure from the Californian Gold-Rush era, according to experts. ( OMEX), a leader in the field of deep-ocean exploration, has recovered over 13,500 gold and silver coins from the site of a famous 1857 SS Central American shipwreck, off the South Carolina coast.
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