Common use of Beneficial Ownership of Shares Clause in Contracts

Beneficial Ownership of Shares. The Consultant’s beneficial ownership of common stock of the Company shall not exceed 4.9% of the outstanding shares of the Company’s common stock. For purposes of this paragraph, beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended, and Regulations 13D-G thereunder. Consultant may waive the limitations set forth herein by sixty-one (61) days written notice to the Company.

Appears in 2 contracts

Samples: Consulting Agreement (Cardtrend International Inc.), Consulting Agreement (Cardtrend International Inc.)

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Beneficial Ownership of Shares. The Consultant’s beneficial ownership of common stock of the Company shall not exceed 4.94.99% of the outstanding shares of Shares the Company’s common stock. For purposes of this paragraph, beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended, and Regulations 13D-G thereunder. Consultant may waive the limitations set forth herein by to increase its beneficial ownership to 9.9% with sixty-one (61) days written notice to the Company.

Appears in 2 contracts

Samples: Consulting Agreement (Genesis Biopharma, Inc), Consulting Agreement (Genesis Biopharma, Inc)

Beneficial Ownership of Shares. The Consultant’s beneficial ownership of common stock of the Company shall not exceed 4.99.9% of the outstanding shares of the Company’s common stock. For purposes of this paragraph, beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended, and Regulations 13D-G thereunder. Consultant may waive the limitations set forth herein by sixty-one (61) days written notice to the Company.

Appears in 1 contract

Samples: Consulting Agreement (Miller Petroleum Inc)

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Beneficial Ownership of Shares. The Consultant’s beneficial ownership of common stock Common Stock of the Company shall not exceed 4.9% of the outstanding shares of the Company’s common stockCommon Stock (the “Beneficial Ownership Limitation”). For purposes of this paragraphSection, beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended, and Regulations 13D-Regulation 13D or 13G thereunder. Consultant may waive increase the limitations set forth herein by Beneficial Ownership Limitation to 9.9% of the outstanding shares of the Company's Common Stock with sixty-one (61) days days’ prior written notice to the Company.

Appears in 1 contract

Samples: Consulting Agreement (Wizard World, Inc.)

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