Cancellation of the Preferred Stock. The Holder unconditionally acknowledges, affirms and agrees that simultaneously with the Preferred Stock Conversion and delivery to the Holder of the Conversion Shares, the Preferred Stock shall be deemed canceled, null and void, and the Company shall have no further obligation to the Holder with respect to the Preferred Stock or the Certificate of Designation (except, with respect to the Certificate of Designation only to the extent such full Preferred Stock Conversion is not limited pursuant to Sections 4(a) and 4(c) herein).
Appears in 4 contracts
Samples: Preferred Stock Conversion and Lockup Agreement (Drone Aviation Holding Corp.), Preferred Stock Conversion and Lockup Agreement (Drone Aviation Holding Corp.), Preferred Stock Conversion and Lockup Agreement (Drone Aviation Holding Corp.)
Cancellation of the Preferred Stock. The Holder unconditionally acknowledges, affirms and agrees that simultaneously with the Preferred Stock Conversion and delivery to the Holder of the Conversion Shares and the Adjustment Shares, the Preferred Stock shall be deemed canceled, null and void, and the Company shall have no further obligation to the Holder with respect to the Preferred Stock or the Certificate of Designation (except, with respect to the Certificate of Designation only to the extent such full Preferred Stock Conversion or issuance of the Adjustment Shares is not limited pursuant to Sections 4(a) and 4(c) herein).
Appears in 3 contracts
Samples: Preferred Stock Conversion Agreement (Drone Aviation Holding Corp.), Preferred Stock Conversion Agreement (Drone Aviation Holding Corp.), Preferred Stock Conversion Agreement (Drone Aviation Holding Corp.)
