Common use of Designation, Amount and Par Value Clause in Contracts

Designation, Amount and Par Value. There shall be a series of Preferred Stock that shall be designated as “Series A Non-Voting Preferred Stock” (the “Series A Preferred Stock”) and the number of shares constituting such series shall be ______________. Each share of Series A Preferred Stock shall have a par value of $0.001 per share. The shares of Series A Preferred Stock shall only be issued and maintained in the form of securities held in book-entry form.

Appears in 1 contract

Samples: Arrangement Agreement (Torchlight Energy Resources Inc)

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Designation, Amount and Par Value. There shall be a The series of Preferred Stock that preferred stock created hereunder shall be designated as its Series A Non-Voting B 8% Convertible Preferred Stock” Stock (the “Series A B Preferred Stock”) and the number of shares constituting such series so designated shall be ______________2,500,000 (which shall not be subject to increase without the written consent of the Holders of at least a majority of the then-issued and outstanding Series B Preferred Stock). Each share of Series A B Preferred Stock shall have a par value of $0.001 0.0001 per share. The shares of Series A Preferred Stock shall only be issued share and maintained in a stated value equal to the form of securities held in book-entry formprice paid to the Company for such share (the “Stated Value”).

Appears in 1 contract

Samples: Securities Purchase Agreement (Cachet Financial Solutions, Inc.)

Designation, Amount and Par Value. There shall be a series of Preferred Stock that shall be designated as “Series A Non-Voting Preferred Stock” (the “Series A Preferred Stock”) and the number of shares constituting such series shall be ______________[●]. Each share of Series A Preferred Stock shall have a par value of $0.001 per share. The shares of Series A Preferred Stock shall only be issued and maintained in the form of securities held in book-entry form.

Appears in 1 contract

Samples: Arrangement Agreement (Torchlight Energy Resources Inc)

Designation, Amount and Par Value. There shall be a The series of Preferred Stock that created hereby shall be designated as the Series A Non-Voting Preferred Stock” Stock (the “Series A Preferred Stock”) ), and the number of shares constituting such series so designated shall be ______________one. Each The share of Series A Preferred Stock shall have a par value of $0.001 per share. The shares of Series A Preferred Stock shall only share and will be issued uncertificated and maintained in the form of securities held represented in book-entry form.

Appears in 1 contract

Samples: Subscription and Investment Representation Agreement (Revelation Biosciences, Inc.)

Designation, Amount and Par Value. There shall be a The series of Preferred Stock that created hereby shall be designated as the Series A Non-Voting B Preferred Stock” Stock (the “Series A B Preferred Stock”) ), and the number of shares constituting such series so designated shall be ______________one. Each The share of Series A B Preferred Stock shall have a par value of $0.001 1.00 per share. The shares of Series A Preferred Stock shall only share and will be issued uncertificated and maintained in the form of securities held represented in book-entry form.

Appears in 1 contract

Samples: Subscription and Investment Representation Agreement (Pineapple Energy Inc.)

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Designation, Amount and Par Value. There shall be a The series of Preferred Stock that created hereby shall be designated as the Series A Non-Voting B Preferred Stock” Stock (the “Series A B Preferred Stock”) ), and the number of shares constituting such series so designated shall be ______________one. Each The share of Series A B Preferred Stock shall have a par value of $0.001 0.0001 per share. The shares of Series A Preferred Stock shall only share and will be issued uncertificated and maintained in the form of securities held represented in book-entry form.

Appears in 1 contract

Samples: Subscription and Investment Representation Agreement (Verb Technology Company, Inc.)

Designation, Amount and Par Value. There shall be a The series of Preferred Stock that created hereby shall be designated as “Series A Non-Voting Preferred Stock” (the Series A Preferred Stock”) , and the number of shares constituting such series so designated shall be ______________one (1). Each The share of Series A Preferred Stock shall have a par value of $0.001 0.0001 per share. The shares of Series A Preferred Stock shall only share and will be issued uncertificated and maintained in the form of securities held represented in book-entry form.

Appears in 1 contract

Samples: Purchase Agreement (Faraday Future Intelligent Electric Inc.)

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