Exchange Preferred Stock. The Exchange Preferred Stock shall have the rights, preferences and privileges as set forth in the Certificate of Designation attached hereto as Exhibit A to be filed prior to Closing by the Company with the Secretary of State of Delaware. Each share of Original Preferred Stock shall be convertible into 1 share of the Exchange Preferred Stock. Each share of Preferred Stock shall be convertible into shares of Common Stock in accordance with the terms of the Certificate of Designation.
Appears in 4 contracts
Samples: Warrant Purchase Agreement (Probe Manufacturing Inc), Warrant Purchase Agreement (Probe Manufacturing Inc), Exchange Agreement (Probe Manufacturing Inc)
Exchange Preferred Stock. The Exchange Preferred Stock shall have the rights, preferences and privileges as set forth in the Certificate of Designation attached hereto as Exhibit A to be filed prior to Closing by the Company with the Secretary of State of Delaware. Each share of Original Preferred Stock shall be convertible into 1 1.44 share of the Exchange Preferred Stock. Each share of Preferred Stock shall be convertible into shares of Common Stock in accordance with the terms of the Certificate of Designation.
Appears in 1 contract
Samples: Warrant Purchase Agreement (Probe Manufacturing Inc)
Exchange Preferred Stock. The Exchange Preferred Stock shall have the rights, preferences and privileges as set forth in the Certificate of Designation attached hereto as Exhibit A to be filed prior to Closing by the Company with the Secretary of State of Delaware. Each share of Original Preferred Stock shall be convertible into 1 share 1.44 shares of the Exchange Preferred Stock. Each share of Preferred Stock shall be convertible into shares of Common Stock in accordance with the terms of the Certificate of Designation.
Appears in 1 contract
