Founder Share Clawback. Section 9 of this Agreement is hereby amended and restated in its entirety to read as follows: “Concurrently with the Luxembourg Merger Closing, Modern Media Sponsor, or the distributees of the PubCo Shares owned by Modern Media Sponsor, shall cancel or forfeit 2.35 million PubCo Shares.”
Appears in 2 contracts
Samples: Business Transaction Agreement (Modern Media Acquisition Corp. S.A.), Business Transaction Agreement (Modern Media Acquisition Corp.)
Founder Share Clawback. Section 9 of this Agreement is hereby amended and restated in its entirety to read as follows: “Concurrently with the Luxembourg Merger Closing, Modern Media Sponsor, or the distributees of the PubCo Shares owned by Modern Media Sponsor, shall cancel or forfeit 2.35 2.1 million PubCo Shares.”
Appears in 2 contracts
Samples: Business Transaction Agreement (Modern Media Acquisition Corp. S.A.), Business Transaction Agreement (Modern Media Acquisition Corp.)
