Fractional Shares; Computation Certificates. (i) No fractional shares shall be issued upon conversion of the Class B Preferred Stock into shares of Common Stock and the number of shares of Common Stock to be issued shall be rounded to the nearest whole share for any shares in excess of one-half (1/2).
Appears in 2 contracts
Samples: Share Exchange Agreement (DPW Holdings, Inc.), Share Exchange Agreement (Avalanche International, Corp.)
Fractional Shares; Computation Certificates. (i) No fractional shares shall be issued upon conversion of the Class B Series F Preferred Stock into shares of Common Stock and in lieu thereof, the number Corporation shall pay cash in respect of shares such fractional interest in an amount equal to such fractional interest multiplied by the Fair Market Value on the applicable date of Common Stock to be issued shall be rounded to the nearest whole share for any shares in excess of one-half (1/2)conversion.
Appears in 2 contracts
Samples: Security Agreement (Giga Tronics Inc), Security Agreement (Giga Tronics Inc)
