Future Financing Transaction Clause Samples

Future Financing Transaction. Except for the Required Capital Raise, and other than Excluded Securities (as defined in the Convertible Debentures), so long as any Convertible Debentures are outstanding, the Company shall not, without the prior written consent of the Buyer, (i) issue or sell shares of Common Stock for consideration less than the Conversion Price (as defined in the Convertible Debentures) in effect at the time of issuance, (ii) issue any warrant, option, right, contract, call, or other security or instrument granting the holder thereof the right to acquire Common Stock for consideration less than the Conversion Price (as defined in the Convertible Debentures) in effect at the time of issuance, (iii) enter into any security instrument granting the holder a security interest in any or all assets of the Company, or (iv) file any registration statement on Form S-8, except in connection with the registration of Common Stock issued pursuant to a bona fide Approved Stock Plan (as defined in the Convertible Debentures).