Common use of No Rights as Shareholder Until Exercise; No Settlement in Cash Clause in Contracts

No Rights as Shareholder Until Exercise; No Settlement in Cash. This Preferred Investment Option does not entitle the Holder to any voting rights, dividends or other rights as a shareholder of the Company prior to the exercise hereof as set forth in Section 2(d)(i), except as expressly set forth in Section 3. Without limiting any rights of a Holder to receive Preferred Investment Option Shares on a “cashless exercise” pursuant to Section 2(c) or to receive cash payments pursuant to Section 2(d)(i) and Section 2(d)(iv) herein, in no event shall the Company be required to net cash settle an exercise of this Preferred Investment Option.

Appears in 2 contracts

Samples: InMed Pharmaceuticals Inc., InMed Pharmaceuticals Inc.

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No Rights as Shareholder Until Exercise; No Settlement in Cash. This Preferred Investment Option does not entitle the Holder to any voting rights, dividends or other rights as a shareholder of the Company prior to the exercise hereof as set forth in Section 2(d)(i), except as expressly set forth in Section 3. Without limiting any rights of a Holder to receive Preferred Investment Option Shares on a “cashless exercise” pursuant to Section 2(c) or to receive cash payments pursuant to Section 2(d)(i) and Section 2(d)(iv) 4862-8776-8917 v.3 herein, in no event shall the Company be required to net cash settle an exercise of this Preferred Investment Option.

Appears in 1 contract

Samples: Virax Biolabs Group LTD

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No Rights as Shareholder Until Exercise; No Settlement in Cash. This Preferred Investment Option does not entitle the Holder to any voting rights, dividends or other rights as a shareholder of the Company prior to the exercise hereof as set forth in Section 2(d)(i), except as expressly set forth in Section 3. Without limiting any rights of a Holder to receive Preferred Investment Option Shares on a “cashless exercise” pursuant to Section 2(c) or to receive cash payments pursuant to Section 2(d)(i) and Section 2(d)(iv) 4000-0000-0000 v.4 herein, in no event shall the Company be required to net cash settle an exercise of this Preferred Investment Option.

Appears in 1 contract

Samples: Virax Biolabs Group LTD

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