Common use of No Rights as Stockholder Until Conversion Clause in Contracts

No Rights as Stockholder Until Conversion. This Note does not entitle the Holder to any voting rights, dividends or other rights as a stockholder of the Company prior to the conversion hereof other than as explicitly set forth in Section 5.

Appears in 49 contracts

Samples: Convertible Security Agreement (Thoughtful Media Group Inc.), Convertible Security Agreement (Innovative Payment Solutions, Inc.), Convertible Security Agreement (60 Degrees Pharmaceuticals, Inc.)

AutoNDA by SimpleDocs

No Rights as Stockholder Until Conversion. This Note does not entitle the Holder to any voting rights, dividends or other rights as a stockholder of the Company prior to the conversion hereof other than as explicitly set forth in Section 54.

Appears in 28 contracts

Samples: Convertible Security Agreement (Health-Right Discoveries, Inc.), Convertible Security Agreement (Black Cactus Global, Inc.), Convertible Security Agreement (Biolargo, Inc.)

No Rights as Stockholder Until Conversion. This Note does not entitle the Holder to any voting rights, dividends or other rights as a stockholder of the Company prior to the conversion hereof other than as explicitly set forth in Section 5hereof.

Appears in 13 contracts

Samples: Convertible Security Agreement (Innovation1 Biotech Inc.), Convertible Security Agreement (Innovation1 Biotech Inc.), Securities Purchase Agreement (Innovation1 Biotech Inc.)

No Rights as Stockholder Until Conversion. This Note does not entitle the Holder to any voting rights, dividends or other rights as a stockholder of the Company prior to the conversion hereof other than as explicitly set forth in Section 56.

Appears in 5 contracts

Samples: Convertible Promissory Note (Red Cat Holdings, Inc.), Promissory Note (Unusual Machines, Inc.), Promissory Note (Red Cat Holdings, Inc.)

No Rights as Stockholder Until Conversion. This Note does not entitle the Holder to any voting rights, dividends or other rights as a stockholder of the Company prior to the conversion hereof other than as explicitly set forth in Section 54.

Appears in 3 contracts

Samples: Convertible Promissory Note (Scorpius Holdings, Inc.), Convertible Promissory Note (NightHawk Biosciences, Inc.), Convertible Promissory Note (NightHawk Biosciences, Inc.)

AutoNDA by SimpleDocs

No Rights as Stockholder Until Conversion. This Note does not entitle the Holder to any voting rights, dividends or other rights as a stockholder of the Company prior to the conversion hereof other than as explicitly set forth in Section 52.1. So long as this Note is unconverted, this Note carries no voting rights and does not convey to the Holder any “control” over the Company, as such term may be interpreted by the SEC under the Securities Act or the Exchange Act, regardless of whether this Note is currently convertible.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Lithium Exploration Group, Inc.), Securities Purchase Agreement (Lithium Exploration Group, Inc.)

No Rights as Stockholder Until Conversion. This Note does not entitle the Holder to any voting rights, dividends or other rights as a stockholder of the Company prior to the conversion hereof other than as explicitly set forth in Section 58.

Appears in 1 contract

Samples: Convertible Security Agreement (Unusual Machines, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!