No Rights or Liabilities as a Shareholder. This Investment Option shall not entitle the holder hereof to any voting rights or other rights as a shareholder of the Company. No provision of this Investment Option, in the absence of affirmative action by the holder hereof to purchase Investment Option Shares, and no mere enumeration herein of the rights or privileges of the holder hereof, shall give rise to any liability of such holder for the Exercise Price or as a shareholder of the Company, whether such liability is asserted by the Company or by creditors of the Company.
Appears in 3 contracts
Samples: Investment Option Agreement (Cybercash Inc), Investment Option Agreement (Cybercash Inc), Securities Purchase Agreement (Ari Network Services Inc /Wi)
No Rights or Liabilities as a Shareholder. This Investment Option shall not entitle the holder hereof to any voting rights or other rights as a shareholder of the Company. No provision of this Investment Option, in the absence of affirmative action by the holder hereof to purchase Investment Option Shares, and no mere enumeration herein of the rights or privileges of the holder hereof, shall give rise to any liability of such holder for the Exercise Price or as a shareholder of the Company, whether such liability is asserted by the Company or by creditors of the Company.
Appears in 2 contracts
Samples: Option Agreement (Cowlitz Bancorporation), Employment Agreement (Cowlitz Bancorporation)
