Preferred Stockholders Sample Clauses

Preferred Stockholders. No Stockholder shall Transfer any Equity Securities of the Company to any Prospective Transferee that is a competitor of the Group as determined by the Board in good faith (including the affirmative vote of the Majority Preferred Directors). Subject to the foregoing restriction, each Preferred Stockholder may freely Transfer any Equity Securities of the Company now or hereafter owned or held by it without any limitation; provided that, if the Prospective Transferee is not a Party to this Agreement as a Stockholder, the Prospective Transferee shall execute a Deed of Adherence confirming to the other Stockholders that it shall be bound by this Agreement as a Stockholder and deliver such documents and take such other actions as may be necessary for the Transfer.

Preferred Stockholders. (a) As of the date hereof, an aggregate of 3,040 shares of Series A Convertible Preferred Stock (the “Series A Preferred”) and 4,920 shares of Series B Convertible Preferred Stock (the “Series B Preferred” and, collectively with the Series A Preferred, the “Preferred Stock”) are currently outstanding. By execution hereof, the persons identified on Exhibit A hereto as the holders of the Preferred Stock (the “Preferred Stockholders”) hereby agree to cancel their shares of Preferred Stock, including any and all dividends, liquidated damages or any other amounts payable in connection with the Preferred Stock as well as any and all warrants to purchase shares of Common Stock owned by them or the investment banker involved in such financings (whether such warrants were acquired in connection with the acquisition of the Preferred Stock or otherwise, the “Warrants”) in exchange for an aggregate of 2,882,494 shares of Common Stock, to be distributed amongst the preferred shareholders on a pro rata basis in accordance with Exhibit D hereto (the “Preferred Stock Shares”).

Preferred Stockholders. The Preferred Stockholders shall have voting rights on an as-converted to Common Stock basis on all matters submitted to the Standard Common Stockholders. Accordingly, only for purposes of this Section 2.2, it is understood and agreed that (i) the term "Standard Common Stock" shall include the shares of Standard Common Stock issuable upon conversion of any shares of Preferred Stock at the time of any such vote or determination, and (ii) the term "Standard Common Stockholders" shall include the Preferred Stockholders.

Preferred Stockholders. 2 Property .............................................................................................................. 21