RESTRICTION ON ISSUANCE OF SHARES OF THE CORPORATION Sample Clauses

RESTRICTION ON ISSUANCE OF SHARES OF THE CORPORATION. Except as otherwise provided in this Agreement, the Corporation shall not issue any additional shares or grant any option or other right to acquire additional shares without the prior unanimous written consent of all the Shareholders and without ensuring that any person to whom shares will be issued is or will become a party to this Agreement.
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Related to RESTRICTION ON ISSUANCE OF SHARES OF THE CORPORATION

  • Issuance of Shares The Conversion Shares are duly authorized and reserved for issuance and, upon conversion of the Note in accordance with its respective terms, will be validly issued, fully paid and non-assessable, and free from all taxes, liens, claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive rights or other similar rights of shareholders of the Company and will not impose personal liability upon the holder thereof.

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