Securityholder Acknowledgment Agreement Clause Samples

Securityholder Acknowledgment Agreement. At or prior to the Closing, Parent shall enter into an agreement with PNC Bank, National Association (the “Payment Agent”), to act as the payment agent. The Payment Agent shall deliver as soon as practicable after the date of this Agreement (simultaneously with the Stockholder Notice) to each Seller, a Securityholder Acknowledgment Agreement in the form of Exhibit E attached hereto (a “Securityholder Acknowledgment Agreement”). At the Closing, the Company shall deliver to Parent a letter validly executed by the Company’s transfer agent, eShares, Inc. DBA Carta, Inc. as to the cancellation as of the Effective Time of all electronic stock certificates (“Certificates”) that immediately prior to the Effective Time represented outstanding Shares (such letter, the “Carta Cancellation Letter”).