Common use of Shares Includable Clause in Contracts

Shares Includable. Each Participating Investor may include in the Proposed Key Holder Transfer all or any part of such Participating Investor’s Capital Stock equal to the product obtained by multiplying (i) the aggregate number of shares of Transfer Stock subject to the Proposed Key Holder Transfer (excluding shares purchased by the Company or the Participating Investors pursuant to the Right of First Refusal or the Secondary Refusal Right) by (ii) a fraction, the numerator of which is the number of shares of Capital Stock owned by such Participating Investor immediately before consummation of the Proposed Key Holder Transfer (including any shares that such Investor has agreed to purchase pursuant to the Secondary Refusal Right) and the denominator of which is the total number of shares of Capital Stock owned, in the aggregate, by all Participating Investors immediately prior to the consummation of the Proposed Key Holder Transfer (including any shares that all Participating Investors have collectively agreed to purchase pursuant to the Secondary Refusal Right), plus the number of shares of Transfer Stock held by the selling Key Holder.

Appears in 2 contracts

Samples: Sale Agreement (SeqLL, Inc.), Sale Agreement (SeqLL, Inc.)

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Shares Includable. Each Participating Investor Major Stockholder may include in the Proposed Key Holder Transfer all or any part of such Participating InvestorMajor Stockholder’s Capital Stock equal to the product obtained by multiplying (i) the aggregate number of shares of Transfer Stock subject to the Proposed Key Holder Transfer (excluding shares purchased by the Company or the Participating Investors Major Stockholders pursuant to the Right of First Refusal or the Secondary Refusal RightRefusal) by (ii) a fraction, the numerator of which is the number of shares of Capital Stock owned by such Participating Investor Major Stockholder immediately before consummation of the Proposed Key Holder Transfer (including any shares that such Investor Participating Major Stockholder has agreed to purchase pursuant to the Secondary Refusal RightRight of First Refusal) and the denominator of which is the total number of shares of Capital Stock owned, in the aggregate, by all Participating Investors Major Stockholders immediately prior to the consummation of the Proposed Key Holder Transfer (including any shares that all Participating Investors Major Stockholders have collectively agreed to purchase pursuant to the Secondary Refusal RightRight of First Refusal), plus the number of shares of Transfer Stock held by the selling Key HolderHolders.

Appears in 2 contracts

Samples: Co Sale Agreement (Basil Street Cafe, Inc.), Co Sale Agreement (Basil Street Cafe, Inc.)

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Shares Includable. Each Participating Investor may include in the Proposed Key Holder Transfer all or any part of such Participating Investor’s Capital Stock equal to the product obtained by multiplying (i) the aggregate number of shares of Transfer Stock subject to the Proposed Key Holder Transfer (excluding shares purchased by the Company or the Participating Investors pursuant to the Right of First Refusal or the Secondary Refusal Right) by (ii) a fraction, the numerator of which is the number of shares of Capital Stock owned by such Participating Investor immediately before consummation of the Proposed Key Holder Transfer (including any shares that such Participating Investor has agreed to purchase pursuant to the Secondary Refusal Right) and the denominator of which is the total number of shares of Capital Stock owned, in the aggregate, by all Participating Investors immediately prior to the consummation of the Proposed Key Holder Transfer (including any shares that all Participating Investors have collectively agreed to purchase pursuant to the Secondary Refusal Right), plus the number of shares of Transfer Stock held by the selling Key Holder.

Appears in 1 contract

Samples: Sale Agreement (Athena Bitcoin Global)

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