Common use of Shares Issued in Exchange for Warrant Clause in Contracts

Shares Issued in Exchange for Warrant. The “Exchange Shares” of the Rollup Vehicle shall mean a class of equity securities of the Rollup Vehicle which are designated as a special class of securities in the Rollup Vehicle. Each Exchange Share shall, except as otherwise described below, entitle the holder thereof to equivalent and parri passu voting and economic rights with respect to dividends and liquidating distributions from the Rollup Vehicle as are possessed by a holder of an Equivalent Share.

Appears in 3 contracts

Samples: Purchase Series a Preferred Stock (Cibus Global, Ltd.), Warrant (Cibus Global, Ltd.), Warrant (Cibus Global, Ltd.)

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Shares Issued in Exchange for Warrant. The “Exchange Shares” of the Rollup Vehicle shall mean a class of equity securities of the Rollup Vehicle which are designated as a special class of securities in the Rollup Vehicle. Each Exchange Share shall, except as otherwise described below, entitle the holder thereof to equivalent and parri passu voting and economic rights with respect to dividends and liquidating distributions from the Rollup Vehicle as are possessed by a holder of an Equivalent Share.. [Exhibit B to Warrant – Assignment Form]

Appears in 1 contract

Samples: Warrant (Cibus Global, Ltd.)

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