Status of Converted or Redeemed Stock. In the event any shares of ------------------------------------- Series A Preferred Stock shall be converted or redeemed pursuant to Section 4 or 5 hereof or otherwise, the shares of Series A Preferred Stock so converted or redeemed shall be cancelled and shall not be issuable by the corporation, and this corporation.
Status of Converted or Redeemed Stock. In case any shares of Series A Preferred Stock shall be redeemed or otherwise repurchased or reacquired, the shares so redeemed, repurchased, or reacquired shall resume the status of authorized but unissued shares of preferred stock, and shall no longer be designated as Series A Preferred Stock.
Status of Converted or Redeemed Stock. In the event any shares of Preferred Stock shall be redeemed or converted pursuant to Section 3 or Section 4 hereof, the shares so converted or redeemed shall be cancelled and shall not be issuable by the Corporation. The Articles of Incorporation of this Corporation shall be appropriately amended to effect the corresponding reduction in the Corporation's authorized capital stock.
Status of Converted or Redeemed Stock. In the event any shares ------------------------------------- of Series A Preferred Stock shall be redeemed or converted pursuant to Section 3 or Section 4 hereof, the shares so converted or redeemed shall be cancelled and shall not be issuable by the corporation. The Certificate of Incorporation of this corporation shall be appropriately amended to effect the corresponding reduction in the corporation's authorized capital stock.
Status of Converted or Redeemed Stock. In the event any shares of Series OH-2 Convertible Preferred Stock shall be converted or redeemed by the Corporation, the shares so converted or redeemed shall not be reissuable by the Corporation as Series OH-2 Convertible Preferred Stock but shall be designated as authorized and undesignated preferred stock and available for issuance by the Corporation as undesignated preferred stock. At such time as all outstanding shares of Series OH-2 Convertible Preferred Stock have been converted or redeemed, (i) any theretofore authorized but unissued shares of such series shall return to the status of undesignated preferred shares of the Corporation, (ii) this Certificate of Designation shall be deemed amended to eliminate all authorized Series OH-2 Convertible Preferred Stock and the terms and provisions thereof, and (iii) the Board of Directors and officers of the Corporation are authorized to take such action and execute and file such instruments as may be necessary or appropriate to effect such amendment.
Status of Converted or Redeemed Stock. In the event any shares of Series C Preferred Stock, Series D Preferred Stock, Series E Preferred Stock or Series F Preferred Stock shall be redeemed pursuant to Section 2 of this Division B of this Article IV or converted pursuant to subsection 4(a) of Division B of this Article IV or Section 3 of this Division B of this Article IV, the shares so redeemed or converted shall be canceled and shall not be issuable by the Corporation. The Restated Certificate shall be appropriately amended to effect the corresponding reduction in the Corporation’s authorized capital stock.
Status of Converted or Redeemed Stock. In the event that any ------------------------------------- shares of Preferred Stock shall be converted pursuant to Subsection 5 hereof or shall be repurchased or otherwise acquired by the Corporation in any manner whatsoever, such shares shall be retired and canceled promptly after the acquisition thereof. Such shares shall not be reissued as shares of Series A Preferred Stock or shares of any other series of Preferred Stock. Upon such cancellation, and upon the filing of any certificates required or appropriate under applicable law, the number of authorized shares of Preferred Stock as set forth in Article FOURTH, shall be reduced by the number of such shares so canceled.
Status of Converted or Redeemed Stock. In case any shares of Series A Preferred Stock shall be redeemed or otherwise repurchased or reacquired, the shares so redeemed, converted, or reacquired shall resume the status of authorized but unissued shares of Preferred Stock and shall no longer be designated as Series A Preferred Stock. Dated: ___________ ___, 2003 BESTNET COMMUNICATIONS CORP. By: _______________________________ EXHIBIT A NOTICE OF CONVERSION (To Be Executed By the Registered Holder in Order to Convert the Series A Convertible Preferred Stock of BestNet Communications Corp.) The undersigned hereby irrevocably elects to convert ______________ shares of the above Series A Convertible Preferred Stock into shares of Common Stock of BestNet Communications Corp. (the "Corporation") according to the conditions hereof, as of the date written below. Date of Conversion:___________________________________________________________ Conversion Cost Per Share: $.10 Dollar Amount Paid to the Company for Conversion: ___________________ Number of Common Shares Issuable Upon This Conversion:_______________ Signature:__________________________________________________________________ Print Name:_________________________________________________________________ Address:____________________________________________________________________ Deliveries Pursuant to this Notice of Conversion Should Be Made to: ____________________________________________________________________________ ____________________________________________________________________________ Exhibit 1B - Form of Warrant THE XXXXXXXXXX XXXXXXXXXXX XX XXXX XXXXXXX XXXX XXX XXXX XXXXXXXXXD UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES HAVE BEEN ACQUIRED FOR INVESTMENT AND MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS, OR AN OPINION OF COUNSEL IN A FORM REASONABLY SATISFACTORY TO THE ISSUER THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR APPLICABLE STATE SECURITIES LAWS OR UNLESS SOLD PURSUANT TO RULE 144 UNDER SAID ACT. NOTWITHSTANDING THE FOREGOING, THIS WARRANT MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT. BESTNET COMMUNICATIONS CORP. WARRANT TO PURCHASE COMMON STOCK Warrant No.: ______ Number of Shares: 200,000 Date of Issuance: March 12, 2004 BestNet Communications Corp., a Nevada corporation (the "Company")...
Status of Converted or Redeemed Stock. In the event any shares of Preferred shall be redeemed or converted, the shares so converted or redeemed shall be canceled and shall not have the status of authorized but unissued shares of Preferred and shall not be issuable by the corporation and the Articles of Incorporation of this corporation shall be amended to effect the corresponding reduction in the corporation's capital stock.
Status of Converted or Redeemed Stock. In the event any shares of Series B Preferred Stock shall be converted or redeemed pursuant to Section 3 or Section 4 hereof, the shares so converted or redeemed shall be canceled and shall be available for issuance by the Corporation in accordance with the Corporation’s Certificate of Incorporation. ******************* IN WITNESS WHEREOF, Bidville, Inc. has caused this Certificate of Designation to be signed by Xxxxx X. Xxxxxxxx, its President, this 30th day of October 2006. PRIMEDGE, INC. By: ___________________________ Xxxxx X. Xxxxxxxx, President Asset Purchase Agreement EXHIBIT III REGISTRATION RIGHTS AGREEMENT This Registration Rights Agreement (this "Agreement") is made and entered into as of November 1, 2006, by and between PrimEdge, Inc., a Nevada corporation (the "Company"), and Royal Palm Capital Group, Inc., a Florida corporation (the "Seller"). This Agreement is made pursuant to the Asset Purchase Agreement, dated as of the date hereof, by and between the Seller and the Company (the "Asset Purchase Agreement"). The Company and the Seller hereby agree as follows:
