Treatment of Warrant. The Company and the Holder intend to treat the Warrants as Shares of Series B Preferred Stock and the exercise of the Warrant for Shares of Series B Preferred Stock as a nonevent for U.S. federal and applicable state and local Tax purposes. The Company will treat the Series B Preferred Stock and this Warrant as non-voting stock of the Company for all U.S. federal and applicable state and local Tax purposes.
Appears in 3 contracts
Samples: Third Supplement to Note Purchase Agreement (Energy & Exploration Partners, Inc.), Note Purchase Agreement (Energy & Exploration Partners, Inc.), Warrant Agreement (Energy & Exploration Partners, Inc.)
Treatment of Warrant. The Company and the Holder intend to treat the Warrants as Shares of Series B A Preferred Stock and the exercise of the Warrant for Shares of Series B A Preferred Stock as a nonevent for U.S. federal and applicable state and local Tax purposes. The Company will treat the Series B Preferred Stock and this Warrant as non-voting stock of the Company for all U.S. federal and applicable state and local Tax purposes.
Appears in 3 contracts
Samples: Third Supplement to Note Purchase Agreement (Energy & Exploration Partners, Inc.), Note Purchase Agreement (Energy & Exploration Partners, Inc.), Warrant Agreement (Energy & Exploration Partners, Inc.)
