Examples of Amendment Shares in a sentence
Such Amendment Shares will be issued and delivered at the Closing Time to the Seller’s (or its designee’s) balance account with the Depository Trust Company (“DTC”) under its the Depository Trust Company Fast Automated Securities Transfer Program and Deposit/Withdrawal at Custodian system pursuant to the account instructions specified by the Seller to the Company at least five (5) Business Days prior to the Closing Date.
A portion of the Initial Amendment Shares shall be paid to each Seller in the amounts set forth on Schedule C attached hereto, which shall be fully executed and delivered to Buyer within ten (10) days following execution of this Amendment.
The Additional Amendment Shares shall be held until Buyer receives written notice from Sellers directing Buyer to release the Additional Amendment Shares.
The Company shall cause its transfer agent to remove the restrictive transfer legend from the Amendment Shares promptly after the SEC has declared the New Registration Statement effective under the 1933 Securities Act.
A portion of the Additional Amendment Shares shall be paid to each Seller in the amounts set forth on Schedule C attached hereto, which shall be fully executed and delivered to Buyer within ten (10) days following execution of this Amendment.
As consideration for the Buyer entering into this Amendment, the Company shall to issue to the Buyer 360,000 shares of Common Stock (the “Amendment Shares” and together with the Initial Commitment Shares and the Additional Commitment Shares, the “Commitment Shares”) The Amendment Shares shall for all purposes under the Purchase Agreement and the Registration Rights Agreement be considered Commitments Shares.
The Amendment Shares shall have the restrictive transfer legend set forth in Section 4(e) of the Purchase Agreement and no other legend.
The holders of the Forward Purchase Shares, Forward Purchase Backstop Shares and Amendment Shares will be granted the same registration rights, including indemnification provisions, as those contained in the PIPE Subscription Agreement referred to in paragraph 7 above.
The Purchasers agrees that the Forward Purchase Backstop Shares and Amendment Shares shall be subject to the same lock-up and transfer restrictions as provided in the FPA.
Upon issuance in accordance with the DLA as amended, the Amendment Shares will be validly issued, fully-paid and nonassessable, and free from all preemptive rights.