Incentive Shares definition
Examples of Incentive Shares in a sentence
The Company shall not enter into, announce or recommend to its shareholders any agreement, plan, arrangement or transaction in or of which the terms thereof would restrict, materially delay, conflict with or impair the ability or right of the Company to perform its obligations under the Transaction Documents, including, without limitation, the obligation of the Company to deliver the Put Shares and the Incentive Shares to the Investor in accordance with the terms of the Transaction Documents.
The Shares, when issued in accordance with the terms of the Notes or Warrant, or the Incentive Shares, will be validly issued, fully paid and nonassessable shares of Common Stock of the Company, free and clear of all Liens other than restrictions on transfer provided for in this Agreement..
The Company shall include the Incentive Shares on the Registration Statement filed with the SEC.
The Company shall promptly secure the listing of all of the Put Shares and Incentive Shares to be issued to the Investor hereunder on the Principal Market (subject to official notice of issuance) and shall use its commercially reasonable efforts to maintain, so long as the Ordinary Shares shall be so listed, the listing of all such Put Shares and Incentive Shares from time to time issuable hereunder.
To the extent that the issuance of Incentive Shares to the Investor would exceed the Beneficial Ownership Limitation as set forth in Section 7.1(g), the Investor shall be issued pre-funded warrants to purchase the number of shares of Ordinary Shares by which the Incentive Shares otherwise to be issued would exceed such limitation, exercisable at $0.0001 per share and with no termination date, and in form and substance reasonably acceptable to the Investor.