Examples of Original Stockholders Agreement in a sentence
The Parties are released from any and all obligations and liabilities under the Original Stockholders Agreement and shall have no obligation or liability thereunder, except to the extent of any rights or obligations thereunder up to the date hereof.
This Agreement constitutes the entire agreement among the parties hereto as of the date hereof with respect to the matters contemplated herein, except with respect to Sections 1.1, 1.2.1, 1.2.2, 1.2.3 and to the extent applicable Section 1.2.4 of the Original Stockholders' Agreement which Sections shall be superseded on the terms contemplated hereby with respect to the rights and obligations of the parties hereto amongst each other as of the Voting Agreement Effective Date.
The proceeds of the sale of the Preferred Stock sold in connection with this Agreement and the Original Stockholders' Agreement shall be used by the Company to continue the identification and commercialization of products and processes by genomic analysis of diverse microbes and for working capital purposes related thereto.
The parties hereto further agree, confirm and acknowledge that the Original Stockholders' Agreement is terminated and of no force or effect.
The Company and members of the Stockholder Group representing a majority of the outstanding Shares (as defined below), including Benefit Street and Oaktree (each as defined below), have agreed to amend and restate the terms of the Original Stockholders Agreement.