Examples of Pubco Options in a sentence
Each certificate evidencing Pubco Common Stock, Pubco Options and Pubco Warrants to be issued pursuant to this Section 1 shall bear the following legend:THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE BEEN ACQUIRED FOR INVESTMENT AND HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”).
In the event that any Pubco Options issued as part of the Options Merger Consideration would result in the right of the applicable holder to purchase any fractional shares of Pubco Common Stock, the number of shares of Pubco Common Stock underlying the Pubco Option shall be rounded up to the next whole share.
As of the date hereof, 850,000 Pubco Options and 600,000 Pubco Warrants are outstanding.
Xxxxxxx Xxxx, Xxxxx Xxxx, and Xxxxx Xxxxx will enter into standard consulting agreements with Amalco at the nominal rate of one dollar (CAD $1.00) per annum commencing on the Effective Date and ending on September 2, 2022 so that they may hold the Pubco Options (on a post-consolidation basis), in their capacity as consultants of Amalco, until the final expiry date (being September 1, 2022) of the Pubco Options.
The Pubco Common Stock, Pubco Options and Pubco Warrants to be issued pursuant to this Section 1 shall not have been registered and shall be characterized as “restricted securities” under the federal securities laws, and under such laws such shares may be resold without registration under the Securities Act only in certain limited circumstances.
Any such holder who would otherwise be entitled to receive a fraction of a share of Company Class A Common Stock pursuant to the foregoing (after aggregating all fractional shares of Company Class A Common Stock issuable to such holder with respect to Pubco Options) shall, in lieu of such fraction of a share, be paid in cash the dollar amount (rounded to the nearest whole cent), without interest, determined by multiplying such fraction by the Fractional Share Consideration.