Series A COD definition
Examples of Series A COD in a sentence
Immediately upon the Closing, the Company shall reserve from its duly authorized and unissued Common Stock a number of shares equal to five (5) times the number of shares of Common Stock then issuable upon conversion of all the Series A issued pursuant to the Series A COD at the Floor Price (as that term defined in the Series A COD) subject to adjustment adjusted pursuant to the terms of the Series A COD (the “Reserved Amount”).
The Conversion Shares, when issued upon conversion of the Series A Shares in accordance with the terms of the Series A COD will be validly issued, fully paid and nonassessable, free and clear of all Liens imposed by the Company.
Prior to providing a Purchaser with any material non-public information (including any Pre-Notice or Subsequent Financing provided for under the Series A COD (as those terms are defined in the Series A COD), the Company shall provide the Purchaser with a consent substantially in the form attached as Exhibit D (“Consent”) which shall not include any material non-public information.