Common use of Additional Holders Clause in Contracts

Additional Holders. It is understood that pursuant to Section 5.18 of the Merger Agreement, the Company shall not issue an Existing Warrant after the date hereof to any person unless (i) such person shall become a Holder hereunder by executing a joinder agreement substantially in the form of Exhibit B hereto (a “Joinder”) and delivering same to each of Merger Sub and Parent and (ii) Holders of a majority in interest of the Existing Warrants consent to such issuance and the joinder of such party.

Appears in 4 contracts

Samples: Warrant Exchange Agreement (JMCM Holdings LLC), Warrant Exchange Agreement (London Adam), Warrant Exchange Agreement (SherpaVentures Fund II, LP)

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