Common use of Fractional Shares/Warrants Clause in Contracts

Fractional Shares/Warrants. Notwithstanding any other provision of this Agreement, no certificate for fractional shares or warrants of the Pubco Securities will be issued in the Transaction. In lieu of any such fractional shares or warrants the Selling Shareholders would otherwise be entitled to receive upon surrender of certificates representing the Priveco Shares for exchange pursuant to this Agreement, the Selling Shareholders will be entitled to have such fraction rounded up to the nearest whole number of Pubco Shares and will receive from Pubco a stock certificate and warrant certificate representing same.

Appears in 3 contracts

Samples: Share Exchange Agreement (UpperSolution.com), The Share Exchange Agreement (DogInn Inc.), Share Exchange Agreement (ECLIPSE IDENTITY RECOGNITION Corp)

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Fractional Shares/Warrants. Notwithstanding any other provision of this Agreement, no certificate for fractional shares or warrants of the Pubco Securities will be issued in the Transaction. In lieu of any such fractional shares or warrants the Selling Shareholders Shareholder would otherwise be entitled to receive upon surrender of certificates representing the Priveco Shares for exchange pursuant to this Agreement, the Selling Shareholders Shareholder will be entitled to have such fraction rounded up to the nearest whole number of Pubco Shares and will receive from Pubco a stock certificate and warrant certificate representing same.

Appears in 3 contracts

Samples: The Share Exchange Agreement (Magicstem Group Corp.), Share Exchange Agreement (Iconic Brands, Inc.), Share Exchange Agreement (Winecom Inc.)

Fractional Shares/Warrants. Notwithstanding any other provision of this Agreement, no certificate for fractional shares or warrants of the Pubco Securities will be issued in the Transaction. In lieu of any such fractional shares or warrants the Selling Shareholders would otherwise be entitled to receive upon surrender of certificates representing the Priveco Shares for exchange pursuant to this Agreement, the Selling Shareholders will be entitled to have such fraction rounded up to the nearest whole number of Pubco Shares and will receive from Pubco a stock certificate and warrant certificate representing same.

Appears in 1 contract

Samples: Share Exchange Agreement (Solei Systems, Inc.)

Fractional Shares/Warrants. Notwithstanding any other provision of this Agreement, no certificate for fractional shares or warrants of the Pubco Securities will be issued in the Transaction. In lieu of any such fractional shares or warrants the Selling Shareholders would otherwise be entitled to receive upon surrender of certificates representing the Priveco Shares for exchange pursuant to this Agreement, the Selling Shareholders will be entitled to have such fraction rounded up to the nearest whole number of Pubco Shares and Pubco Warrants and will receive from Pubco a stock certificate and warrant certificate representing same.

Appears in 1 contract

Samples: Share Exchange Agreement (PetroSouth Energy Corp.)

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Fractional Shares/Warrants. Notwithstanding any other provision of this Agreement, no certificate for fractional shares or warrants of the Pubco Securities will be issued in the Transaction. In lieu of any such fractional shares or warrants the Selling Shareholders Interestholders would otherwise be entitled to receive upon surrender of certificates representing the Priveco Shares Interest for exchange pursuant to this Agreement, the Selling Shareholders Interestholders will be entitled to have such fraction rounded up to the nearest whole number of Pubco Shares and will receive from Pubco a stock certificate and warrant certificate representing same.

Appears in 1 contract

Samples: Share Exchange Agreement (Vumee Inc.)

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