Common use of Issuance of Commitment Shares Clause in Contracts

Issuance of Commitment Shares. In consideration for the Investor’s execution and delivery of this Agreement, the Company shall cause the Transfer Agent to issue, on the date of this Agreement, 470,711 shares of Common Stock (the “Commitment Shares”) directly to the Investor and shall deliver to the Transfer Agent on the date of this Agreement the Initial Irrevocable Transfer Agent Instructions with respect to the issuance of the Commitment Shares. For the avoidance of doubt, all of the Commitment Shares shall be fully earned as of the date of this Agreement, whether or not the Commencement shall occur or any Purchase Shares are purchased by the Investor under this Agreement and irrespective of any termination of this Agreement. 15

Appears in 1 contract

Samples: Purchase Agreement (Pure Bioscience, Inc.)

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Issuance of Commitment Shares. In consideration for the Investor’s execution and delivery of this Agreement, the Company shall cause to be issued to the Transfer Agent to issueInvestor, on not later than one (1) Business Day after the date hereof, a total of this Agreement, 470,711 73,659 shares of Common Stock (the “Commitment Shares”) directly to and shall, on the Investor and shall date hereof, deliver to the Transfer Agent on the date of this Agreement the Initial Irrevocable Transfer Agent Instructions with respect to the issuance of the such Commitment Shares. For the avoidance of doubt, all of the Commitment Shares shall be fully earned as of the date of this Agreement, whether or not the Commencement shall occur or any Purchase Shares are purchased by the Investor under this Agreement and irrespective of any subsequent termination of this Agreement. 15.

Appears in 1 contract

Samples: Purchase Agreement (Eterna Therapeutics Inc.)

Issuance of Commitment Shares. In consideration for the Investor’s execution and delivery of this Agreement, the Company shall cause to be issued to the Transfer Agent to issueInvestor, on immediately upon the date execution of this Agreement, 470,711 540,000 shares of Common Stock (collectively, the “Commitment Shares”) directly to the Investor and shall deliver to the Transfer Agent on the date of this Agreement the Initial Irrevocable Transfer Agent Instructions with respect to the issuance of the Commitment Shares and the Initial Purchase Shares. For the avoidance of doubt, all of the Commitment Shares shall be fully earned as of the date of this Agreement, whether or not the Commencement shall occur or any Purchase Shares (other than the Initial Purchase Shares) are purchased by the Investor under this Agreement and irrespective of any subsequent termination of this Agreement. 15.

Appears in 1 contract

Samples: Purchase Agreement (Plandai Biotechnology, Inc.)

Issuance of Commitment Shares. In consideration for the Investor’s execution and delivery of this Agreement, the Company shall cause to be issued to the Transfer Agent to issue, on the date Investor a total of this Agreement, 470,711 1,280,000 shares of Common Stock (the “Commitment Shares”) directly to on the Investor Business Day immediately following the date of this Agreement and shall deliver to the Transfer Agent on immediately following the date execution of this Agreement the Initial Irrevocable Transfer Agent Instructions with respect to the issuance of the such Commitment SharesShares pursuant hereto. For the avoidance of doubt, all of the Commitment Shares shall be fully earned as of the date of this Agreement, whether or not the Commencement shall occur or any Purchase Shares are purchased by the Investor under this Agreement and irrespective of any subsequent termination of this Agreement. 15.

Appears in 1 contract

Samples: Purchase Agreement (Tonix Pharmaceuticals Holding Corp.)

Issuance of Commitment Shares. In consideration for the Investor’s execution and delivery of this Agreement, the Company shall cause the Transfer Agent to issue, on the date of this Agreement, 470,711 294,118 shares of Common Stock (the “Commitment Shares”) directly to the Investor electronically as DWAC Shares and shall deliver to the Transfer Agent on the date of this Agreement the Initial Irrevocable Transfer Agent Instructions with respect to the issuance of the Commitment Shares. For the avoidance of doubt, all of the Commitment Shares shall be fully earned as of the date of this Agreement, whether or not the Commencement shall occur or any Purchase Shares are purchased by the Investor under this Agreement and irrespective of any termination of this Agreement. 15.

Appears in 1 contract

Samples: Purchase Agreement (Senomyx Inc)

Issuance of Commitment Shares. In consideration for the Investor’s execution and delivery of this Agreement, the Company shall cause the Transfer Agent to issue, issue on the date of this Agreement, 470,711 shares of Common Stock Agreement 2,203,812 Ordinary Shares (the “Commitment Shares”) directly to the Investor and shall deliver to procure that the Transfer Agent on update the date Register of this Agreement Members in respect of such issue and promptly provide an extract of the Initial Irrevocable Transfer Agent Instructions with respect updated Register of Members to the issuance Investor which shows the issue of the Commitment SharesShares to the Investor. For the avoidance of doubt, all of the Commitment Shares shall be fully earned as of the date of this Agreement, whether or not the Commencement shall occur or any Purchase Shares are purchased by the Investor under this Agreement and irrespective of any termination of this Agreement. 15.

Appears in 1 contract

Samples: Purchase Agreement (Stealth BioTherapeutics Corp)

Issuance of Commitment Shares. In consideration for Immediately upon the Investor’s execution and delivery of this Agreement, the Company shall cause to be issued to the Transfer Agent to issue, on Investor as consideration for the date of Investor entering into this Agreement, 470,711 Agreement 8,750,000 shares of Common Stock (the "Commitment Shares”) directly to the Investor and Shares")and shall deliver to the Transfer Agent on the date of this Agreement the Initial Irrevocable Transfer Agent Instructions with respect to the issuance of the Commitment Shares and the Initial Purchase Shares. For the avoidance of doubt, all of the Commitment Shares shall be fully earned as of the date of this Agreement, whether or not the Commencement shall occur or any Purchase Shares are purchased by the Investor under this Agreement and irrespective of any termination of this Agreement. 15.

Appears in 1 contract

Samples: Purchase Agreement (Advanced Cell Technology, Inc.)

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Issuance of Commitment Shares. In consideration for the Investor’s execution and delivery of this Agreement, the Company shall cause the Transfer Agent to issue, on the date of this Agreement, 470,711 651,819 shares of Common Stock (the “Commitment Shares”) directly to the Investor electronically as DWAC Shares and shall deliver to the Transfer Agent on the date of this Agreement the Initial Irrevocable Transfer Agent Instructions (as defined below) with respect to the issuance of the Commitment Shares. For the avoidance of doubt, all of the Commitment Shares shall be fully earned as of the date of this Agreement, whether or not the Commencement shall occur or any Purchase Shares are purchased by the Investor under this Agreement and irrespective of any termination of this Agreement. 15.

Appears in 1 contract

Samples: Purchase Agreement (Us Geothermal Inc)

Issuance of Commitment Shares. In consideration for the Investor’s execution and delivery of this Agreement, the Company shall cause the Transfer Agent to issue, on the date of this Agreement, 470,711 shares of 48,856 Common Stock Shares (the “Commitment Shares”) directly to the Investor electronically as DWAC Shares and shall deliver to the Transfer Agent on the date of this Agreement the Initial Irrevocable Transfer Agent Instructions (as defined below) with respect to the issuance of the Commitment Shares. For the avoidance of doubt, all of the Commitment Shares shall be fully earned as of the date of this Agreement, whether or not the Commencement shall occur or any Purchase Shares are purchased by the Investor under this Agreement and irrespective of any termination of this Agreement. 15.

Appears in 1 contract

Samples: Purchase Agreement (Cardiome Pharma Corp)

Issuance of Commitment Shares. In consideration for the Investor’s execution and delivery of this Agreement, the Company shall cause the Transfer Agent to issue, on the date of this Agreement, 470,711 362,115 shares of Common Stock (the “Commitment Shares”) directly to the Investor electronically as DWAC Shares and shall deliver to the Transfer Agent on the date of this Agreement the Initial Irrevocable Transfer Agent Instructions (as defined below) with respect to the issuance of the Commitment Shares. For the avoidance of doubt, all of the Commitment Shares shall be fully earned as of the date of this Agreement, whether or not the Commencement shall occur or any Purchase Shares are purchased by the Investor under this Agreement and irrespective of any termination of this Agreement. 15.

Appears in 1 contract

Samples: Purchase Agreement Purchase Agreement (Us Geothermal Inc)

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