Qualified Small Business Stock. The Company and the Investors intend that the Shares shall constitute “qualified small business stock,” as defined under Section 1202(c) of the Internal Revenue Code of 1986, as amended.
Appears in 2 contracts
Samples: Stock Purchase Agreement (Sorrento Therapeutics, Inc.), Stock Purchase Agreement (Sorrento Therapeutics, Inc.)
Qualified Small Business Stock. The Company and the Investors intend that the Shares shall will constitute “"qualified small business stock,” as defined under " within the meaning of Section 1202(c) 1202 of the Internal Revenue Code of 1986, as amended, as of the date of issuance. The Company will use its reasonable best efforts to comply with the reporting and recordkeeping requirements of Section 1202 and any regulations promulgated thereunder.
Appears in 2 contracts
Samples: Preferred Stock Purchase Agreement (Driveway Corp), Preferred Stock Purchase Agreement (Driveway Corp)
Qualified Small Business Stock. The Company and the Investors intend that the Shares shall constitute “qualified small business stock,” as defined under Section 1202(c) of the Internal Revenue Code of 1986, as amended.. SECTION V
Appears in 2 contracts
Samples: Stock Purchase Agreement (Sorrento Therapeutics, Inc.), Stock Purchase Agreement (Sorrento Therapeutics, Inc.)
Qualified Small Business Stock. The Company represents and warrants to the Investors intend that that, to the best of its knowledge, the Shares shall constitute “qualified small business stock,” should qualify as "Qualified Small Business Stock" as defined under in Section 1202(c) of the Internal Revenue Code of 1986, as amendedamended as of the date hereof.
Appears in 1 contract
Samples: Preferred Stock Purchase Agreement (Technology Crossover Management Iv LLC)
Qualified Small Business Stock. The Company and the Investors intend that the Shares shall constitute “upon issuance "qualified small business stock,” " as defined under in Section 1202(c) of the Internal Revenue Code of 1986, as amendedCode.
Appears in 1 contract
