Common use of Restriction on Activities Clause in Contracts

Restriction on Activities. Commencing as of the date first above written, and until the sooner of the six month anniversary of the date first written above or payment of the Note in full, or full conversion of the Note, the Company shall not, directly or indirectly, without the Buyer’s prior written consent, which consent shall not be unreasonably withheld: (a) change the nature of its business; (b) sell, divest, acquire, change the structure of any material assets other than in the ordinary course of business; or (c) file any registration statements with the SEC, except for the Company’s registration statement on Form S-1 No. 333-233281.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Cardax, Inc.), Securities Purchase Agreement (Cardax, Inc.), Securities Purchase Agreement (Cardax, Inc.)

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Restriction on Activities. Commencing as of the date first above written, and until the sooner of the six month anniversary of the date first written above or payment of the Note in full, or full conversion of the Note, the Company shall not, directly or indirectly, without the Buyer’s 's prior written consent, which consent shall not be unreasonably withheld: (a) change the nature of its business; (b) sell, divest, acquire, change the structure of any material assets other than in the ordinary course of business; or (c) file any registration statements with the SEC, except for the Company’s registration statement on Form S-1 No. 333-233281.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Wisdom Homes of America, Inc.), Securities Purchase Agreement (Cannasys Inc), Securities Purchase Agreement (Cannasys Inc)

Restriction on Activities. Commencing as of the date first above written, and until the sooner of the six month anniversary of the date first written above or payment of the Note in full, or full conversion of the Note, the Company shall not, directly or indirectly, without the Buyer’s prior written consent, which consent shall not be unreasonably withheld: (a) change the nature of its business; (b) sell, divest, acquire, change the structure of any material assets other than in the ordinary course of business; or (c) file any registration statements with the SEC, except for the Company’s registration statement on Form S-1 No. 333-233281.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Blow & Drive Interlock Corp), Securities Purchase Agreement (Cannasys Inc)

Restriction on Activities. Commencing as of the date first above written, and until the sooner of the six month anniversary of the date first written above or payment of the Note Notes in full, or full conversion of the NoteNotes, the Company shall not, directly or indirectly, without the Buyer’s prior written consent, which consent shall not be unreasonably withheld: (a) change the nature of its business; or (b) sell, divest, acquire, change the structure of any material assets other than in the ordinary course of business; or (c) file any registration statements with the SEC, except for the Company’s registration statement on Form S-1 No. 333-233281.

Appears in 1 contract

Samples: Securities Purchase Agreement (Eventure Interactive, Inc.)

Restriction on Activities. Commencing as of the date first above written, and until the sooner of the six month anniversary of the date first written above or payment of the Note in full, or full conversion of the Note, the Company shall not, directly or indirectly, without the Buyer’s prior written consent, which consent shall not be unreasonably withheld: (a) change the nature of its business; or (b) sell, divest, acquire, change the structure of any material assets other than in the ordinary course of business; or (c) file any registration statements with , if the SEC, except for result of which would cause the Company’s registration statement on Form S-1 No. 333-233281Company to become a “shell” company.

Appears in 1 contract

Samples: Securities Purchase Agreement (Players Network)

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Restriction on Activities. Commencing as of the date first above written, and until the sooner of the six month anniversary of the date first written above or payment of the Note in full, or full conversion of the Note, the Company shall not, directly or indirectly, without the Buyer’s prior written consent, which consent shall not be unreasonably withheld: (a) change the nature of its business; (b) sell, divest, acquire, change the structure of any material assets other than in the ordinary course of business; or (c) file any registration statements with the SEC, except for the Company’s registration statement on Form S-1 No. 333-233281[intentionally deleted].

Appears in 1 contract

Samples: Securities Purchase Agreement (Viking Energy Group, Inc.)

Restriction on Activities. Commencing as of the date first above written, and until the sooner of the six month anniversary of the date first written above or payment of the Note in full, or full conversion exercise of the NoteWarrants, the Company shall not, directly or indirectly, without the Buyer’s prior written consent, which consent shall not be unreasonably withheld: (a) change the nature of its business; or (b) sell, divest, acquire, change the structure of any material assets other than in the ordinary course of business; or (c) file any registration statements with the SEC, except for the Company’s registration statement on Form S-1 No. 333-233281.

Appears in 1 contract

Samples: Securities Purchase Agreement (Maptelligent, Inc.)

Restriction on Activities. Commencing as of the date first above written, and until the sooner of the six twelve (12) month anniversary of the date first written above or payment of the Note in full, or full conversion of the Note, the Company shall not, directly or indirectly, without the Buyer’s prior written consent, which consent shall not be unreasonably withheld: (a) change the nature of its business; or (b) sell, divest, acquire, change the structure of any material assets other than in the ordinary course of business; or (c) file any registration statements with the SEC, except for the Company’s registration statement on Form S-1 No. 333-233281.

Appears in 1 contract

Samples: Securities Purchase Agreement (Bio Key International Inc)

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