the Conversion Price. The Company shall not issue any fraction of a Common Shares upon any conversion. All calculations under this Section 4 shall be rounded to the nearest $0.0001. If the issuance would result in the issuance of a fraction of a Common Share, the Company shall round such fraction of a Common Share down to the nearest whole Common Share. The Company shall pay any and all transfer, stamp and similar taxes that may be payable with respect to the issuance and delivery of Common Shares upon conversion of any Conversion Amount, unless such taxes are due because the Holder requests such Common Shares to be issued in a name other than the Holder’s name, in which case the Holder shall pay such taxes.
Appears in 2 contracts
Sources: Securities Purchase Agreement (Cybin Inc.), Securities Purchase Agreement (Cybin Inc.)