Transfer to Competitor. No holder shall transfer any Shares to a competitor of Licensee, as determined by the Board of Directors of Licensee in good faith. This provision shall terminate after the closing of the sale of Equity Securities of Licensee registers pursuant to a registration statement filed under the Securities Act.
Appears in 2 contracts
Sources: Standard Exclusive License Agreement (Alzamend Neuro, Inc.), Standard Exclusive License Agreement (Alzamend Neuro, Inc.)
Transfer to Competitor. No holder shall transfer any Shares to a competitor of Licensee, as determined by the Board of Directors of Licensee in good faith. This provision shall terminate after the closing of the sale of Equity Securities of Licensee registers registered with the Commission pursuant to a registration statement Registration Statement filed under the Securities Act.
Appears in 1 contract
Transfer to Competitor. No holder shall transfer any Shares to a competitor of Licensee, as determined by the Board of Directors of Licensee in good faith. This provision shall terminate after the closing of the sale of Equity Securities of Licensee registers pursuant to a registration statement filed under the Securities Act.. FINANCIAL STATEMENTS
Appears in 1 contract