CP Shares definition
Examples of CP Shares in a sentence
Buyer hereby covenants and agrees to (i) make a payment to Seller for all remaining amounts still due from the October invoice in the amount of $89,094.23 immediately upon receipt of any Capital Raise and (ii) deliver additional CP Shares to Seller with a stated value of $300,000 no later than November 28, 2019.
Immediately prior to the Effective Time, Corporate Advisors agrees to cause the conversion of all of the CP Shares into shares of Company Common Stock.
The Purchaser shall use its reasonable best efforts to cause the CP Shares and GIC Shares to be issued hereunder to be approved for listing on Nasdaq, subject to official notice of issuance, at or prior to the Merger Effective Time.
Each Stockholder and Corporate Advisors, with respect to the CP Shares, hereby waives its rights to appraisal under Section 262 of the DGCL with respect to any shares of Company Capital Stock owned by it or the CP Shares, as applicable, in connection with the transactions contemplated by the Merger Agreement.
Except as specifically set forth herein, each Stockholder and Corporate Advisors agrees, with respect to the CP Shares to cause the CP Entity, not to exchange or convert any shares of Class B Common Stock for or into shares of Class A Common Stock.