Examples of Founders’ Units in a sentence
All subscription funds received by the Company will be held in escrow pending the closing of the purchase of the Founders’ Units (the “Closing”).
The certificates evidencing the Founders’ Units and the Founders’ Shares will include the legend set forth on Exhibits A and B hereto, respectively, which the Purchaser has read and understands.
The Closing shall occur on such date as the Company has received complete and valid subscriptions (including full payment) for 100% of the Founders’ Units.
Each Unit of the Founders’ Units shall consist of one Founders’ Share and one Founders’ Warrant and shall have the terms set forth in the Unit Certificate attached as Exhibit A hereto.
The Company shall have obtained the consent of its Board of Directors authorizing the execution, delivery and performance of this Agreement and the Warrant Agreement and the issuance and sale of the Founders’ Units.