Original Shares definition
Examples of Original Shares in a sentence
Except pursuant to this Agreement, there are no options, warrants, or other rights, agreements, arrangements, or commitments of any character to which Stockholder is a party relating to the pledge, disposition, or voting of any of the Original Shares and there are no voting trusts or voting agreements with respect to the Original Shares.
Such Shareholder has good and marketable title, free and clear of any Liens, to those Original Shares of which such Shareholder is the record owner.
The Original Shares were issued pursuant to one or more exemptions from registration under federal and applicable state securities laws.
The Original Shares have been, and when and if issued the Additional Shares will be, duly and validly issued and fully paid and non- assessable and, based in part upon the representations of the Investor in this Agreement, issued in compliance with all applicable federal and state securities laws.
Such Shareholder has the sole right to vote and Transfer such Shareholder’s Original Shares, and none of such Shareholder’s Original Shares are subject to any voting trust or other agreement, arrangement or restriction with respect to the voting or the Transfer of such Shareholder’s Original Shares that would in any way limit the ability of such Shareholder to perform its obligations hereunder, except as set forth in Section 3 of this Agreement.