Examples of Series C Preferred Stock Holder in a sentence
Each share of Series C Preferred Stock shall be convertible at any time, without any payment by the Series C Preferred Stock Holder, into a number of shares of Common Stock equal to (i) the Stated Value divided by (ii) the Conversion Price.
Upon conversion into Series C Preferred Stock, Holder agrees to execute and shall become a party to and have substantially the same rights as the other holders of Series C Preferred Stock, including, but not limited to, those rights as set forth in the COI, any stock purchase agreement, registration rights agreement, investor rights agreement, voting agreement or similar agreement governing the Series C Preferred Stock and/or the holders thereof in effect as of the date of conversion.
If the Secretary of the Corporation fails to call a special meeting for the election of the Preferred Stock Directors within 20 days of receiving proper notice, any holder of Series C Preferred Stock may call such a meeting at the Corporation’s expense solely for the election of the Preferred Stock Directors, and for this purpose only such Series C Preferred Stock Holder shall have access to the Corporation’s stock ledger.
For each share of Series C Preferred Stock, Holder shall have the right to that number of votes equal to the number of votes appurtenant to the number of shares of Common Stock issuable upon conversion of said share of Series C Preferred Stock into Common Stock.
On the terms and subject to the conditions of this Agreement, (A) each Series C Preferred Stock Holder hereby fully assigns, transfers and conveys to the Company all of the shares of Series C Preferred Stock held by such Series C Preferred Stock Holder, and the Company hereby (i) cancels such shares of Series C Preferred Stock and (ii) in exchange therefore, and as full and complete consideration for such cancellation, issues shares of Common Stock to such Series C Preferred Stock Holder on a 100:1 basis.