Examples of Series G1 Preferred Stock in a sentence
The Major Investors (as defined herein) hereby waive the Right of First Offer, including the notice requirements, set forth in the Prior Rights Agreement with respect to the issuance of Series G-1 Preferred Stock.
The initial “Conversion Price” per share shall be $0.959 for the Series A-1 Preferred Stock, $1.057 for the Series B-1 Preferred Stock, $1.057 for the Series C-1 Preferred Stock, $1.10 for the Series D-1 Preferred Stock, $1.30 for the Series E-1 Preferred Stock, $1.32 for the Series F-1 Preferred Stock and $1.32 for the Series G-1 Preferred Stock.
Notice of any payment to the holders of Series G1 Preferred Stock as a result of the liquidation, dissolution or winding-up of the Corporation, stating the payment date or dates when and the place or places where the amounts distributable in such circumstances shall be payable, shall be given not more than sixty (60) but not less than thirty (30) days prior to any payment date stated therein, to the holders of shares of Series G1 Preferred Stock as provided in Section 11 herein.
Upon surrender, in accordance with said notice, of the certificates for any issued shares so redeemed (properly endorsed or assigned for transfer, if the Corporation shall so require and the notice shall so state), such shares shall be redeemed by the Corporation at the Redemption Price by mailing a check to such holder's last registered address listed on the stock transfer records of the Corporation, or as otherwise agreed by the holders of Series G1 Preferred Stock and the Corporation.
In exercising any voting rights, each outstanding share of Series G1 Preferred Stock shall be entitled to one vote.
During the 30 day notice period, holders of the Series G1 Preferred Stock will retain their right to convert their shares of Series G1 Preferred Stock in accordance with Section 7 above.
No Series G1 Preferred Stock may be redeemed except with funds legally available for the payment of the Redemption Price.
The certificates representing the Series G1 Preferred Stock and the Conversion shares shall bear restrictive legends thereon recommend by legal counsel for the Corporation regarding the restrictions on the transferability thereof to ensure compliance the Securities Act until the Series G1 Preferred Stock and/or the Conversion shares, as the case may be become Freely Tradeable.
All shares of Common Stock delivered upon conversion of the shares of the Series G1 Preferred Stock will, upon delivery, be duly authorized and validly issued, fully paid and nonassessable, free from all taxes, liens and charges with respect to the issue thereof.
If any shares of Common Stock required to be reserved for issuance upon conversion of shares of the Series G1 Preferred Stock hereunder require registration with or approval of any governmental authority under any federal or state law before the shares may be issued upon conversion, the Corporation shall in good faith and as expeditiously as possible endeavor to cause the shares to be so registered or approved.