Waiver of Redemption and Demand Registration Rights for Series Preferred Stock – First Physician’s Capital Group, Inc.
This agreement is between a holder of Series Preferred Stock and First Physician’s Capital Group, Inc. The holder permanently gives up their rights to require the company to redeem their shares after a triggering event and to demand that the company file a registration statement for those shares. The waiver is effective as of the date signed by the holder and applies to all Series Preferred Stock they own.
Exhibit 10.59
Waiver of Redemption and Demand Registration
Series Preferred Stock
The undersigned holder (the “Holder”) of the Series Preferred Stock (the “Series Preferred”) of First Physician’s Capital Group, Inc., a Delaware corporation (the “Company”), hereby irrevocably waives (i) the Holder’s rights with respect to redemption upon a “Triggering Event” (as that term is defined in the Certificate of Designation of the Series Preferred (the “Certificate of Designation”)) set forth in Section V.B of the Certificate of Designation and (ii) any right or claim pursuant to the terms of the Certificate of Designation to demand the filing by the Company or any other party of a “Registration Statement” (as that term is defined in the Certificate of Designation).
IN WITNESS WHEREOF, the Holder has caused this Waiver to be executed as of the date set forth below.
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