Reservation of Shares Clause Example with 5 Variations from Business Contracts
This page contains Reservation of Shares clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Reservation of Shares. At all times during which this Note is outstanding, the Issuer will reserve for the Investor from its authorized and unissued Common Stock a number of shares of not less than five times the number of shares necessary to provide for the issuance of Common Stock upon the full conversion of this Note. The Issuer initially shall reserve at least 5,000,000 shares of Common Stock for the Investor. The Issuer represents that VStock Transfer, LLC serves as the Issuer's transfer agent as of the Effective... Date of this Note. The Issuer acknowledges that VStock Transfer, LLC is a party to an irrevocable instruction and share reservation letter agreement between the Issuer, the transfer agent and the Investor regarding this Note. The Issuer agrees that the Issuer's use of VStock Transfer, LLC as its transfer agent is material to the Investor, that the Issuer may not terminate or replace VStock Transfer, LLC as the Issuer's transfer agent without obtaining the Investor's written consent thirty days in advance of such termination or replacement, and that the Issuer must provide the Investor, within five business days following the termination, resignation or replacement of VStock Transfer, LLC or any subsequent transfer agent an irrevocable instruction and share reservation letter, executed by the Issuer and the new transfer agent, providing rights to the Investor identical to the rights provided to the Investor in the irrevocable instruction and share reservation letter between the Issuer, the Investor, and VStock Transfer, LLC. The Issuer further agrees that every provision in the irrevocable instruction and share reservation letter agreement are also material to the Investor such that the Investor would not otherwise enter into this Note agreement.View More
Variations of a "Reservation of Shares" Clause from Business Contracts
Reservation of Shares. At all times during which this Note is outstanding, the Issuer will reserve for the Investor from its authorized and unissued Common Stock a number of shares of not less than five times the number of shares necessary to provide for the issuance of Common Stock upon the full conversion of this Note. The Issuer initially shall reserve at least 5,000,000 100,000,000 shares of Common Stock for the Investor. The Issuer represents that VStock Transfer, LLC Pacific Stock Transfer Co. serves as the Issu...er's transfer agent as of the Effective Date of this Note. The Issuer acknowledges that VStock Transfer, LLC Pacific Stock Transfer Co. is a party to an irrevocable instruction and share reservation letter agreement between the Issuer, the transfer agent and the Investor regarding this Note. The Issuer agrees that the Issuer's use of VStock Transfer, LLC Pacific Stock Transfer Co. as its transfer agent is material to the Investor, that the Issuer may not terminate without the Investors written consent, or replace VStock Transfer, LLC Pacific Stock Transfer Co. as the Issuer's transfer agent without obtaining the Investor's written consent thirty days in advance of such termination or replacement, and that the Issuer must provide the Investor, within five business days following the termination, resignation or replacement of VStock Transfer, LLC Pacific Stock Transfer Co. or any subsequent transfer agent an irrevocable instruction and share reservation letter, executed by the Issuer and the new transfer agent, providing rights to the Investor identical to the rights provided to the Investor in the irrevocable instruction and share reservation letter between the Issuer, the Investor, and VStock Transfer, LLC. Pacific Stock Transfer Co. The Issuer further agrees that every provision in the irrevocable instruction and share reservation letter agreement are also material to the Investor such that the Investor would not otherwise enter into this Note agreement. Note. View More
Reservation of Shares. At all times during which this Note is outstanding, the Issuer will reserve for the Investor from its authorized and unissued Common Stock a number of shares of not less than five times the number of shares necessary to provide for the issuance of Common Stock upon the full conversion of this Note. The Issuer initially shall reserve at least 5,000,000 8,000,000 shares of Common Stock for the Investor. The Issuer represents that VStock Transfer, LLC Olde Monmouth Stock Transfer Co., Inc. serves a...s the Issuer's transfer agent as of the Effective Date of this Note. The Issuer acknowledges that VStock Transfer, LLC Olde Monmouth Stock Transfer Co., Inc. is a party to an irrevocable instruction and share reservation letter agreement between the Issuer, the transfer agent and the Investor regarding this Note. The Issuer agrees that the Issuer's use of VStock Transfer, LLC Olde Monmouth Stock Transfer Co., Inc. as its transfer agent is material to the Investor, that the Issuer may not terminate or replace VStock Transfer, LLC Olde Monmouth Stock Transfer Co., Inc. as the Issuer's transfer agent without obtaining the Investor's written consent thirty days in advance of such termination or replacement, and that the Issuer must provide the Investor, within five business days following the termination, resignation or replacement of VStock Transfer, LLC Olde Monmouth Stock Transfer Co., Inc. or any subsequent transfer agent an irrevocable instruction and share reservation letter, executed by the Issuer and the new transfer agent, providing rights to the Investor identical to the rights provided to the Investor in the irrevocable instruction and share reservation letter between the Issuer, the Investor, and VStock Transfer, LLC. Olde Monmouth Stock Transfer Co., Inc. The Issuer further agrees that every provision in the irrevocable instruction and share reservation letter agreement are also material to the Investor such that the Investor would not otherwise enter into this Note agreement. View More
Reservation of Shares. At all times during which this Note is outstanding, the Issuer will reserve for the Investor from its authorized and unissued Common Stock a number of shares of not less than five times the number of shares necessary to provide for the issuance of Common Stock upon the full conversion of this Note. The Issuer initially shall reserve at least 5,000,000 25,000,000 shares of Common Stock for the Investor. The Issuer represents that VStock Transfer, LLC Colonial Stock Transfer Co., Inc. serves as th...e Issuer's transfer agent as of the Effective Date of this Note. The Issuer acknowledges that VStock Transfer, LLC Colonial Stock Transfer Co., Inc. is a party to an irrevocable instruction and share reservation letter agreement between the Issuer, the transfer agent and the Investor regarding this Note. The Issuer agrees that the Issuer's use of VStock Transfer, LLC Colonial Stock Transfer Co., Inc. as its transfer agent is material to the Investor, that the Issuer may not terminate or replace VStock Transfer, LLC Colonial Stock Transfer Co., Inc. as the Issuer's transfer agent without obtaining the Investor's written consent thirty days in advance of such termination or replacement, and that the Issuer must provide the Investor, within five business days following the termination, resignation or replacement of VStock Transfer, LLC Colonial Stock Transfer Co., Inc. or any subsequent transfer agent an irrevocable instruction and share reservation letter, executed by the Issuer and the new transfer agent, providing rights to the Investor identical to the rights provided to the Investor in the irrevocable instruction and share reservation letter between the Issuer, the Investor, and VStock Transfer, LLC. Colonial Stock Transfer Co., Inc. The Issuer further agrees that every provision in the irrevocable instruction and share reservation letter agreement are also material to the Investor such that the Investor would not otherwise enter into this Note agreement. View More
Reservation of Shares. At all times during which this Note is outstanding, the Issuer will reserve for the Investor from its authorized and unissued Common Stock a number of shares of not less than five times the number of shares necessary to provide for the issuance of Common Stock upon the full conversion of this Note. The Issuer initially shall reserve at least 5,000,000 50,000,000 shares of Common Stock for the Investor. The Issuer represents that VStock Worldwide Stock Transfer, LLC serves as the Issuer's transfe...r agent as of the Effective Date of this Note. The Issuer acknowledges that VStock Worldwide Stock Transfer, LLC is a party to an irrevocable instruction and share reservation letter agreement between the Issuer, the transfer agent and the Investor regarding this Note. The Issuer agrees that the Issuer's use of VStock Worldwide Stock Transfer, LLC as its transfer agent is material to the Investor, that the Issuer may not terminate or replace VStock Worldwide Stock Transfer, LLC as the Issuer's transfer agent without obtaining the Investor's written consent thirty days in advance of such termination or replacement, and that the Issuer must provide the Investor, within five business days following the termination, resignation or replacement of VStock Worldwide Stock Transfer, LLC or any subsequent transfer agent an irrevocable instruction and share reservation letter, executed by the Issuer and the new transfer agent, providing rights to the Investor identical to the rights provided to the Investor in the irrevocable instruction and share reservation letter between the Issuer, the Investor, and VStock Worldwide Stock Transfer, LLC. The Issuer further agrees that every provision in the irrevocable instruction and share reservation letter agreement are also material to the Investor such that the Investor would not otherwise enter into this Note agreement. Note. View More
Reservation of Shares. At all times during which this Note is outstanding, the Issuer will reserve for the Investor from its authorized and unissued Common Stock a number of shares of not less than five times the number of shares necessary to provide for the issuance of Common Stock upon the full conversion of this Note. The Issuer initially shall reserve at least 5,000,000 25,000,000 shares of Common Stock for the Investor. conversion. The Issuer represents that VStock Transfer, LLC serves as the Issuer's transfer ag...ent as of the Effective Date of this Note. The Issuer acknowledges that VStock Transfer, LLC is a party to an irrevocable instruction and share reservation letter agreement between the Issuer, the transfer agent and the Investor regarding this Note. The Note, and the Issuer agrees that the Issuer's use of VStock Transfer, LLC as its transfer agent is material to the Investor, Investor and that the Issuer may not terminate or replace VStock Transfer, LLC as the Issuer's issuer's transfer agent without obtaining the Investor's written consent thirty days in advance of such termination or replacement, and that the Issuer must provide the Investor, within five business days following the termination, resignation or replacement of VStock Transfer, LLC or any subsequent transfer agent an irrevocable instruction and share reservation letter, executed by the Issuer and the new transfer agent, providing rights to the Investor identical to the rights provided to the Investor in the irrevocable instruction and share reservation letter between the Issuer, the Investor, and VStock Transfer, LLC. The Issuer further agrees that every provision in the irrevocable instruction and share reservation letter agreement are also material to the Investor such that the Investor would not otherwise enter into this Note agreement. replacement. View More
