Common use of Cancellation of Note Clause in Contracts

Cancellation of Note. No fractional shares of the Company’s capital stock will be issued upon conversion of this Note. Upon conversion of this Note pursuant to Section 4 hereunder, Noteholder shall surrender this Note, duly endorsed, to the principal offices of Company or any transfer agent of the Company. At its expense, the Company will promptly issue and deliver to Noteholder a certificate for the number of shares to which Noteholder is entitled upon such conversion, together with any other securities and property to which Noteholder is entitled upon such conversion under the terms of this Note; provided, however, that the Noteholder shall not be entitled to receive such certificate or certificates, together with any other securities and property to which the Noteholder is entitled, until the original of this Note is surrendered to the Company together with such accompanying documents, including, but not limited to a stock purchase agreement, investor rights agreement, right of first refusal and co-sale agreement, voting agreement, or other agreements as the Company may reasonably request and in the same form and substance entered into by all other holders or investors of the capital stock of the Company into which this Note has been converted. Upon conversion of this Note in accordance with Section 4 hereunder, all rights with respect to this Note shall terminate, whether or not the Note has been surrendered for cancellation, and the Company will be forever released from its obligation under this Note, except any obligation under Section 4.