Common use of Designation, Amount and Par Value Clause in Contracts

Designation, Amount and Par Value. The series of preferred stock created hereunder shall be designated as its Series B 8% Convertible Preferred Stock (the “Series B Preferred Stock”) and the number of shares so designated shall be 2,500,000 (which shall not be subject to increase without the written consent of the Holders of at least a majority of the then-issued and outstanding Series B Preferred Stock). Each share of Series B Preferred Stock shall have a par value of $0.0001 per share and a stated value equal to the price paid to the Company for such share (the “Stated Value”).

Appears in 1 contract

Sources: Securities Purchase Agreement (Cachet Financial Solutions, Inc.)

Designation, Amount and Par Value. The series of preferred stock created hereunder Preferred Stock shall be designated as its the Series B 8% Convertible Preferred Stock (the "Series B Preferred Stock”) "), and the number of shares so designated shall be 2,500,000 (which shall not be subject to increase without the written consent 11,125. The par value of the Holders each share of at least a majority of the then-issued and outstanding Series B Preferred Stock)Stock shall be $. 01. Each share of Series B Preferred Stock shall have a par stated value of $0.0001 1,000 per share and a stated value equal to the price paid to the Company for such share (the "Stated Value").

Appears in 1 contract

Sources: Stock Purchase Agreement (Immunogen Inc)

Designation, Amount and Par Value. The series of preferred stock created hereunder shall be designated as its the Series B 82% Convertible Preferred Stock (the “Series B Preferred Stock”) ), and the number of shares so designated and authorized shall be 2,500,000 Five Hundred Eleven Thousand (which shall not be subject to increase without the written consent of the Holders of at least a majority of the then-issued and outstanding Series B Preferred Stock511,000). Each share of Series B Preferred Stock shall have a par value of $0.0001 0.00001 per share and a stated value equal to the price paid to the Company for such of $100 per share (the “Stated Value”).

Appears in 1 contract

Sources: Share Exchange Agreement (New America Energy Corp.)

Designation, Amount and Par Value. The series of preferred stock created hereunder Preferred Stock shall be designated as its the Corporation’s Series B 8% Convertible Preferred Stock (the “Series B Preferred Stock”) and the number of shares so designated shall be 2,500,000 1,600 (which shall not be subject to increase without the written any consent of the Holders of at least a majority holders of the then-issued and outstanding Series B Preferred Stock)Stock (each a “Holder” and collectively, the “Holders”) that may be required by applicable law. Each share of Series B Preferred Stock shall have a par value of $0.0001 0.001 per share and a stated value equal to the price paid to the Company for such share (the “Stated Value”)share.

Appears in 1 contract

Sources: Preferred Stock Purchase Agreement (POSITIVEID Corp)

Designation, Amount and Par Value. The series of preferred stock created hereunder shall be designated as its the Series B 82% Convertible Preferred Stock (the "Series B Preferred Stock”) "), and the number of shares so designated and authorized shall be 2,500,000 Four Thousand Nine Hundred (which shall not be subject to increase without the written consent of the Holders of at least a majority of the then-issued and outstanding Series B Preferred Stock4,900). Each share of Series B Preferred Stock shall have a par value of $0.0001 0.00001 per share and a stated value equal to the price paid to the Company for such of $100 per share (the "Stated Value").

Appears in 1 contract

Sources: Acquisition Agreement (Bergio International, Inc.)

Designation, Amount and Par Value. The series of preferred stock created hereunder Preferred Stock shall be designated as its Series B 8% Convertible Preferred Stock (the “Series B Convertible Preferred Stock”) and the number of shares so designated shall be 2,500,000 Ten Thousand (which shall not be subject to increase without the written consent of the Holders of at least a majority of the then-issued and outstanding Series B Preferred Stock10,000). Each share of the Series B Convertible Preferred Stock shall have a par value of $0.0001 per share and a stated value equal to the price paid to the Company for such share (the “Stated Value”)0.001.

Appears in 1 contract

Sources: Stock Purchase Agreement (Exousia Pro, Inc.)

Designation, Amount and Par Value. The This series of preferred stock created hereunder Preferred Stock shall be designated as its Series B 8% Convertible Preferred Stock (the Corporation’s Series B Preferred Stock”) Stock and the number of shares so designated shall be 2,500,000 six hundred (which shall not be subject to increase without the written consent of the Holders of at least a majority of the then-issued and outstanding Series B Preferred Stock600). Each share of Series B Preferred Stock shall have a par value of $0.0001 0.001 per share and a stated value equal to the price paid to the Company for such share (the “Stated Value”)share.

Appears in 1 contract

Sources: Securities Purchase Agreement (BioSig Technologies, Inc.)

Designation, Amount and Par Value. The series of preferred stock created hereunder shall be designated as its the Series B 8% Convertible Preferred Stock (the “Series B "Preferred Stock”) "), and the number of shares so designated shall be 2,500,000 (which shall not be subject to increase without the written consent of the Holders of at least a majority of the then-issued and outstanding Series B Preferred Stock)125,000. Each share of Series B Preferred Stock shall have a par value of $0.0001 .0001 per share and a stated value equal to the price paid to the Company for such of $20 per share (the "Stated Value").

Appears in 1 contract

Sources: Purchase Agreement (Fonix Corp)

Designation, Amount and Par Value. The series of preferred stock created hereunder Preferred Stock shall be designated as its the Corporation’s Series B 8% Convertible Preferred Stock (the “Series B Preferred Stock”) and the number of shares so designated shall be 2,500,000 1,000 (which shall not be subject to increase without the written consent of the Holders of at least a majority all of the then-issued and outstanding holders of the Series B Preferred StockStock (each a “Holder” and collectively, the “Holders”). Each share of Series B Preferred Stock shall have a par value of $0.0001 0.001 per share and a stated value equal to the price paid to the Company for such share (the “Stated Value”)share.

Appears in 1 contract

Sources: Preferred Stock Purchase Agreement (Sparta Commercial Services, Inc.)

Designation, Amount and Par Value. The series of preferred stock created hereunder Preferred Stock shall be designated as its the Corporation’s Series B 8% Convertible Preferred Stock (the “Series B Preferred Stock”) and the number of shares so designated shall be 2,500,000 10,000 (which shall not be subject to increase without the written consent of the Holders of at least a majority all of the then-issued and outstanding holders of the Series B Preferred StockStock (each a “Holder” and collectively, the “Holders”). Each share of Series B Preferred Stock shall have a par value of $0.0001 0.001 per share and a stated value equal to the price paid to the Company for such share (the “Stated Value”)share.

Appears in 1 contract

Sources: Preferred Stock Purchase Agreement (Drinks Americas Holdings, LTD)

Designation, Amount and Par Value. The series of preferred stock created hereunder shall be designated as its Series B 8% Convertible Preferred Stock (the "Series B Preferred Stock") and the number of shares so designated shall be 2,500,000 (consist of 40,000,000 shares, having a par value of $0.001 per share, which shall not be subject to increase without the written consent of the Holders of at least a majority all of the then-issued and outstanding Series B Preferred Stock). Each share holders of the Series B Preferred Stock shall have (each, a par value of $0.0001 per share "Holder" and a stated value equal to collectively, the price paid to the Company for such share (the “Stated Value”"Holders").

Appears in 1 contract

Sources: Securities Purchase Agreement (Ideanomics, Inc.)