DGCL Section 203. The Board of Directors of the Company has taken all necessary action to approve the transactions contemplated hereunder so as to make Section 203 of the Delaware General Corporation Law not apply to the Backstop Investor.
Appears in 3 contracts
Sources: Backstop Commitment Agreement (Reed's, Inc.), Backstop Commitment Agreement (Reed's, Inc.), Backstop Commitment Agreement (Reed's, Inc.)
DGCL Section 203. The Board of Directors of the Company has taken all necessary action to approve the transactions contemplated hereunder so as to make Section 203 of the Delaware General Corporation Law not apply to the Backstop InvestorHolder.
Appears in 2 contracts
Sources: Warrant Exercise Agreement (Reed's, Inc.), Warrant Exercise Agreement (Reed's, Inc.)