Common use of Failure to Deliver Stock Clause in Contracts

Failure to Deliver Stock. Cellteck’s failure to timely deliver to the Holder certificates representing the stock purchased in the First Stock Purchase Agreement or the Second Stock Purchase Agreement within 10 business days after the effectuation of the Reverse Split.

Appears in 3 contracts

Sources: Lowcal Agreements (Cellteck Inc.), Series B Convertible Preferred Stock Purchase Agreement (Cellteck Inc.), Loan Agreement (Cellteck Inc.)