Qualifying Financing. (a) If there is a Qualifying Financing before the Termination Date, the Company will automatically issue to the Investor that number of QF Shares equal to: (i) The total Purchase Amount divided by the Discount Price; rounded to the nearest whole number. (b) The Company must, not later than 3 Business Days after the issue of the QF Shares in accordance with clause 3(a), send to the Investor a certificate for the number of QF Shares issued to the Investor. (c) Prior to being issued with any QF Shares under clause 3(a), the Investor must, if it is not already a party to the Shareholders Agreement, provide the Company with a duly executed deed of accession to the Shareholders Agreement, if there is a Shareholders Agreement in existence at that point in time and if the Shareholders Agreement does not impose more onerous obligations on the Investor as compared to other purchasers of equity securities in the Qualifying Financing.
Appears in 3 contracts
Sources: Simple Agreement for Future Equity (Safe), Simple Agreement for Future Equity (Safe), Simple Agreement for Future Equity (Safe)