Reserved Amount. The Issuer agrees that until the repayment or conversion of this Promissory Note in full, the Issuer will reserve from its authorized and unissued Equity Securities a sufficient number of shares, free of preemptive rights, to provide for the issuance of the shares of Equity Securities upon full conversion of this Note.
Appears in 2 contracts
Sources: Secured Promissory Note (Flux Power Holdings, Inc.), Secured Promissory Note (Flux Power Holdings, Inc.)
Reserved Amount. The Issuer agrees that until the repayment or conversion of this Promissory Note in full, the Issuer will reserve from its authorized and unissued Equity Securities a sufficient number of shares, free of preemptive rights, to provide for the issuance of the shares of Equity Securities upon full conversion of this Note.
Appears in 1 contract
Sources: Secured Promissory Note (Flux Power Holdings, Inc.)