Ease, re "veto power"....
in response to
by
Mosaic ImmunoEngineering is a nanotechnology-based immunotherapy company developing therapeutics and vaccines to positively impact the lives of patients and their families.
Message: Ease, re "veto power"....
Jul 03, 2007 04:35PM
Here you are, Ron, from the
"APPROVAL RIGHTS AGREEMENT AND TERMINATION OF ANTIDILUTION AGREEMENT AND ADDENDUM TO WARRANTS"
From October 10, 2006
"4. Acquisition Approval Rights. Patriot shall not enter into any Protected Acquisition (as defined below), unless it obtains Swartz’s written approval at least thirty (30) days prior to entering into an agreement for such acquisition. For purposes hereof, a “Protected Acquisition” shall mean (i) any acquisition by the Company of any business entity or asset of any kind (collectively referred to as an “Acquisition”), where the aggregate number of shares of Common Stock and derivative securities (on a fully diluted basis) issued as consideration for such Acquisition and all related Acquisitions equals or exceeds 10% of the number of shares of common stock of the Company outstanding at the time of the Acquisition (on a fully diluted basis), or (ii) any acquisition (regardless of size) by the Company of any business entity or asset of any kind that is not unanimously approved by Patriot’s board of directors."
By the way, the agreement is "...effective as of January 1, 2006. This Agreement shall remain in effect until May 31, 2008."
Loading...
Loading...
Jul 05, 2007 10:44AM
New Message
Please
login
to post a reply