Common use of ACQUISITION SHARE ISSUANCE Clause in Contracts

ACQUISITION SHARE ISSUANCE. Immediately upon the Closing, HEXC shall issue the acquisition shares and cancel certain other shares, as follows: HEXC Issued 405,800 ----------- ------- Share Cancellation 380,000 ------------------ ------- Subtotal 25,800 ------------ ------ Acquisition Share Issuance 50,000,000 -------------------------- ---------- Resulting Total 50,025,800 ------------------- ----------

ACQUISITION SHARE ISSUANCE. Immediately upon the Closing, HEXC shall issue the acquisition shares and cancel certain other shares, as follows: HEXC Issued 405,800 8,270,000 ----------- ------- --------- Share Cancellation 380,000 7,600,000 ------------------ --------- Subtotal 670,000 -------- ------- Subtotal 25,800 ------------ ------ Acquisition Share Issuance 50,000,000 50,670,000 -------------------------- ---------- Resulting Total 50,025,800 ------------------- 50,716,000 --------------- ----------