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 8,270,000 ----------- --------- Share Cancellation 7,600,000 ------------------ --------- Subtotal 670,000 -------- ------- Acquisition Share Issuance 50,670,000 -------------------------- ---------- Resulting Total 50,716,000 --------------- ----------

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