Common use of ALLOTMENT AND ISSUANCE OF SECURITIES Clause in Contracts

ALLOTMENT AND ISSUANCE OF SECURITIES. 2.1 The Company agrees to allot and issue to the Creditor 100,000 shares in the capital of the Company (the “Shares”) at a deemed price of US$0.25 per Share for each US$0.25 of indebtedness as full and final payment of $25,000.00 worth of Debt, and the Creditor agrees to accept the Shares and NIL additional compensation as full and final payment of the $46,000.00 Debt.

Appears in 1 contract

Samples: Debt Settlement Agreement (Enertopia Corp.)

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ALLOTMENT AND ISSUANCE OF SECURITIES. 2.1 The Company agrees to allot and issue to the Creditor 100,000 78,125 shares in the capital of the Company (the “Shares”) at a deemed price of US$0.25 0.16 per Share for each US$0.25 0.16 of indebtedness indebtedness, as full and final payment of $25,000.00 worth of the Debt, and the Creditor agrees to accept the Shares and NIL additional compensation as full and final payment of the Debt, leaving the Company indebted to the Creditor in the amount of US $46,000.00 DebtNil following this transaction.

Appears in 1 contract

Samples: Debt Settlement Agreement (Enertopia Corp.)

ALLOTMENT AND ISSUANCE OF SECURITIES. 2.1 The Company agrees to allot and issue to the Creditor 100,000 360,000 shares in the capital of the Company (the “Shares”) at a deemed price of US$0.25 per Share for each US$0.25 of indebtedness as full and final payment of $25,000.00 90,000.00 worth of Debt, and the Creditor agrees to accept the Shares and NIL additional compensation as full and final payment of $90,000.00 worth of the $46,000.00 Debt.

Appears in 1 contract

Samples: Debt Settlement Agreement (Enertopia Corp.)

ALLOTMENT AND ISSUANCE OF SECURITIES. 2.1 The Company agrees to allot and issue to the Creditor 100,000 160,000 shares in the capital of the Company (the “Shares”) at a deemed price of US$0.25 0.10 per Share for each US$0.25 0.10 of indebtedness indebtedness, as full and final payment of $25,000.00 worth of the Debt, and the Creditor agrees to accept the Shares and NIL additional compensation as full and final payment of the Debt, leaving the Company indebted to the Creditor in the amount of US $46,000.00 DebtNil following this transaction.

Appears in 1 contract

Samples: Debt Settlement Agreement (Enertopia Corp.)

ALLOTMENT AND ISSUANCE OF SECURITIES. 2.1 The Company agrees to allot and issue to the Creditor 100,000 62,500 shares in the capital of the Company (the “Shares”) at a deemed price of US$0.25 0.15 per Share for each US$0.25 0.15 of indebtedness indebtedness, as full and final payment of $25,000.00 worth of the Debt, and the Creditor agrees to accept the Shares and NIL additional compensation as full and final payment of the Debt, leaving the Company indebted to the Creditor in the amount of US $46,000.00 DebtNil following this transaction.

Appears in 1 contract

Samples: Debt Settlement Agreement (Enertopia Corp.)

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ALLOTMENT AND ISSUANCE OF SECURITIES. 2.1 The Company agrees to allot and issue to the Creditor 100,000 93,750 shares in the capital of the Company (the “Shares”) at a deemed price of US$0.25 0.10 per Share for each US$0.25 0.10 of indebtedness indebtedness, as full and final payment of $25,000.00 worth of the Debt, and the Creditor agrees to accept the Shares and NIL additional compensation as full and final payment of the Debt, leaving the Company indebted to the Creditor in the amount of US $46,000.00 DebtNil following this transaction.

Appears in 1 contract

Samples: Debt Settlement Agreement (Enertopia Corp.)

ALLOTMENT AND ISSUANCE OF SECURITIES. 2.1 The Company agrees to allot and issue to the Creditor 100,000 shares in the capital of the Company (the “Shares”) at a deemed price of US$0.25 0.15 per Share for each US$0.25 0.15 of indebtedness indebtedness, as full and final payment of $25,000.00 worth of the Debt, and the Creditor agrees to accept the Shares and NIL additional compensation as full and final payment of the Debt, leaving the Company indebted to the Creditor in the amount of US $46,000.00 DebtNil following this transaction.

Appears in 1 contract

Samples: Debt Settlement Agreement (Enertopia Corp.)

ALLOTMENT AND ISSUANCE OF SECURITIES. 2.1 The Company agrees to allot and issue to the Creditor 100,000 40,761 shares in the capital of the Company (the “Shares”) at a deemed price of US$0.25 0.23 per Share for each US$0.25 0.23 of indebtedness indebtedness, as full and final payment of $25,000.00 worth of the Debt, and the Creditor agrees to accept the Shares and NIL additional compensation as full and final payment of the Debt, leaving the Company indebted to the Creditor in the amount of US $46,000.00 DebtNil following this transaction.

Appears in 1 contract

Samples: Debt Settlement Agreement (Lexaria Corp.)

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