ALLOTMENT AND ISSUANCE OF SHARES. 2.1 The Company agrees to issue the Shares as fully paid and non-assessable Ordinary A shares of the Company and the Creditor agrees to accept the Shares in full and final satisfaction of the Indebtedness.
ALLOTMENT AND ISSUANCE OF SHARES. 2.1The Corporation agrees to allot and issue the Shares to the Creditor at a deemed price of CDN S0.05 per Share as full and final payment of the Debt, and the Creditor hereby agrees to accept the Shares as full and final payment of the Debt.
ALLOTMENT AND ISSUANCE OF SHARES. 1.1 The Company will allot and issue to Merback, or to another nominee as directed by Merback, the Shares as full and final payment of the Services and Merback will accept the Shares as full and final payment of the Services. The Shares will be issued within ten (10) days of the execution of this Agreement and will be delivered to Merback. Merback will pay any tax liability accruing to him as a result of the issuance of the Shares.
ALLOTMENT AND ISSUANCE OF SHARES. 3.1 ON the basis of the representations, warranties, covenants and agreements of the parties hereto as set forth herein and subject to the terms of this Agreement, the Principals agree to subscribe from the Issuer, and the Issuer agrees to allot for issuance to the Principals, the Shares as set out in Schedule "A" attached hereto.
ALLOTMENT AND ISSUANCE OF SHARES. 1. The Company agrees to allot and issue to the Creditor those numbers of shares in the capital of the Company (the "Shares") set out in Schedule "A" to this agreement as full and final consideration for the assignment by the Creditor to the Assignee of Debt and Security and the Creditor agrees to release the Company from payment of the Debt.
ALLOTMENT AND ISSUANCE OF SHARES. 3.1 Within three business days of the Company's receipt of all required regulatory and other approvals (the "Closing Date"), the Company shall allot and issue to the Creditor the Shares, at an issued price of $0.10 per Share, as full and final payment of the Indebtedness and the Creditor hereby agrees to accept the Shares as full and final payment of the Indebtedness.
ALLOTMENT AND ISSUANCE OF SHARES. Acquiror will allot and issue the PAPI Final Release Shares and the PAMT/PAPT Final Release Shares (as defined in Section 2.5) on the Final Release Date to the Shareholders. Acquiror will take such action as may be necessary to cause share certificates to be issued in the name of the Shareholders and deliver such share certificates to the Shareholders within three business days of the Final Release Date. Cash will be paid in lieu of fractions of Acquiror Ordinary Shares as provided in Section 2.2. Within five business days after written request from the Shareholders, Acquiror will submit a certified schedule of the cash amounts payable for fractional shares and will deliver such funds to the Shareholders.
ALLOTMENT AND ISSUANCE OF SHARES. Acquiror will allot and issue the Final Release Shares (as defined in Section 2.5) on the Final Release Date to the Shareholder. Acquiror will take such action as may be necessary to cause share certificates to be issued in the name of the Shareholder and deliver such share certificates to the Shareholder within three business days of the Final Release Date. Cash will be paid in lieu of fractions of Acquiror Ordinary Shares as provided in Section 2.2. Within five business days after written request from the Shareholder, Acquiror will submit a certified schedule of the cash amounts payable for fractional shares and will deliver such funds to the Shareholder.
