Common use of Assignment of Securities Clause in Contracts

Assignment of Securities. Seller hereby assigns the Securities to the Buyers, with each Buyer receiving 57,500 shares of Common Stock and 57,500 Warrants. The Buyers have paid to the Seller an aggregate amount of Five Hundred and Seventy Five Dollars ($575) (the "Purchase Price"), in consideration of the assignment. Within a reasonable time after the date hereof, (i) the Seller shall deliver to the Company for cancellation the securities representing the Common Stock and Warrants held by the Seller, (ii) the Company shall re-issue to the Seller certificates representing the Common Stock and Warrants held by the Seller after giving effect to the sale of the Securities to the Buyers and (iii) the Company shall issue and deliver to the Buyers certificates representing the Securities purchased by the Buyers.

Appears in 2 contracts

Samples: Securities Assignment Agreement (Hicks Acquisition CO I Inc.), Securities Assignment Agreement (Hicks Acquisition CO I Inc.)

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Assignment of Securities. Seller hereby assigns the Securities to the Buyers, with each Buyer receiving 57,500 15,000 shares of Common Stock and 57,500 WarrantsStock. The Buyers have paid to the Seller an aggregate amount of Five Hundred and Seventy Five Twenty Two Dollars ($575522) (the "Purchase Price"), in consideration of the assignment. Within a reasonable time after the date hereof, (i) the Seller shall deliver to the Company for cancellation the securities representing the Common Stock and Warrants held by the Seller, (ii) the Company shall re-issue to the Seller certificates representing the Common Stock and Warrants held by the Seller after giving effect to the sale of the Securities to the Buyers and (iii) the Company shall issue and deliver to the Buyers certificates representing the Securities purchased by the Buyers.

Appears in 1 contract

Samples: Securities Assignment Agreement (National Energy Resources Acquisition CO)

Assignment of Securities. Seller hereby assigns the Securities to the Buyers, with each Buyer receiving 57,500 28,750 shares of Common Stock and 57,500 WarrantsStock. The Buyers have paid to the Seller an aggregate amount of Five Three Hundred and Seventy Five Dollars ($575375) (the "Purchase Price"), in consideration of the assignment. Within a reasonable time after the date hereof, (i) the Seller shall deliver to the Company for cancellation the securities representing the Common Stock and Warrants held by the Seller, (ii) the Company shall re-issue to the Seller certificates representing the Common Stock and Warrants held by the Seller after giving effect to the sale of the Securities to the Buyers and (iii) the Company shall issue and deliver to the Buyers certificates representing the Securities purchased by the Buyers.

Appears in 1 contract

Samples: Securities Assignment Agreement (Capstar Acquisition Corp.)

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Assignment of Securities. Seller hereby assigns the Securities to the Buyers, with each Buyer receiving 57,500 such number of shares of Common Stock and 57,500 Warrantsas shown by such Buyer’s name on Exhibit A hereto. The Buyers have paid to the Seller an aggregate amount of Five Hundred and Seventy Twenty Five Dollars and Seventy-Two Cents ($57525.72) (the "Purchase Price"), in consideration of the assignment. Within a reasonable time after the date hereof, (i) the Seller shall deliver to the Company for cancellation the securities certificate representing the Common Stock and Warrants held by the Seller, (ii) the Company shall re-issue to the Seller certificates representing the Common Stock and Warrants held by the Seller after giving effect to the sale of the Securities to the Buyers and (iii) the Company shall issue and deliver to the Buyers certificates representing the Securities purchased by the Buyers.

Appears in 1 contract

Samples: Securities Assignment Agreement (Raycliff Acquisition Corp)

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