Common use of Authorization, Sale and Issuance of Shares Clause in Contracts

Authorization, Sale and Issuance of Shares. 1.1 Authorization On the Closing (as defined in Section 2.1 below), the Company shall authorize the issuance and shall issue 750,000 shares (post reverse split) of common stock (the “Shares”), par value $0.001 per share, of the Company (the “Common Stock”), to the Purchaser for an aggregate value of $240,000 (the “Purchase Price”). The Shares shall represent at least 51% of the issued and outstanding Common Stock after the reverse split on the Closing Date (as defined in Section 2.1 below).

Appears in 1 contract

Samples: Stock Purchase Agreement (BTX Holdings Inc)

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Authorization, Sale and Issuance of Shares. 1.1 Authorization On the Closing (as defined in Section 2.1 below), the Company shall authorize issue to the issuance and shall issue 750,000 Investor or its designees (i) 10,000,000 shares of Common Stock (post reverse split"Common Stock") of common stock (the “Shares”), par value $0.001 per share, ; and (ii) 100,000 shares of Series B Preferred Stock ("Preferred Stock") (collectively the Company (Common Stock and Preferred Stock shall be referred to as the “Common Stock”), "Shares") to the Purchaser Investor for an aggregate value of DKK $240,000 3,000,000 (the "Purchase Price”). The Shares shall represent at least 51% of the issued and outstanding Common Stock after the reverse split on the Closing Date (as defined in Section 2.1 below").

Appears in 1 contract

Samples: Stock Purchase Agreement (Inscrutor Inc)

Authorization, Sale and Issuance of Shares. 1.1 Authorization On the Closing (as defined in Section 2.1 below), the Company shall authorize the issuance and shall issue 750,000 40 million shares (post reverse split) of common stock Common Stock (the "Shares”), ") par value $0.001 per share, of the Company (the “Common Stock”), share to the Purchaser at a purchase price of Five Cents ($.05) per Share for an aggregate value of Two Million Dollars ($240,000 2,000,000.00) (the "Purchase Price”). The Shares shall represent at least 51% of the issued and outstanding Common Stock after the reverse split on the Closing Date (as defined in Section 2.1 below").

Appears in 1 contract

Samples: Stock Subscription Agreement (Precom Technology Inc)

Authorization, Sale and Issuance of Shares. 1.1 Authorization On the Closing (as defined in Section 2.1 below), the Company shall authorize the issuance and shall issue 750,000 40,000,000 shares (post reverse split) of common stock Common Stock (the "Shares”), ") par value $0.001 0.01 per share, of the Company (the “Common Stock”), share to the Purchaser for an aggregate value at a total purchase price of $240,000 500,000 (the "Purchase Price”). The Shares shall represent at least 51% of the issued and outstanding Common Stock after the reverse split on the Closing Date (as defined in Section 2.1 below").

Appears in 1 contract

Samples: Stock Purchase Agreement (Evans Systems Inc)

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Authorization, Sale and Issuance of Shares. 1.1 Authorization On the Closing (as defined in Section 2.1 below), the Company shall authorize the issuance and shall issue 750,000 66,667 shares (post reverse split) of common stock Common Stock (the “Shares”), ) par value $0.001 per share, of the Company (the “Common Stock”), share to the Purchaser at a purchase price of Three Dollars ($3.00) per Share for an aggregate value of $240,000 200,000 (the "Purchase Price”). The Shares shall represent at least 51% of the issued and outstanding Common Stock after the reverse split on the Closing Date (as defined in Section 2.1 below").

Appears in 1 contract

Samples: Stock Purchase Agreement (310 Holdings, Inc.)

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