Common use of Consideration for Shares Clause in Contracts

Consideration for Shares. In case of the issuance of Additional Common Stock for a consideration part or all of which shall be cash, the amount of the cash consideration therefor shall be deemed to be the amount of the cash received by Company for such shares. In case of the issuance of any shares of Additional Common Stock for a consideration part or all of which shall be other than cash, the amount of the consideration therefor, other than cash, shall be deemed to be the then fair market value of the property received as determined by an investment banking firm selected by Xxxxxx.

Appears in 3 contracts

Samples: Security Agreement (Uni-Pixel), Security Agreement (Uni-Pixel), Security Agreement (AFG Enterprises USA, Inc.)

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Consideration for Shares. In case of the issuance of Additional Common Stock for a consideration part or all of which shall be cash, the amount of the cash consideration therefor shall be deemed to be the amount of the cash received by Company for such shares. In case of the issuance of any shares of Additional Common Stock for a consideration part or all of which shall be other than cash, the amount of the consideration therefor, other than cash, shall be deemed to be the then fair market value of the property received as determined by an investment banking firm selected by XxxxxxHolder.

Appears in 3 contracts

Samples: Security Agreement (Rapid Link Inc), Security Agreement (BPK Resources Inc), Security Agreement (Rapid Link Inc)

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Consideration for Shares. In case of the issuance of Additional Common Stock for a consideration part or all of which shall be cash, the amount of the cash consideration therefor shall be deemed to be the amount of the cash received by Company for such shares. In case of the issuance of any shares of Additional Common Stock for a consideration part or all of which shall be other than cash, the amount of the consideration therefor, other than cash, shall be deemed to be the then fair market value of the property received as determined by either an agreement between the parties or an investment banking firm selected by XxxxxxHxxxxx.

Appears in 1 contract

Samples: Securities Agreement (Maverick Oil & Gas, Inc.)

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