Common use of Equity Earn In Clause in Contracts

Equity Earn In. 2.3.1 The EWC hereby agrees that for every $100,000.00 of in revenue from MHI’s for the services provided hereunder for EWC’s DMpt program, it will issue 110,000 shares of EWC Shares to MHI, up to a maximum amount of 1.1 million EWC Shares, which amount represents a total of ten (10%) of the current anticipated issued and outstanding (11 million shares of common stock) common stock of the EWC at the date of this Agreement. This number will be adjusted in the case of a reverse splits, so that the current value received is continued under a lower number of shares outstanding.

Appears in 1 contract

Samples: Ewellness Corporation And (eWELLNESS HEALTHCARE Corp)

AutoNDA by SimpleDocs

Equity Earn In. 2.3.1 2.4.l The EWC hereby agrees that for every $100,000.00 of in revenue from MHI’s for the services provided hereunder for EWC’s DMpt program, it will issue 110,000 shares of EWC Shares to MHI, up to a maximum amount of 1.1 million EWC Shares, which amount represents a total of ten (10%) of the current anticipated issued and outstanding (11 million shares of common stock) common stock of the EWC at the date of this Agreement. This number will be adjusted in the case of a reverse splits, so that the current value received is continued under a lower number of shares outstanding.

Appears in 1 contract

Samples: Supply and Distribution Agreement (Millennium Healthcare Inc.)

Equity Earn In. 2.3.1 2.4.l The EWC hereby agrees that for every $100,000.00 $ of in revenue from MHI’s for the services provided hereunder for EWC’s DMpt program, it will issue 110,000 shares of EWC Shares to MHI, up to a maximum amount of 1.1 million EWC Shares, which amount represents a total of ten (10%( ) of the current anticipated issued and outstanding (11 ( million shares of common stock) common stock of the EWC at the date of this Agreement. This number will be adjusted in the case of a reverse splits, so that the current value received is continued under a lower number of shares outstanding.

Appears in 1 contract

Samples: Supply and Distribution Agreement (Millennium Healthcare Inc.)

AutoNDA by SimpleDocs

Equity Earn In. 2.3.1 2.4.l The EWC hereby agrees that for every $100,000.00 * of in revenue from MHI’s for the services provided hereunder for EWC’s DMpt program, it will issue 110,000 * shares of EWC Shares to MHI, up to a maximum amount of 1.1 * million EWC Shares, which amount represents a total of ten (10%) of the current anticipated issued and outstanding (11 * million shares of common stock) common stock of the EWC at the date of this Agreement. This number will be adjusted in the case of a reverse splits, so that the current value received is continued under a lower number of shares outstanding.

Appears in 1 contract

Samples: Supply and Distribution Agreement (Millennium Healthcare Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.