Common use of Formation of Newco Clause in Contracts

Formation of Newco. Upon execution of this Agreement, Maxxon will organize a new corporation ("Newco") under Oklahoma law with an authorized capitalization of 50,000,000 shares of common stock, par value $.001 per share, whose name shall be Ives Health Company, Inc.. Xxxxx Xxxx shall designate the directors and officers of Newco. Maxxon will change the name of its current subsidiary and make the name "Ives Health Company, Inc." available to this new corporation.

Appears in 3 contracts

Samples: Agreement Between M. Keith Ives and Maxxon, Inc. (Ives Health Co Inc), Agreement Between M. Keith Ives and Maxxon, Inc. (Ives Health Co Inc), Shareholder Agreement (Ives Health Co Inc)

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Formation of Newco. Upon execution of this Agreement, Maxxon will organize a new corporation ("Newco") under Oklahoma law with an authorized capitalization of 50,000,000 shares of common stock, par value $.001 per share, whose name shall be Ives Health Company, Inc.. Inc. Xxxxx Xxxx shall designate the directors and officers of Newco. Maxxon will change the name of its current subsidiary and make the name "Ives Health Company, Inc." available to this new corporation.

Appears in 1 contract

Samples: Share Exchange Agreement (Maxxon Inc)

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