Issuance of Company Shares. The Director shall exercise the Options by giving written notice thereof to the Company and paying the applicable option exercise price to the Company by certified check or electronic wire transfer of immediately available funds. Upon receipt of such payment, the Company shall issue to the Director certificates evidencing the Company Shares purchased therewith.
Issuance of Company Shares. The Executive shall exercise the Options by giving written notice thereof to the Company and paying the applicable option exercise price to the Company by certified check or electronic wire transfer of immediately available funds. Upon receipt of such payment, the Company shall issue to the Executive certificates evidencing the Company Shares purchased therewith.
Issuance of Company Shares. As full consideration for the contribution of the Assets, the Company shall issue the Company GMAR Shares to GMAR at the Closing. As full consideration for the contribution of the EXPL Shares, the Company will issue the Company EXPL Shares to EXPL at the Closing.
Issuance of Company Shares. The Company Shares are duly authorized and, when issued and paid for in accordance with the provisions hereof, will be duly and validly issued, fully paid and nonassessable, free and clear of all liens imposed by the Company.
Issuance of Company Shares. Upon (i) obtaining the approvals of the transfer of the equity interest in Beijing Vizeum to the Company issued by the State Administration for Industry and Commerce and the Beijing Municipal Commission of Commerce and (ii) completing the registration of such transfer with the Beijing Administration for Industry and Commerce, the Company shall, within five (5) Business Days thereof, issue the Subscribed Shares to Media Port in consideration of the full and complete discharge and release of the obligations of the Company under Clause 2 hereof to effect the Transfer of Title whereupon the Closing – Title shall be completed and the interests of Media Port in the beneficial interest in and to the Company shall be deemed to have merged with its ownership of the legal title in the Company through the Subscribed Shares.
Issuance of Company Shares. In full payment for the assignment by Biostem to the Company of the Proprietary Technology, the Company shall issue and deliver to Biostem (or, at the option of Biostem, to be exercised, if at all, prior to the Closing, the members of Biostem, ratably) Twenty Million, Four Hundred Thousand (20,400,000) unregistered common shares of the Company (the "Company Shares"). The Company Shares, will, when issued, be validly issued, fully paid, and non assessable; and the sale, issuance and delivery of the Company Shares on the terms herein contemplated will be authorized by all requisite corporate action of the Company; and the Company Shares will not be subject to any preemptive rights, options or similar rights on the part of any shareholder or creditor of the Company or any other person. The Company Shares will be issued at Closing (as defined below) pursuant to an exemption from registration under the Securities Act of 1933, as amended (the "Securities Act") pursuant to Section 4(2) of the Securities Act. Upon issuance, the Company Shares will be considered "restricted" shares and may not be transferred or re-sold unless an exemption for such transfer is available or the resale is covered by a registration statement filed under the Securities Act. The sale, transfer and assignment of the Proprietary Technology by Biostem in consideration for the issuance of the Company Shares are referred to herein as the "Technology Purchase."
Issuance of Company Shares. As consideration for the Pre-Paid Advance, and prior to the closing of the Business Combination and the Pre-Advance Closing, QTI will issue to the Investor that number of shares of stock of QTI equal to the result of (x) one million (1,000,000) divided by (y) the Exchange Ratio (as such term is defined in the BCA), such that upon the closing of the Business Combination, the Investor will receive that consideration provided for in the BCA that a holder of shares of stock of QTI is entitled to receive pursuant to the BCA, including one million (1,000,000) shares of Common Stock which are freely tradable upon receipt of such consideration as provided for in the BCA (the “Company Shares”).
Issuance of Company Shares. Immediately prior to the consummation of the Closing, the Company shall authorize the issuance to Contributor of 3,388,466 shares of the Company’s Class A Common Stock, in exchange for all of Contributor’s right, title and interest in the Rollover Shares.
Issuance of Company Shares. The Company Shares to be issued in connection with this Agreement are duly authorized and, when issued in accordance herewith, will be duly and validly issued, fully paid and nonassessable, free and clear of any mortgage, pledge, lien, encumbrance, charge, or other security interest and shall not be subject to preemptive or similar rights. Except as to the registration rights and other terms set forth herein, the terms of the Company Shares to be issued in connection with this Agreement shall be identical to the Common Stock of the Company registered currently on the NASDAQ System.
Issuance of Company Shares. Company shall issue to Shareholders shares of common stock of Company (collectively, the "Company Shares") as set forth in Schedule B .
