Non-Cash Consideration. If any assets of the Company distributed to shareholders in connection with any liquidation, dissolution or winding up of the Company are other than cash, then the value of such assets shall be their fair market value as determined by the Board
Appears in 2 contracts
Samples: Patent License Agreement (INverso Corp), Patent License Agreement (INverso Corp)
Non-Cash Consideration. If any assets of the Company Corporation distributed to shareholders in connection with any liquidation, dissolution or winding up of the Company Corporation are other than cash, then the value of such assets shall be their fair market value as determined by the Board.
Appears in 1 contract
Samples: Merger Agreement (Freeze Tag, Inc.)
Non-Cash Consideration. If any assets of the Company Corporation distributed to shareholders in connection with any liquidation, dissolution dissolution, or winding up of the Company Corporation are other than cash, then the value of such assets shall be their fair market value as determined by the Board.
Appears in 1 contract
Samples: Series a 1 Preferred Stock Purchase Agreement (TransBiotec, Inc.)
Non-Cash Consideration. If any assets of the Company distributed to shareholders in connection with any liquidation, dissolution or winding up of the Company are other than cash, then the value of such non-cash assets shall be deemed to be their fair market value as determined in good faith by the Board.
Appears in 1 contract
Samples: Exchange Agreement (Mdsi Mobile Data Solutions Inc /Can/)
Non-Cash Consideration. If any assets of the Company Corporation distributed to shareholders stockholders in connection with any liquidation, dissolution dissolution, or winding up of the Company Corporation are other than cash, then the value of such assets shall be their fair market value as determined by the BoardBoard of Directors in good faith, except that any securities to be distributed to stockholders in a liquidation, dissolution, or winding up of the Corporation shall be valued as follows:
Appears in 1 contract
Samples: Series a Preferred Stock and Warrant Purchase Agreement (Gric Communications Inc)
