Purchase and Sale of Target Securities. 1.1 Agreement to Purchase and Sell...................................2 --- ------------------------------ 1.2
Purchase and Sale of Target Securities. Subject to the terms and conditions of this Agreement, the Purchaser irrevocably agrees to acquire the Target Securities from the Target Vendors, which will represent all of the Target Securities outstanding at the Closing, and the Target Vendors irrevocably agree to exchange, assign and transfer the Target Securities to the Purchaser, free and clear of all Liens, on the terms and conditions herein set forth, in consideration for the issuance of an aggregate of 15,000,000 Consideration Shares to the Target Vendors as further set out in Schedule A, at a deemed price of $0.20 per Consideration Share, such that, immediately following the Closing, all of the issued and outstanding Target Securities will be owned by the Purchaser.
Purchase and Sale of Target Securities. Subject to and in accordance with the terms set forth in this Agreement, Seller hereby agrees to cause its Subsidiaries to sell and deliver to Buyer at the Closing, free and clear of any Liens (other than restrictions on transfer imposed by securities Laws), indirectly or directly, the Target Securities.
Purchase and Sale of Target Securities. Subject to the terms and conditions of this Agreement, the Purchaser irrevocably agrees to acquire the Target Securities from the Target Securityholders and the Target Securityholders irrevocably agree to exchange, assign and transfer the Target Securities to the Purchaser, free and clear of all Liens, on the terms and conditions herein set forth, in consideration for the grant and issuance by the Purchaser of the Consideration Securities to the Target Securityholders, such that, at Closing, the Target will become a wholly-owned subsidiary of the Purchaser.
Purchase and Sale of Target Securities
