Reorganization Status. (a) There is no present plan or intention for Buyer or any person related to Buyer (as defined in Reg. Sec. 1.368-(1)(e)(3)) to acquire or redeem, during the five-year period beginning on the Closing Date, any of the Aggregate Share Consideration issued in the transaction either directly or indirectly or through any transaction, agreement, or arrangement with any other Person.
Appears in 3 contracts
Samples: Asset Purchase Agreement (Spindle, Inc.), Asset Purchase Agreement (Spindle, Inc.), Asset Purchase Agreement (Augme Technologies, Inc.)
Reorganization Status. (a) There is no present plan or intention for Buyer or any person related to Buyer (as defined in Reg. Sec. 1.368-(1)(e)(3)) to acquire or redeem, during the five-year period beginning on the Closing Date, any of the Aggregate Share Consideration Buyer Securities issued in connection with the transaction transactions contemplated herein or the Plans of Liquidation either directly or indirectly or through any transaction, agreement, or arrangement with any other Person.
Appears in 1 contract
Samples: Plan of Reorganization And (Petron Energy II, Inc.)
