Restricted Stock Issuance. In connection with the License Agreement and subject to the terms and conditions of this Agreement, the Company hereby agrees to issue to Paramount 200,000 shares (collectively, the “Shares”) of the Company’s common stock, par value $0.001 per share (“Common Stock”). The Company shall issue the Shares as soon as practicable following the date of this Agreement, and in any event within twenty (20) business days following the date that Paramount has exercised its Renewal Option under Section 3.B. of the License Agreement (the “Original Issuance Date”).
Restricted Stock Issuance. The Company issued and sold 1,150,000 shares of restricted common stock of the Company to the Executive pursuant to the Restricted Stock Agreement dated December 31, 2008 attached hereto as Exhibit A, which agreement sets forth the terms applicable to such shares (the “Restricted Stock Agreement”).
Restricted Stock Issuance. The First Party shall issue the Second Party a minimum of 6,000,000 shares of its common stock, $.001 par value per shares (the “Shares”). The Shares shall be issued in tranches monthly or quarterly, as to be reasonably agreed to by the Parties.
Restricted Stock Issuance. In connection with the License Agreement and subject to the terms and conditions of this Agreement, the Company hereby agrees to issue to Sony a number of shares of the Company’s common stock, par value $0.001 per share (“Common Stock”), equal to (i) $5,000,000 divided by (ii) the Agreement Date Closing Price (as defined below) (collectively, the “Shares”). For purposes of this Agreement, the “
Restricted Stock Issuance. In connection with the License Agreement and the exercise of the 2015 extention option thereunder, and subject to the terms and conditions of the License Agreement and this Agreement, the Company hereby agrees to issue to Sony 25,000 shares of the Company's common stock, par value $0.001 per share ("Common Stock"). The Company shall issue the Shares as soon as practicable following the date of this Agreement, and in any event within thirty (30) business days following the date of this Agreement, and the Shares shall be deemed immediately vested on issuance.
Restricted Stock Issuance. (a) Upon the closing of a Subsequent Financing that is related to a Reverse Merger Transaction, the Public Company shall issue to each Lender without further consideration, such number of restricted shares of Common Stock of the Company as shall be equal to thirty (30%) percent of the face value of each Note, plus accrued and unpaid interest, at a price per share equal to the price per share at which the Public Company completes the Subsequent Financing. Should the Company not complete a Subsequent Financing related to a Reverse Merger Transaction within One Hundred and Eighty (180) days of the Closing Date, the Company’s obligation to issue the restricted shares of Common Stock under this Section 9(a) shall be satisfied upon the issuance to Note holders of such number of shares of Common Stock of the Company to each Lender as shall represent thirty (30%) percent of the principal amount of face value of each Note, at a price per share equal to a market value of the Company, on a per share basis, based upon $2.5 million as the total pre-money market value of the Company, on a fully-diluted basis.
(b) Notwithstanding anything contained herein to the contrary, if the Company does not pay the principal and interest due on the Notes within forty-five (45) days following the Maturity Date, the Company shall, in lieu of the issuance described above in Section 9(a), issue Lenders in the aggregate Common Stock equal to ten percent (10%) of the issued and outstanding Common Stock of the Company, on a fully diluted basis, pro-rata, to the Lenders.
Restricted Stock Issuance. In connection with the License Agreement and the Side Letter and the exercise of the 2016 Extension Option (as defined in the Side Letter) thereunder, and subject to the terms and conditions of the License Agreement and this Agreement, the Company hereby agrees to issue to Sony 25,000 shares of the Company's common stock, par value $0.001 per share ("Common Stock"). The Company shall issue the Shares as soon as practicable following the date of this Agreement, and in any event within thirty (30) business days following the date of this Agreement, and the Shares shall be deemed immediately vested on issuance.
Restricted Stock Issuance. Subject to the terms and conditions of this Agreement, the Company hereby issues to the Recipient the Sign-On Shares. All of the Sign-On Shares issued hereunder are issued to the Recipient as fully paid and nonassessable shares, and, subject to the other terms and conditions of this Agreement, the Recipient shall have all rights of a stockholder with respect thereto, including the right to vote, receive dividends (including stock dividends), participate in stock splits or other recapitalizations, and exchange such shares in a merger, consolidation or other reorganization.
Restricted Stock Issuance. All Shares issued hereunder shall be deemed issued to 180 as fully paid and non-assessable shares, and 180 shall have all rights of a stockholder with respect thereto, subject to Section 2 below. The term “Shares,” in addition to the Shares issued pursuant to this Agreement, also refers to all new, substituted or additional securities received in replacement of the Shares, as a stock dividend or as a result of any stock split, recapitalization, merger, reorganization, exchange for other securities, by reclassification, or the like, and all new, substituted or additional securities or other properties to which 180 is entitled by reason of 180’s ownership of the Shares.
Restricted Stock Issuance. In connection with the Fifth Amendment to the License Agreement and subject to the terms and conditions of this Agreement, the Company hereby agrees to issue to Paramount 100,000 shares (collectively, the “Shares”) of the Company’s common stock, par value $0.001 per share (“Common Stock”). The Company shall issue the Shares as soon as practicable following the date of this Agreement, and in any event within twenty (20) business days following the date that the Fifth Amendment to the License Agreement is executed (the “Original Issuance Date”).
