Common use of Retirement of Shares Clause in Contracts

Retirement of Shares. The Company agrees, subject to section 3 hereof, to forthwith after the closing of the Purchase Agreement to retire the Surrendered Shares which shall become authorized but unissued.

Appears in 3 contracts

Samples: Return to Treasury Agreement (CleanTech Innovations, Inc.), Return to Treasury Agreement (Cartan Holdings Inc.), Return to Treasury Agreement (Deer Consumer Products, Inc.)

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Retirement of Shares. The Company agrees, subject to section 3 hereof, to forthwith after the closing of the Purchase Agreement to retire the Surrendered Shares which shall become authorized but unissued.. CONDITION PRECEDENT

Appears in 2 contracts

Samples: Return to Treasury Agreement (Pacific Northwest Productions Inc.), Return to Treasury Agreement (Pacific Northwest Productions Inc.)

Retirement of Shares. The Company agrees, subject to section Section 3 hereof, to retire forthwith after the closing of the Purchase Agreement to retire the Surrendered Shares Shares, which shall become authorized but unissued.

Appears in 1 contract

Samples: Return to Treasury Agreement (FusionTech, Inc.)

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Retirement of Shares. The Company agrees, subject to section Section 3 hereof, to retire forthwith after the closing of the Purchase Share Exchange Agreement to retire the Surrendered Shares Shares, which shall become authorized but unissued.

Appears in 1 contract

Samples: Return to Treasury Agreement (Nova Lifestyle, Inc.)

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