Securities to be Issued. The Holder agrees to accept, and the Company agrees to issue and transfer to the Holder, shares of the Company's Common Stock. The number of shares of Common Stock to be issued shall be determined by dividing the total of the Amount Owed and the Expenses by the closing price of the Common Stock on the trading date immediately prior to the date of this Agreement. The Common Stock issued in payment of the Amount Owed and as reimbursement for the Expenses shall be referred to in this Agreement as the "Shares".
Appears in 4 contracts
Samples: Debt Conversion Agreement (Us Global Nanospace Inc), Agreement to Convert Debt (Us Global Nanospace Inc), Agreement to Convert Debt (Us Global Nanospace Inc)
Securities to be Issued. The Holder agrees to accept, and the Company agrees to issue and transfer to the Holder, shares of the Company's Common Stock. The number of shares of Common Stock to be issued shall be determined by dividing the total of the Amount Owed and the Expenses by the closing price of the Common Stock on the trading date immediately prior to the date of this Agreement. The Common Stock issued in payment of the Amount Owed and as reimbursement for the Expenses shall be referred to in this Agreement as the "Shares".
Appears in 1 contract
Samples: Agreement to Convert Debt (Us Global Nanospace Inc)
