Share Cancellation. Each applicable Sponsor Member hereby agrees that, immediately prior to the Share Contribution but subject to consummation of the Second Merger, 2,555,100 Shares held by such Sponsor Member (in the allocations set forth on Exhibit A hereto) shall be surrendered to SPAC for no consideration and cancelled by SPAC effective as of the Share Contribution Closing.
Share Cancellation. The Shares are being acquired by the Company for cancellation and return to the status of authorized but unissued.
Share Cancellation. Immediate upon or prior to the Closing, HTAG shall have accepted the cancellation of 1,188,088 shares, such that HTAG shall have no more than 1,103,748 shares issued and outstanding, before the issuance of new shares as provided herein. Payment for the cancelled shares shall be made by the Xxxx Xxxx and/or the Xxxx Xxxx Shareholders in the amount of $450,000 in the aggregate.
Share Cancellation. Immediately prior to the Closing, Xxxxxx shall cancel 155,466,645 shares of her Acquiror Company Common Stock.
Share Cancellation. 4 (2.2) Acquisition Share Issuance.
Share Cancellation. Immediately prior to the Closing, Xxxxxxx Xxxxxxxx shall cancel 3,310,000 of his 4,000,000 VSCO Shares (the “Share Cancellation”).
Share Cancellation. Parent shall have delivered the Cancellation Agreement, pursuant to Section 2.06.
Share Cancellation. Immediate upon or prior to the Closing, HEXC shall have accepted the cancellation of 380,000 shares, such that HEXC shall have no more than 25,800 shares issued and outstanding, before the issuance of new shares as provided herein. Payment for the cancelled shares and the issuance of 50,000,000 new shares to Golden Sand shareholders shall be made by Golden Sand and/or the Golden Sand Shareholders in the amount of $500,000 in the aggregate.
Share Cancellation. Share Issuance and Lock-Up/Leak-Out Agreement. (i) 1,466,379 post-split shares of common stock of Piezo shall have been delivered to Piezo for cancellation to its treasury (that will include the 225,000 post-split shares of common stock underlying the option referenced in subparagraph (ii) of Section 1.1 hereof) and for return to the authorized but unissued capital stock of Piezo by certain principal stockholders as outlined in Schedule 1.5.1 hereof; (ii) an aggregate of 500,000 post-split newly issued shares of "restricted securities" (common stock) of Piezo shall have been issued in consideration of the cancellation of such shares and the waiver by the canceling stockholders of any registration rights that had been granted to them or were applicable to any of the cancelled shares as outlined in Section 1.5.2 hereof; (iii) Piezo shall adopt and ratify the Consulting Agreement attached hereto as Schedule 1.7.1 and the issuance of an aggregate of 293,104 shares of common stock of Piezo for and in consideration of non-capital raising services to be rendered pursuant to the Consulting Agreement, and which shares shall be registered on Form S-8 of the Securities and Exchange Commission as provided in Section 1.7 hereof; and (iv) the principal stockholders that are named in Schedule 1.6.1 hereof shall execute and deliver to Piezo the Lock-Up/Leak-Out Agreement attached hereto as Schedule 1.6.2 covering the shares of common stock of Piezo that are currently owned by them or acquired hereafter by them.
Share Cancellation. Section 6.11 Tax-Free Exchange Status