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. Immediately prior to the Closing, Xxxxxx shall cancel 155,466,645 shares of her Acquiror Company Common Stock.
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. 4 (2.2) Acquisition Share Issuance.
Share Cancellation. Parent shall have delivered the Cancellation Agreement, pursuant to Section 2.06.
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. 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. 4 (2.2) Acquisition Share Issuance. 4 (2.3) No Reverse Split. 5
Share Cancellation. Section 6.11 Tax-Free Exchange Status
