Common use of Share Cancellation Clause in Contracts

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.

Appears in 3 contracts

Samples: Plan of Exchange (Heritage Companies Inc), Songzai International Holding Group Inc, Songzai International Holding Group Inc

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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 Yong Heng and/or the Xxxx Xxxx Shareholders Yong Heng Shxxxxxxxxxs in the amount of amoxxx xx $450,000 050,000 in the aggregate.

Appears in 1 contract

Samples: Heritage Companies Inc

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