Share Exchange Conditions Sample Clauses

Share Exchange Conditions. 1. MBTT shall issue sixteen million six hundred seventy nine thousand and three hundred forty (16,679,340) new common stocks in exchange for one hundred percent (100%) of Willtek America Inc.’s stocks which ▇▇▇▇ owns. 2. MBTT shall issue twenty six million six hundred eighty eight thousand and six hundred seventy eight (26,688,678) new common stocks in exchange for sixty one percent (61%) of Willtek America Inc.’s stocks which ▇▇▇▇ owns. 3. A total of 43,368,018 of new common stocks shall be issued to exchange with two subsidiary companies of ▇▇▇▇ as set forth in Paragraphs 1 and 2, which equals to fifty one percent (56%) of MBTT’s total outstanding and issued common stocks.