Share Payments. The Optionee shall issue 300,000 common shares of Mosquito Consolidated Gold Mines Limited to the Optionor as follows:
a. After 60 days, 90,000 shares of Mosquito Consolidated Gold Mines Limited.
b. After 9 months, 90,000 shares of Mosquito Consolidated Gold Mines Limited.
c. After 18 months, 120,000 shares, of Mosquito Consolidated Gold Mines Limited. This agreement and the issuance of shares are subject to the approval of the TSX-Venture Exchange.
Share Payments. (a) AOL shall make Share Payments by delivering on the applicable delivery date to Gateway at 0000 Xxxxxx Xxxxxx Xxxxx, Xxxxxx, Xxxxxxxxxx 00000, certificates representing the lesser of (i) the remaining number of shares of Common Stock that AOL may be obligated to deliver pursuant to Section 1.05 and (ii) the number of shares of Common Stock (A) required to be delivered pursuant to the first sentence of Section 1.03 or (B) specified in the notice of exercise of the AOL Right delivered pursuant to the third sentence of Section 1.03, as applicable, in each case, duly endorsed in blank or accompanied by stock powers duly endorsed in blank in proper form for transfer. AOL shall make such delivery within three Business Days of the applicable contractual due date of such 2004 Amounts (each such date of delivery, a “Delivery Date”). Upon delivery of such shares of Common Stock, (i) the aggregate amount of 2004 Amounts payable by AOL shall be permanently reduced by an amount equal to the number of shares of Common Stock so delivered multiplied by the applicable Value Per Common Share, (ii) AOL’s obligation to pay such amounts shall be permanently discharged and (iii) Gateway and eMachines hereby irrevocably waive any rights they may have at any time to receive any further payment in respect of such 2004 Amounts so paid. Upon such delivery of shares of Common Stock, AOL shall no longer be the owner of such shares or retain any rights with respect to such shares.
(b) AOL represents and warrants as of the date hereof and on each Delivery Date, with respect to the shares of Common Stock delivered to Gateway by AOL on such Delivery Date, that (i) AOL, directly or through one or more wholly owned subsidiaries, is the record owner of such shares and has good and valid title to the Shares, free and clear of all Liens and (ii) assuming Gateway has the requisite power and authority to be the lawful owner of such shares, upon delivery to Gateway on such Delivery Date of certificates representing such shares, duly endorsed by AOL for transfer to Gateway, and upon the discharge of 2004 Amounts in an aggregate amount equal to the number of such shares so delivered multiplied by the applicable Value Per Common Share, good and valid title to such shares will pass to Gateway, free and clear of any Liens, other than those arising from acts of Gateway or its affiliates.
Share Payments. In order to keep the Option in good standing, Crosshair shall, in addition to the $3,000,000 in Eligible Expenditures and $575,000 in cash referred to in sections 2 and 4 herein, make the following free trading Share payments to Optionor:
(a) On signing of the Original Xxxxx Lake Agreement, 250,000 Shares to be delivered to counsel for the Optionor, in trust, with appropriate Power of Attorney, for unconditional release to the Optionor on the Approval Date (acknowledged by the Optionor to have been received);
(b) 100,000 shares upon the date (the "Second Approval Date") of TSX approval for this Amended and Restated Xxxxx Lake Agreement;
(c) First Year Share payment - 250,000 Shares issuable on the Approval Date (acknowledged by the Optionor to have been received);
(d) Second Year Share payment - 250,000 Shares;
(e) Third Year Share Payment - 250,000 Shares;
(f) Fourth Year Share Payment - 250,000 Shares;
(g) Fifth Year Share Payment - 250,000 Shares;
Share Payments. The Department agrees to deduct from the pay of those officers who individually request Lodge membership dues, assessments or fees. The Department also agrees to deduct voluntary proportionate share fees set by the Lodge from the pay of those officers who voluntarily elect to pay such fees in exchange for services provided and determined by the Lodge. Request for any of the above dues, assessments or fees shall be made on a form agreed to by the parties and shall be made within the provisions of the State Salary and Annuity Withholding Act and/or other applicable State statutes and/or procedures established by the Comptroller. Upon receipt of an appropriate written authorization from an officer, such authorized deductions shall be made in accordance with law and the procedures of the Comptroller and shall be remitted semi-monthly to the Lodge in accordance with the current procedures, and at the address designated in writing to the Comptroller by the Lodge. The Lodge shall advise the Department of any increase in dues or other approved deductions in writing at least thirty (30) days prior to its effective date. During the term of this agreement, dues and voluntary proportionate share fees shall be increased by a percentage matching each increase in the basic salary schedule as provided for in Article 20 of this Agreement.
Share Payments. On or before January 25, 2008, PBOF agrees to deliver to Xxxxxxx: (a) 75,000 shares of PBOF common stock in two stock certificates as follows: 30,000 shares of PBOF common stock issued to “Condor Partners LLC” and 45,000 shares of PBOF common stock issued to “Xxxxxxx Capital Partners”; (b) $60,000 payable in shares of PBOF common stock at an agreed fair market value of $.57 per share (or 105,263 shares, in the aggregate) issued to “Xxxxxxx Capital Partners” (the “Shares Underlying the Note”) and (c) 6,172 shares of PBOF common stock representing all of the interest owed to Xxxxxxx on the Note (as defined in the April 18 Agreement) issued to “Xxxxxxx Capital Partners” (the “Interest Shares”), collectively, with shares referred to in clauses (a) and (b) above (the “Settlement Shares”). The Settlement Shares are duly authorized and, upon issuance in accordance herewith, shall be duly and validly issued, fully paid and non-assessable and free and clear of all liens, claims, encumbrance and preemptive or other rights.
Share Payments. Subject to Grantor’s election in accordance with Article 19 to receive any amounts payable hereunder to LSI, each of Grantor and LSI shall be entitled to receive the Share Payments as partial consideration for the payment of the Grant Award by Grantor; provided that (subject to any election by Grantor in accordance with Article 19), any and all payments of Additional Interest shall be paid by Grantee to LSI. The initial [†] (in the aggregate) of any Share Payments (excluding Additional Interest) shall be paid by Grantee to Grantor. Thereafter, any additional Share Payments (excluding Additional Interest), up to a maximum aggregate amount of [†], shall be paid by Grantee to LSI. As soon as Grantee has made Share Payments to Grantor and LSI equal to [†] in the aggregate, Grantee shall have no further obligations hereunder to make any Share Payments to Grantee or LSI; provided that Grantee agrees to continue to make payments of Additional Interest, if any, to LSI.
Share Payments. In order to keep the Option in good standing, Crosshair shall, in addition to the $4,000,000 in Eligible Expenditures set forth in section 2 hereof make, during the Option Period, the following Share payments to Optionor:
a. 20,000 Shares within five business days of the Execution Date;
b. 20,000 Shares on or before the first anniversary of the Execution Date;
c. 20,000 Shares on or before the second anniversary of the Execution Date; and
d. 20,000 Shares on or before the third anniversary of the Execution Date. In lieu of making any or all of the payments in Shares in 3(b), 3(c), or 3(d) above, Crosshair may elect to make cash payments of $30,000 (on the basis of $1.50 cash in lieu of each Share).
Share Payments. On the dates described below, Coolcharm shall cause the issuance or delivery to WGI of the shares of Coolcharm, as follows: On the parties’ execution of this Agreement 600,000 The foregoing payments are not contributions of capital and shall not be credited to Coolcharm’s Initial Contribution obligations. The shares shall be subject to the requirements of all applicable Canadian, United States, provincial and state laws and regulations and the rules of each exchange or trading association on which the shares are listed for trading or are traded. Owner acknowledges that the shares have not been registered under any Canadian, United States, provincial or state securities laws, and that the shares may not be offered or sold unless subsequently registered under all applicable Canadian, United States, provincial and state securities laws or unless exemptions from registration requirements are available for the transaction, as established to the satisfaction of Coolcharm by opinion of counsel or otherwise. If the designations and rights relative to the shares or the share structure of Coolcharm are changed or modified by an amalgamation, conversion, exchange, merger, share dividend, reverse dividend or any other means, the number of shares which Coolcharm is obligated to issue in accordance with this Section shall be adjusted accordingly.
Share Payments. In order to keep the Option in good standing, Crosshair shall, in addition to the $600,000 in Eligible Expenditures and $140,000 in cash referred to in sections 2 and 4 herein, make the following Share payments to Optionor:
(a) 50,000 Shares within five (5) business days of the Approval Date;
(b) 75,000 Shares on or before the first anniversary of this Agreement; and
(c) 100,000 Shares on or before the second anniversary of this Agreement.
Share Payments. With respect to all shares in the Company earned by the Executive prior to the effective date of the Termination Event, such shares shall be immediately granted and vested in the Executive, not subject to repurchase and not subject to assumption, assignment or replacement by the Company or its successors.
