Shareholder Loan. The Purchaser acknowledges that Gruering has advanced loans to the Company as a shareholder loan. Such shareholder loan shall be converted into 1,097,145 shares of Common Stock of the Purchaser as of the Closing Date. Said shareholder shall execute a release to the Company in the form attached hereto as Exhibit A.”
Appears in 2 contracts
Samples: Stock Purchase Agreement (Swissinso Holding Inc.), Stock Purchase Agreement (Pashminadepot.com, Inc)
Shareholder Loan. The Purchaser acknowledges that Gruering has advanced loans funds to the Company as a shareholder loan. Such shareholder loan shall be converted into 1,097,145 5,000,000 shares of Common Stock of the Purchaser. The Purchaser as shall reserve 5,000,000 shares of its Common Stock to allow for the Closing Date. Said conversion by Gruering of this shareholder shall execute a release to the Company in the form attached hereto as Exhibit A.”loan.
Appears in 2 contracts
Samples: Stock Purchase Agreement (Swissinso Holding Inc.), Stock Purchase Agreement (Pashminadepot.com, Inc)
