Shares Transfer Price Sample Clauses

Shares Transfer Price. 4.1 Pursuant to a loan agreement signed on the date of June 7, 2013 by and between the Existing Shareholders and Beijing Security (hereinafter referred to as the “Loan Agreement”), the Existing Shareholders owe a debt in the aggregate amount of RMB [3] Million to Beijing Security. Therefore, the Parties hereby agree that, the Shares Transfer Price of the Option Shares of each Existing Shareholder shall be equivalent to the amount of corresponding debt owed by each Existing Shareholder to Beijing Security under the Loan Agreement at that time; however, if the minimum shares transfer price permitted by the PRC Laws at that time is higher than the amount of such debt, the transfer price shall be subject to the minimum price permitted by the PRC Laws. Notwithstanding the aforesaid provisions, to the extent permitted by PRC Laws and regulations, the Existing Shareholders shall jointly waive Beijing Security’s obligations to pay the amount between the minimum shares transfer price permitted by the PRC Laws and the amount of the corresponding debt.
Sample 1
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Shares Transfer Price. Whenever the Sole-funded Company exercises the Option, the shares transfer price payable by the Sole-funded Company and/or any other entity or individual designated by the Sole-funded Company to the Shareholders shall be RMB 0 Yuan. The Shareholders hereby irrevocably agree that, if the applicable laws then stipulate that the transfer price of the Company shares must be on the basis of the appraisal value and (1) the appraisal value is higher than the corresponding amount of the Company’s registered capital, then the Shareholders shall give up the balance between the appraisal value and the corresponding amount of the Company’s registered capital in a legitimate way or return the aforesaid balance to the Sole-funded Company and/or any other entity or individual designated by the Sole-funded Company in a legitimate way after the receipt of the balance; or (2) the appraisal value is lower than the corresponding amount of the Company’s registered capital, then the Parties agree that the transfer price shall be equivalent to the appraisal value.
Sample 1
Shares Transfer Price. 4.1 Pursuant to a loan agreement signed on the date of June 20, 2012 by and between the Existing Shareholders and Conew Network (hereinafter referred to as the “Loan Agreement”), the Existing Shareholders owe a debt in the aggregate amount of XXX 00 Million to Conew Network. Therefore, the Parties hereby agree that, the Shares Transfer Price of the Option Shares of each Existing Shareholder shall be equivalent to the amount of corresponding debt owed by each Existing Shareholder to Conew Network under the Loan Agreement at that time; however, if the minimum shares transfer price permitted by the PRC Laws at that time is higher than the amount of such debt, the transfer price shall be subject to the minimum price permitted by the PRC Laws. Notwithstanding the aforesaid provisions, to the extent permitted by PRC Laws and regulations, the Existing Shareholders shall jointly waive Conew Network’s obligations to pay the amount between the minimum shares transfer price permitted by the PRC Laws and the amount of the corresponding debt.
Sample 1
Shares Transfer Price 
Sample 1

Related to Shares Transfer Price

  • Transfer Price 4.1. With regard to the Equity Transfer Option, the total Transfer Price to be paid by the WFOE or any other entity or individual designated by the WFOE to each Company Shareholder at each Exercise of Option by the WFOE shall be the capital contribution mirrored by the corresponding Transferred Equity in the Company Registered Capital. But if the lowest price permitted by the then-effective PRC Law is higher than the above capital contribution, the Transfer Price shall be the lowest price permitted by the PRC Law.

  • Shares; Price The Company hereby grants to Optionee the right to purchase, upon and subject to the terms and conditions herein stated, the number of shares of Stock set forth in Section 1(c) above (the "Shares") for cash (or other consideration as is acceptable to the Board of Directors of the Company, in their sole and absolute discretion) at the price per Share set forth in Section 1(d) above (the "Exercise Price").

  • Cash in Lieu of Fractional Common Shares The Company shall not be required to issue fractions of Common Shares or to distribute certificates which evidence fractional Common Shares upon the exercise or exchange of Rights. In lieu of such fractional Common Shares, the Company shall pay to the registered holders of the Right Certificates with regard to which such fractional Common Shares would otherwise be issuable an amount in cash equal to the same fraction of the current market value of a whole Common Share (as determined in accordance with Section 14.1) for the Trading Day immediately prior to the date of such exercise or exchange.

  • Adjustment of Purchase Price and Number of Shares The number of shares of Common Stock issuable upon exercise of this Warrant (or any shares of stock or other securities or property receivable or issuable upon exercise of this Warrant) and the Purchase Price are subject to adjustment upon occurrence of the following events:

  • Adjustment of Warrant Price and Number of Shares Issuable Upon Exercise The Warrant Price and the number of shares of Warrant Stock that may be purchased upon exercise of this Warrant shall be subject to adjustment from time to time as set forth in this Section 4. The Issuer shall give the Holder notice of any event described below which requires an adjustment pursuant to this Section 4 in accordance with the notice provisions set forth in Section 5.

  • Adjustment to Number of Shares Upon each adjustment of the Exercise Price, the number of Shares issuable upon exercise of the Warrant shall be increased to equal the quotient obtained by dividing (x) the product resulting from multiplying (i) the number of Shares issuable upon exercise of the Warrant, and (ii) the Exercise Price, in each case as in effect immediately before such adjustment by (y) the adjusted Exercise Price.

  • Cash in Lieu of Fractional Shares If Physical Settlement or Combination Settlement applies to the conversion of any Note and the number of shares of Common Stock deliverable pursuant to Section 5.03(B)(i) upon such conversion is not a whole number, then such number will be rounded down to the nearest whole number and the Company will deliver, in addition to the other consideration due upon such conversion, cash in lieu of the related fractional share in an amount equal to the product of (1) such fraction and (2) (x) the Daily VWAP on the Conversion Date for such conversion (or, if such Conversion Date is not a VWAP Trading Day, the immediately preceding VWAP Trading Day), in the case of Physical Settlement; or (y) the Daily VWAP on the last VWAP Trading Day of the Observation Period for such conversion, in the case of Combination Settlement.

  • Purchase Price; Number of Shares (a) The registered holder of this Warrant (the “Holder”), commencing on the date hereof, is entitled upon surrender of this Warrant with the subscription form annexed hereto duly executed, at the principal office of the Company, to purchase from the Company, at a price per share of $2.80 (the “Purchase Price”), 185,714 fully paid and nonassessable shares of the Company’s Series D Preferred Stock, (the “Exercise Quantity”), $0.001 par value (the “Preferred Stock”).

  • Adjustment of Purchase Price, Number of Shares or Number of Rights The Purchase Price, the number of Preferred Shares covered by each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 11.

  • Adjustment of Exercise Price and Number of Shares upon Issuance of Common Stock Except as otherwise provided in Paragraphs 4(c) and 4(e) hereof, if and whenever on or after the date of issuance of this Warrant, the Company issues or sells, or in accordance with Paragraph 4(b) hereof is deemed to have issued or sold, any shares of Common Stock for no consideration or for a consideration per share (before deduction of reasonable expenses or commissions or underwriting discounts or allowances in connection therewith) less than the Market Price on the date of issuance (a "Dilutive Issuance"), then immediately upon the Dilutive Issuance, the Exercise Price will be reduced to a price determined by multiplying the Exercise Price in effect immediately prior to the Dilutive Issuance by a fraction, (i) the numerator of which is an amount equal to the sum of (x) the number of shares of Common Stock actually outstanding immediately prior to the Dilutive Issuance, plus (y) the quotient of the aggregate consideration, calculated as set forth in Paragraph 4(b) hereof, received by the Company upon such Dilutive Issuance divided by the Market Price in effect immediately prior to the Dilutive Issuance, and (ii) the denominator of which is the total number of shares of Common Stock Deemed Outstanding (as defined below) immediately after the Dilutive Issuance.

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