The Share Purchase. (a) On the Closing Date (defined herein), the Share Purchase shall be consummated, in which the Investor shall purchase from AVTX an aggregate of fifty seven million, one hundred forty three thousand, three hundred and two (57,143,302) shares of the Common Stock of AVTX (“PURCHASED SHARES”) for cash consideration of Three Hundred Twenty Five Thousand and 00/100 Dollars ($325,000.00). (b) The Parties intend that the issuance of the Purchased Shares to the Investors pursuant to the Share Purchase shall be exempt from the registration requirements of the Securities Act of 1933 (the “SECURITIES ACT”) pursuant to Section 4(2) of the Securities Act and the rules and regulations promulgated thereunder. <PAGE>
Appears in 2 contracts
Samples: Share Purchase and Merger Agreement, Share Purchase and Merger Agreement (Infrared Systems International)
The Share Purchase. (a) On the Closing Date (defined herein), the Share Purchase shall be consummated, in which the Investor shall purchase from AVTX an aggregate of fifty seven million, one hundred forty three thousand, three hundred and two (57,143,302) shares of the Common Stock of AVTX (“PURCHASED SHARESPurchased Shares”) for cash consideration of Three Hundred Twenty Five Thousand and 00/100 Dollars ($325,000.00).
(b) The Parties intend that the issuance of the Purchased Shares to the Investors pursuant to the Share Purchase shall be exempt from the registration requirements of the Securities Act of 1933 (the “SECURITIES ACTSecurities Act”) pursuant to Section 4(2) of the Securities Act and the rules and regulations promulgated thereunder. <PAGE>.
Appears in 1 contract
Samples: Share Purchase and Merger Agreement (Infrared Systems International)
The Share Purchase. (a) On the Closing Date (defined herein), the Share Purchase shall be consummated, in which the Investor shall purchase from AVTX an aggregate of fifty seven million, one hundred forty three thousand, three hundred and two (57,143,302) shares of the Common Stock of AVTX (“"PURCHASED SHARES”") for cash consideration of Three Hundred Twenty Five Thousand and 00/100 Dollars ($325,000.00).
(b) The Parties intend that the issuance of the Purchased Shares to the Investors pursuant to the Share Purchase shall be exempt from the registration requirements of the Securities Act of 1933 (the “"SECURITIES ACT”") pursuant to Section 4(2) of the Securities Act and the rules and regulations promulgated thereunder. <PAGE>.
Appears in 1 contract
Samples: Share Purchase and Merger Agreement (Advance Technologies Inc)