Common use of Transfer of Stock to Trustee Clause in Contracts

Transfer of Stock to Trustee. (a) Simultaneous with the execution hereof, the Shareholders are depositing with the Trustee, their certificates for the Shares of the Company listed on the subscription page hereof. The stock certificates shall have been duly endorsed, or are accompanied by such instruments of transfer as to enable the Trustee to cause such certificates to be transferred into the name of the Trustee, as hereinafter provided. On receipt by the Trustee of the certificate for any such Shares and the transfer of the same into the name of the Trustee, the Trustee shall hold the same subject to the terms of this Agreement, and shall thereupon issue and deliver to the Shareholders a voting trust certificate for the Shares so deposited which shall be in the form annexed hereto as Exhibit A. (b) Upon exercise of the Warrants, all shares underlying the Warrants shall be subject to the terms of this Agreement and shall be deposited with the Trustee pursuant to Section 2(a) above.

Transfer of Stock to Trustee. (a) Simultaneous The Stockholder shall deposit with the execution hereof, the Shareholders are depositing with the Trustee, their Trustee a certificate or certificates for his Company stock as set forth after his signature to this Agreement. No stock shall be deposited hereunder except stock having general voting powers, as provided in the Shares Certificate of the Company listed on the subscription page hereofIncorporation. The All such stock certificates shall have been duly be endorsed, or are accompanied by such instruments of transfer as to enable the Trustee to cause such certificates to be transferred into the name of the Trustee, as hereinafter provided. On receipt by the Trustee of the certificate certificates for any such Shares shares and the their transfer of the same into the name of the Trustee, the Trustee shall hold the same them subject to the terms of this Agreement, and shall thereupon issue and deliver to the Shareholders Stockholder a voting trust certificate or certificates for the Shares shares so deposited which shall be in the form annexed hereto as Exhibit A.deposited. (b) Upon exercise All certificates for stock of the Warrants, all shares underlying the Warrants shall be subject Company transferred and delivered to the terms of this Agreement and shall be deposited with the Trustee pursuant to Section 2(a) abovethis Agreement shall be surrendered by the Trustee to the Company and canceled, and new certificates therefor shall be issued to and held by the Trustee in the name of "Xxxxxxx X. Xxxxx, as Voting Trustee."

Transfer of Stock to Trustee. (a) Simultaneous Shareholders shall deposit with the execution hereof, the Shareholders are depositing with the Trustee, their Trustee certificates for the Shares number of the Company listed shares of Stock as set forth on the subscription page hereof. The Schedule I. All such stock certificates shall have been duly endorsed, be so endorsed or are accompanied by such instruments of transfer as to enable the Trustee to cause such certificates to be transferred into the name of the Trustee, as hereinafter provided. On receipt by the Trustee of the certificate certificates for any such Shares the Stock and the transfer of the same into the name of the Trustee, the Trustee shall hold the same subject to the terms of this Agreement, Agreement and shall thereupon issue and deliver to the Shareholders each Shareholder a voting trust certificate or certificates for the Shares so Stock deposited which shall be by such Shareholder, in substantially the form annexed attached hereto as Exhibit A. (b) Upon exercise of the Warrants, all shares underlying the Warrants shall be subject A. All certificates for Stock transferred and delivered to the terms of this Agreement and shall be deposited with the Trustee pursuant to Section 2(a) abovethis Agreement shall be surrendered by the Trustee to the Company and cancelled, and new certificates therefor shall be issued to and held by the Trustee in the name of "Terrxxxx X. Xxxxxx, xx Voting Trustee pursuant to a certain Voting Trust Agreement dated March 30, 1999."

Transfer of Stock to Trustee. (a) Simultaneous Xxxxxx X. Xxxxxx may deposit from time to time with the execution hereofTrustee all or any portion of his stock in the Company, the Shareholders are depositing with the Trustee, their as represented by stock certificate(s). All stock certificates for representing the Shares shall be made out in the name of the Company listed on the subscription page hereof. The stock certificates shall have been duly Trustee or so endorsed, or are accompanied by such instruments of transfer as to enable the Trustee to cause such certificates to be transferred into the name of the Trustee, as hereinafter provided. On receipt by the Trustee of the certificate certificates for any such Shares and the transfer of the same into the name of the Trustee, the Trustee shall hold the same subject to the terms of this Agreement, and shall thereupon issue and deliver to the Shareholders Xxxxxx X. Xxxxxx, or to any person or entity designated by Xx. Xxxxxx, a voting trust certificate or certificates for the number of the Shares so deposited which shall be in the form annexed hereto as Exhibit A.by him. (b) Upon exercise of the Warrants, all shares underlying the Warrants shall be subject All stock certificates transferred and delivered to the terms of this Agreement and shall be deposited with the Trustee pursuant to Section 2(a) abovethis Agreement shall be surrendered by the Trustee to the Company and canceled, and new certificates therefor shall be issued to and held by the Trustee in his name as Voting Trustee.