Unissued Shares. Each authorized but unissued share of Company Capital Stock shall cease to exist without payment of any consideration therefor.
Unissued Shares. 5. Any unissued shares of the Vendor will not be exchanged for shares of the Purchaser and will be cancelled on the Effective Date. SCHEDULE “C” EMPLOYMENT MATTERS The Purchaser and the Vendor acknowledge and agree that the employees of the Vendor are a key component of the transactions as contemplated herein and the parties agree as follows:
Unissued Shares. On the Closing Date, after issuance of the Internet Media common stock to the U-Vend Security Holders, there would be a total of 760,342,721 shares of Internet Media common stock outstanding. However, on the Closing Date, Internet Media will only have 600,000,000 shares of its common stock authorized for issuance. Accordingly, Internet Media will be unable to issue 466,666,667 shares of its common stock (the "Unissued Shares") to the U-Vend Security Holders. In order to allow for the subsequent issuance of the Unissued Shares to the U-Vend Security Holders, Internet Media shall, within 90 days after the Closing Date, either reverse split its common stock or increase its authorized shares of common stock, such that there will be sufficient shares of its common stock authorized for issuance in order to satisfy the issuance of the Unissued Shares. At such time as there are sufficient authorized shares for issuance to the U-Vend Security Holders, Internet Media shall issue the Unissued Shares within 10 business days of such increase in its authorized shares.
Unissued Shares. The unissued shares of common stock to be issued and sold by the Company upon settlement of the Purchase Contracts have been duly authorized and reserved for issuance and, when issued and delivered in accordance with the provisions of the Purchase Contracts, will be duly and validly issued, fully paid and non-assessable and will conform in all material respects to the description thereof contained in the Prospectus.
Unissued Shares. 10 4.5 Termination.............................................................................................. 10 4.5.1 Coordination with Subscription Agreement....................................................... 10 4.5.2 Termination of Subscription Agreement.......................................................... 10 Page ---- ARTICLE 5 Covenants.................................................................................................... 10
Unissued Shares. 18.1 The unissued shares of each of the Amalgamating Companies will not be exchanged for Amalco Shares and will be cancelled.
Unissued Shares. All authorized but unissued shares shall be issued or issuable as determined by the Board.
Unissued Shares. All right of DMX to the Unissued Shares --------------- shall have been extinguished.
Unissued Shares. At the Effective Time, each authorized but unissued share of Common Stock or Preferred Stock immediately prior to the Effective Time shall be canceled and retired and shall cease to exist without any conversion thereof, and no consideration shall be delivered in exchange therefor.
Unissued Shares. Each authorized but unissued share of Company Preferred Stock and Company Common Stock shall cease to exist.
