Examples of Base Share Consideration in a sentence
As of the Effective Time, by virtue of the Merger and without any action on the part of any holder thereof, 1,250 shares of ACS Common Stock issued and outstanding immediately prior to the Effective Time shall be converted into 1,800,000 restricted shares (the "Base Share Consideration") of the common stock, par value $.0001 per share, of Topro ("Topro Common Stock").
Upon the issuance of the shares of the Purchaser's Common Stock comprising the Base Share Consideration and the Additional Consideration pursuant to and in accordance with the terms of this Agreement, such shares will be validly issued, fully paid, non-assessable and free of any preemptive rights.
Upon issuance, the Base Share Consideration will be duly authorized and validly issued, fully paid and non-assessable and will not have been issued in violation of applicable Law (it being understood that no representation or warranty is made by Parent or Purchaser with respect to any Federal Marijuana Law) or any preemptive right, right of first refusal or similar right of any Person to subscribe for or purchase securities of the Parent.
Each Selling Shareholder understands that its investment in the Base Share Consideration involves a significant degree of risk, including a risk of total loss of each Selling Shareholder’s investment, and each Selling Shareholder has full cognizance of and understands all of the risk factors related to each Selling Shareholder’s acquisition of the Base Share Consideration.