Common Capital Stock definition
Examples of Common Capital Stock in a sentence
FOR VALUE RECEIVED, , an individual, hereby irrevocably assigns and conveys to , ( ) shares of the Common Capital Stock of Helmerich & ▇▇▇▇▇, Inc., a Delaware corporation, $.10 par value.
Each certificate representing shares of the Company's Common Capital Stock will bear a customary restrictive legend which states in effect that such shares have not been registered under the Securities Act of 1933 and consequently may not be transferred, assigned, sold or hypothecated unless registered under the Securities Act of 1933 or, in the opinion of Company's counsel, an exemption from the registration requirements of the Securities Act of 1933 is available for such transaction.
Each ___________ share of Three Strikes' common stock that shall be outstanding on the Closing Date and held by a Three Strikes shareholder shall be converted into _____________ fully paid and nonassessable shares of the Company's Common Capital Stock; provided, however, that the number of shares of the Company's Common Capital Stock into which shares of Three Strikes' common stock are to converted shall be rounded off to the nearest whole number of shares, and no fractional shares shall be issued.
The Three Strikes' shareholders shall, in consideration for their receipt of the shares of the Company's Common Capital Stock, transfer and deliver to the Company certificates representing all of the issued and outstanding shares of Three Strikes' common stock owned by them.
All issued and outstanding shares have been duly authorized, validly issued and fully paid and nonassessable and all shares of Company's Common Capital Stock to be issued and delivered on the Closing Date to the Three Strikes ' shareholders pursuant to the Agreement will be, when so delivered, duly authorized and validly issued and outstanding, fully paid and non-assessable, free and clear of any lien, charge, claim or encumbrance whatsoever and subject to no preemptive rights of any Shareholder.
The Company's Common Capital Stock, when issued and delivered hereunder, shall not be registered under the Securities Act of 1933, as amended, nor shall the Three Strikes' shareholders be granted any registration rights as to such shares.
On the Closing Date, the Three Strikes' shareholders who have exchanged their shares of Three Strikes' common stock for shares of the Company's Common Capital Stock shall thereupon cease to have any rights with respect to their Three Strikes' shares and their sole right thereafter shall be with respect to the shares of the Company's Common Capital Stock received hereunder.
Will issue ratably and cause to be delivered to the Three Strikes' shareholders certificates or rights representing 100,000,000 pre-split shares or its equivalent post reverse split shares of the Company's Common Capital Stock, in consideration for the transfer to the Company by the Three Strikes' shareholders of all the common shares of the capital stock of Three Strikes issued and outstanding as of the Closing Date.
Stock certificates representing an aggregate of 20,000,000 post split shares of Company's Common Capital Stock (or approximately 56,000,000 pre-split common shares with rights as provided in section 1.3(b)) to which each Three Strikes shareholder shall be entitled to receive pursuant to this Agreement, as set forth as an Exhibit and attached hereto, with each certificate bearing the restrictive legend described in Section 1.4 above.
The Company will take all actions as may be necessary, proper and advisable, under Federal and state securities laws in connect with the offering and issuance of the Common Capital Stock to the Three Strikes' shareholders in connection with the Reorganization provided for under this Agreement and as required to complete the transaction as contemplated.