Examples of IPA BVI in a sentence
Shareholder owns, beneficially and of record, good and marketable title to all the issued and outstanding equity interests of each of IPA BVI and IPA China, free and clear of all security interests, liens, adverse claims, encumbrances, equities, proxies, options or shareholders’ agreements.
Shareholder shall have transferred his entire equity interest in IPA China to IPA BVI.
During the 75 day period after the First Closing, Acquirer shall engage an independent auditor acceptable to Shareholder to perform an audit of the financial records of IPA BVI and IPA China in accordance with SEC rules.
Each of the representations and warranties contained in Sections 3 and 4 shall be true and correct on and as of the Second Closing Date and, to the extent not true or correct, represent a reduction in the value of IPA China, IPA BVI or the Grass Assignment for which Shareholder has declined to promptly reimburse Acquirer.
Parent, Acquirer and Shareholder acknowledge that the Shareholder will deliver the remaining 30% equity interest of IPA BVI to Acquirer, such that Acquirer shall receive all equity securities of IPA BVI, on or about January 15, 2010, regardless of whether the Second Closing occurs.
Xxxxxxx Xxxx will be the initial Chief Financial Officer and Secretary of IPA BVI and IPA China, effective as of the Second Closing.
Xxxx Xxxxxxxx will be the Chief Executive Officer of Acquirer upon the First Closing, and of IPA BVI and IPA China upon the Second Closing; Xxxxxxx Xxxx will be the Chief Financial Officer, Treasurer and Secretary of Acquirer upon the First Closing, and of IPA BVI and IPA China upon the Second Closing.
Shareholder is the holder of all issued and outstanding capital stock of Inter-Pacific Arts Corp., a British Virgin Islands international business company (“IPA BVI”), and the entire equity interest of Guangzhou Inter-Pacific Arts Corp., a Chinese wholly owned foreign enterprise registered in Guangdong province (“IPA China” and together with IPA BVI, “Target”).
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To Shareholder’s knowledge, no union organizing activities are currently taking place concerning the employees of IPA BVI.