Examples of ITI Shareholders in a sentence
This Agreement shall be submitted to the ITI Shareholders for their approval at a meeting to be held as soon as practicable after all disclosure filings and other legal procedures required to be done, held, performed or accomplished prior thereto have been properly and lawfully done, held, performed or accomplished.
In exchange for the transfer of such securities by the ITI Shareholders, Sterling shall issue to the ITI Shareholders an aggregate of 28,335,061 shares of common stock of Sterling (the "Common Exchange Shares").
Subject to the approval of the Court in accordance with the CBCA, at the ITI Shareholders Meeting the affirmative vote of two-thirds of the votes actually cast by all ITI shareholders present is required to approve this Agreement, the Arrangement and the consummation of the transactions contemplated hereby.
The board of directors of ITI has authorized the execution and delivery of this Agreement by ITI and has approved this Agreement and the transactions contemplated hereby, and will recommend to the ITI Shareholders that the Exchange be accepted by them.
Bridgestone acknowledges that Xxxxxx Xxxxxx has been engaged by ITI as a finder in connection with this transaction, and ITI and the ITI Shareholders shall indemnify Bridgestone against any claims that may arise in connection therewith.
As a result, Mr. Yue Yong, Mr. Liang Judong and Professor Lam Kin Man were reappointed on 19 June 2020.
The actual number of Preferred Exchange Shares to be issued to the ITI Shareholders shall be determined by multiplying (i) 28,335 by (ii) the quotient derived by dividing (x) the ITI Appraised Value (as defined in Section 4.12) minus the Sterling Appraised Value (as defined in Section 4.12), by (y) the Sterling Appraised Value; provided that the total Preferred Exchange Shares shall in no event exceed 28,335.
Exhibit A-2 -- Names and Anticipated Respective Shareholdings in ITI of the Individuals and Entities that are to be ITI Shareholders immediately prior to Closing.
Of the 522 responses received, 445 focused solely on accounting for digital assets.
Upon consummation of the transaction contemplated herein, assuming participation by all of the ITI Shareholders, all of the shares of common stock of ITI shall be held by Sterling and the ITI Shareholders shall hold fifty percent of the common stock of Sterling immediately following the Exchange.