Examples of Management Subscription Agreement in a sentence
The Company shall have entered into Restricted Stock Agreements with those individuals that have purchased shares of the Company’s Class A Common Stock and the Management Subscription Agreement with those individuals that have purchased shares of the Company’s Series A Convertible Preferred Stock.
The Company’s capitalization as it will exist immediately after the Initial Closing (assuming the purchase by the Investors of all of the Series A Shares and the purchase by the investors of the shares of Series A Convertible Preferred Stock being purchased by them under the Management Subscription Agreement) is attached hereto as Schedule 4.3(a).
The completion (the “Completion”) of transactions contemplated under the Placing Agreement, the Management Subscription Agreement, the STIC Amendment Deed and the Investment Agreement (the “Transactions”) took place on 28 August 2013 in accordance with the terms and conditions therein.
Immediately after the Initial Closing (assuming the purchase by the Investors of all of the Initial Series A Shares and the consummation of the transactions contemplated by the Management Subscription Agreement at the initial closing thereunder), there will be 2,100,000 shares of Series A Convertible Preferred Stock, 0 shares of Common Stock and 3,616,660 shares of Class A Common Stock issued and outstanding.
On 28 August 2013, 51,866,667 new Management Subscription Shares were allotted and issued to Xx. Xxxx Xxxx-xxx, Xx. Xxxxx’x spouse, at the Management Subscription Price of HK$0.30 pursuant to the terms of the Management Subscription Agreement.