Examples of MVMD Shares in a sentence
As of the Closing Date, the MVMD Shares will be deemed to be valued by the Purchaser, acting reasonably, at Two Million Two Hundred Thousand Dollars ($2,200,000) and which price per common share shall equal $0.20 per share.
The MVMD Shares will be issued free and clear of all Encumbrances, however subject to applicable resale restrictions pursuant to applicable securities laws in the jurisdictions of the Vendors and the Purchaser.
The amount added to the stated capital of Meadow Bay in respect of Meadow Bay Shares issuable pursuant to Section 2.6 shall be equal to the stated capital, determined immediately before the Effective Time, of the MVMD Shares and the Amalco Shares issued pursuant to Section 2.6.
Notwithstanding the foregoing, it is agreed and understood that MVMD may have granted and may grant at any time in its sole discretion certain rights to third parties, consultants and/or other service providers in relation to the MVMD Business, such that any such third parties may become entitled to acquire securities of MVMD (including MVMD Shares).
All securities of MVMD (including the MVMD Shares) have been issued in compliance with all Applicable Laws and Securities Laws.
Following the Amalgamation, Meadow Bay shall issue or cause to be issued certificates representing the number of Meadow Bay Shares to which former holders of MVMD Shares (other than Dissenting MVMD Shareholders) are entitled, upon such former holder depositing the former holder’s certificate formerly representing the MVMD Shares with the Registrar and Transfer Agent or an affidavit regarding any lost, stolen or destroyed certificate.
Treatment of MVMD Warrants and MVMD Options At Closing, Meadow Bay will expressly assume the provisions of each of the outstanding MVMD Warrants and MVMD Options, and holders of MVMD Warrants or MVMD Options, as applicable, shall be entitled to receive Resulting Issuer Shares in lieu of MVMD Shares upon the exercise of the MVMD Warrants or MVMD Options, as applicable.
There are no outstanding bonds, debentures or other evidences of indebtedness of MVMD having the right to vote with the holders of the outstanding MVMD Shares on any matters.
All outstanding MVMD Shares have been duly authorized and validly issued, are fully paid and non-assessable.
THE AMALGAMATION AGREEMENT On June 27, 2019, Meadow Bay, MVMD and 2700915 entered into the Amalgamation Agreement, pursuant to which and subject to the terms and conditions therein, MVMD and 2700915 would amalgamate and Meadow Bay would thereby acquire all of the issued and outstanding MVMD Shares.