Examples of Settlement Deed in a sentence
Pursuant to the Settlement Deed, the Company would issue 80,000,000 ordinary shares of the Company at HK$0.10 per share (the “Shares”) for the settlement of HK$8,000,000 as partial settlement of Mr. Guo’s debt of approximately HK$17,600,000 as at 29 April 2019.
The Settlement Deed contains a buy-back clause for the Shares by the Company should the quoted market price of the Company’s shares fail to reach at least HK$0.10 per share within one year from the date of issue of the Shares.
AND WHEREAS as per terms and condition of the aforesaid Settlement Deed Being no.
The provisions of clauses 15 (Confidentiality), 16 (Announcements), 17 (Successors), 18 (Assignment), 19 (Notices), 21 (Variation and Waiver), 22 (Counterparts), 23 (Whole Agreement) and 24 (Invalidity) of the Global Settlement Deed are incorporated into this Agreement mutatis mutandis with references to “this Deed” therein to being deemed to be a reference to this Agreement.
The Parties are in agreement that that decision concerned the enforceability of the Settlement Deed Award (see paragraph 130 above) and the validity of the Settlement Deed, not the Accommodation Agreement.