Examples of Share Exchange Agreements in a sentence
Share Swap In October 1999, the Board of Directors of the Company approved the Share Exchange Agreements (Agreements) with the shareholders of AB Leisure Exponent, Inc.
During the year ended December 31, 2020, the Company issued 318,400 Class A common shares with a value of $109,848 related to the squeeze-out transaction and 7,000 Class A common shares with a value of $2,415 related to the Post-RTO Share Exchange Agreements.
Prior to closing of the Share Exchange Agreements, TraqIQ had a total of 824,250 shares of common stock issued and outstanding.
During the year ended December 31, 2019, the Company issued 49,392 Class A common shares with a value of$18,790 related to the Post-RTO Share Exchange Agreements.
As a result of the closing of the Share Exchange Agreements, TraqIQ now has a total of 27,297,960 shares of its common stock issued and outstanding, of which 824,250 shares, or approximately 12.08%, are owned by the previous existing shareholders of TraqIQ, with the balance of 3,000,000 shares, or approximately 43.96%, owned by the previous shareholders of OminiM2M and 3,000,000 shares, or approximately 43.96%, owned by the previous shareholders of Ci2i Services.
Within ninety (90) days of the execution of this Agreement, and upon the execution of certain Share Exchange Agreements between the Seller and a third party operating company (the “Second Phase Closing” and the “Second Phase Closing Date”), Buyer agrees to acquire, and Seller agrees to convey, transfer and deliver to Buyer, all of the assets related to the Business, or used directly in connection with the Business, including cash, accounts receivable and accounts payable (the “Transferred Assets”).
At Closing, not less than eighty percent (80%) of the combined voting power of the issued and outstanding shares of Ikona Common Stock shall have been delivered for exchange pursuant to Section 2 of this Agreement and Ikona shareholders shall have executed and delivered to Oban Share Exchange Agreements substantially in the form of Exhibit 2.1 hereto assigning to Oban their Ikona Common Stock.
Subject to the terms and conditions of this Agreement, on the Closing Date (as hereinafter defined), the Shareholders shall execute and deliver to Oban and Ikona, and Oban and Ikona shall accept from Shareholders and execute Share Exchange Agreements and Questionnaries substantially in the form of Exhibit 2.1 hereto (the "Exchange Agreements").
Section 1.2(b) Share Exchange Agreements.....................................................................
Future minimum rent payments are as follows:2018 23,916 2019 23,916 2020 23,916 2021 23,916 2022 and onwards 59,790 155,454 8.SUBSEQUENT EVENTS The Company’s management has evaluated subsequent events up to September 12, 2018, the date the financial statements were issued, pursuant to the requirements of ASC Topic 855 and has determined the following significant subsequent events to report:On February 9, 2018, shareholders of the Company entered into Share Exchange Agreements with Visava Inc.