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, 2019, the Company issued 49,392 Class A common shares with a value of$18,790 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, 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.
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.
FDN alleges that Coaster breached the Referral Provision of the 2010 Agreement26 which states: “COASTER understands and agrees that the license fee set forth in this Agreement is discounted significantly in exchange for COASTER facilitating new business for FURNITUREDEALER.NET.
The Directors intend to build a portfolio of good quality companies within the Target Sectors which no longer fit the larger resource and commodity funds’ investment mandates by entering into Share Exchange Agreements providing the Company with a portfolio of new investments to rationalise and pro-actively manage.
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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.....................................................................