Examples of Stock Exchange Agreement in a sentence
Under the terms of the Stock Exchange Agreement, the Company agreed to acquire a 100% interest in IEGC for 272,447,137 shares of the Company’s’ common stock after giving effect to a 1 for 6 reverse stock split.
On March 13, 2013 the Company completed the acquisition of IEGC under the terms of the Stock Exchange Agreement and issued to IEG 272,447,137 shares of the Company’s common stock after giving effect to the Reverse Stock Split whereby the Company acquired a 100% interest in IEGC.
This Stock Exchange Agreement shall have been approved by all necessary corporate action.
Capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Letter Agreement, and the term SMYD Common Stock is now referred to as Company Common Stock to reflect the closing of the stock exchange as set forth in the Stock Exchange Agreement.
This writing constitutes the entire agreement of the parties with respect to the subject matter hereof, superseding all prior agreements, understandings, representations and warranties, except for the Stock Exchange Agreement among certain of the parties.