Examples of Vendors Shares in a sentence
Such agreements would prohibit the relevant Shares being transferred, assigned or otherwise disposed of during the relevant escrow period.It is anticipated, and subject to direction of ASX that 23,100,000 of the Seed , Founders and Vendors Shares will be escrowed for varying periods from 12 months to 24 months commencing as and from Korab being admitted to the Official List of ASX.
Based upon the representations, warranties and covenants of the parties herein contained and subject to the conditions herein contained, the Purchaser hereby purchases and the Vendor hereby transfers, assigns and sells, or will cause such transfer, assignment and sale, to the Purchaser on the Closing Date, all rights, titles and interests in and to the Vendor's Shares free and clear of all liens, charges and encumbrances.
In consideration of the purchase and sale herein contemplated and in complete satisfaction of the purchase price for the Vendor's Shares, the Purchaser hereby agrees to issue to the Vendor and the other shareholders of the Company, a total of 34,500,000 common shares without par value in the capital of the Purchaser (the "Payment Shares") as follows: Name of Vendor No. of Common Shares -------------- -------------------- Platinum Capital Management Inc.
The Vendors will take all necessary corporate steps and corporate proceedings to permit good and marketable title to the Vendors' Shares to be duly and validly transferred and assigned to the Purchaser at the Closing, free of all Liens.
The 1st Vendor owns beneficially and of record the 1st Vendor's Shares, the 2nd Vendor owns beneficially and of record the 2nd Vendor's Shares, the 3rd Vendor owns beneficially and of record the 3rd Vendor's Shares, the 4th Vendor owns beneficially and of record the 4th Vendor's Shares and the 5th Vendor owns beneficially and of record the 5th Vendor's Shares, free and clear of any Encumbrances, Taxes, options, warrants, purchase rights, contracts, commitments, equities, claims, and demands.