Common use of Stock Dividend Clause in Contracts

Stock Dividend. As soon as practicable following the Closing, Pubco shall declare a stock dividend of 10.036789 shares for each outstanding share of Common Stock (the “Dividend”), such that following consummation of the Dividend, each stockholder shall hold 11.036789 shares of Common Stock for each one share of stock held prior to the Dividend and the adjusted Purchase Price for one share of Common Stock shall be $.60.

Appears in 1 contract

Samples: Securities Purchase Agreement (Southridge Technology Group, Inc.)

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Stock Dividend. As soon as practicable following the Closing, Pubco shall declare a stock dividend of 10.036789 shares for each outstanding share of Common Stock (the “Dividend”), such that following consummation of the Dividend, the adjusted exercise price of each stockholder Warrant shall hold 11.036789 be $0.60 or $0.85 per share, as indicated on Exhibit A, and the adjusted number of shares of Common Stock for each one share of stock held prior issuable pursuant to the Dividend and the adjusted Purchase Price for one share of Common Stock Warrants shall be $.60.2,500,000 and 1,250,000 as indicated on Exhibit A.

Appears in 1 contract

Samples: Stock Purchase Agreement (Southridge Technology Group, Inc.)

Stock Dividend. As soon as practicable following the Closing, Pubco shall declare a stock dividend of 10.036789 shares for each outstanding share of Common Stock (the “Dividend”), such that following consummation of the Dividend, each stockholder the adjusted exercise price of the Warrant shall hold 11.036789 be $0.60 per share and the adjusted number of shares of Common Stock for each one share of stock held prior issuable pursuant to the Dividend and the adjusted Purchase Price for one share of Common Stock Warrant shall be $.60379,963 shares.

Appears in 1 contract

Samples: Stock Purchase Agreement (Southridge Technology Group, Inc.)

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Stock Dividend. As soon as practicable following the Closing, Pubco shall declare a stock dividend of 10.036789 shares for each outstanding share of Common Stock (the “Dividend”), such that following consummation of the Dividend, each stockholder shall hold 11.036789 shares of Common Stock for each one share of stock held prior to the Dividend and the adjusted Purchase Price for one share of Common Stock shall be $.60, the adjusted exercise price of each Warrant shall be $0.85 per share and the adjusted number of shares of Common Stock issuable pursuant to a whole Warrant shall be one share.

Appears in 1 contract

Samples: Stock Purchase Agreement (Southridge Technology Group, Inc.)

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