Common use of Adjustment Shares Clause in Contracts

Adjustment Shares. At the Closing, the Company shall deliver to the Escrow Agent two stock certificates, each in the name of the Purchaser, one of which shall be for an aggregate of Four Hundred Thousand (400,000) shares of Common Stock, and the second of which shall be for an aggregate of Two Hundred Fifty Thousand (250,000) shares of Common Stock (collectively, the "Adjustment Shares"). The Adjustment Shares shall be released to the Purchaser under the circumstances described in Section 5.3 of this Agreement and in accordance with the terms and conditions of the Escrow Agreement.

Appears in 4 contracts

Samples: Securities Purchase Agreement (Global Resource CORP), Securities Purchase Agreement (Global Resource CORP), Securities Purchase Agreement (Global Resource CORP)

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