Cancellation of the Shares. Effective as of the date hereof, the Shares are hereby cancelled. The Stockholder hereby irrevocably relinquishes any right or interest that the Stockholder may have had, may have or may acquire in the future with respect to each Share.
Cancellation of the Shares. The Shares shall be cancelled and returned to the treasury effective on the date of this Agreement.
Cancellation of the Shares. As of the Effective Time, all of the Shares issued and outstanding immediately prior to the Effective Time shall no longer be outstanding and shall automatically be canceled and shall cease to exist, and each holder of a certificate which immediately prior to the Effective Time represented any such Shares (a “Certificate”) shall cease to have any rights with respect thereto, except, in the case of Shares that are not Dissenting Shares or that are subject to Section 1.9(c), the right to receive such holder’s portion of the applicable consideration set forth in Section 1.9(a).
Cancellation of the Shares. At the Effective Time all rights of the -------------------------- sole shareholder of Scotland with respect to the outstanding shares of Scotland's common stock shall cease to exist and the shares shall be canceled. No cash or shares or other securities or obligations will be distributed upon cancellation of the shares.
Cancellation of the Shares. To facilitate the transaction, and for no additional consideration, the Preferred Shareholders hereby return 600,000 of the shares of Series A Preferred Stock set forth opposite their respective names on Exhibit A hereto (the "Shares") to the Corporation, which such Shares shall be cancelled and returned to the status of authorized but unissued and undesignated shares of Continental's preferred stock. If the shares are held in certificate form, immediately following the execution of this Agreement by all parties, each Preferred Shareholder shall deliver the original certificate representing the Shares so tendered to Continental, together with such additional documents as Continental may reasonably request in order to facilitate the cancellation of such Shares.]
Cancellation of the Shares. 3. The Company shall forthwith retire the Surrendered Shares pursuant to §78.283 of Chapter 78 of the Nevada Revised Statutes.
Cancellation of the Shares. The Shares shall be cancelled as determined by the Company in its sole discretion.
Cancellation of the Shares. Arrin hereby cancels the Shares and the Stockholder acknowledges and agrees with this cancellation.
Cancellation of the Shares. As of the Effexxxxx Xxxx, Dr. Mitchell tenders to the Company any and all of his right, title, xxx xxxxxxxx in and to the Shares, constituting 5,875,000 (pre-split) shares of common stock of the Company, in respect of which Shares Dr. Mitchell represents and warrants to the Company that he is the soxx xxxxxx xxd beneficial owner thereof. As of the Effective Date, the Company cancels each and every Share, such that none of the Shares shall be then issued and outstanding and all of the Shares shall be returned to the authorized and unissued capital of the Company.
