EMKT CONTRIBUTION TO TOP TEAM CAPITAL. Simultaneously with the Closing, EMKT shall contribute $2,000,000 in cash to the capital of Top Team in exchange for (i) 250,000 shares of Top Team Stock, 250,000 shares of Top Team Preferred Stock, having the powers, preferences and rights set forth in Schedule 5.5, and (ii) rights, expiring on the six-month anniversary of the Closing Date, to purchase 3,600,000 shares of Top Team Stock at a purchase price of $7.50 per share.
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Samples: Stock Purchase and Contribution Agreement (Emarketplace Inc), Stock Purchase and Contribution Agreement (Emarketplace Inc), Stock Purchase and Contribution Agreement (Emarketplace Inc)
EMKT CONTRIBUTION TO TOP TEAM CAPITAL. Simultaneously with the Closing, EMKT shall contribute $2,000,000 in cash to the capital of Top Team in exchange for (i) 250,000 shares of Top Team Stock, 250,000 shares of Top Team Preferred Stock, having the powers, preferences and rights set forth in Schedule 5.5, and (iiiii) rights, expiring on the six-month anniversary of the Closing Date, to purchase 3,600,000 shares of Top Team Stock at a purchase price of $7.50 per share.
Appears in 1 contract
Samples: Stock Purchase and Contribution Agreement (Emarketplace Inc)
EMKT CONTRIBUTION TO TOP TEAM CAPITAL. Simultaneously with the Closing, EMKT shall contribute $2,000,000 in cash to the capital of Top Team in exchange for (i) 250,000 shares of Top Team Stock, (ii) 250,000 shares of Top Team Preferred Stock, having the powers, preferences and rights set forth in Schedule 5.5, and (iiiii) rights, expiring on the six-month anniversary of the Closing Date, to purchase 3,600,000 shares of Top Team Stock at a purchase price of $7.50 per share. $1,000,000 of such cash will be available by Top Team to fund the line of credit referred to in Section 6.3(f).
Appears in 1 contract
Samples: Stock Purchase and Contribution Agreement (Emarketplace Inc)