EXCHANGE OF SHARES FOR VOTING TRUST CERTIFICATES. Simultaneously with the execution of this Agreement, the Stockholders shall deliver to the Trustee properly endorsed certificates for the number of shares of the Corporation's stock shown opposite his respective name below (the "Shares"). The Trustee shall hold the shares transferred to it in trust, subject to the terms of this Agreement. The Stockholders shall have no right to withdraw their shares prior to termination of this Agreement as hereinafter provided. The Trustee shall cause such shares to be transferred to it on the Corporation's books and records. The Trustee shall thereupon issue and deliver to each of the Stockholders Voting Trust Certificates, in the form shown in Exhibit A to this Agreement, for the number of shares so transferred, subject to satisfying any applicable qualification requirements under Nevada Law.
EXCHANGE OF SHARES FOR VOTING TRUST CERTIFICATES. 1.1. Simultaneously with the execution of this Agreement, the Beneficiaries shall deliver to the Trustees duly endorsed for transfer, or accompanied by duly executed instruments of transfer, all shares of the Class A Common Stock of the Company which that Beneficiary now owns or becomes the owner of in the future. Promptly upon receipt of such shares, the Trustees shall cause such shares to be registered in the name of the Trustees, and shall file a duplicate copy of this Agreement with the Secretary of the Company.
EXCHANGE OF SHARES FOR VOTING TRUST CERTIFICATES. Simultaneously with the execution of this Agreement, but subject to the restrictions on transfer of the common stock, par value $.10 per share, (the "Common Stock") of the Company by law, rule, regulations, judicial interpretation or other official governmental interpretation, the Shareholder shall assign and deliver, for deposit with the Trustee, share certificates for all of the shares of Common Stock held or owned by the Shareholder (which number is One Thousand Shares (1000)), and immediately upon receipt by Shareholder, Shareholder shall assign and deliver, for deposit with Trustee, share certificates for all shares of Common Stock that are subsequently held or owned by Shareholder. All of these share certificates shall be endorsed in blank and shall be accompanied by instruments of transfer that will enable Trustee to cause the shares to be transferred in the name of Trustee. Trustee will cause such shares of Common Stock to be transferred to the Trustee, on the books of the Company, and will issue and deliver to the Shareholder Voting Trust Certificates for the number of shares of Common Stock transferred to the Trustee.
EXCHANGE OF SHARES FOR VOTING TRUST CERTIFICATES. Simultaneously with the execution of this Agreement, the Shareholder will assign and deliver 3,500,000 shares of stock in the Corporation to the Trustee. The Trustee will cause the shares to be transferred to it on the books of the Corporation and will issue and deliver to the Shareholder Voting Trust Certificates for the number of shares transferred to the Trustee.
EXCHANGE OF SHARES FOR VOTING TRUST CERTIFICATES a. Simultaneously with execution of this Agreement, the Shareholders shall deliver to the Trustees properly endorsed certificates for the number of common shares of the Corporation shown opposite their respective names below (hereinafter referred to as the "Shares"). The Trustees shall hold the Shares transferred to them in trust, subject to the terms of this Agreement. The Shareholders shall have no right to withdraw their Shares prior to termination of this Agreement as hereinafter provided. b. The Trustees shall cause the Shares to be transferred to them on the Corporation's books and records and shall issue and deliver to each of the Shareholders a voting trust certificate, in the form shown in Exhibit A to this Agreement, for the number of shares transferred to the Trustees.
EXCHANGE OF SHARES FOR VOTING TRUST CERTIFICATES a. Simultaneously with execution of this Agreement, the Shareholders shall deliver to the Trustee properly endorsed certificates for the number of common shares of the Corporation shown opposite their respective names below (hereinafter referred to as the "Shares"). The Trustee shall hold the Shares transferred to him in trust, subject to the terms of this Agreement. The Shareholders shall have no right to withdraw their Shares prior to termination of this Agreement as hereinafter provided.
EXCHANGE OF SHARES FOR VOTING TRUST CERTIFICATES. Simultaneously with the execution of this Agreement, the undersigned parties, hereafter called Certificate Holders, will exchange, assign and deliver the number of shares of stock in the Company, authorized to be issued to them and listed opposite their names, to the Trustee, who will issue and delivery to each of the parties voting Trust Certificates for the number of shares of the Company transferred to the Trustee.
EXCHANGE OF SHARES FOR VOTING TRUST CERTIFICATES. Simultaneously with the execution of this Agreement, the Shareholder shall deliver to the Trustee properly endorsed certificates for the number of shares of common stock of the Company shown opposite his name below (the "Shares"). The Trustee shall cause the Shares to be transferred to him on the Company's books and shall issue and deliver to the Shareholder a voting trust certificate, in the form of Exhibit A to this Agreement, for the number of Shares transferred to the Trustee. The Trustee shall hold the Shares transferred to him in trust, subject to the terms of this Agreement.
EXCHANGE OF SHARES FOR VOTING TRUST CERTIFICATES. Simultaneously with the execution of this Agreement, the Shareholder shall deliver to the Trustee a properly endorsed certificate for the number of Shares of the Company common stock as specified herein. The Trustee shall hold the Shares transferred to him in trust, subject to the terms of this Agreement. The Shareholder shall have no right to withdraw the Shares prior to the termination of this Agreement as hereinafter provided. The Trustee shall cause the Shares to be transferred to him on the Company’s books and records, provided that such books and records shall reflect that the shares are held as Trustee, subject to this Agreement. The Trustee shall thereupon issue and deliver to the Shareholder a Voting Trust Certificate (the “Certificate”), substantially in the form of Exhibit “A” attached to this Agreement, for the Shares so transferred, subject to satisfying any applicable qualification requirements under the California Corporate Securities Law. Upon issuance of the Certificate, Voting Trust Certificate No. 1, for 875,000 shares, shall be deemed null and void, and of no force or effect, and a notation to that effect shall be made thereon.
EXCHANGE OF SHARES FOR VOTING TRUST CERTIFICATES
