Common use of GBT Initial Subscription Clause in Contracts

GBT Initial Subscription. On the Closing Date, GBT shall subscribe for 10,000 shares of Common Stock, representing a one-half (50%) Company Interest GBT’s consideration for the Company’s shares (50% of Company) shall be issuance to the benefit of the JV Establishment 10,000,000 common shares of GBT and additional consideration for the Company’s shares shall be the financing provided by GBT to Company as follows: GBT will fund Company with all funds reasonably needed for implementation of the Business purposes as described in Section 2 of this Agreement entitled “Purpose of Joint Venture.”.

GBT Initial Subscription. On the Closing Date, GBT shall subscribe for 10,000 shares of Common Stock, representing a one-half (50%) Company Interest GBT’s consideration for the Company’s shares (50% of Company) shall be issuance to the benefit of the JV Establishment 10,000,000 100,000,000 common shares of GBT and additional consideration for the Company’s shares shall be the financing provided by GBT to Company as follows: GBT will fund Company with all funds reasonably needed for implementation of the Business purposes as described in Section 2 of this Agreement entitled “Purpose of Joint Venture.”.