Interim Closing. On or before November 6, 1998 HVI shall deliver to the Company $1,000,000, in immediately available funds and in exchange receive a certificate representing 333,333 Shares of the Common Stock therefore (the "Interim Closing"). The performance by HVI of its obligations under this Section 2.2 is a condition precedent to all further obligations of the Company under this Agreement.
Appears in 2 contracts
Sources: Common Stock Purchase Agreement (Horizontal Ventures Inc), Common Stock Purchase Agreement (Horizontal Ventures Inc)