Common use of Obligations to Issue Clause in Contracts

Obligations to Issue. Pursuant to a share exchange agreement (the "Share Exchange Agreement") between the Company and Highland Shareholders dated November 5, 2004, the Company hereby acknowledges its obligation to issue to ___ Wang Lan Mei ___and/or his nomineex (xoxxxxxx the "Holder") ___3,760,000_shares in the common stock of the Company (the "Obligations") and, accordingly, promises by way of this Debenture to perform and complete the Obligations, upon completion of amendment of the Company's authorized share capital and pursuant to terms and conditions of this Debenture. The Holder acknowledges and agrees that, in the event the Company resolves to consolidate its authorized share capital, the Holder shall be issued such number of shares upon completion of such consolidation, on the basis of the Obligations and the consolidation ratio.

Appears in 1 contract

Samples: China Nettv Holdings Inc

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Obligations to Issue. Pursuant to a share exchange agreement (the "Share Exchange Agreement") between the Company and Highland Shareholders dated November 5, 2004, the Company hereby acknowledges its obligation to issue to ___ Wang Lan Mei Ma Xiao Jun ___and/or his nomineex nominees (xoxxxxxx xxxxther the "Holder") ___3,760,000_shares 3,525,000__shares in the common stock of the Company (the "Obligations") and, accordingly, promises by way of this Debenture to perform and complete the Obligations, upon completion of amendment of the Company's authorized share capital and pursuant to terms and conditions of this Debenture. The Holder acknowledges and agrees that, in the event the Company resolves to consolidate its authorized share capital, the Holder shall be issued such number of shares upon completion of such consolidation, on the basis of the Obligations and the consolidation ratio.

Appears in 1 contract

Samples: China Nettv Holdings Inc

Obligations to Issue. Pursuant to a share exchange agreement (the "Share Exchange Agreement") between the Company and Highland Shareholders dated November 5, 2004, the Company hereby acknowledges its obligation to issue to ___ Wang Lan Mei _Zhi __and/or his nomineex nominees (xoxxxxxx txxxxxxx the "Holder") ___3,760,000_shares 9,400,000 shares in the common stock of the Company (the "Obligations") and, accordingly, promises by way of this Debenture to perform and complete the Obligations, upon completion of amendment of the Company's authorized share capital and pursuant to terms and conditions of this Debenture. The Holder acknowledges and agrees that, in the event the Company resolves to consolidate its authorized share capital, the Holder shall be issued such number of shares upon completion of such consolidation, on the basis of the Obligations and the consolidation ratio.

Appears in 1 contract

Samples: China Nettv Holdings Inc

Obligations to Issue. Pursuant to a share exchange agreement (the "Share Exchange Agreement") between the Company and Highland Shareholders dated November 5, 2004, the Company hereby acknowledges its obligation to issue to ___ Wang Lan Mei _Zhu Guang Min __and/or his nomineex (xoxxxxxx xxxxxxer the "Holder") ___3,760,000_shares 4,230,000_shares in the common stock of the Company (the "Obligations") and, accordingly, promises by way of this Debenture to perform and complete the Obligations, upon completion of amendment of the Company's authorized share capital and pursuant to terms and conditions of this Debenture. The Holder acknowledges and agrees that, in the event the Company resolves to consolidate its authorized share capital, the Holder shall be issued such number of shares upon completion of such consolidation, on the basis of the Obligations and the consolidation ratio.

Appears in 1 contract

Samples: China Nettv Holdings Inc

Obligations to Issue. Pursuant to a share exchange agreement (the "Share Exchange Agreement") between the Company and Highland Shareholders dated November 5, 2004, the Company hereby acknowledges its obligation to issue to ___ Wang Lan Mei _Ibrahim Abdullah __and/or his nomineex xxx xxxxxxxx (xoxxxxxx together the "Holder") ___3,760,000_shares 4,700,000__shares in the common stock of the Company (the "Obligations") and, accordingly, promises by way of this Debenture to perform and complete the Obligations, upon completion of amendment of the Company's authorized share capital and pursuant to terms and conditions of this Debenture. The Holder acknowledges and agrees that, in the event the Company resolves to consolidate its authorized share capital, the Holder shall be issued such number of shares upon completion of such consolidation, on the basis of the Obligations and the consolidation ratio.

Appears in 1 contract

Samples: China Nettv Holdings Inc

Obligations to Issue. Pursuant to a share exchange agreement (the "Share Exchange Agreement") between the Company and Highland Shareholders dated November 5, 2004, the Company hereby acknowledges its obligation to issue to ___ Wang Lan Mei Yang Yan ___and/or his nomineex nominees (xoxxxxxx txxxxxxx the "Holder") ___3,760,000_shares 5,640,000___shares in the common stock of the Company (the "Obligations") and, accordingly, promises by way of this Debenture to perform and complete the Obligations, upon completion of amendment of the Company's authorized share capital and pursuant to terms and conditions of this Debenture. The Holder acknowledges and agrees that, in the event the Company resolves to consolidate its authorized share capital, the Holder shall be issued such number of shares upon completion of such consolidation, on the basis of the Obligations and the consolidation ratio.

Appears in 1 contract

Samples: China Nettv Holdings Inc

Obligations to Issue. Pursuant to a share exchange agreement (the "Share Exchange Agreement") between the Company and Highland Shareholders dated November 5, 2004, the Company hereby acknowledges its obligation to issue to __ Yi Ting Bin __ Wang Lan Mei ____and/or his nomineex nominexx (xoxxxxxx xxgether the "Holder") ___3,760,000_shares 235,000__shares in the common stock of the Company (the "Obligations") and, accordingly, promises by way of this Debenture to perform and complete the Obligations, upon completion of amendment of the Company's authorized share capital and pursuant to terms and conditions of this Debenture. The Holder acknowledges and agrees that, in the event the Company resolves to consolidate its authorized share capital, the Holder shall be issued such number of shares upon completion of such consolidation, on the basis of the Obligations and the consolidation ratio.

Appears in 1 contract

Samples: China Nettv Holdings Inc

Obligations to Issue. Pursuant to a share exchange agreement (the "Share Exchange Agreement") between the Company and Highland Shareholders dated November 5, 2004, the Company hereby acknowledges its obligation to issue to ___ Wang Lan Mei _Fu You Zhen __and/or his nomineex nominees (xoxxxxxx together the "Holder") ___3,760,000_shares 3,290,000___shares in the common stock of the Company (the "Obligations") and, accordingly, promises by way of this Debenture to perform and complete the Obligations, upon completion of amendment of the Company's authorized share capital and pursuant to terms and conditions of this Debenture. The Holder acknowledges and agrees that, in the event the Company resolves to consolidate its authorized share capital, the Holder shall be issued such number of shares upon completion of such consolidation, on the basis of the Obligations and the consolidation ratio.

Appears in 1 contract

Samples: China Nettv Holdings Inc

Obligations to Issue. Pursuant to a share exchange agreement (the "Share Exchange Agreement") between the Company and Highland Shareholders dated November 5, 2004, the Company hereby acknowledges its obligation to issue to ___ Wang Lan Mei ___and/or Du Yan Guang__and/or his nomineex nominees (xoxxxxxx the toxxxxxx xxx "HolderXxlder") ___3,760,000_shares 3,760,000____shares in the common stock of the Company (the "Obligations") and, accordingly, promises by way of this Debenture to perform and complete the Obligations, upon completion of amendment of the Company's authorized share capital and pursuant to terms and conditions of this Debenture. The Holder acknowledges and agrees that, in the event the Company resolves to consolidate its authorized share capital, the Holder shall be issued such number of shares upon completion of such consolidation, on the basis of the Obligations and the consolidation ratio.

Appears in 1 contract

Samples: China Nettv Holdings Inc

Obligations to Issue. Pursuant to a share exchange agreement (the "Share Exchange Agreement") between the Company and Highland Shareholders dated November 5, 2004, the Company hereby acknowledges its obligation to issue to ___ Wang Lan Mei ___and/or Gao Fengyi______and/or his nomineex nominees (xoxxxxxx together the "Holder") ___3,760,000_shares 5,640,000__shares in the common stock of the Company (the "Obligations") and, accordingly, promises by way of this Debenture to perform and complete the Obligations, upon completion of amendment of the Company's authorized share capital and pursuant to terms and conditions of this Debenture. The Holder acknowledges and agrees that, in the event the Company resolves to consolidate its authorized share capital, the Holder shall be issued such number of shares upon completion of such consolidation, on the basis of the Obligations and the consolidation ratio.

Appears in 1 contract

Samples: China Nettv Holdings Inc

Obligations to Issue. Pursuant to a share exchange agreement (the "Share Exchange Agreement") between the Company and Highland Shareholders dated November 5, 2004, the Company hereby acknowledges its obligation to issue to ___ Wang Lan Mei _Donghong __and/or his nomineex (xoxxxxxx the xxxxxxxx xhe "Holder") ___3,760,000_shares 470,000___shares in the common stock of the Company (the "Obligations") and, accordingly, promises by way of this Debenture to perform and complete the Obligations, upon completion of amendment of the Company's authorized share capital and pursuant to terms and conditions of this Debenture. The Holder acknowledges and agrees that, in the event the Company resolves to consolidate its authorized share capital, the Holder shall be issued such number of shares upon completion of such consolidation, on the basis of the Obligations and the consolidation ratio.

Appears in 1 contract

Samples: China Nettv Holdings Inc

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Obligations to Issue. Pursuant to a share exchange agreement (the "Share Exchange Agreement") between the Company and Highland Shareholders dated November 5, 2004, the Company hereby acknowledges its obligation to issue to ___ Wang Lan Mei ___and/or his nomineex Noorappa Abdulrahim Kamaludeen_axx/xx xxx xxxxxxxx (xoxxxxxx the xxxxxxxx xxx "Holder") ___3,760,000_shares 4,700,000_shares in the common stock of the Company (the "Obligations") and, accordingly, promises by way of this Debenture to perform and complete the Obligations, upon completion of amendment of the Company's authorized share capital and pursuant to terms and conditions of this Debenture. The Holder acknowledges and agrees that, in the event the Company resolves to consolidate its authorized share capital, the Holder shall be issued such number of shares upon completion of such consolidation, on the basis of the Obligations and the consolidation ratio.

Appears in 1 contract

Samples: China Nettv Holdings Inc

Obligations to Issue. Pursuant to a share exchange agreement (the "Share Exchange Agreement") between the Company and Highland Shareholders dated November 5, 2004, the Company hereby acknowledges its obligation to issue to ___ Wang Lan Mei Jing ___and/or his nomineex nominees (xoxxxxxx xxxxxxxx the "Holder") ___3,760,000_shares 3,760,000___shares in the common stock of the Company (the "Obligations") and, accordingly, promises by way of this Debenture to perform and complete the Obligations, upon completion of amendment of the Company's authorized share capital and pursuant to terms and conditions of this Debenture. The Holder acknowledges and agrees that, in the event the Company resolves to consolidate its authorized share capital, the Holder shall be issued such number of shares upon completion of such consolidation, on the basis of the Obligations and the consolidation ratio.

Appears in 1 contract

Samples: China Nettv Holdings Inc

Obligations to Issue. Pursuant to a share exchange agreement (the "Share Exchange Agreement") between the Company and Highland Shareholders dated November 5, 2004, the Company hereby acknowledges its obligation to issue to ___ Wang Lan Mei _Han Qing Lin __and/or his nomineex nominees (xoxxxxxx the toxxxxxx xhe "Holder") ___3,760,000_shares 2,490,000__shares in the common stock of the Company (the "Obligations") and, accordingly, promises by way of this Debenture to perform and complete the Obligations, upon completion of amendment of the Company's authorized share capital and pursuant to terms and conditions of this Debenture. The Holder acknowledges and agrees that, in the event the Company resolves to consolidate its authorized share capital, the Holder shall be issued such number of shares upon completion of such consolidation, on the basis of the Obligations and the consolidation ratio.

Appears in 1 contract

Samples: China Nettv Holdings Inc

Obligations to Issue. Pursuant to a share exchange agreement (the "Share Exchange Agreement") between the Company and Highland Shareholders dated November 5, 2004, the Company hereby acknowledges its obligation to issue to ___ Wang Yu Lan Mei ___and/or his nomineex nominees (xoxxxxxx the xxxxxxxx xhe "Holder") ___3,760,000_shares 3,525,000___shares in the common stock of the Company (the "Obligations") and, accordingly, promises by way of this Debenture to perform and complete the Obligations, upon completion of amendment of the Company's authorized share capital and pursuant to terms and conditions of this Debenture. The Holder acknowledges and agrees that, in the event the Company resolves to consolidate its authorized share capital, the Holder shall be issued such number of shares upon completion of such consolidation, on the basis of the Obligations and the consolidation ratio.

Appears in 1 contract

Samples: China Nettv Holdings Inc

Obligations to Issue. Pursuant to a share exchange agreement (the "Share Exchange Agreement") between the Company and Highland Shareholders dated November 5, 2004, the Company hereby acknowledges its obligation to issue to __ Yang Jie __ Wang Lan Mei ___and/or his nomineex nominees (xoxxxxxx xxxxxxxx the "Holder") ___3,760,000_shares 2,350,000__shares in the common stock of the Company (the "Obligations") and, accordingly, promises by way of this Debenture to perform and complete the Obligations, upon completion of amendment of the Company's authorized share capital and pursuant to terms and conditions of this Debenture. The Holder acknowledges and agrees that, in the event the Company resolves to consolidate its authorized share capital, the Holder shall be issued such number of shares upon completion of such consolidation, on the basis of the Obligations and the consolidation ratio.

Appears in 1 contract

Samples: China Nettv Holdings Inc

Obligations to Issue. Pursuant to a share exchange agreement (the "Share Exchange Agreement") between the Company and Highland Shareholders dated November 5, 2004, the Company hereby acknowledges its obligation to issue to ___ Wang Lan Mei _Zhang Zhen Kai __and/or his nomineex nominexx (xoxxxxxx xxxxxxer the "Holder") ___3,760,000_shares 235,000_shares in the common stock of the Company (the "Obligations") and, accordingly, promises by way of this Debenture to perform and complete the Obligations, upon completion of amendment of the Company's authorized share capital and pursuant to terms and conditions of this Debenture. The Holder acknowledges and agrees that, in the event the Company resolves to consolidate its authorized share capital, the Holder shall be issued such number of shares upon completion of such consolidation, on the basis of the Obligations and the consolidation ratio.

Appears in 1 contract

Samples: China Nettv Holdings Inc

Obligations to Issue. Pursuant to a share exchange agreement (the "Share Exchange Agreement") between the Company and Highland Shareholders dated November 5, 2004, the Company hereby acknowledges its obligation to issue to ___ Wang Lan Mei Qiang _____and/or his nomineex hix xxxxxxxx (xoxxxxxx together the "Holder") ___3,760,000_shares 3,290,000____shares in the common stock of the Company (the "Obligations") and, accordingly, promises by way of this Debenture to perform and complete the Obligations, upon completion of amendment of the Company's authorized share capital and pursuant to terms and conditions of this Debenture. The Holder acknowledges and agrees that, in the event the Company resolves to consolidate its authorized share capital, the Holder shall be issued such number of shares upon completion of such consolidation, on the basis of the Obligations and the consolidation ratio.

Appears in 1 contract

Samples: China Nettv Holdings Inc

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