Common use of Security Assignment Clause in Contracts

Security Assignment. In addition to the repayment of the entire loan amount, Obligor hereby grants to Obligee XXXX shares of common stock in Winsonic Digital Media Group, Ltd. (“WDMG”). Obligee acknowledges and accepts that said shares are restricted shares pursuant to Regulation 144 of the Securities Act of 1933, as amended.

Appears in 1 contract

Sources: Loan Agreement (Winsonic Digital Media Group LTD)

Security Assignment. In addition to the repayment of the entire loan amount, Obligor hereby grants to Obligee XXXX _________ shares of common stock in Winsonic Digital Media Group, Ltd. (“WDMG”). Obligee acknowledges and accepts that said shares are restricted shares pursuant to Regulation 144 of the Securities Act of 1933, as amended.

Appears in 1 contract

Sources: Loan Agreement (Winsonic Digital Media Group LTD)

Security Assignment. In addition to the repayment of the entire loan amount, Obligor hereby grants to Obligee XXXX 175,000 shares of common stock in Winsonic Digital Media Group, Ltd. (“WDMG”). In the event of default by the Company, ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, personally guarantees principal loan amount, plus the 6% interest. Obligee acknowledges and accepts that said shares are restricted shares pursuant to Regulation 144 of the Securities Act of 1933, as amended.

Appears in 1 contract

Sources: Loan Agreement (Winsonic Digital Media Group LTD)

Security Assignment. In addition to the repayment of the entire loan amount, Obligor hereby grants to Obligee XXXX __________ shares of common stock in Winsonic Digital Media Group, Ltd. (“WDMG”). Obligee acknowledges and accepts that said shares are restricted shares pursuant to Regulation 144 of the Securities Act of 1933, as amended.

Appears in 1 contract

Sources: Loan Agreement (Winsonic Digital Media Group LTD)

Security Assignment. In addition to the repayment of the entire loan amount, Obligor hereby grants to Obligee XXXX XXXXX shares of common stock in Winsonic Digital Media Group, Ltd. (“WDMG”). Obligee acknowledges and accepts that said shares are restricted shares pursuant to Regulation 144 of the Securities Act of 1933, as amended.

Appears in 1 contract

Sources: Loan Agreement (Winsonic Digital Media Group LTD)

Security Assignment. In addition to the repayment of the entire loan amount, Obligor hereby grants to Obligee XXXX _______ shares of common stock in Winsonic Digital Media Group, Ltd. (“WDMG”). In the event of default by the Company, W▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, personally guarantees principal loan amount, plus the 25% interest. Obligee acknowledges and accepts that said shares are restricted shares pursuant to Regulation 144 of the Securities Act of 1933, as amended.

Appears in 1 contract

Sources: Loan Agreement (Winsonic Digital Media Group LTD)

Security Assignment. In addition to the repayment of the entire loan amount, Obligor hereby grants to Obligee XXXX ______________ shares of common stock in Winsonic Digital Media Group, Ltd. (“WDMG”). Obligee acknowledges and accepts that said shares are restricted shares pursuant to Regulation 144 of the Securities Act of 1933, as amended.

Appears in 1 contract

Sources: Loan Agreement (Winsonic Digital Media Group LTD)