Security Assignment. In addition to the repayment of the entire loan amount, Obligor hereby grants to Obligee ______________ 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
Samples: Loan Agreement and Security Assignment (Winsonic Digital Media Group LTD)
Security Assignment. In addition to the repayment of the entire loan amount, Obligor hereby grants to Obligee ______________ 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
Samples: Loan Agreement and Security Assignment (Winsonic Digital Media Group LTD)
Security Assignment. In addition to the repayment of the entire loan amount, Obligor hereby grants to Obligee ______________ shares of common stock in Winsonic Digital Media Group, Ltd. (“WDMG”). In the event of default by the Company, Wxxxxxx X. Xxxxxxx, 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
Samples: Loan Agreement and Security Assignment (Winsonic Digital Media Group LTD)
Security Assignment. In addition to the repayment of the entire loan amount, Obligor hereby grants to Obligee ______________ 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
Samples: Loan Agreement and Security Assignment (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
Samples: Loan Agreement and Security Assignment (Winsonic Digital Media Group LTD)
Security Assignment. In addition to the repayment of the entire loan amount, Obligor hereby grants to Obligee ______________ 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
Samples: Loan Agreement and Security Assignment (Winsonic Digital Media Group LTD)