THE EVENTS AT THE CLOSING. At the Closing, all events shall be deemed to occur simultaneously and no event shall be deemed completed until all the events described below have been completed. All parties to this Agreement acknowledge that certain numbers of shares and amounts may differ incrementally from the numbers and amounts described below. Any numerical discrepancies will be adjusted by the parties between the execution date of this Agreement and the Closing; PROVIDED, HOWEVER, THAT all parties agree that at the conclusion of the events described below at the Closing and subsequent to the Closing: (1) the Surrey Stockholder shall own (i) 63,283,391 shares of X-CHANGE Common Stock; (2) the current stockholders of X-CHANGE shall own approximately 6,894,685 shares of X-CHANGE Common Stock, (3) there shall be issued and outstanding 2,779,267 warrants to purchase shares of X-CHANGE Common Stock except those that may be exercised prior to closing if any are exercised then the current shareholders number shall increase by the number that the warrants decrease and (4) X-CHANGE shall own 100% of all of the issued and outstanding shares of common stock of Surrey.
THE EVENTS AT THE CLOSING. At the Closing, all events shall be deemed to occur simultaneously and no event shall be deemed completed until all the events described below have been completed. All parties to this Agreement acknowledge that certain numbers of shares and amounts are described in approximations, and that these numbers will be finalized between the execution date of this Agreement and the Closing; provided, however, that all parties agree that at the conclusion of the events described below at the Closing and certain share issuances subsequent to the Closing: (1) the CRTS Stockholders shall own 30,000,000 shares of SCSI Common Stock that shall represent 61.22% of all of the SCSI shares of Common Stock issued and outstanding, and (2) the current stockholders of SCSI shall own 19,000,000 shares of SCSI Common Stock that shall represent 38.78% of all of the SCSI shares of Common Stock issued and outstanding, and (3) SCSI shall own 100% of the issued and outstanding shares of stock of CRTS. Prior to the Closing, each of the designated parties shall have performed the actions described below:
THE EVENTS AT THE CLOSING. At the Closing, all events shall be deemed to occur simultaneously and no event shall be deemed completed until all the events described below have been completed. All parties to this Agreement acknowledge that certain numbers of shares and amounts may differ incrementally from the numbers and amounts described below. Any numerical discrepancies will be adjusted by the parties between the execution date of this Agreement and the Closing; PROVIDED, HOWEVER, THAT all parties agree that at the conclusion of the events described below at the Closing and subsequent to the Closing: (1) the Consorteum Stockholders shall own 39,999,750 shares of CHI Common Stock, (2) the current stockholders of CHI shall own 6,860,000 shares of CHI Common Stock, (3) there shall be issued and outstanding warrants to purchase 4,140,000 shares of CHI Common Stock, and (4) CHI shall own 100% of all of the issued and outstanding shares of common stock of Consorteum.
THE EVENTS AT THE CLOSING. At the Closing, all events shall be deemed to occur simultaneously and no event shall be deemed completed until all the events described below have been completed. All parties to this Agreement acknowledge that certain numbers of shares and amounts may differ incrementally from the numbers and amounts described below. Any numerical discrepancies will be adjusted by the parties between the execution date of this Agreement and the Closing; provided, however, that all parties agree that at the conclusion of the events described below at the Closing and subsequent to the Closing: (1) the TaxMasters Stockholder shall own (i) 301,000,000 shares of CPI Common Stock and (ii) 1,000 shares of Control Series of Preferred Stock, and (iii) have the right to receive the Earnout Shares (as defined in Section 5.1 of this Agreement); (2) the current stockholders of CPI shall own approximately 2,712,899 shares of CPI Common Stock; (3) there shall be no options, warrants or equity or other rights of any kind to purchase shares of CPI Common Stock other than the warrants held by Xxxxxxxx Xxxxxx & Co., LLC and Velvet International, Ltd.; and (4) CPI shall own 100% of all of the issued and outstanding shares of common stock of TaxMasters.
