The Merger Price. Upon the Effective Date of the Merger, holders of Airways Common Stock shall be entitled to receive the portion of the Merger Price to which each is entitled pursuant to the Plan of Merger. The Merger Price shall be paid in the form of VJET Common Stock. The total number of shares of VJET Common Stock to be issued to the stockholders of Airways in the Merger (the "Merger Price") shall be equal to the number of shares of Airways Common Stock issued and outstanding on the Closing Date.
The Merger Price. Upon the Effective Date of the Merger, holders of LJ. Net Common Stock shall be entitled to receive the portion of the Merger Price to which each is entitled pursuant to Section 6.05 below. The Merger Price shall be paid in the form of MGC Common Stock. The total number of shares of MGC Common Stock to be issued to the stockholders of LJ. Net in the Merger (the "Merger Price") shall be equal to twenty-seven thousand (27,000) shares of MGC Common Stock.
The Merger Price. The Closing Balance Sheet shall be subject to review within forty-five (45) days after the Closing Date by an accounting firm of national repute, selected by LifeMinders and the Stockholders' Representative (as defined in Section 6.11), if either Party so requests. To the extent that such post-Closing review indicates that the Closing Net Working Capital reflected on the Closing Balance Sheet was understated by more than $50,000, then LifeMinders shall add to the Pledged Assets a number of shares of LifeMinders Common Stock equal to the quotient of (x) the entire amount of such understatement divided by (y) the Merger Price ("Additional Pledge Shares"). To the extent that such post-Closing ------------------------ review indicates that the Closing Net Working Capital reflected on the Closing Balance Sheet was overstated by more than $50,000, then LifeMinders shall be entitled to receive from the Pledged Assets a number of shares of LifeMinders Common Stock equal to the quotient of (a) the entire amount of such overstatement divided by (b) the Merger Price.
The Merger Price. (a) The Merger Price shall be Seven Million Four Hundred Thousand Dollars ($7,400,000). Upon the Effective Date of the Merger, holders of Devise Common Stock shall be entitled to receive the portion of the Merger Price to which each is entitled pursuant to Section 6.05 below. The Merger Price shall be paid Four Hundred Thousand Dollars in cash at closing with the balance of the Merger Price payable in the form of Intelispan Common Stock. The total number of shares of Intelispan Common Stock to be issued to the shareholders of Devise in the Merger shall be 2,970,824, which equals $7,000,000 divided by the "Average Intelispan Price" of $2.35625. The Average Intelispan Price is equal to the average closing price for Intelispan Common Stock during the ten (10) trading days ending on June 7, 2000, as reported on the OTCBB.
