Common use of Unchanged Clause in Contracts

Unchanged. 9.1. ONE MILLION FIVE HUNDRED THOUSAND (1,500,000) shares of common stock of Voyager Entertainment International, Inc., to which Rule 144 of the securities laws apply shall be delivered to Lender as follows: 9.1.1. Upon the disbursement of the first FIVE HUNDRED THOUSAND DOLLARS (U.S. $500,000.00), as delineated in paragraph 6.1, above, Borrower shall deliver to Lender THREE HUNDRED THOUSAND (300,000) shares of common stock of Voyager Entertainment International, Inc., to which Rule 144 of the securities laws apply; and 9.1.2. Upon the availability of the disbursement above the first FIVE HUNDRED THOUSAND DOLLARS (U.S. $500,000.00), as delineated in paragraph 6.2, above, Borrower shall deliver to Lender ONE MILLION TWO HUNDRED THOUSAND (1,200,000) shares of common stock of Voyager Entertainment International, Inc., restricted pursuant to the provisions of SEC Rule 144.

Appears in 2 contracts

Sources: Loan and Security Agreement (Voyager Entertainment International Inc), Loan and Security Agreement (Voyager Entertainment International Inc)