BGOC definition
Examples of BGOC in a sentence
BROADCOM, or its parent, has previously acquired and been issued from BGOC Two Million (2,000,000) shares of the common stock fully paid of Black Giant Oil Company.
BGOC further agrees to issue to BROADCOM an additional 625,000 shares per site funded.
Subject to these conditions and the assignment of all of said contractual rights to BGOC, BGOC hereby agrees to release from escrow of Ten Million (10,000,000) shares of its common stock from its unissued but authorized shares to BROADCOM/BROADBAND for the fully executed and binding formal contract with Global Access for the agreed interest in Global Access's Mexican Long Distance Service contract.
Additionally, BROADCOM hereby warrants that it previously transferred or arranged for the transfer of any and all assets, contractual rights and/or agreements to acquire or fund any and all projects which are included in BROADCOM's agreements or negotiations with BGOC.
Upon acceptance of this agreement and action by the Board of Directors of BGOC, BROADCOM shall designate two new Directors to be appointed to the Board of Directors of BGOC, one will be appointed upon acceptance of this agreement and the second will be appointed upon payment of the $55,000 private placement.
Upon acceptance of this agreement and action by the Board of Directors of BGOC.
Black Giant Oil Company with BroadCom Wireless Communications Corporation, whose address is 4▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ is ready, willing and able to enter into this agreement in order to effectuate the purchase, by Black Giant Oil Company (publicly traded on Nasdaq BB:symbol BGOC), of the shares, interest and equity of Tryco Inc.
BROADCOM and BGOC hereby agree to execute other documents as may be necessary to make this document effective.
Therefore, BROADBAND now replaces BROADCOM for all purposes in its agreements with BGOC with no other changes except those specifically agreed to in this Agreement.
BGOC further agrees to issue and hold in escrow 13,000,000 additional shares for the Kentucky Gas Project pending a sufficient number of ▇▇▇▇▇ being completed and put on line for production and generating a positive cash flow net to BGOC's interest in order to substantiate a minimum value of $2,000,000, or more, to BGOC's interest.