DMOI definition
Examples of DMOI in a sentence
As payment for the TL Securities, DMOI shall pay to Owners the sum of $400,000, payable by the issuance of 8,000,000 shares of DMOI’s $.001 par value common stock (the “Common Stock”).
Owners have delivered to DMOI copies of the unaudited financial statements of TL for the period from January 1, 2004, through April 30, 2006, which financial statements are attached hereto as Schedule VIII(e).
To the knowledge of DMOI, it is in compliance with all laws and regulations applicable to employee-related matters.
Pursuant to the Employment Agreement, DMOI is obligated to deposit certain monies in escrow (such monies, including any income earned thereon, is hereinafter referred to as the “Deposit”), which shall be held in accordance with the terms of this Agreement.
DMOI is not a party to any suit, action, proceeding, investigation or labor dispute (collectively “actions”) pending or currently threatened against it other than administrative matters arising in the ordinary course of business.
Upon receipt by Escrow Agent of written notice from DMOI that Loflin’s employment has been terminated “for cause”, as that term is defined in the Employment Agreement, all unpaid amounts owed to Lo▇▇▇▇ ▇hall be paid to Lo▇▇▇▇ ▇n the next succeeding day on which the Deposit shall be sufficient to do so.
If, at any time prior to the date that is three years from the date of the Exchange described in paragraph VII, DMOI shall file for bankruptcy under the Bankruptcy Reform Act of 1994, then, upon receipt of written demand, signed by Owners, DMOI shall, without delay, deliver to Owners certificates representing 100% of the then-outstanding shares of common stock of TL.
DMOI hereby sells, assigns, and transfers 438 of its Interests (the “Redeemed Interest”) to the Company as of the Effective Date.
DMOI is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware and is qualified to do business as a foreign corporation in all jurisdictions where the ownership of property or maintenance of an office would require qualification.
All corporate action on the part of DMOI and its officers, directors and shareholders necessary for the authorization, execution and delivery of this Agreement, for the performance of DMOI’s obligations hereunder and for the issuance and delivery of the securities comprising the Units has been taken.