Dynamic Shares definition
Examples of Dynamic Shares in a sentence
Initially, the principal office of the Trust shall be at c/o Dynamic Shares LLC, 4▇▇ ▇ ▇▇▇▇▇▇▇▇ ▇▇., ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇.
The Shareholder is the sole record and beneficial owner of the Dynamic Shares attributable to the Shareholder on Exhibit A and which are being tendered by the Shareholder in the Exchange, and are owned by the Shareholder free and clear of all rights, claims, liens and encumbrances, and have not been sold, pledged, assigned or otherwise transferred except pursuant to this Agreement.
In full consideration and exchange for the Dynamic Shares, G2 shall issue and exchange with Crystal the G2 Shares.
Pursuant to the Depositary Agreement, the amount deposited with the Depositary shall be held in an interest bearing account, and any interest earned thereon or on any portion thereof from the time it has been so deposited until the time it is paid by the Depositary to the former holders of Dynamic Shares shall be solely for the account of AcquisitionCo.
The Shareholders shall have tendered certificates evidencing the Dynamic Shares, duly endorsed for transfer to DynEco, accompanied by duly executed Investment Letters executed by each of the Shareholders.
The foregoing is hereby accepted as of and with effect from the date first above written and the Selling Securityholder hereby confirms that the Selling Securityholder beneficially owns ____________ Dynamic Shares and ____________ Dynamic Options to acquire a further ___________ Dynamic Shares.
At the Closing, Crystal shall deliver to G2 the stock certificate(s) representing 100% of the Dynamic Shares, duly endorsed in blank for transfer or accompanied by appropriate stock powers duly executed in blank.
At the Closing (as hereinafter defined), the Shareholders shall tender the Dynamic Shares to DynEco, free and clear of all liens, charges, encumbrances and security interests and DynEco shall issue the DynEco Shares to the Shareholders, pro-rata, in exchange therefor.
No dividends or other distributions declared or made after the Effective Time with respect to ExploreCo Shares with a record date after the Effective Time shall be paid to any former holder of Dynamic Shares, unless and until the former holder of record of such Dynamic Shares delivers all documents required in accordance with section 5.
On the Closing Date (as hereinafter defined) and upon the terms and subject to the conditions set forth in this Agreement, Crystal shall sell, assign, transfer, convey and deliver the Dynamic Shares (representing 10,000 Dynamic Shares, par value $1 per share or 100% of the issued and outstanding Dynamic Shares) to G2, and G2 shall accept the Dynamic Shares from Crystal in exchange for the issuance to Crystal 15,215,426 restricted shares of common stock of G2 (the “G2 Shares”).