Entest definition
Examples of Entest in a sentence
The payments identified in Sections 3.1 and 3.2 as payable in cash or common stock may be paid in cash or newly issued common stock of the Licensee or in common stock of Licensee’s Parent (Entest BioMedical Inc.) at the Licensee’s discretion valued as of the lowest closing price on the principal exchange upon which said common stock trades publicly within the 14 trading days prior to issuance.
The payments specified in Section 3.1 may be paid in cash or common stock of the Licensee or in common stock of Licensee’s Parent (Entest BioMedical Inc.) accordance with Section 3.2.
This Agreement shall not be assignable by any Party, in whole or in part, without the each other Party’s prior consent in that Party’s sole discretion except as follows: The Company may assign its rights and duties pursuant to this Agreement to Entest Biomedical, Inc., a Nevada corporation which is currently a majority owned subsidiary of the Company, in its sole discretion.
Seller desires to sell and transfer to Buyer, all of the outstanding common stock of Entest Biomedical, Inc., a California corporation (the “Subsidiary Stock”) for a total purchase price of Ten Million (10,000,000) shares of the common stock of Buyer (the “Purchase Price”).
It is the intent of the parties that the Buyer shall assume control of Entest immediately after the Closing.
In the event of an Entest Assignment, Share Restrictions (as defined in Section 5) shall expire upon completion of the applicable tasks specified in Section 5 of this Agreement completed on behalf of Entest BioMedical, Inc.
For the purpose hereof, "Competitive Business" means the ownership, operation, development, marketing of the services related to, or management of businesses providing veterinary service or development of veterinary therapies within five (5) miles of the Hospital or any Entest Hospital/Clinic.
Neither the Seller nor Entest has any Liability or obligation to pay any fees or commissions to any broker, finder, or agent with respect to this Transaction for which the Buyer could become liable or obligated.
In the event that CONSULTANT is paid a dividend in kind of the securities of Entest BioMedical, Inc.
Buyer shall pay $300,000 in a combination of cash, assumption of debt and issuance of Entest BioMedical Inc.’s common stock (OTCBB: ENTB), hereafter referred to as the “Purchase Price Components”.