EVIO definition
Examples of EVIO in a sentence
It is a condition of closing of the share purchase agreement dated April ●, 2018 among the Corporation, EVIO Canada Inc., the Executive and ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ (the “Share Purchase Agreement”), that the Executive enter into an employment agreement pursuant to which the Executive shall continue to serve as the President of the Corporation.
EVIO may exercise its option by providing C3 LABS and the C3 Members written notice of its intent to exercise the option.
In the event that either EVIO or the Vendor Group cease to own at least fifty percent (50%) of the outstanding Shares and accordingly no longer hold the nomination rights set forth above, the decision to add or remove any other directors shall be made by the Shareholders holding at least fifty-one (51%) percent of the Shares.
On this basis, the parties agree that it is in the best interests of the Corporation to implement and adopt in the Corporation’s Annual Business Plan so much of the rigorous business standards, practices, procedures and protocols followed by EVIO, Inc.
The parties acknowledge that EVIO, Inc., EVIO’s parent corporation, is the leading provider of accredited cannabis testing and consulting services in the United States.
Each Shareholder will vote at all meetings of the Shareholders and act in all other respects in connection with the corporate proceedings of the Corporation in such manner as to ensure that Will or EVIO’s nominee (so long as EVIO owns at least fifty percent (50%) of the outstanding Shares) and ▇▇▇▇ or her nominee (so long as the Vendor Group owns at least fifty percent (50%) of the outstanding Shares) are elected and appointed and maintained in place from time to time as Directors of the Corporation.
The addresses for such communications shall be: If to the Company, to: EVIO, Inc.
If EVIO does not exercise the option within nine (9) months from the Closing Date, the exercise price shall be set by mutual agreement between the parties or, if no such agreement can be reached, as determined by an independent third-party valuation by an appraiser agreed to by the parties.
Effective as of three (3) years after the Closing Date and terminating the date twenty four (24) months therefrom, the C3 Members hereby collectively ▇▇▇▇▇ ▇▇▇▇ the right to ratably purchase from the C3 Members an aggregate of 10% of the then outstanding Interests in C3 LABS (comprising the remaining Interests not owned by EVIO).
The foregoing subscription for Offered Shares, a Subscription Amount of $ , is hereby accepted on behalf of EVIO, Inc., a Colorado corporation, this day of , 2022.