General Metals definition
Examples of General Metals in a sentence
As consideration for the assignment of the Lease under Section 2.1 and the purchase of the Fee Lands under Section 2.2, Open Gold will issue such number of Open Gold Shares to General Metals comprising 64% of the issued and outstanding Open Gold Shares assuming completion of the Transaction, the Financing and the issue of the finder’s fee shares described in Schedule “H” hereto (the “Consideration Shares”).
The representations and warranties of Open Gold contained in this Agreement and in any certificates or documents delivered pursuant to or in connection with the transactions contemplated by this Agreement will survive the Closing and, notwithstanding such Closing, and regardless of any investigation by or on behalf of General Metals, will continue in full force and effect for the benefit of General Metals for a period of two (2) years from the Closing Date.
As further consideration Open Gold has previously paid a non-refundable cash payment in the amount of $25,000 to General Metals, receipt of which is hereby confirmed by General Metals.
Upon not less than five (5) Business Day’s prior written notice, Open Gold will provide General Metals or with reasonable access during Open Gold’s normal business hours to such Books and Records, provided that such access does not cause undue interference to the business operations of Open Gold, and General Metals will have the right, at its expense, to make and retain copies of such Books and Records, or extracts therefrom, to the extent required by it, acting reasonably.
These Terms and Conditions are agreed to by and between The General Metals Powder Co. dba GMP Friction Products (“GMP”) and the party (“Customer”) as may be specified in the quotation provided by GMP (the “Quotation”) or as may have delivered a purchase order to GMP, and relate to all sales of products from GMP to Customer from time to time thereafter.
The terms of the Financing will be discussed and agreed upon between General Metals and Open Gold prior to acceptance of such terms by Open Gold, and General Metals will also have the opportunity to review and comment on the form of financing agreements proposed to be used in connection with the Financing.
General Metals and General Gold will obtain the consent of Independence to the assignment and assumption of the Lease in the form attached hereto as Schedule “C” within fifteen (15) Business Days of the date of execution of this Agreement, or in such form as the parties hereto may agree acting reasonably.
As additional consideration, the Purchase Price shall include the issuance of Shares sufficient that Independence will have a 4.995% beneficial interest in General Metals Corporation, inclusive of the 5.65 million shares of General Metals Corporation that Independence already owns to be completed on or before May 10, 2014.
The parties to the assignment and purchase agreement dated May 14, 2013 between General Metals Corporation, General Gold Corporation and Open Gold Corp.
Each item of leased equipment shall have plainly, distinctly and permanently affixed to it, at the expense of the Lessee, a metal plate bearing the following words: "General Metals Leasing L.L.C.., Owner and Lessor".