MDTC definition
Examples of MDTC in a sentence
MDTC evaluation documents are available through OKTLE at ▇▇▇▇▇.▇▇▇.
Notwithstanding any other provision of this Agreement, no certificate for fractional shares of the MDTC Shares will be issued in the Transaction.
MDTC is a corporation duly organized, validly existing and in good standing pursuant to the laws of the State of Nevada, with all requisite power and authority to carry on its business as presently conducted in all jurisdictions where presently conducted, to enter into this Agreement and to consummate the transactions set forth in this Agreement.
MDTC agrees to indemnify and hold harmless TechTV from and against any and all claims for brokerage commissions or finder’s fees by any person, firm or corporation on the basis of any act or statement alleged to have been made by MDTC or its affiliates or agents.
TechTV will permit representatives of MDTC, including legal counsel and accountants, to have full access at all reasonable times, and in a manner so as not to interfere with the normal business operations of TechTV to all premises, properties, personnel, books, records, contracts, and documents of or pertaining to TechTV.
No other corporate approvals are required for MDTC to execute, deliver and perform this Agreement.
The total Acquisition Consideration to be paid by MDTC for the TechTV Shares shall be a total of 5,000,000 shares of the previously authorized but unissued unregistered and restricted shares of the Common Stock, $0.001 par value per share of MDTC, subject to and based upon TechTV securing 500,000 new Subscriptions (the "Anticipated Subscribers") during the period commencing on the date of Closing and ending on the second year anniversary date thereof (the "Subscriber Period").
By ----------------------------------------------- Name: Title: Address of Chief Executive Office and for Notices: ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Attention: Chief Financial Officer MDTC HADDON, INC.
During the Subscriber Period Escrow Holder release a certificate representing 437,500 MDTC shares for each 43,750 Subscribers under TechTV Contracts secured.
Except as would not have a Material Adverse Effect, MDTC is not in breach or default of any Material Contract to which it is a party and, to the knowledge of MDTC, no other party to any Material Contract is in breach or default thereof.