Mega Shares definition

Mega Shares means the common shares which Mega is authorized to issue as presently constituted.
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Examples of Mega Shares in a sentence

  • Seller hereby agrees as additional consideration at the Closing Date to return to the Company’s treasury the 24,500,000 shares of common stock of the Company that it currently owns whereby after the Closing Date, the Seller will own no shares in the Company, the Seller’s Shareholders shall own the Mega Shares, and the Company will have a total of Three Million (3,000,000) Common Stock issued and outstanding.

  • Seller understands that the Mega Shares are characterized as "restricted securities" under the Securities Act in as much as they are being acquired by the Seller’s Shareholders from the Company in a transaction not involving a public offering.

  • Seller acknowledges on behalf of itself and its shareholders that a restrictive legend appears on the Mega Shares and must remain on the Mega Shares until such time as it may be removed under the Securities Act.

  • Seller acknowledges on behalf of itself and its shareholders that if any transfer of the Mega Shares is proposed to be made in reliance upon an exemption under the Securities Act, the Company may require an opinion of counsel satisfactory to the Company that such transfer may be made pursuant to an applicable exemption under the Securities Act.