OTEN definition
Examples of OTEN in a sentence
At or prior to Closing, OTEN would receive at least $200,000 in cash for the sale of not more than 750,000 post-split shares of its common stock.
At or prior to Closing, OTEN would enter into employment agreements with William A.
OTEN and Global represent and warrant to each other that neither party has dealt with any broker, finder, agent, consultant or other similar person in connection with the transactions contemplated hereby, and that no broker, finder or similar fee shall be payable to any person in connection with the transactions contemplated hereby.
At or prior to Closing, OTEN would effect a 15 to 1 reverse stock split.
OTEN would acquire all of the issued and outstanding shares of common stock of Global in exchange for a certain number of shares of common stock of OTEN, pursuant to a share exchange to be effected under the laws of the State of Florida (the "Exchange").
The number of shares of common stock of OTEN to be issued to the shareholders of Global pursuant to the Exchange would be equal to 70% of the total number of issued and outstanding shares of common stock of OTEN prior to the financing and the reverse stock split contemplated by paragraphs 1 and 3 below.
Paragraphs 1 through 6 of this letter are not binding on, and create no rights in favor of, either OTEN or Global.
It covers OTEN (External TAFE Students) whose registered home library is a Hunter Institute library, but does not cover TAFE students enrolled at other TAFE Institutes.
OTEN and Global would endeavor to negotiate, prepare, execute and deliver an agreement and plan of share exchange (the "Agreement and Plan of Share Exchange") and related documentation.