Examples of Red Carpet Shares in a sentence
As part of the consideration for the sale of the Red Carpet Shares as set forth in Section 2.1 hereof, Red Carpet shall assume, on the date of Closing, and hereby agrees to pay, perform and discharge the liabilities of Xxxxxx Daily (the “Assumed Liabilities”).
Red Carpet shall instruct its transfer agent to issue certificates, registered in the name of Red Carpet or its transferees, for the Red Carpet Shares in such amounts specified from time to time by Red Carpet or its transferees to exercise of the Warrants.
Accordingly, the Red Carpet Shares (together with any other shares received pursuant to conversions, exchanges, stock splits, stock dividends or other reclassifications or changes thereof, or consolidations or reorganizations of Red Carpet) will not be transferable except upon the conditions specified in this Agreement, which conditions are intended to insure compliance with the provisions of the Securities Act in respect of any transfer thereof.
The Red Carpet Shares issued pursuant to Section 2.1 hereof shall be issued by Red Carpet free and clear of any Encumbrances and shall be fully paid and non-assessable.
Certificates representing the Red Carpet Shares issued to Sky E-Com Stockholders shall bear a restrictive legend setting forth that the Red Carpet Shares were issued in a transaction exempt from registration under the Securities Act of 1933, as amended (the "Securities Act") and may not be transferred unless pursuant to an effective registration statement filed with the SEC or an exemption therefrom.
The Red Carpet Shares to be issued and delivered pursuant to this Agreement in accordance with the provisions hereof will not have been registered under the Securities Act or under the securities laws of any state.
At the Closing, Red Carpet shall deliver certificates representing 2,000,000 of its authorized by unissued Red Carpet Shares.
Each certificate representing Red Carpet Shares issued hereunder shall be stamped or otherwise imprinted with a legend in the following form: "THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR UNDER THE SECURITIES LAWS OF ANY STATE.