Retraction Agreement definition
Retraction Agreement means the Retraction Agreement between the Vendor and the Company dated the date hereof.
Examples of Retraction Agreement in a sentence
Subject to the terms and conditions hereof, the Vendor agrees to sell, assign and transfer the Subject Shares to the Purchaser and the Purchaser agrees to purchase and acquire the Subject Shares as of the Closing Date, subject to the Retraction by the Company of the Retracted Shares in accordance with the Retraction Agreement.
The aggregate consideration to be received by the Vendor for the Subject Shares and the Retracted Shares shall be $4,000,000 (Cdn.) (the “Aggregate Cash Consideration”) plus 1,800,000 shares of the Vendor’s common stock, which consideration includes the purchase price of $2,750,000 (Cdn.) for the Retracted Shares pursuant to the Retraction Agreement.