SGLA definition
Examples of SGLA in a sentence
SGLA would acquire 100% of the issued and outstanding shares of common stock of Sunshine Green from the Selling Shareholders (the “Transaction”).
In connection with the Transaction, SGLA would provide the Selling Shareholders with equity consideration in an amount equal to 142,853,004 shares of newly-issued unregistered shares of common stock and 15,872,556 shares of Convertible Preferred Stock, par value $0.52 per share, with a conversion ratio of 10, i.e., each share of Convertible Preferred Stock can be converted into 10 shares of common stock of SGLA, with no expiration date on the conversion.
In connection with such due diligence, the Selling Shareholders and Sunshine Green will give SGLA and its representatives reasonable access to management, books, records, financial statements and properties of Sunshine Green to enable SGLA to complete its confirmatory due diligence investigation.
Upon execution of this Letter of Intent, SGLA shall conduct a business, financial and legal due diligence investigation of Sunshine Green, their business and operations.
All negotiations regarding the business between SGLA and Sunshine Green shall be confidential and not to be disclosed with anyone other than the respective advisors and internal staff of the parties and necessary third parties, except those information as stated in this LOI, for the reason as indicated in Clause 4 above, unless prior written notice and/or consent is obtained from the other party otherwise not permitted to do so.