Examples of Skyline Medical Common Stock in a sentence
While the Skyline Medical Common Stock is held in escrow by the Escrow Agent pursuant to terms of the Escrow Agreement, the Company hereby covenants to vote all shares of the Skyline Medical Common Stock in favor of any and all proposals to Skyline Medical’s stockholders that are by Skyline Medical’s Board of Directors and management.
Except as otherwise provided by applicable Legal Requirements, the failure of any stock certificate representing Skyline Medical Common Stock to contain a legend in substantially the form set forth above shall not affect the enforceability of restrictions set forth in this Section 1.5.
The closing (the “Closing”) of the issuance of the Skyline Medical Common Stock and the Company Preferred Stock as contemplated by this Agreement shall occur at the offices of Maslon LLP, outside counsel to Skyline Medical on January 11, 2017 (the “Closing Date”) at 10:00 a.m., Central time or such other date and time as agreed to between Skyline Medical and the Company.
The Skyline Medical Common Stock issued in the Share Exchange will not be transferable except (i) pursuant to an effective registration statement under the Securities Act or (ii) upon receipt by Skyline Medical of a written opinion of counsel for the holder reasonably satisfactory to Skyline Medical to the effect that the proposed transfer is exempt from the registration requirements of the Securities Act and relevant state securities Legal Requirements.
In consideration of Skyline Medical’s issuance of the Skyline Medical Common Stock pursuant to the terms set forth in this Agreement, the Company shall issue to Skyline Medical an aggregate of 2,500,000 shares of its Series A Preferred Stock (the “Company Preferred Stock”).
Major Restorative – Crowns, inlays, onlays are benefited where above materials are not adequate.
The Escrow Agreement shall provide, among other things, that the Skyline Medical Common Stock shall be released by Escrow Agent, as soon as reasonably practicable after the Company’s revenues in any 12-month period reaches $8,000,000.00.
In consideration of the Company’s issuance of Company Preferred Stock pursuant to the terms set forth in this Agreement, Skyline Medical shall issue to the Company an aggregate of 1,100,000 shares of its Common Stock, $0.01 par value per share (the “Skyline Medical Common Stock”); provided that the Skyline Medical Common Stock shall be deposited into an Escrow Account to be maintained by Corporate Stock Transfer, Inc.
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