Stock Put Agreement definition
Examples of Stock Put Agreement in a sentence
On and subject to the terms and conditions of this Agreement, and further subject to the terms of the Stock Put Agreement and Shareholder Rights Agreement, Buyer agrees to, and does hereby, purchase from Seller One Million Two Hundred Thousand (1,200,000) shares of common (capital) stock of Exsorbet Industries, Inc.
This Note, the Stock Put Agreement, the Assignment, and all other documents evidencing, securing, governing, guaranteeing, and/or pertaining to this Note, including but not limited to those documents described above, are sometimes collectively referred to as the "Transaction Documents".
The Common Stock Put Agreement by and between Twinlab and Capstone dated September 30, 2014 (and all rights and obligations of any party thereunder) are hereby terminated.
The parties acknowledge and confirm that Twinlab never delivered to Capstone a Put Notice (as defined in the Common Stock Put Agreement) and that there has never been an Event of Default (as defined in the Common Stock Put Agreement).
In consideration for the termination of the Common Stock Put Agreement, and as partial consideration for entry into this Compromise Agreement and Release, the parties shall contemporaneously herewith enter into and execute an amendment to the Series B Warrant in the form set forth on Exhibit A attached hereto.
This Note is executed and delivered by Maker pursuant to the terms of the Stock Put Agreement dated September 30, 1996, executed by and between among Maker and Payee (the "Stock Put Agreement"), and this Note evidences Maker's indebtedness owing by Maker to Payee under the terms of such Stock Put Agreement.
Control means the power, direct or indirect, whether or not exercised, through the ownership of a majority or a dominant minority of the total outstanding voting interest in an entity, board representation, proxy voting, a special share, contractual arrangements, formal or informal arrangements to act in concert, or other means, to determine, direct, or decide important matters affecting an entity.
Neither Capstone nor any person related to Capstone shall have any liability to Twinlab in connection with the termination of the Series A Warrant and/or the Common Stock Put Agreement hereunder, and/or in connection with the amendment of the Series B Warrant pursuant hereto.
This Agreement, together with the Warrants, the Common Stock Put Agreement and any related exhibits and schedules thereto, constitutes the sole and entire agreement of the parties to this Agreement with respect to the subject matter contained herein, and supersedes all prior and contemporaneous understandings and agreements, both written and oral, with respect to such subject matter.
There are no proceedings pending or, to the knowledge of Debtor or any Subsidiary, threatened before any court or administrative agency which will or may have a material adverse effect on the financial condition or operations of Debtor or any Subsidiary or upon Debtor's or any Subsidiary's ability to perform its obligations under this Agreement, the Stock Put Agreement, or any other Transaction Document, except as disclosed to Secured Party in writing prior to the date of this Agreement.