Tech Securities means any capital stock of Tech or options, warrants or other convertible securities to acquire capital stock of Tech and capital stock of Tech acquired upon the exercise of any such options, warrants or other convertible securities.
No Stockholder shall in any manner pledge, hypothecate or encumber his, her or its Tech Securities in favor of any Person, or grant options with respect to his, her or its Securities to any Person, without the prior written consent of the Board of Directors of Tech and Tandowski (so long as he holds any Tech Securities).
Any Holder that Transfers Tech Securities shall (i) take all such actions and execute and deliver all such documents as may be necessary or reasonably requested by Tech in order to consummate the Transfer of such Tech Securities and (ii) pay to Tech such amounts as may be required for any applicable stock transfer taxes.
Upon surrender of the Certificates representing all of the Company Securities held by each Company Shareholder, together with such letter of transmittal, duly executed, and such other customary documentation as may be required pursuant to such instructions, the holder of the Company Securities shall be entitled to receive NT Tech Securities in a manner and amount as described herein.
The purchase of any such Tech Securities by Tech shall be settled within twenty (20) days after the date of the acceptance of the offer and the purchase price shall be paid to the Selling Party on the same terms and conditions as contained in the Stockholder Offeror's Notice.