Utor definition
Examples of Utor in a sentence
Upon completion of the Bridge Financing, Utor shall advance the gross proceeds of the Bridge Financing to Cognetivity in the form of a convertible promissory note as set out in Schedule “F” (the “Convertible Promissory Note”).
Subject to the terms and conditions hereof, the Cognetivity Shareholders covenant and agree to sell, assign and transfer to Utor and Utor covenants and agrees to purchase from the Cognetivity Shareholders, the number of Purchased Shares set forth opposite the name of each of the respective Cognetivity Shareholders as set out in Schedule “A” attached hereto.
Customer will handle and be solely responsible for all warranty returns of Goods from its direct and indirect end-users.
The Escrowed Shareholders shall enter into the voluntary pooling arrangement prior to the listing of the Utor Common Shares on the CSE.
This is Schedule “D” to the Share Exchange Agreement among Utor Capital Corp., Cognetivity Ltd.
The effective time of conversion shall be the close of business on the date specified in the notice of Utor and the Common Shares issuable upon conversion of such Class B Preferred Shares shall be deemed to be issued and outstanding of record as of such time and the Class B Preferred Shares shall be cancelled at that time.
Each Common Share entitles the holder to receive notice of and to attend any meeting of shareholders and to exercise one vote for each Common Share held at all meetings of shareholders of Utor, other than meetings at which only the holders of another class or series of shares are entitled to vote separately as a class or series.
Subject to the rights of the shares of any other class ranking senior to the Class B Preferred Shares with respect to priority upon a Liquidation Event, in the event of a Liquidation Event, the holders of Class B Preferred Shares and the holders of Common Shares shall participate rateably in equal amounts per share, without preference or distinction, in the remaining assets of Utor.
This is Schedule “C” to the Share Exchange Agreement among Utor Capital Corp., Cognetivity Ltd.
Each of Utor Material Contracts is in full force and effect, unamended, and there exists no default, warranty claim or other obligation or liability or event, occurrence, condition or act which, with the giving of notice, the lapse of time or the happening of any other event or condition, would become a default, or give rise to a warranty claim or other obligation or liability thereunder.