Ventech definition
Examples of Ventech in a sentence
Indemnitors, Trilogic Investments Limited, CMHJ Technology Fund II, L.P., Natixis Ventech China AB, Action King Limited, VODone and the Company entered into a purchase agreement relating to the Company’s shares on December [ ], 2010 (hereafter collectively “Share Purchase Agreement”, which term shall include the Share Purchase Agreement as supplemented and amended at any time), pursuant to which the Buyer agrees to acquire from the Sellers 70% of the issued share capital of the Company.
As at the date hereof, the Holdco1, IDG Capital, IDG Investors, CGC, Fraser, Sky9, and Ventech own convertible promissory notes of the Company, amounting to US$3,000,000, which will be converted into 2,558,855 series CB preferred shares of the Company, effective upon the Closing (the “Series CB Preferred Shares”, together with the Issued Shares, the “Sale Shares”).
Each of the HK Co. and the PRC Companies shall have the identical composition of directors as the Company, and each of IDG Funds, Ventech China, Vangoo and CMC shall be entitled to appoint the same number of director(s) to each of the HK Co., and PRC Companies as it is entitled to appoint to the Company as it is entitled to appoint to the Company, and Ping An shall be entitled to exclusively appoint one (1) director to each of the HK Co. and PRC Companies as it is entitled to appoint to the Company.
According to the proportion of shares held by each Seller among the Sold Shares, Trilogic Investments Limited shall receive 42,140,000 Consideration Shares and a cash consideration of HK$ 42,260,400; CMHJ Technology Fund II, L.P. shall receive 17,640,000 Consideration Shares and a cash consideration of HK$ 17,690,400; and Natixis Ventech China AB shall receive 8,820,000 Consideration Shares and a cash consideration of HK$ 8,845,200.
T+ 60 days CMHJ US$ 1,000,000 Ventech US$ 500,000 T + 90 days CMHJ US$ 1,000,000 Ventech US$ 500,000 T + 120 days CMHJ US$ 1,000,000 Ventech US$ 500,000 * T means the Closing Date.
Ventech hereby authorize CMHJ to act for and on its behalf to exercise any and all rights Ventech is entitled to under this Agreement, including without limitation, the right to dispose of the Pledged Shares.
Ventech was subsequently sold to MAI Systems which became a key component of MAI Basic Four, the company ▇▇▇▇▇▇▇ ▇▇▇▇▇ used in his unsuccessful attempt to take over Prime Computer and its Computervision subsidiary.) The acquisition of Applicon by Gores was announced on September 28, 1993.
For the avoidance of doubt, all Ventech Expenses shall be for the account of Purchaser and Seller shall not be required to pay or reimburse any Ventech Expenses.
Purchaser shall use its commercially reasonable efforts to pursue the Ventech Claims and shall not (i) permit such claims to lapse or otherwise be forfeited, except as may be provided in a settlement agreement or (ii) prior to a final resolution or settlement of the Ventech Claims, sell, transfer or otherwise assign the Ventech Claims to any other person.
Section 16 of the Security Agreement is amended by replacing the words "Equity Interests in Ventech Systems, Inc." in line 5 of clause (D) thereof with "Equity Interests in Ventech Systems, Inc.