Examples of WKC in a sentence
Any such shares of Preferred Stock issued to WKC pursuant to this acquisition will not be deemed freely transferable and will be deemed to be restricted pursuant to SEC Rule 144.
MAMA, WKC, and the shareholder of WKC, Kxxxxx Xxxxxxxx, agree to honor all reasonable requests of DRFS, its legal counsel, accountants and other agents, for information, materials and documents that relate to MAMA, its properties, and assets.
Kxxxxx Xxxxxxxx is Chief Executive Officer, Chief Financial Officer, and Director of DRFS, MAMA, and WKC.
In that regard, WKC, MAMA, and its shareholder agree that DRFS shall have full and complete access to the books, records, financial statements and other documents (including without limitation, articles of incorporation, bylaws, minutes, stock transfer books, material contracts, and tax returns) of MAMA as DRFS, its legal counsel, and accountants, may deem reasonable or necessary to conduct an adequate due diligence investigation and review.
The below terms, conditions, and consideration to be exchanged pursuant to a future definitive agreement for an acquisition of MAMA by DRFS from WKC may be changed, and or renegotiated, if agreed upon by all parties.
Upon written request to WKC, DRFS shall be entitled to a 30-day extension of the expiration date of this Letter of Intent should any extension be necessary due to delays in completing the due diligence review pursuant to Section 5 below, or in satisfying any of the conditions in Section 4.
DRFS has the sole right to re-structure the $500,000 payment due to WKC, at the time of closing, into a promissory note, due to be paid to WKC, in full, within 12 months following the time of closing of the Definitive Agreement.
DRFS, or its wholly-owned subsidiary Dr. Foods Co., Ltd., will acquire, from WKC (the “Seller”), one hundred percent (100%) of all of the issued and outstanding shares of all classes of stock (the “Shares”) of MAMA (the “Acquisition”).
The Board of Directors and the shareholders of DRFS, MAMA and WKC shall have approved and agreed to the acquisition of the Shares of MAMA by DRFS.
In January through April 2007, RCI issued 675,000 shares of its common stock for total proceeds of $5,345,000 to provide funding for the WKC and Real Property acquisition.