Xtero definition
Examples of Xtero in a sentence
Any shares initially issued or earned out below and not exchanged by the exchange termination date shall be automatically cancelled by ▇▇▇▇▇▇▇ and replaced with the appropriate number of shares of common stock of ▇▇▇▇▇▇▇ and mailed to the last address of each Xtero Shareholder reported to SCL.
From and after the Effective Time until the end of the Sixth Post-Closing Period, Parent will act in good faith and in a commercially reasonable manner in the conduct and operation of the Xtero Business and will operate the Xtero Business in a manner consistent with the manner in which the Parent conducts its other businesses, including that of its subsidiary ▇▇▇▇▇▇▇ Measurement Systems, Inc.
In the event that there is any restatement or other adjustment to the financial statements of ▇▇▇▇▇▇▇ or the Company (a “Restatement”) that results in a change to the computation of After-Tax Xtero Profits in respect of any Post-Closing Period previously prepared by ▇▇▇▇▇▇▇ or the Company and certified by its auditors, the number of Post-Closing Shares issued in respect of such Post-Closing Period shall be increased or decreased, as the case be, to reflect such change to the After-Tax Xtero Profits.
It is contemplated that to effect the acquisition of 100% of Xtero by ▇▇▇▇▇▇▇ that ▇▇▇▇▇▇▇ will form SCL and SCL will complete the purchase through the issue of “Exchangeable Shares” of SCL which shares can later be exchanged under certain conditions for shares of common stock of ▇▇▇▇▇▇▇.
The Xtero Shareholders and Directors signing below represent that together they own more than 50% of Xtero’s issued and outstanding common shares and agree to vote their common shares of Xtero in favor of the Transaction.
Until May 31, 2008, the Xtero shareholders and Xtero will not (a) discuss, negotiate, solicit, or accept any offer, proposal, or other expression of interest of any kind by any other party regarding the acquisition of the assets or common shares of Xtero or (b) make any information available to a third party in connection with the Transaction.
Xtero will present a more detailed plan in connection with the preparation of the Definitive Acquisition Agreement.
Xtero now requires that it draw down the balance of $50,000 in order to meet its obligations for outstanding legal bills for both patent and general corporate legal services.
Generally speaking, the Xtero Shareholders will have the right to exchange their SCL “Exchangeable Shares” for ▇▇▇▇▇▇▇ common stock on a one-for-one basis at any time up until 10 years following the closing of the Transaction.
Neither the Xtero Shareholders, Xtero nor ▇▇▇▇▇▇▇ will issue or approve a news release or other announcement concerning the Transaction without the prior approval of the other parties regarding the contents of the announcement and its release, which approval will not be unreasonably withheld.