Examples of Xxxx Shares in a sentence
Xxxx is the beneficial owner and holder of record of 9,000,000 shares of Common Stock, no par value, of the Company (collectively, the "Xxxx Shares").
Xxxx herewith accepts the Xxxx Shares under the obligation and terms referred to above.
Promptly following the execution of this Agreement, the Company agrees to cause the Transfer Agent to issue new stock certificates to each of (1) ReRe in the amount of the ReRe Shares, (2) Xxxx in the amount of the Xxxx Shares and (3) Seller, in the amount of 383,334 shares of Common Stock.
Prior to the date hereof, Seller has delivered to Gardere Xxxxx Xxxxxx LLP (“Gardere”), counsel to Purchaser, to hold in escrow, Approved Stock Powers (as defined below) completed and duly executed by Seller covering the legal transfer as of the date hereof of each of (1) the ReRe Shares to ReRe and (2) the Xxxx Shares to Xxxx.
Xxxx and the Company each has full power, capacity, and authority to enter into and perform this Agreement, and for Xxxx, to transfer the Xxxx Shares, respectively, to the Company, and for the Company, to transfer the First Closing Shares and (if issued) the Second Closing Shares to Purchaser, pursuant to the terms and conditions of this Agreement.