Zycom definition
Examples of Zycom in a sentence
The closing of transactions between Business Development Corporation, Zycom, and Tutornet would take place no later than April 12, 2000.
Upon request by Zycom or Tutornet a confidentiality agreement would be executed by any person selected to receive confidential information, prior to receipt of such information.
It is the intention of the parties hereto that after the exchange of stock to the Tutornet Stockholders, the present Zycom shareholders will own 4.1% of the outstanding stock of Zycom.
None of the Zycom shares that would be issued in the Exchange or otherwise would be registered, but rather would constitute "restricted securities" within the meaning of Rule 144, promulgated under the Securities Act of 1933, as amended (the "Act").
Such shares of Zycom shall only be issued and delivered to persons who are accredited investors as defined in Rule 501 of Regulation D promulgated by the Securities and Exchange Commission.
From the date hereof neither Business Development Corporation, Tutornet or their principal stockholders may discuss or negotiate with any other corporation, firm or person, or entertain or consider any inquiries or proposals relating to the possible disposition or exchange of their shares of capital stock of Zycom or Tutornet.
Immediately following the closing, Tutornet would se its best effort to register under the Act with the United States Securities and Exchange Commission: (i) the Exchange Stock; (ii) the Tutornet Shares; (iii) the additional shares; and (iv) the stock held by the former officer, director and affiliate stockholders of Zycom.
Zycom and Tutornet would furnish such information as requested by the other as to its business and operations.
On or before the Closing Date Zycom shall authorize a stock dividend of the common stock of Zycom at the rate of six shares for each one share outstanding at the time of Closing, excluding the shares to be issued pursuant to this Agreement.
Said financial statements are true and correct in all material respects and present an accurate and complete disclosure of the financial condition of Zycom as of December 31, 1999, and the earnings for the periods covered, in accordance with generally accepted accounting principles applied on a consistent basis.