Reclassification of Shares. In case of the reclassification of securities into shares of Common Stock, the shares of Common Stock issued in such reclassification shall be deemed to have been issued for a consideration other than cash. Shares of Additional Common Stock issued by way of dividend or other distribution on any class of stock of the Company shall be deemed to have been issued without consideration.
Appears in 14 contracts
Samples: Uni-Pixel, Uni-Pixel, Maverick Oil & Gas, Inc.
Reclassification of Shares. In case of the reclassification of securities into shares of Common Stock, the shares of Common Stock issued in such reclassification shall be deemed to have been issued for a consideration other than cash. Shares of Additional Common Stock issued by way of dividend or other distribution on any class of stock of the Company Borrower shall be deemed to have been issued without consideration.
Appears in 6 contracts
Samples: International Travel Cd S Inc, Trimedia Entertainment Group Inc, Continental Southern Resources Inc
Reclassification of Shares. In case of the reclassification of securities into shares of Common Stock, the shares of Common Stock issued in such reclassification shall be deemed to have been issued for a consideration other than cash. Shares of Additional Common Stock issued by way of dividend or other distribution on any class of stock of the Company Borrower shall be deemed to have been issued without consideration.
Appears in 4 contracts
Samples: Convertible Debenture Loan Agreement (Topro Inc), Convertible Loan Agreement (Newcare Health Corp), Integrated Security Systems Inc
Reclassification of Shares. In case of the reclassification of securities into shares of Common Stock, the shares of Common Stock issued in such reclassification shall be deemed to have been issued for a consideration other than cash. Shares of Additional Common Stock issued by way of dividend or other distribution on any class of stock of the Company (other than Common Stock) shall be deemed to have been issued without consideration.
Appears in 1 contract
Samples: Zone Mining LTD
Reclassification of Shares. In case of the reclassification thx xxxxassification of securities into shares of Common Stock, the shares of Common Stock issued in such reclassification shall be deemed to have been issued for a consideration other than cash. Shares of Additional Common Stock issued by way of dividend or other distribution on any class of stock of the Company shall be deemed to have been issued without consideration.
Appears in 1 contract
Samples: BPK Resources Inc
Reclassification of Shares. In case of the reclassification rxxxxxxification of securities into shares of Common Stock, the shares of Common Stock issued in such reclassification shall be deemed to have been issued for a consideration other than cash. Shares of Additional Common Stock issued by way of dividend or other distribution on any class of stock of the Company shall be deemed to have been issued without consideration.
Appears in 1 contract
Samples: Vpgi Corp
