Common use of Security Assignment Clause in Contracts

Security Assignment. In addition to the repayment of the entire loan amount, Obligor hereby grants to Obligee XXXXX shares of common stock in Winsonic Digital Media Group, Ltd. (“WDMG”). Obligee acknowledges and accepts that said shares are restricted shares pursuant to Regulation 144 of the Securities Act of 1933, as amended.

Appears in 1 contract

Samples: Loan Agreement and Security Assignment (Winsonic Digital Media Group LTD)

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Security Assignment. In addition to the repayment of the entire loan amount, Obligor hereby grants to Obligee XXXXX _________ shares of common stock in Winsonic Digital Media Group, Ltd. (“WDMG”). Obligee acknowledges and accepts that said shares are restricted shares pursuant to Regulation 144 of the Securities Act of 1933, as amended.

Appears in 1 contract

Samples: Loan Agreement and Security Assignment (Winsonic Digital Media Group LTD)

Security Assignment. In addition to the repayment of the entire loan amount, Obligor hereby grants to Obligee XXXXX ______________ shares of common stock in Winsonic Digital Media Group, Ltd. (“WDMG”). Obligee acknowledges and accepts that said shares are restricted shares pursuant to Regulation 144 of the Securities Act of 1933, as amended.

Appears in 1 contract

Samples: Loan Agreement and Security Assignment (Winsonic Digital Media Group LTD)

Security Assignment. In addition to the repayment of the entire loan amount, Obligor hereby grants to Obligee XXXXX __________ shares of common stock in Winsonic Digital Media Group, Ltd. (“WDMG”). Obligee acknowledges and accepts that said shares are restricted shares pursuant to Regulation 144 of the Securities Act of 1933, as amended.

Appears in 1 contract

Samples: Loan Agreement and Security Assignment (Winsonic Digital Media Group LTD)

Security Assignment. In addition to the repayment of the entire loan amount, Obligor hereby grants to Obligee XXXXX XXXX shares of common stock in Winsonic Digital Media Group, Ltd. (“WDMG”). Obligee acknowledges and accepts that said shares are restricted shares pursuant to Regulation 144 of the Securities Act of 1933, as amended.

Appears in 1 contract

Samples: Loan Agreement and Security Assignment (Winsonic Digital Media Group LTD)

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Security Assignment. In addition to the repayment above issuance of the entire loan amountshares, Obligor hereby grants to Obligee additional XXXXX shares of common stock in Winsonic Digital Media Group, Ltd. (“WDMG”). Obligee acknowledges and accepts that said shares are restricted shares pursuant to Regulation 144 of the Securities Act of 1933, as amended.

Appears in 1 contract

Samples: Winsonic Digital Media Group LTD

Security Assignment. In addition to the repayment of the entire loan amount, Obligor hereby grants to Obligee XXXXX _______ shares of common stock in Winsonic Digital Media Group, Ltd. (“WDMG”). In the event of default by the Company, Wxxxxxx X. Xxxxxxx, personally guarantees principal loan amount, plus the 25% interest. Obligee acknowledges and accepts that said shares are restricted shares pursuant to Regulation 144 of the Securities Act of 1933, as amended.

Appears in 1 contract

Samples: Loan Agreement and Security Assignment (Winsonic Digital Media Group LTD)

Security Assignment. In addition to the repayment of the entire loan amount, Obligor hereby grants to Obligee XXXXX 175,000 shares of common stock in Winsonic Digital Media Group, Ltd. (“WDMG”). In the event of default by the Company, Xxxxxxx X. Xxxxxxx, personally guarantees principal loan amount, plus the 6% interest. Obligee acknowledges and accepts that said shares are restricted shares pursuant to Regulation 144 of the Securities Act of 1933, as amended.

Appears in 1 contract

Samples: Loan Agreement and Security Assignment (Winsonic Digital Media Group LTD)

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