Common use of The Consideration Clause in Contracts

The Consideration. 1.1 Subject to the conditions set forth herein, on the "Closing Date" (as herein defined), SELLERS shall sell or cause to be delivered for sale and PURCHASER shall purchase 225,000 common shares of JNS common stock (post reverse split one for one hundred). The transactions contemplated by this Agreement shall be completed at a closing ("Closing") on a closing date ("Closing Date") on or before March 10, 1999. The purchase price for the JNS shares to be paid by PURCHASER to SELLERS is $125,000 which shall be delivered at closing. On the Closing Date, all of the documents to be furnished pursuant to this Agreement shall be delivered to M.A. Xxxxxxx, to be held in escrow until all closing conditions hereunder have been met or the date of termination of this Agreement, but no longer than 3 days after closing date, whichever first occurs, and thereafter shall be promptly distributed to the parties as their interests may appear.

Appears in 2 contracts

Samples: Share Purchase Agreement (JNS Marketing Inc), Share Purchase Agreement (JNS Marketing Inc)

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The Consideration. 1.1 a. Subject to the conditions set forth herein, herein on the "Closing Date" (as herein defined), SELLERS shall sell or cause to be delivered for sale and PURCHASER BUYER shall purchase 225,000 390,000 common shares of JNS ZI common stock (post reverse split one for one hundred)stock. The transactions contemplated by this Agreement shall be completed at a closing ("Closing") on a closing date ("Closing Date") on or before March 1031, 19992000. The purchase price for the JNS ZI shares to be paid by PURCHASER BUYER to SELLERS is $125,000 .02 per share, $7,800 for which is paid herewith into escrow with M. A. Xxxxxxx and shall be delivered at closing. On the Closing Date, all of the documents to be furnished pursuant to this Agreement Agreement, including the documents to be furnished pursuant to Article VI of this Agreement, shall be delivered to M.A. Xxxxxxx, to be held in escrow until all closing conditions hereunder have been met or the date of termination of this Agreement, but no longer than 3 days 1 day after closing date, whichever first occurs, and thereafter cash and shares shall be promptly distributed to the parties as their interests may appear.

Appears in 1 contract

Samples: Share Purchase Agreement (Zee Inc)

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The Consideration. 1.1 Subject to the conditions set forth herein, on the "Closing Date" (as herein defined), SELLERS SELLER shall sell or cause to be delivered for sale and PURCHASER shall purchase 225,000 60,000,000 common shares of JNS common stock (post pre-reverse split of one for one two hundred)) of KDC common stock. The transactions contemplated by this Agreement shall be completed at a closing ("Closing") on a closing date ("Closing Date") on or before March 10December 18, 19991998. The purchase price for the JNS KDC shares to be paid by PURCHASER to SELLERS SELLER is $125,000 50,000 which shall be delivered at closing. On the Closing Date, all of the documents to be furnished pursuant to this Agreement shall be delivered to M.A. Xxxxxxx, to be held in escrow until all closing conditions hereunder have been met or the date of termination of this Agreement, but no longer than 3 days after closing date, whichever first occurs, and thereafter shall be promptly distributed to the parties as their interests may appear.

Appears in 1 contract

Samples: Share Purchase Agreement (Kimbell Decar Corp)

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