Examples of Xxxxx Shares in a sentence
Each Xxx Xxxxx Shareholder shall deliver to JML all right, title and interest in the Xxx Xxxxx Shares, free and clear of all mortgages, liens, charges, security interests, adverse claims, pledges, demands, rights and other encumbrances of any nature or kind.
Upon completion of the sale and transfer of the Xxx Xxxxx Shares to JML, JML shall also file a Form SB-2 or similar registration statement with the SEC covering the sale of up to 2,500,000 shares in the common stock of JML held, or to be held by current and future shareholders of JML.
Upon quotation of the Xxx Xxxxx Shares on the NASD Over-the-Counter Bulletin Board, JML shall complete a registered public offering of a minimum of 1,000,000 shares and a maximum of 2,000,000 shares of its common stock (the “Public Offering”) at an estimated price of USD $0.30 per share for gross proceeds of between USD $300,000 and USD $600,000 before commissions.
The purchase price payable by JML to the Xxx Xxxxx Shareholders for the Xxx Xxxxx Shares is $1,650,000.00 in U.S. currency (the “Purchase Price”) payable on the Closing Date by the issuance of 16,500,000 common shares in the capital stock of JML (the “JML Shares”).
At the Closing, Xxxxx shall deliver to the Purchaser endorsed share certificates or executed stock powers and other good and sufficient instruments of transfer as the Purchaser may reasonably require to vest effectively in the Purchaser good and valid title to the Xxxxx Shares, free and clear of any claims, liens, pledges, options, security interests, trusts, encumbrances or other rights or interests of any person.