Clause Information
Purchase Price. In consideration for the acquisition of the Rosey Shares, the Purchaser shall issue from treasury to the Shareholders an aggregate of 4,000,000 Common Shares as set out in Schedule " A " attached hereto, free and clear of any encumbrances (the " Payment Shares "). To the extent a Rosey Shareholder is to receive a fractional Payment Share, that entitlement shall be rounded down to the nearest whole number and no consideration shall be payable therefore. The Payment Shares are being issued at a deemed value of $0.05 per Payment Share.
In addition, the Purchaser will pay to Rosey $200,000 on the Closing Date to be used as working capital to advance the business of Rosey.
| Clause Category: | Purchase Price |
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