Concurrent Financing. On the Closing Date, concurrent with the Closing of the Transaction, Investor shall invest in Titan $70,000 through the purchase of 3,000,000 shares of its common stock, representing 10% of Titan’s outstanding common stock, on a post-Closing basis. Investor shall also invest in Titan an additional $50,000 in the form of a loan.
Appears in 2 contracts
Sources: Software Purchase Agreement (Titan Computer Services Inc.), Software Purchase Agreement (Titan Computer Services Inc.)