Financial Statements and Liabilities. ISSUER has no available financial statements. Immediately prior to the Closing, ISSUER will convert its present debt into 15,000,000 shares of common stock (the “Conversion Shares”). Upon conversion of the ISSUER’s existing debt into the Conversion Shares, the Issuer will have no liabilities.
Appears in 2 contracts
Sources: Agreement for Exchange of Common Stock (Coil Tubing Technology, Inc.), Agreement for Exchange of Common Stock (Coil Tubing Technology Holdings, Inc.)