Common use of Further Considerations Clause in Contracts

Further Considerations. The Shareholder agrees to the following actions and conditions related to the Agreement for Share Exchange: i. Transfer the liabilities of existing, unsettled loans and debts of Concept X to ▇▇▇▇ ▇▇▇ Label Weaving & Press Printing Co., Limited prior to Closing; ii. Cancel all payables and loans owed to Shareholder and Shareholder’s affiliates and controlled entities; iii. Assume the liabilities of the net trade payables (defined as trade payables minus trade receivables as of the date of Closing.

Further Considerations. The Shareholder agrees to the following actions and conditions related to the Agreement for Share Exchange: i. Transfer the liabilities of existing, unsettled loans and debts of Concept X to ▇C▇▇▇ ▇▇▇ Label Weaving & Press Printing Co., Limited prior to Closing; ii. Cancel all payables and loans owed to Shareholder and Shareholder’s affiliates and controlled entities; iii. Assume the liabilities of the net trade payables (defined as trade payables minus trade receivables as of the date of Closing.