Common use of Issue of Common Shares Clause in Contracts

Issue of Common Shares. Common Shares shall only be issued on the basis of one Common Share per Person to Persons who: (a) express in writing to the Shareholder’s Board their intention to become Shareholders; (b) demonstrate to the Shareholder’s Board that they have satisfied the Eligibility Criteria for Shareholders; (c) execute and deliver this Agreement or a written counterpart to this Agreement; (d) execute and deliver the CNA Services Agreement, or undertake in writing to execute and deliver the form of such CNA Services Agreement from time to time approved by the Corporation in accordance with Section 3.9(c)(vi) and the Prime Vendor; (e) pay to the Corporation the subscription price of $10.00 for each Common Share; and (f) pay to the Corporation the amount of $5,000.00 which shall be a Non- Recoverable Shareholder Contribution by such person to the Corporation. (g) Upon issuance of a Common Share to a Person in compliance with this Section 6.2, such Person shall be deemed to be a Shareholder for all purposes under this Agreement.

Issue of Common Shares. Common Shares shall only be issued on the basis of one Common Share per Person to Persons who: (a) express in writing to the Shareholder’s Board their intention to become Shareholders; (b) demonstrate to the Shareholder’s Board that they have satisfied the Eligibility Criteria for Shareholders; (c) execute and deliver this Agreement or a written counterpart to this Agreement; (d) execute and deliver the CNA Services AgreementAgreements, or undertake in writing to execute and deliver the form of such CNA Services Agreement Agreements from time to time approved by the Corporation in accordance with Section 3.9(c)(vi3.9(a)(vi) and the Prime Vendor; (e) pay to the Corporation the subscription price of $10.00 for each Common Share; and (f) pay to the Corporation the amount of $5,000.00 which shall be a Non- Recoverable Shareholder Contribution by such person to the Corporation. (g) . Upon issuance of a Common Share to a Person in compliance with this Section 6.2, such Person shall be deemed to be a Shareholder for all purposes under this Agreement.