Common use of Option Holders Clause in Contracts

Option Holders. As noted in the Recitals above, EveryStory has outstanding options to purchase 592,300 shares of EveryStory common stock. Management of EveryStory has communicated with the holders of the Options (the “Optionholders”) relating to the Share Exchange transaction contemplated hereby, and EveryStory management anticipates that the Optionholders will agree that upon their exercise of the Options, they will be entitled to receive shares of KMI common stock on the same Exchange Ratio as received by the Shareholders, all as set forth in the table in Exhibit A.

Appears in 1 contract

Sources: Acquisition and Share Exchange Agreement (Knowledge Machine International, Inc.)

Option Holders. As noted in the Recitals above, EveryStory has outstanding options to purchase 592,300 [600,000] shares of EveryStory common stock. Management of EveryStory has communicated with the holders of the Options (the “Optionholders”) relating to the Share Exchange transaction contemplated hereby, and EveryStory management anticipates that the Optionholders will agree that upon their exercise of the Options, they will be entitled to receive shares of KMI common stock on the same Exchange Ratio as received by the Shareholders, all as set forth in the table in Exhibit A.

Appears in 1 contract

Sources: Acquisition and Share Exchange Agreement (Knowledge Machine International, Inc.)