Common use of Sale of Additional Shares Clause in Contracts

Sale of Additional Shares. The Company shall have authorized the sale to the Smit▇/▇▇▇r▇▇ ▇▇▇up ("SWG"), a Georgia partnership of K. H. ▇▇▇▇▇ ▇▇▇ Jame▇ ▇. ▇▇▇▇▇▇, ▇▇ 1,500,000 shares at a price of $.10 per share and granted to SWG an option to purchase up to an additional 4,500,000 shares on or before April 7, 1997 at a price of $.10 per share.

Appears in 3 contracts

Sources: Stock Purchase Agreement (Warren James V), Stock Purchase Agreement (Smith K H), Stock Purchase Agreement (U S Technologies Inc)