Sale of Subsidiary. Within ten (10) days after the Closing, DAMH shall sell its entire interest in DAMSub to ▇▇▇▇ ▇▇▇▇▇, DAMH’s sole officer and director in exchange of $10.00 and the assumption of liabilities related to the operation of DAM’s business and the cancellation by ▇▇▇▇ ▇▇▇▇▇ of all outstanding obligations of DAMH to the him.
Appears in 2 contracts
Sources: Merger Agreement (Premier Beverage Group Corp), Merger Agreement (Dam Holdings Inc)