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PRVT » Topics » Section 4.3 Delivery of Shares by PMG

This excerpt taken from the PRVT 8-K filed Nov 3, 2009.

Section 4.3 Delivery of Shares by PMG

Upon notice from Corporation, Callco or the Holders of any event that requires Corporation or Callco to cause to be delivered PMG Common Stock to the Holders, PMG shall forthwith issue and deliver to the Holders the requisite number of PMG Common Stock, as well as any other part of the Exchangeable Share Consideration to be received by the Holders of the surrendered Exchangeable Shares, as Corporation or Callco shall direct to PMG pursuant to a direction in the form of Exhibit “A” hereto (“Direction”) and as may be required under this Agreement or the Exchangeable Share Provisions, provided that, in the case of a Direction made by the Corporation or Callco, the issuance and delivery of to the Holders PMG Common Stock by PMG shall constitute the payment by PMG of the subscription price for the common shares of the Corporation or Callco, as the case may be, issued by the Corporation or Callco, as the case may be, in consideration for the delivery by PMG of PMG Common Stock to the Holders.

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