The Cargill Depositary Shares will have the same rights and preferences (including the same Conversion Ratio) as the Depositary Shares that will be issued in the Rights Offering.
agrees that it will not amend, waive or modify the Cargill Acknowledgement Letter without the written consent of Greenlight. hereby agrees that it shall not breach, violate or terminate the Cargill Acknowledgment Letter. and certain of its affiliates and Cargill (the “Cargill Settlement Agreement”)) from the proceeds of the Rights Offering and the Concurrent Private Placement, Cargill shall forgive the remaining Payable (as defined in the Cargill Settlement Agreement) in exchange for Depositary Shares in an amount equal to the amount of the remaining Payable, which amount shall be converted into Depositary Shares at a price equal to the average of the volume weighted averages of the trading prices for the prior ten (10) day trading period of the Common Stock, ending on the second trading day immediately preceding the date the Depositary Shares are issued to Cargill (such amount of Depositary Shares, the “Cargill Depositary Shares”). shall be deemed to constitute payment to the Company only to the extent that such payments are actually received by the Company.Ĭorp has entered into an agreement, dated as of Septem(the “Cargill Acknowledgement Letter”) with Cargill, Incorporated and its affiliates (collectively, “Cargill”), which provides that upon payment (the “Cargill Payment”) of $2,800,828 (plus accrued and unpaid interest on such amount as of the date of payment pursuant to the agreement, dated January 14, 2009, by and between BFE Corp. shall be deemed to constitute payment to the Reinsurer and payments by the Reinsurer to Willis Re Inc. Payments by the Company to Willis Re Inc. is hereby recognized as the intermediary negotiating this Contract and through whom all communications, including but not limited to accounts, claim information, funds and inquiries, to the Company or the Reinsurer shall be transmitted.
#Isonics corporation code#
NCL CORPORATION LTD an exempted company incorporated under the laws of Bermuda with its registered office at Park Place, 55 Par-la-Ville Road, Hamilton HM11, Bermuda (the "Guarantor")Ĭorporation, etc The Buyer is a corporation (other than a bank, savings and loan association or similar institution), Massachusetts or similar business trust, partnership, or charitable organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended. S Corporation The Company has not made an election to be taxed as an "S" corporation under Section 1362(a) of the Code. Interpro will operate as a wholly owned subsidiary of Isonics from its current location which includes office, laboratory and pilot plant facilities as well as ample room for expansion. Results for its year ended Decemreflected sales of $2.3 million with revenue for the first calendar quarter of 1998 exceeding $900,000. Interpro, which has been doing business as Colorado Minerals Research Institute, is a contract research, process development, and materials processing operation with 25 employees. It will provide Isonics with in- house processing and manufacturing capabilities for its core-market depleted zinc (DZ) product and for developing enriched isotopes for other applications, including diagnostic breath tests and imaging for the healthcare market. Alexander, the Interpro acquisition is a key element in the Company's expansion strategy.
According to the announcement by Isonics President and CEO James E. The transaction is expected to close within the next month subject to customary closing conditions.
Isonics Corporation (OTC. ISON) announced today that it has signed a definitive agreement to acquire Golden, CO- based International Process Research Corporation (Interpro), a privately held company, in exchange for 354,000 restricted shares of Isonics common stock.
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