Well, maybe this can clear it up.
The HOA had this in it.
This agreement is governed by the law of Victoria and the parties submit to the exclusive jurisdiction of the courts of that State.
In the interpretation of this agreement:
1.10 Upon ASX listing, Conidi, Simpson, Popovski and Pertile will each have a founder stock beneficial interest in the Company of no less than:
- References to legislation or provisions of legislation include changes or re-enactments of the legislation and statutory instruments and regulations issued under the legislation;
- Words denoting the singular include the plural and vice versa; words denoting individuals or persons include bodies corporate and vice versa; references to documents or agreements also mean those documents or agreement as changed, novated or replaced, and words denoting one gender include all genders;
- Grammatical forms of defined words or phrases have corresponding meanings;
- Parties must perform their obligations on the dates and times fixed by reference to Victoria;
- Reference to an amount of money is a reference to the amount in the lawful currency of the Commonwealth of Australia;
- If the day on or by which anything is to be done is a Saturday, a Sunday or a public holiday in the place in which it is to be done, then it must be done on the next business day;
- References to a party are intended to bind their executors, administrators and permitted transferees; and
- Obligations under this agreement affecting more than one party bind them jointly and each of them severally.
- (a) $1 million in value (ie: number of shares held x IPO share price) or
- (b) 10% shareholding
1.12 Upon listing the Founders being Conidi, Simpson, Popovski and Pertile will have no less than a 40% combined beneficial interest or a combined investment of $4 million in the Company.
Now you say jason had a mine mine mine attitude, yet it has been claimed he just walked away.
Does any of this ring true to you?
Jason got stuck with the rent debt for the company for more than 12 months plus all the other bills that were denied by the creditors trust.
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Well, maybe this can clear it up. The HOA had this in it. This...
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