Since the essence of stock ownership is that the company recognizes who owns it, the way a company converts a shareholder`s shares is simply by not recognizing its ownership. In Yeaman v. Galveston City Co., the Texas Supreme Court referred to the company`s inability to recognize ownership of one of its founding shareholders as “appropriation” of their shares. There are many ways to ensure that such “ownership” of a shareholder`s stock can manifest itself. The most obvious example would be a case where the applicant is unquestionably recognized as a shareholder and the group wrongly cancels these actions in the company`s accounts. On January 20, 2000, Mr. Jobs was granted the opportunity to acquire 20,000,000 shares of Apple and, on October 19, 2001, an option to acquire 7,500,000 shares (Apple`s “Plan 1998”). Both Mr. Jobs and Apple want to cancel the options in their entirety, and Apple wants to give Mr.
Jobs a limited share premium of 5,000,000 shares of Apple`s common stock. THIS SHARE CANCELLATION AGREEMENT (“Agreement”) will come into force on 16 November, 2020 of and between QUANTA, INC., a Nevada company with an address at 3606 W. Magnolia Blvd., Burbank, CA 91505 (“Pubco”) and Eric Rice, a pubco shareholder,The parties agree to cancel 93,800,000 common shares acquired by Blair Law as a result of the subscription agreement I signed with Goldtown Investments Corp. on April 26. , 2. Limited inventory subsidy. Apple granted Mr. Jobs, at the time of entry into force, a limited distribution of shares of 5,000,000 shares of Apple`s common stock (the “shares”) under the terms and conditions of the 1998 plan 1. Cancellation of options.
Options will be cancelled and apple will be eliminated when it comes into effect. After such a dismissal, Mr. Jobs has no rights to the options. 5. The share trust. Until the release date, the shares are held in the name of the Apple TransferAgent book. Subject to the above conditions, Mr. Jobs has all the rights of a shareholder to these shares as long as they are held in trust, including, but not exclusively, the right to choose the shares and obtain all declared cash dividends.