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A. A subscription for shares entered into before incorporation is irrevocable by the subscriber for a period of six months from the date of the subscription agreement, unless the subscription agreement provides a longer or shorter period or all of the subscribers agree to revocation.
B. The board of directors may determine the payment terms of subscriptions for shares, unless the subscription agreement specifies them. Any call made by the board of directors for payment on subscriptions shall be uniform as far as practicable as to all shares of the same class or series, unless the subscription agreement specifies otherwise.
C. Shares issued pursuant to subscriptions entered into before incorporation shall be fully paid and nonassessable when the corporation receives the consideration specified in the subscription agreement.
D. If a subscriber defaults in the payment of money or property when due under a subscription agreement, the corporation may collect the amount due in the same manner as any other debt. The subscription agreement may prescribe other penalties for failure to pay installments or calls that may become due, except that no penalty working a rescission or forfeiture of a subscription or of the amounts paid on a subscription may be declared as against any subscriber unless the subscriber fails to cure the default within twenty days after the corporation sends written notice of the default to the subscriber at his last known address. Subject to the foregoing, the board of directors may release, settle or compromise, on such terms and conditions as it deems appropriate, any subscription for shares or any dispute or action arising out of a subscription for shares, unless the subscription agreement provides otherwise.
E. A subscription for shares, whether entered into before or after incorporation, is not enforceable unless it is in writing and signed by the party to be charged or his agent.
FILED Deanne Romo CLERK, SUPERIOR COURT 06/16/2023 2:43PM BY: SMAESTAS …
Jun 16, 2023
OPEN
EXHIBIT A | LEGAL DESCRIPTION THE LAND REFERRED TO HEREIN BELOW IS SITUATED IN THE COUNTY OF ' MOHAVE, STATE OF ARIZONA AND IS DESCRIBED AS FOLLOWS: | THE NORTH 1/2 OF THE SOUTHWEST QUARTER OF THE NORTH HALF OF PARCEL 277, AS SHOWN ON ROADWAY EASEMENT PLAT RECORDED MAY 20,1976, AT FEE | NO. 76-14573, RECORDS OF MOHAVE COUNTY, ARIZONA AND BEING A DIVISION | OF THE SOUTHEAST QUARTER OF THE SOUTHEAST QUARTER OF SECTION 10, TOWNSHIP 21 NORTH, RANGE 19 WES…
Clerk of the Superior Court *** Electronically Filed *** M. De La Cruz, Deputy 1/19/2023 4:28:45 PM …
Maricopa County, AZ
Jan 19, 2023
CV
FILED Amy Hunley CLERK, SUPERIOR COURT 06/15/2023 2:57PM BY: CSCHAFFE…
Jun 15, 2023
OPEN
At some om David J Silver rib re y% Jat 3789 N Barbara Drive …
Mar 22, 2024
OPEN
Navajo County, AZ
Mar 22, 2024
C83
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