Common use of Authority; Non-Contravention; Approvals Clause in Contracts

Authority; Non-Contravention; Approvals. (a) Yuma has the requisite corporate power and authority to enter into this Agreement and, subject to Yuma Shareholder Approval, to perform its obligations hereunder and to consummate the transactions contemplated hereby. The execution and delivery by Yuma of this Agreement, the performance by Yuma of its obligations hereunder, and the consummation by Yuma of the transactions contemplated hereby, have been duly authorized by all necessary corporate action on the part of Yuma, subject only to the approval of the Yuma Shareholder Approval Matters by the shareholders of Yuma. The affirmative vote of the holders of (i) a majority of the outstanding shares of Yuma Common Stock outstanding on the applicable record date and (ii) two-thirds of the outstanding shares of Yuma Series A Preferred Stock outstanding on the applicable record date voting as a separate class (collectively, the “Yuma Shareholder Approval”) is the only vote of the holders of any class or series of Yuma’s Capital Stock necessary to adopt or approve the Yuma Shareholder Approval Matters. There are no bonds, debentures, notes or other indebtedness of Yuma having the right to vote (or convertible into, or exchangeable for, securities having the right to vote) on any matters on which the holders of Yuma Common Stock may vote. This Agreement has been duly executed and delivered by each of the Yuma Entities, and, assuming the due authorization, execution and delivery hereof by the Company, constitutes a valid and legally binding agreement of each of the Yuma Entities, enforceable against the Yuma Entities in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium and similar Laws affecting creditors’ rights and remedies generally, and subject, as to enforceability, to general principles of equity, including principles of commercial reasonableness, good faith and fair dealing (regardless of whether enforcement is sought in a proceeding at Law or in equity). (b) The Yuma Board, by resolutions duly adopted by unanimous vote at a meeting of all directors of Yuma duly called and held and, as of the date hereof, not subsequently rescinded or modified in any way, has, as of the date hereof (i) approved this Agreement, the Reincorporation Merger and the Merger, and determined that this Agreement and the transactions contemplated hereby, including the Reincorporation Merger and the Merger, are fair to, and in the best interests of, Yuma shareholders, and (ii) resolved to recommend that Yuma’s shareholders approve the Yuma Shareholder Approval Matters and directed that such matters be submitted for consideration of the shareholders of Yuma at the Yuma Shareholders’ Meeting. The board of directors of each of Delaware Merger Subsidiary and Merger Subsidiary, at a meeting duly called and held, has unanimously approved this Agreement, the Reincorporation Merger and the Merger, as applicable. Yuma, in its capacity as the sole stockholder of Delaware Merger Subsidiary, hereby approves of this Agreement and the Reincorporation Merger, and Delaware Merger Subsidiary, in its capacity as the sole stockholder of Merger Subsidiary, hereby approves of this Agreement and the Merger. (c) The execution, delivery and performance of this Agreement by each of the Yuma Entities and the consummation of the Reincorporation Merger, the Merger, and the other transactions contemplated hereby do not and will not violate, conflict with or result in a breach of any provision of, or constitute a default (or an event which, with notice or lapse of time or both, would constitute a default) under, or result in the termination of, or accelerate the performance required by, or result in a right of termination or acceleration under, contractually require any offer to purchase or any prepayment of any debt, or result in the creation of any lien, security interest or encumbrance upon any of the properties or assets of Yuma under any of the terms, conditions or provisions of (i) the Governing Documents of any Yuma Company, (ii) subject to compliance with the requirements set forth in clauses (i)-(v) of Section 4.03(d) and obtaining the Yuma Shareholder Approval, any statute, Law, ordinance, rule, regulation, judgment, decree, order, injunction, writ, Permit or license of any court or Governmental Entity applicable to any of the Yuma Companies or any of their respective properties or assets, or (iii) any contract, agreement, commitment or understanding to which any Yuma Company is now a party or by which any of the Yuma Companies or any of their respective properties or assets may be bound or affected, except as provided in Section 4.03 of the Yuma Disclosure Schedule, and other than, in the case of clauses (ii) and (iii) of this Section 4.03(c), such violations, conflicts, breaches, defaults, terminations, accelerations, contractual requirements or creations of liens, security interests or encumbrances that would not reasonably be expected, individually or in the aggregate, to have a Yuma Material Adverse Effect and would not prevent or materially delay the consummation of the Merger. (d) Except for (i) the filing with the SEC of a Registration Statement on Form S-4 under the Securities Act by Yuma, through Delaware Merger Subsidiary, with respect to the transactions contemplated hereby (the “Registration Statement”) and applicable filings pursuant to the Exchange Act, including the filing with the SEC of Yuma’s proxy statement relating to the Yuma Shareholders’ Meeting (the “Proxy Statement/Prospectus”), (ii) the filing of the Certificate of Merger with the Secretary of State in connection with the Merger, (iii) the filing of a Current Report on Form 8-K with the SEC within four (4) Business Days after the execution of this Agreement and within four (4) Business Days of the Closing Date, (iv) filings with the Secretary of State and the secretary of state of the State of California in connection with the Reincorporation Merger, and (v) such approvals as may be required under applicable state securities or “blue sky” Laws or the rules and regulations of the NYSE MKT, and except as provided in Section 4.03 of the Yuma Disclosure Schedule, no declaration, filing or registration with, or notice to, or authorization, consent or approval, ratification or permission of (any of the foregoing being a “Consent”), any Governmental Entity or authority or other Person is necessary under any Yuma Material Contract or otherwise for the execution and delivery of this Agreement by Yuma or Merger Subsidiary or the consummation by Yuma or Merger Subsidiary of the transactions contemplated hereby, other than such Consents which, if not made or obtained, as the case may be, would not reasonably be expected, individually or in the aggregate, to have a Yuma Material Adverse Effect and would not prevent or materially delay the consummation of the Merger. (e) The board of directors of Yuma has approved the Merger and this Agreement and the transactions contemplated hereby and thereby, and such approval is sufficient to render inapplicable to the Merger and this Agreement and the transactions contemplated hereby the anti-takeover provisions of the CCC to the extent, if any, such provisions are applicable to the Merger, this Agreement, and the transactions contemplated hereby and thereby. No other state takeover, control share, fair price or similar statute or regulation applies to or purports to apply to Yuma with respect to the Merger, this Agreement, or the transactions contemplated hereby and thereby.

Appears in 2 contracts

Samples: Merger Agreement (Yuma Energy, Inc.), Agreement and Plan of Merger and Reorganization (Yuma Energy, Inc.)

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Authority; Non-Contravention; Approvals. (a) Yuma The Company has the requisite corporate power and authority to enter into this Agreement and, subject to Yuma Shareholder Approvalthe Company Stockholders’ Approval (as defined below), to perform its obligations hereunder and to consummate the transactions contemplated hereby. The execution and delivery by Yuma the Company of this Agreement, the performance by Yuma the Company of its obligations hereunder, and the consummation by Yuma the Company of the transactions contemplated hereby, have been duly authorized by all necessary corporate action on the part of Yumathe Company, subject only to the approval of the Yuma Shareholder Approval Matters by the shareholders of YumaCompany Stockholders’ Approval. The affirmative vote of the holders of (i) a majority of the outstanding shares of Yuma Common Stock outstanding on the applicable record date and (ii) two-thirds of the outstanding shares of Yuma Series A Preferred Stock outstanding on the applicable record date voting as a separate class (collectively, the “Yuma Shareholder Approval”) is the only vote or approval of the holders of any class or series of Yuma’s Capital capital stock of the Company required for approval of this Agreement or the Merger is the affirmative vote of the (i) holders of a majority of the outstanding shares of Company Common Stock, (ii) holders of 66⅔ of the Series A Preferred Stock necessary voting as a separate class, and (iii) holders of 66⅔ of the Series B Preferred Stock voting as a separate class, entitled to adopt or approve vote thereon (the Yuma Shareholder Approval Matters“Company Stockholders’ Approval”). There are no bonds, debentures, notes or other indebtedness of Yuma the Company having the right to vote (or convertible into, or exchangeable for, securities having the right to vote) on any matters on which the holders of Yuma Common Stock Company Stockholders may vote. This Agreement has been duly executed and delivered by each of the Yuma EntitiesCompany, and, assuming the due authorization, execution and delivery hereof by the CompanyPyramid Entities, constitutes a valid and legally binding agreement of each of the Yuma EntitiesCompany, enforceable against the Yuma Entities Company in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium and similar Laws laws affecting creditors’ rights and remedies generally, and subject, as to enforceability, to general principles of equity, including principles of commercial reasonableness, good faith and fair dealing (regardless of whether enforcement is sought in a proceeding at Law law or in equity). (b) The Yuma BoardCompany’s Board of Directors, by resolutions duly adopted by unanimous vote at a meeting of all directors of Yuma the Company duly called and held and, as of the date hereof, not subsequently rescinded or modified in any way, has, as of the date hereof (i) approved this Agreement, the Reincorporation Merger Agreement and the Merger, and determined that this Agreement and the transactions contemplated hereby, including the Reincorporation Merger and the Merger, are fair to, and in the best interests of, Yuma shareholdersthe Company’s stockholders, and (ii) resolved to recommend that Yumathe Company’s shareholders approve the Yuma Shareholder Approval Matters and directed that such matters be submitted for consideration of the shareholders of Yuma at the Yuma Shareholders’ Meeting. The board of directors of each of Delaware Merger Subsidiary and Merger Subsidiary, at a meeting duly called and held, has unanimously approved this Agreement, the Reincorporation Merger and the Merger, as applicable. Yuma, in its capacity as the sole stockholder of Delaware Merger Subsidiary, hereby approves of stockholders adopt this Agreement and the Reincorporation Merger, and Delaware Merger Subsidiary, in its capacity as the sole stockholder of Merger Subsidiary, hereby approves of this Agreement and approve the Merger. (c) The Except as set forth in Section 6.03(c) of the Company Disclosure Schedule, the execution, delivery and performance of this Agreement by each of the Yuma Entities Company and the consummation of the Reincorporation Merger, the Merger, Merger and the other transactions contemplated hereby do not and will not violate, conflict with or result in a breach of any provision of, or constitute a default (or an event which, with notice or lapse of time or both, would constitute a default) under, or result in the termination of, or accelerate the performance required by, or result in a right of termination or acceleration under, contractually require any offer to purchase or any prepayment of any debt, or result in the creation of any lien, security interest or encumbrance upon any of the properties or assets of Yuma the Company under any of the terms, conditions or provisions of (i) the Governing Documents certificate of any Yuma incorporation or the bylaws of the Company, (ii) subject to compliance with the requirements set forth in clauses (i)-(vi)-(iv) of Section 4.03(d6.03(d) and obtaining the Yuma Shareholder Company Stockholders’ Approval, any statute, Lawlaw, ordinance, rule, regulation, judgment, decree, order, injunction, writ, Permit permit or license of any court or Governmental Entity governmental authority applicable to any of the Yuma Companies Company or any of their respective its properties or assets, or (iii) any contract, agreement, commitment or understanding contract to which any Yuma the Company is now a party or by which any of the Yuma Companies Company or any of their respective its properties or assets may be bound or affected, except as provided in Section 4.03 of the Yuma Disclosure Schedule, and other than, in the case of clauses (ii) and (iii) of this Section 4.03(c6.03(c), such violations, conflicts, breaches, defaults, terminations, accelerations, contractual requirements or creations of liens, security interests or encumbrances that would not reasonably be expected, individually or in the aggregate, to have a Yuma Company Material Adverse Effect and would not prevent or materially delay the consummation of the Merger. (d) Except for (i) the filing with the SEC of a Registration Statement on Form S-4 under the Securities Act by Yuma, through Delaware Merger Subsidiary, with respect to the transactions contemplated hereby (the “Registration Statement”) and applicable filings pursuant to the Exchange Act, including the filing with the SEC of Yuma’s proxy statement relating to the Yuma Shareholders’ Meeting (the “Proxy Statement/Prospectus”), (ii) the filing of the Certificate of Merger with the Secretary of State in connection with the Merger, (iii) the filing of a Current Report on Form 8-K with the SEC within four (4) Business Days after the execution of this Agreement and within four (4) Business Days of the Closing Date, (iv) filings with the Secretary of State and the secretary of state of the State of California in connection with the Reincorporation Merger, and (v) such approvals as may be required under applicable state securities or “blue sky” Laws laws or the rules and regulations of the NYSE MKT, and except as provided in Section 4.03 of (iv) the Yuma Disclosure Schedulecredit facility administered by Société Générale, no declaration, filing or registration with, or notice to, or authorization, consent or approval, ratification or permission of (any of the foregoing being a “Consent”)Consent of, any Governmental Entity governmental or regulatory body or authority or other Person person is necessary under any Yuma Company Material Contract (as defined in Section 6.10(a)) or otherwise for the execution and delivery of this Agreement by Yuma or Merger Subsidiary the Company or the consummation by Yuma or Merger Subsidiary the Company of the transactions contemplated hereby, other than such Consents which, if not made or obtained, as the case may be, would not reasonably be expected, individually or in the aggregate, to have a Yuma Company Material Adverse Effect and would not prevent or materially delay the consummation of the Merger. (e) The board Board of directors Directors of Yuma the Company has approved the Merger and Merger, this Agreement and the transactions contemplated hereby and therebyhereby, and such approval is sufficient to render inapplicable to the Merger and Merger, this Agreement and the transactions contemplated hereby the anti-takeover provisions of the CCC Section 203 of DGCL to the extent, if any, such provisions are section is applicable to the Merger, this Agreement, and the transactions contemplated hereby and therebyhereby. No other state takeover, takeover control share, fair price or similar statute or regulation applies to or purports to apply to Yuma the Company with respect to the Merger, this Agreement, Agreement or the transactions contemplated hereby and thereby.

Appears in 2 contracts

Samples: Merger Agreement (Pyramid Oil Co), Merger Agreement (Pyramid Oil Co)

Authority; Non-Contravention; Approvals. (a) Yuma The Company has the requisite corporate power and authority to enter into this Agreement and, subject to Yuma Shareholder the Company Stockholders’ Approval, to perform its obligations hereunder and to consummate the transactions contemplated hereby. The execution and delivery by Yuma the Company of this Agreement, the performance by Yuma the Company of its obligations hereunder, and the consummation by Yuma the Company of the transactions contemplated hereby, have been duly authorized by all necessary corporate action on the part of Yumathe Company, subject only to the approval of the Yuma Shareholder Approval Matters by the shareholders of YumaCompany Stockholders’ Approval. The affirmative vote of the holders of (i) a majority of the outstanding shares of Yuma Common Stock outstanding on the applicable record date and (ii) two-thirds of the outstanding shares of Yuma Series A Preferred Stock outstanding on the applicable record date voting as a separate class (collectively, the “Yuma Shareholder Approval”) is the only vote or approval of the holders of any class or series of Yuma’s Capital Stock necessary of the Company required for approval of this Agreement or the Merger is the affirmative vote of the (i) holders of a majority of the outstanding shares of Company Common Stock, and (ii) holders of two-thirds of the Company Preferred Stock voting as a separate class, entitled to adopt or approve vote thereon (the Yuma Shareholder Approval Matters“Company Stockholders’ Approval”). There are no bonds, debentures, notes or other indebtedness of Yuma the Company having the right to vote (or convertible into, or exchangeable for, securities having the right to vote) on any matters on which the holders of Yuma Common Stock Company Stockholders may vote. This Agreement has been duly executed and delivered by each of the Yuma EntitiesCompany, and, assuming the due authorization, execution and delivery hereof by the CompanyYuma Entities, constitutes a valid and legally binding agreement of each of the Yuma EntitiesCompany, enforceable against the Yuma Entities Company in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium and similar Laws affecting creditors’ rights and remedies generally, and subject, as to enforceability, to general principles of equity, including principles of commercial reasonableness, good faith and fair dealing (regardless of whether enforcement is sought in a proceeding at Law or in equity). (b) The Yuma Company Board, by resolutions duly adopted by unanimous vote at a meeting of all directors of Yuma the Company duly called and held and, as of the date hereof, not subsequently rescinded or modified in any way, has, as of the date hereof (i) approved this Agreement, the Reincorporation Merger Agreement and the Merger, and determined that this Agreement and the transactions contemplated hereby, including the Reincorporation Merger and the Merger, are fair to, and in the best interests of, Yuma shareholdersthe Company’s stockholders, and (ii) resolved to recommend that Yumathe Company’s shareholders approve the Yuma Shareholder Approval Matters and directed that such matters be submitted for consideration of the shareholders of Yuma at the Yuma Shareholders’ Meeting. The board of directors of each of Delaware Merger Subsidiary and Merger Subsidiary, at a meeting duly called and held, has unanimously approved this Agreement, the Reincorporation Merger and the Merger, as applicable. Yuma, in its capacity as the sole stockholder of Delaware Merger Subsidiary, hereby approves of stockholders adopt this Agreement and the Reincorporation Merger, and Delaware Merger Subsidiary, in its capacity as the sole stockholder of Merger Subsidiary, hereby approves of this Agreement and approve the Merger. (c) The Except as set forth in Section 5.03(c) of the Company Disclosure Schedule, the execution, delivery and performance of this Agreement by each of the Yuma Entities Company and the consummation of the Reincorporation Merger, the Merger, Merger and the other transactions contemplated hereby do not and will not violate, conflict with or result in a breach of any provision of, or constitute a default (or an event which, with notice or lapse of time or both, would constitute a default) under, or result in the termination of, or accelerate the performance required by, or result in a right of termination or acceleration under, contractually require any offer to purchase or any prepayment of any debt, or result in the creation of any lien, security interest or encumbrance upon any of the properties or assets of Yuma the Company under any of the terms, conditions or provisions of (i) the Governing Documents of any Yuma DPAC Company, (ii) subject to compliance with the requirements set forth in clauses (i)-(vi)-(iv) of Section 4.03(d5.03(d) and obtaining the Yuma Shareholder Company Stockholders’ Approval, any statute, Law, ordinance, rule, regulation, judgment, decree, order, injunction, writ, Permit or license of any court or Governmental Entity applicable to any of the Yuma DPAC Companies or any of their respective properties or assets, or (iii) any contract, agreement, commitment or understanding to which any Yuma the Company is now a party or by which any of the Yuma Companies Company or any of their respective its properties or assets may be bound or affected, except as provided in Section 4.03 of the Yuma Disclosure Schedule, and other than, in the case of clauses (ii) and (iii) of this Section 4.03(c5.03(c), such violations, conflicts, breaches, defaults, terminations, accelerations, contractual requirements or creations of liens, security interests or encumbrances that would not reasonably be expected, individually or in the aggregate, to have a Yuma Company Material Adverse Effect and would not prevent or materially delay the consummation of the Merger. (d) Except for (i) the filing with the SEC of a Registration Statement on Form S-4 under the Securities Act by Yuma, through Delaware Merger Subsidiary, with respect to the transactions contemplated hereby (the “Registration Statement”) and applicable filings pursuant to the Exchange Act, including the filing with the SEC of Yuma’s proxy statement relating to the Yuma Shareholders’ Meeting (the “Proxy Statement/Prospectus”), (ii) the filing of the Certificate of Merger with the Secretary of State in connection with the Merger, Merger and (iii) the filing of a Current Report on Form 8-K with the SEC within four (4) Business Days after the execution of this Agreement and within four (4) Business Days of the Closing Date, (iv) filings with the Secretary of State and the secretary of state of the State of California in connection with the Reincorporation Merger, and (v) such approvals as may be required under applicable state securities or “blue sky” Laws or the rules and regulations of the NYSE MKT, and except as provided in Section 4.03 5.03 of the Yuma Company Disclosure Schedule, no declaration, filing or registration with, or notice to, or authorization, consent or approval, ratification or permission of (any of the foregoing being a “Consent”)Consent of, any Governmental Entity or authority or other Person is necessary under any Yuma Company Material Contract or otherwise for the execution and delivery of this Agreement by Yuma or Merger Subsidiary the Company or the consummation by Yuma or Merger Subsidiary the Company of the transactions contemplated hereby, other than such Consents which, if not made or obtained, as the case may be, would not reasonably be expected, individually or in the aggregate, to have a Yuma Company Material Adverse Effect and would not prevent or materially delay the consummation of the Merger. (e) The board of directors of Yuma Company Board has approved the Merger and Merger, this Agreement and the transactions contemplated hereby and thereby, and such approval is sufficient to render inapplicable to the Merger and Merger, this Agreement and the transactions contemplated hereby the anti-takeover provisions of the CCC Section 203 of DGCL to the extent, if any, such provisions are section is applicable to the Merger, this Agreement, and the transactions contemplated hereby and thereby. No other state takeover, takeover control share, fair price or similar statute or regulation applies to or purports to apply to Yuma the Company with respect to the Merger, this Agreement, Agreement or the transactions contemplated hereby and thereby.

Appears in 2 contracts

Samples: Merger Agreement (Yuma Energy, Inc.), Agreement and Plan of Merger and Reorganization (Yuma Energy, Inc.)

Authority; Non-Contravention; Approvals. (a) Yuma Parent has the requisite corporate power and authority to enter into this Agreement and each other agreement, document, instrument or certificate contemplated by this Agreement to be executed by Acquiring Companies in connection with the Transactions (the “Parent Documents”) and, subject to Yuma Shareholder Parent Stockholder Approval, to perform its obligations hereunder and to consummate the transactions contemplated herebyTransactions. The execution and delivery by Yuma Parent of this AgreementAgreement and the Parent Documents, the performance by Yuma Parent of its obligations hereunder, hereunder and the consummation by Yuma Parent of the transactions contemplated hereby, Transactions have been duly authorized by all necessary corporate action on the part of YumaParent and Merger Sub, subject only to Parent Stockholder Approval, to adoption of this Agreement by Parent as sole stockholder of Merger Sub immediately following the approval execution hereof, the filing and recordation of a certificate of amendment reflecting the matters contemplated pursuant to Section 1.04(c) (the “Parent Charter Amendment”) and the filing and recordation of the Yuma Shareholder Approval Matters by the shareholders Certificate of YumaMerger pursuant to Delaware Law. The affirmative vote of the holders of (i) a majority in voting power of the outstanding shares of Yuma Parent Common Stock outstanding on the applicable record date and (ii) two-thirds of the outstanding shares of Yuma Series A Preferred Stock outstanding on the applicable record date voting as a separate class (collectively, the Yuma Shareholder Parent Stockholder Approval”) is the only vote of the holders of any class or series of Yuma’s Capital Parent Common Stock necessary to adopt or approve the Yuma Shareholder Approval Matters. There are no bonds, debentures, notes or other indebtedness of Yuma having the right to vote (or convertible into, or exchangeable for, securities having the right to vote) on any matters on which the holders of Yuma Common Stock may voteTellenger Sale and Parent Charter Amendment. This Agreement has been been, and the Parent Documents will be at or prior to the Closing, duly executed and delivered by each of the Yuma EntitiesParent and Merger Sub, as applicable, and, assuming the due authorization, execution and delivery hereof of this Agreement by the Company, constitutes a this Agreement constitutes, and the Parent Documents when so executed and delivered will constitute, the valid and legally binding agreement obligation of each of the Yuma EntitiesParent and Merger Sub, as applicable, enforceable against the Yuma Entities in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium except as enforceability may be limited by bankruptcy and other similar Laws affecting creditors’ rights laws and remedies generally, and subject, as to enforceability, to general principles of equity, including principles of commercial reasonableness, good faith and fair dealing (regardless of whether enforcement is sought in a proceeding at Law or in equity). (b) The Yuma Parent Board, by resolutions duly adopted by unanimous a vote at a meeting of all directors of Yuma Parent duly called and held held, or by unanimous written Consent of the Parent Board, and, as of the date hereofof this Agreement, not subsequently rescinded or modified in any way, has, as of the date hereof of this Agreement (i) approved this Agreement, the Reincorporation Merger Parent Documents and the Merger, and determined that this Agreement Agreement, the Parent Documents and the transactions contemplated herebyTransactions, including the Reincorporation Merger and the Merger, are fair to, and in the best interests of, Yuma shareholdersof Parent’s stockholders, and (ii) resolved to recommend that YumaParent’s shareholders stockholders approve the Yuma Shareholder Parent Stockholder Approval Matters and directed that such matters be submitted for consideration of the shareholders stockholders of Yuma Parent at the Yuma ShareholdersParent Stockholders’ Meeting. The board of directors of each of Delaware Merger Subsidiary Sub has approved and Merger Subsidiary, at a meeting duly called and held, has unanimously approved this Agreement, the Reincorporation Merger and the Merger, as applicable. Yuma, in its capacity as the sole stockholder of Delaware Merger Subsidiary, hereby approves of declared advisable this Agreement and the Reincorporation MergerMerger and submitted this Agreement to Parent, and Delaware Merger Subsidiaryas its sole stockholder for adoption thereby. Immediately following the execution of this Agreement, Parent in its capacity as the sole stockholder of Merger SubsidiarySub, hereby approves of shall execute a written Consent adopting this Agreement and the Mergerrelevant Parent Documents. (c) The executionexecution and delivery of this Agreement and the Parent Documents by Parent and Merger Sub, delivery as applicable, does not, and the performance of this Agreement by each of the Yuma Entities and the consummation of the Reincorporation MergerParent Documents by Parent or Merger Sub, the Mergeras applicable, and the other transactions contemplated hereby do not and will not violatenot, (i) conflict with or result in a breach violate the certificate of incorporation or bylaws of any provision of, or constitute a default (or an event which, with notice or lapse of time or both, would constitute a default) under, or result in the termination of, or accelerate the performance required by, or result in a right of termination or acceleration under, contractually require any offer to purchase or any prepayment of any debt, or result in the creation of any lien, security interest or encumbrance upon any of the properties or assets of Yuma under any of the terms, conditions or provisions of (i) the Governing Documents of any Yuma Acquiring Company, (ii) subject to obtaining Parent Stockholder Approval and compliance with the requirements set forth in clauses (i)-(vSection 3.03(d) of Section 4.03(d) and obtaining the Yuma Shareholder Approvalbelow, conflict with or violate any statuteLegal Requirement, LawOrder, ordinance, rule, regulation, judgment, decree, order, injunction, writ, Permit judgment or license of any court or Governmental Entity decree applicable to any of the Yuma Companies Acquiring Company or any of by which their respective properties or assets, or (iii) any contract, agreement, commitment or understanding to which any Yuma Company is now a party or by which any of the Yuma Companies or any of their respective properties or assets may be are bound or affected, except as provided in Section 4.03 of the Yuma Disclosure Schedule, and other than, in the case of clauses (ii) and (iii) of this Section 4.03(c), for any such violations, conflicts, breaches, defaults, terminations, accelerations, contractual requirements conflicts or creations of liens, security interests or encumbrances violations that would not reasonably be expected, individually or in the aggregate, to have a Yuma Parent Material Adverse Effect and or would not prevent or materially delay the consummation of the Merger, (iii) require an Acquiring Company to make any filing with or give any notice to or obtain any Consent from a Person pursuant to any Parent Contract, result in any breach of or constitute a default (or an event that with notice or lapse of time or both would become a default) under, or impair Parent’s rights or alter the rights or obligations of any third party under, or give to others any rights of termination, amendment, acceleration or cancellation of, or result in the creation of a lien or Encumbrance on any of the properties or assets of Parent pursuant to, any Parent Contract or (iv) result in the creation of any Encumbrance (other than Permitted Liens) on any of the properties or assets of any Acquiring Company, except as would not, individually or in the aggregate, have a Parent Material Adverse Effect or prevent or materially delay the Merger. (d) Except No Consent, approval, Order or authorization of, or registration, declaration or filing with any Governmental Body is required by or with respect to Parent in connection with the execution and delivery of this Agreement, the Parent Documents or the consummation of the Transactions, except for (i) the filing with the SEC of a Registration Statement on Form S-4 any outstanding periodic reports due under the Securities Act by Yuma, through Delaware Merger Subsidiary, with respect to the transactions contemplated hereby (the “Registration Statement”) and applicable filings pursuant to the Exchange Act, including the filing with the SEC of Yuma’s proxy statement relating to the Yuma Shareholders’ Meeting (the “Proxy Statement/Prospectus”), (ii) the filing of the Certificate of Merger with the Secretary of State in connection with of the MergerState of Delaware, (iii) the filing of a the S-4 Registration Statement and the Proxy Statement/Prospectus with the SEC in accordance with the Exchange Act, (iv) the filing of Current Report Reports on Form 8-K with the SEC within four (4) Business Days after the execution of this Agreement and within four (4) Business Days of the Closing Date, (ivv) filings the filing of the Parent Charter Amendment with the Secretary of State and the secretary of state of the State of California Delaware in connection accordance with the Reincorporation MergerSection 5.15, and (vvi) such Consents, Orders, registrations, declarations, filings or approvals as may be required under applicable federal or state securities or “blue sky” Laws laws or the rules and regulations of the NYSE MKT, and except as provided in Section 4.03 of the Yuma Disclosure Schedule, no declaration, filing or registration with, or notice to, or authorization, consent or approval, ratification or permission of (any of the foregoing being a “Consent”), any Governmental Entity or authority Nasdaq or other Person is necessary under any Yuma Material Contract applicable national securities exchange or otherwise for the execution over-the-counter market and delivery of this Agreement by Yuma or Merger Subsidiary or the consummation by Yuma or Merger Subsidiary of the transactions contemplated hereby, other than (vii) such Consents whichas may be required under the Antitrust Laws, if not made or obtained, as the in any case may be, would not reasonably be expected, individually or in the aggregate, to have a Yuma Material Adverse Effect and would not prevent or materially delay the consummation of the Merger. (e) The board of directors of Yuma has approved the Merger and this Agreement and the transactions contemplated hereby and thereby, and such approval is sufficient to render inapplicable to the Merger and this Agreement and the transactions contemplated hereby the anti-takeover provisions of the CCC to the extent, if any, such provisions that are applicable to the Merger, transactions contemplated by this Agreement, and the transactions contemplated hereby and thereby. No other state takeover, control share, fair price or similar statute or regulation applies to or purports to apply to Yuma with respect to the Merger, this Agreement, or the transactions contemplated hereby and thereby.

Appears in 1 contract

Samples: Merger Agreement (Wavedancer, Inc.)

Authority; Non-Contravention; Approvals. (a) Yuma Parent has the requisite corporate power and authority to enter into this Agreement and, subject to Yuma Shareholder Parent Stockholder Approval, to perform its obligations hereunder and to consummate the transactions contemplated hereby. The execution and delivery by Yuma Parent of this Agreement, the performance by Yuma Parent of its obligations hereunder, hereunder and the consummation by Yuma Parent of the transactions contemplated hereby, hereby have been duly authorized by all necessary corporate action on the part of YumaParent and Merger Sub, subject only to Parent Stockholder Approval, to adoption of this Agreement by Parent as sole stockholder of Merger Sub immediately following the approval execution hereof, and the filing and recordation of the Yuma Shareholder Approval Matters by the shareholders Certificate of YumaMerger pursuant to Delaware Law. The affirmative vote of the holders of (i) a majority in voting power of the outstanding shares of Yuma Parent Common Stock outstanding on the applicable record date and (ii) two-thirds of the outstanding shares of Yuma Series A Preferred Stock outstanding on the applicable record date voting as a separate class (collectively, the Yuma Shareholder Parent Stockholder Approval”) is the only vote of the holders of any class or series of Yuma’s Parent Capital Stock necessary to adopt or approve the Yuma Shareholder Parent Stockholder Approval Matters. There are no bonds, debentures, notes or other indebtedness of Yuma having the right to vote (or convertible into, or exchangeable for, securities having the right to vote) on any matters on which the holders of Yuma Common Stock may vote. This Agreement has been duly executed and delivered by each of the Yuma Entities, Parent and Merger Sub and, assuming the due authorization, execution and delivery hereof of this Agreement by the Company, this Agreement constitutes a the valid and legally binding agreement obligation of each of the Yuma EntitiesParent and Merger Sub, enforceable against the Yuma Entities in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium except as enforceability may be limited by bankruptcy and other similar Laws affecting creditors’ rights laws and remedies generally, and subject, as to enforceability, to general principles of equity, including principles of commercial reasonableness, good faith and fair dealing (regardless of whether enforcement is sought in a proceeding at Law or in equity). (b) The Yuma BoardParent’s board of directors, by resolutions duly adopted by unanimous vote at a meeting of all directors of Yuma Parent duly called and held and, as of the date hereofof this Agreement, not subsequently rescinded or modified in any way, has, as of the date hereof of this Agreement (i) approved this Agreement, the Reincorporation Merger Agreement and the Merger, and determined that this Agreement and the transactions contemplated herebyby this Agreement, including the Reincorporation Merger and the Merger, are fair to, and in the best interests of, Yuma shareholdersof Parent’s stockholders, and (ii) resolved to recommend that YumaParent’s shareholders stockholders approve the Yuma Shareholder Parent Stockholder Approval Matters and directed that such matters be submitted for consideration of the shareholders stockholders of Yuma Parent at the Yuma ShareholdersParent Stockholders’ Meeting. The board of directors of each of Delaware Merger Subsidiary and Merger SubsidiarySub, at a meeting duly called and held, has unanimously approved this Agreement, the Reincorporation Merger and the Merger, as applicable. Yuma, in its capacity as the sole stockholder of Delaware Merger Subsidiary, hereby approves of declared advisable this Agreement and the Reincorporation MergerMerger and submitted this Agreement to Parent, and Delaware Merger Subsidiaryas its sole stockholder for adoption thereby. Immediately following the execution of this Agreement, Parent in its capacity as the sole stockholder of Merger SubsidiarySub, hereby approves of shall execute a written consent adopting this Agreement and the MergerAgreement. (c) The executionexecution and delivery of this Agreement by Parent and Merger Sub does not, delivery and the performance of this Agreement by each of the Yuma Entities and the consummation of the Reincorporation MergerParent or Merger Sub will not, the Merger, and the other transactions contemplated hereby do not and will not violate, (i) conflict with or result in a breach violate the certificate of any provision of, incorporation or constitute a default (bylaws of Parent or an event which, with notice or lapse of time or both, would constitute a default) under, or result in the termination of, or accelerate the performance required by, or result in a right of termination or acceleration under, contractually require any offer to purchase or any prepayment of any debt, or result in the creation of any lien, security interest or encumbrance upon any of the properties or assets of Yuma under any of the terms, conditions or provisions of (i) the Governing Documents of any Yuma CompanyMerger Sub, (ii) subject to obtaining Parent Stockholder Approval and compliance with the requirements set forth in clauses (i)-(vSection 3.3(d) of Section 4.03(d) and obtaining the Yuma Shareholder Approvalbelow, conflict with or violate any statute, Law, ordinance, rule, regulation, judgment, decreeLegal Requirement, order, injunction, writ, Permit judgment or license of any court or Governmental Entity decree applicable to any of the Yuma Companies Parent or any of Merger Sub or by which their respective properties or assets, or (iii) any contract, agreement, commitment or understanding to which any Yuma Company is now a party or by which any of the Yuma Companies or any of their respective properties or assets may be are bound or affected, except as provided in Section 4.03 of the Yuma Disclosure Schedule, and other than, in the case of clauses (ii) and (iii) of this Section 4.03(c), for any such violations, conflicts, breaches, defaults, terminations, accelerations, contractual requirements conflicts or creations of liens, security interests or encumbrances violations that would not reasonably be expected, individually or in the aggregate, to have a Yuma Parent Material Adverse Effect and or would not prevent or materially delay the consummation of the Merger, or (iii) require an Acquiring Company to make any filing with or give any notice to or obtain any Consent from a Person pursuant to any Parent Contract, result in any breach of or constitute a default (or an event that with notice or lapse of time or both would become a default) under, or impair Parent’s rights or alter the rights or obligations of any third party under, or give to others any rights of termination, amendment, acceleration or cancellation of, or result in the creation of a lien or encumbrance on any of the properties or assets of Parent pursuant to, any Parent Contract. (d) Except No consent, approval, order or authorization of, or registration, declaration or filing with any Governmental Body is required by or with respect to Parent in connection with the execution and delivery of this Agreement or the consummation of the transactions contemplated hereby, except for (i) the filing with the SEC of a Registration Statement on Form S-4 any outstanding periodic reports due under the Securities Act by Yuma, through Delaware Merger Subsidiary, with respect to the transactions contemplated hereby (the “Registration Statement”) and applicable filings pursuant to the Exchange Act, including (ii) the filing of the Registration Statement with the SEC of Yuma’s proxy statement relating to in accordance with the Yuma Shareholders’ Meeting (the “Proxy Statement/Prospectus”)Securities Act, (iiiii) the filing of the Certificate of Merger with the Secretary of State in connection with of the MergerState of Delaware, (iiiiv) the filing of a the Proxy Statement/Prospectus/Information Statement with the SEC in accordance with the Exchange Act, (v) the filing of Current Report Reports on Form 8-K with the SEC within four (4) Business Days business days after the execution of this Agreement and within four (4) Business Days of the Closing Date, (ivvi) filings the filing of the Parent Certificate of Amendment with the Secretary of State and the secretary of state of the State of California Delaware in connection accordance with the Reincorporation MergerSection 5.16, and (vvii) such approvals as may be required under applicable state securities or “blue sky” Laws laws or the rules and regulations of the NYSE MKT, and except as provided in Section 4.03 of the Yuma Disclosure Schedule, no declaration, filing or registration with, or notice to, or authorization, consent or approval, ratification or permission of (any of the foregoing being a “Consent”), any Governmental Entity or authority or other Person is necessary under any Yuma Material Contract or otherwise for the execution and delivery of this Agreement by Yuma or Merger Subsidiary or the consummation by Yuma or Merger Subsidiary of the transactions contemplated hereby, other than such Consents which, if not made or obtained, as the case may be, would not reasonably be expected, individually or in the aggregate, to have a Yuma Material Adverse Effect and would not prevent or materially delay the consummation of the MergerThe NASDAQ Stock Market. (e) The board of directors of Yuma has approved the Merger and this Agreement and the transactions contemplated hereby and thereby, and such approval is sufficient to render inapplicable to the Merger and this Agreement and the transactions contemplated hereby the anti-takeover provisions of the CCC to the extent, if any, such provisions are applicable to the Merger, this Agreement, and the transactions contemplated hereby and thereby. No other state takeover, control share, fair price or similar statute or regulation applies to or purports to apply to Yuma with respect to the Merger, this Agreement, or the transactions contemplated hereby and thereby.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Neothetics, Inc.)

Authority; Non-Contravention; Approvals. (a) Yuma Parent has the requisite corporate power and authority to enter into this Agreement and, subject to Yuma Shareholder Approvalthe Parent Written Consent, to perform its obligations hereunder and to consummate the transactions contemplated hereby. The execution and delivery by Yuma Parent of this Agreement, the performance by Yuma Parent of its obligations hereunder, hereunder and the consummation by Yuma Parent of the transactions contemplated hereby, hereby have been duly authorized by all necessary corporate action on the part of YumaParent and Merger Sub, subject only to the approval Parent Written Consent, to adoption of this Agreement by Parent as sole stockholder of Merger Sub immediately following the execution hereof, and the filing and recordation of the Yuma Shareholder Approval Matters by the shareholders Certificate of YumaMerger pursuant to Delaware Law. The affirmative vote of the holders of (i) a majority in voting power of the outstanding shares of Yuma Parent Common Stock outstanding on the applicable record date and (ii) two-thirds of the outstanding shares of Yuma Series A Preferred Stock outstanding on the applicable record date voting as a separate class (collectively, the Yuma Shareholder ApprovalParent Requisite Vote”) is the only vote of the holders of any class or series of Yuma’s Parent Capital Stock necessary to adopt or approve the Yuma Shareholder Approval Matters. There are no bonds, debentures, notes or other indebtedness of Yuma having matters set forth in the right to vote (or convertible into, or exchangeable for, securities having the right to vote) on any matters on which the holders of Yuma Common Stock may voteParent Written Consent. This Agreement has been duly executed and delivered by each of the Yuma Entities, Parent and Merger Sub and, assuming the due authorization, execution and delivery hereof of this Agreement by the Company, Company this Agreement constitutes a the valid and legally binding agreement obligation of each of the Yuma EntitiesParent and Merger Sub, enforceable against the Yuma Entities in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium except as enforceability may be limited by bankruptcy and other similar Laws affecting creditors’ rights laws and remedies generally, and subject, as to enforceability, to general principles of equity, including principles of commercial reasonableness, good faith and fair dealing (regardless of whether enforcement is sought in a proceeding at Law or in equity). (b) The Yuma BoardParent’s board of directors, by resolutions duly adopted by unanimous vote at a meeting the written consent of all directors of Yuma duly called and held Parent’s sole director and, as of the date hereofof this Agreement, not subsequently rescinded or modified in any way, has, as of the date hereof of this Agreement (i) approved this Agreement, the Reincorporation Merger Agreement and the Merger, and determined that this Agreement and the transactions contemplated herebyby this Agreement, including the Reincorporation Merger and the Merger, are fair to, and in the best interests of, Yuma shareholdersof Parent’s stockholders, and (ii) resolved to recommend that YumaParent’s shareholders stockholders approve the Yuma Shareholder Approval Matters and directed that such matters be submitted for consideration of the shareholders of Yuma at the Yuma Shareholders’ MeetingParent Written Consent. The board of directors of each Merger Sub, by resolutions duly adopted by the written consent of Delaware Merger Subsidiary and Merger SubsidiarySub’s sole director and, at a meeting duly called and held, has unanimously approved as of the date of this Agreement, the Reincorporation Merger not subsequently rescinded or modified in any way, has approved and the Merger, as applicable. Yuma, in its capacity as the sole stockholder of Delaware Merger Subsidiary, hereby approves of declared advisable this Agreement and the Reincorporation MergerMerger and submitted this Agreement to Parent, and Delaware Merger Subsidiaryas its sole stockholder for adoption thereby. Immediately following the execution of this Agreement, Parent in its capacity as the sole stockholder of Merger SubsidiarySub, hereby approves of shall execute a written consent adopting this Agreement and the MergerAgreement. (c) The executionexecution and delivery of this Agreement by Parent and Merger Sub does not, delivery and the performance of this Agreement by each Parent or Merger Sub will not, (i) conflict with or violate the certificate of incorporation or bylaws of Parent or Merger Sub, (ii) subject to obtaining Parent Written Consent and compliance with the Yuma Entities and the consummation of the Reincorporation Merger, the Merger, and the other transactions contemplated hereby do not and will not violaterequirements set forth in Section 3.3(d) below, conflict with or violate any Legal Requirement or Order applicable to Parent or Merger Sub or by which their respective properties are bound or affected, or (iii) require an Acquiring Company to make any filing with or give any notice to or obtain any consent from a Person pursuant to any Parent Contract, result in a any breach of any provision of, or constitute a default (or an event which, that with notice or lapse of time or both, both would constitute become a default) under, or result in impair Parent’s rights or alter the termination ofrights or obligations of any third party under, or accelerate the performance required bygive to others any rights of termination, amendment, acceleration or result in a right of termination or acceleration under, contractually require any offer to purchase or any prepayment of any debtcancellation of, or result in the creation of any lien, security interest or encumbrance upon an Encumbrance on any of the properties or assets of Yuma under any of the terms, conditions or provisions of (i) the Governing Documents of any Yuma Company, (ii) subject to compliance with the requirements set forth in clauses (i)-(v) of Section 4.03(d) and obtaining the Yuma Shareholder ApprovalParent pursuant to, any statute, Law, ordinance, rule, regulation, judgment, decree, order, injunction, writ, Permit or license of any court or Governmental Entity applicable to any of the Yuma Companies or any of their respective properties or assets, or (iii) any contract, agreement, commitment or understanding to which any Yuma Company is now a party or by which any of the Yuma Companies or any of their respective properties or assets may be bound or affected, except as provided in Section 4.03 of the Yuma Disclosure Schedule, and other than, in the case of clauses (ii) and (iii) of this Section 4.03(c), such violations, conflicts, breaches, defaults, terminations, accelerations, contractual requirements or creations of liens, security interests or encumbrances that would not reasonably be expected, individually or in the aggregate, to have a Yuma Material Adverse Effect and would not prevent or materially delay the consummation of the MergerParent Contract. (d) Except No consent, approval, Order or authorization of, or registration, declaration or filing with any Governmental Body is required by or with respect to Parent in connection with the execution and delivery of this Agreement or the consummation of the transactions contemplated hereby, except for (i) the filing with the SEC of a Registration Statement on Form S-4 any outstanding periodic reports due under the Securities Act by Yuma, through Delaware Merger Subsidiary, with respect to the transactions contemplated hereby (the “Registration Statement”) and applicable filings pursuant to the Exchange Act, including the filing with the SEC of Yuma’s proxy statement relating to the Yuma Shareholders’ Meeting (the “Proxy Statement/Prospectus”), (ii) the filing of the Certificate of Merger with the Secretary of State in connection with of the MergerState of Delaware, (iii) the filing of a Current Report Reports on Form 8-K with the SEC within four business (4as determined under applicable SEC Legal Requirements) Business Days days after the execution of this Agreement and within four (4) Business Days of the Closing Date, (iv) filings the filing of an Amended and Restated Charter with the Secretary of State and the secretary of state of the State of California in connection with the Reincorporation MergerNevada, and (v) such approvals as may be required under applicable state securities or “blue sky” Laws laws or the rules and regulations of the NYSE MKTOTCQB Market, and except as provided in (vi) the filings contemplated by Section 4.03 of the Yuma Disclosure Schedule, no declaration, filing or registration with, or notice to, or authorization, consent or approval, ratification or permission of (any of the foregoing being a “Consent”5.4(a), any Governmental Entity or authority or other Person is necessary under any Yuma Material Contract or otherwise for the execution and delivery of this Agreement by Yuma or Merger Subsidiary or the consummation by Yuma or Merger Subsidiary of the transactions contemplated hereby, other than such Consents which, if not made or obtained, as the case may be, would not reasonably be expected, individually or in the aggregate, to have a Yuma Material Adverse Effect and would not prevent or materially delay the consummation of the Merger. (e) The board of directors of Yuma has approved the Merger and this Agreement and the transactions contemplated hereby and thereby, and such approval is sufficient to render inapplicable to the Merger and this Agreement and the transactions contemplated hereby the anti-takeover provisions of the CCC to the extent, if any, such provisions are applicable to the Merger, this Agreement, and the transactions contemplated hereby and thereby. No other state takeover, control share, fair price or similar statute or regulation applies to or purports to apply to Yuma with respect to the Merger, this Agreement, or the transactions contemplated hereby and thereby.

Appears in 1 contract

Samples: Merger Agreement (NEUROONE MEDICAL TECHNOLOGIES Corp)

Authority; Non-Contravention; Approvals. (a) Yuma The Company has the requisite corporate power and authority to enter into this Agreement and, subject to Yuma Shareholder Approval, to perform its obligations hereunder and to consummate the transactions contemplated hereby. The execution and delivery by Yuma the Company of this Agreement, the performance by Yuma the Company of its obligations hereunder, and the consummation by Yuma the Company of the transactions contemplated hereby, have been duly authorized by all necessary corporate action on the part of Yumathe Company and the Company Stockholders. There is no requirement in the Company Shareholders’ Agreement to hold a meeting of the Company Stockholders to approve this Agreement or the Merger. A Company Stockholder may transfer some or all of its Company Stock to any person in respect of a corporate merger under clause 6.4.2 of the Company Shareholders’ Agreement. 88.9% of Company Stockholders committed to selling their Company Stock in the Pre-Merger Agreement dated October 8, subject only 2019. These Company Stockholders are entitled to require the remaining Company Stockholders to dispose all of their Company Stock to the approval Merger Subsidiary pursuant to section 8.1 of the Yuma Shareholder Approval Matters by the shareholders of Yuma. The affirmative vote of the holders of (i) a majority of the outstanding shares of Yuma Common Stock outstanding on the applicable record date and (ii) two-thirds of the outstanding shares of Yuma Series A Preferred Stock outstanding on the applicable record date voting as a separate class (collectively, the “Yuma Shareholder Approval”) is the only vote of the holders of any class or series of Yuma’s Capital Stock necessary to adopt or approve the Yuma Shareholder Approval MattersCompany Shareholders’ Agreement. There are no bonds, debentures, notes or other indebtedness of Yuma the Company having the right to vote (or convertible into, or exchangeable for, securities having the right to vote) on any matters on which the holders of Yuma Common Stock Company Stockholders may vote. This Agreement has been duly executed and delivered by each of the Yuma EntitiesCompany, and, assuming the due authorization, execution and delivery hereof by the CompanySES Entities, constitutes a valid and legally binding agreement of each of the Yuma EntitiesCompany, enforceable against the Yuma Entities Company in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium and similar Laws affecting creditors’ rights and remedies generally, and subject, as to enforceability, to general principles of equity, including principles of commercial reasonableness, good faith and fair dealing (regardless of whether enforcement is sought in a proceeding at Law or in equity). (b) The Yuma Company Board, by resolutions duly adopted by unanimous vote at a meeting of all directors of Yuma the Company duly called and held and, as of the date hereof, not subsequently rescinded or modified in any way, has, as of the date hereof (i) approved this Agreement, the Reincorporation Merger Agreement and the Merger, and determined that this Agreement and the transactions contemplated hereby, including the Reincorporation Merger and the Merger, are fair to, and in the best interests of, Yuma shareholders, and (ii) resolved to recommend that Yuma’s shareholders approve the Yuma Shareholder Approval Matters and directed that such matters be submitted for consideration of the shareholders of Yuma at the Yuma Shareholders’ Meeting. The board of directors of each of Delaware Merger Subsidiary and Merger Subsidiary, at a meeting duly called and held, has unanimously approved this Agreement, the Reincorporation Merger and the Merger, as applicable. Yuma, in its capacity as the sole stockholder of Delaware Merger Subsidiary, hereby approves of this Agreement and the Reincorporation Merger, and Delaware Merger Subsidiary, in its capacity as the sole stockholder of Merger Subsidiary, hereby approves of this Agreement and the MergerCompany Stockholders. (c) The Except as set forth in Section 4.03(c) of the Company Disclosure Schedule, the execution, delivery and performance of this Agreement by each of the Yuma Entities Company and the consummation of the Reincorporation Merger, the Merger, Merger and the other transactions contemplated hereby do not and will not violate, conflict with or result in a breach of any provision of, or constitute a default (or an event which, with notice or lapse of time or both, would constitute a default) under, or result in the termination of, or accelerate the performance required by, or result in a right of termination or acceleration under, contractually require any offer to purchase or any prepayment of any debt, or result in the creation of any lien, security interest or encumbrance upon any of the properties or assets of Yuma the Company under any of the terms, conditions or provisions of (i) the Governing Documents of any Yuma AFE Company, (ii) subject to compliance with the requirements set forth in clauses (i)-(vi)-(iii) of Section 4.03(d) and obtaining the Yuma Shareholder Approval), any statute, Law, ordinance, rule, regulation, judgment, decree, order, injunction, writ, Permit or license of any court or Governmental Entity applicable to any of the Yuma AFE Companies or any of their respective properties or assets, or (iii) any contract, agreement, commitment or understanding to which any Yuma the Company is now a party or by which any of the Yuma Companies Company or any of their respective its properties or assets may be bound or affected, except as provided in Section 4.03 of the Yuma Disclosure Schedule, and other than, in the case of clauses (ii) and (iii) of this Section 4.03(c), such violations, conflicts, breaches, defaults, terminations, accelerations, contractual requirements or creations of liens, security interests or encumbrances that would not reasonably be expected, individually or in the aggregate, to have a Yuma Company Material Adverse Effect and would not prevent or materially delay the consummation of the Merger. (d) Except for (i) the filing with the SEC of a Registration Statement on Form S-4 under the Securities Act by Yuma, through Delaware Merger Subsidiary, with respect to the transactions contemplated hereby (the “Registration Statement”) and applicable filings pursuant to the Exchange Act, including the filing with the SEC of Yuma’s proxy statement relating to the Yuma Shareholders’ Meeting (the “Proxy Statement/Prospectus”), (ii) the filing of the Certificate of Merger with the Secretary of State in connection with the Merger, (iii) the filing of a Current Report on Form 8-K with the SEC within four (4) Business Days after the execution of this Agreement and within four (4) Business Days lodgment of the Closing Date, (iv) filings Form 484 by the Company with the Secretary of State and the secretary of state of the State of California in connection with the Reincorporation MergerASIC, and (viv) such approvals as may be required under applicable state securities or “blue sky” Laws or the rules and regulations of the NYSE MKTNASDAQ Stock Market, and except as provided in Section 4.03 of the Yuma Company Disclosure Schedule, no declaration, filing or registration with, or notice to, or authorization, consent or approval, ratification or permission of (any of the foregoing being a “Consent”)Consent of, any Governmental Entity or authority or other Person is necessary under any Yuma Company Material Contract or otherwise for the execution and delivery of this Agreement by Yuma or Merger Subsidiary the Company or the consummation by Yuma or Merger Subsidiary the Company of the transactions contemplated hereby, other than such Consents which, if not made or obtained, as the case may be, would not reasonably be expected, individually or in the aggregate, to have a Yuma Company Material Adverse Effect and would not prevent or materially delay the consummation of the Merger. (e) The board of directors of Yuma Company Board has approved the Merger and Merger, this Agreement and the transactions contemplated hereby and thereby, and such approval is sufficient to render inapplicable to the Merger and Merger, this Agreement and the transactions contemplated hereby the anti-takeover provisions of the CCC Section 203 of DGCL to the extent, if any, such provisions are section is applicable to the Merger, this Agreement, and the transactions contemplated hereby and thereby. No other state takeover, takeover control share, fair price or similar statute or regulation applies to or purports to apply to Yuma the Company with respect to the Merger, this Agreement, Agreement or the transactions contemplated hereby and thereby.

Appears in 1 contract

Samples: Merger Agreement (Synthesis Energy Systems Inc)

Authority; Non-Contravention; Approvals. (a) Yuma The Company has the requisite necessary corporate power and corporate authority to enter into this Agreement and, subject to Yuma Shareholder Approvalthe adoption of this Agreement by the Required Company Vote, to perform carry out its obligations hereunder and to consummate the transactions contemplated hereby. The execution and delivery by Yuma of this Agreement, Agreement by the performance by Yuma of its obligations hereunder, Company and the consummation by Yuma the Company of the transactions contemplated hereby, hereby have been duly authorized by all necessary corporate action on the part of Yumathe Company, subject only to the approval adoption of the Yuma Shareholder Approval Matters this Agreement by the shareholders of Yuma. The affirmative vote of the holders of (i) a majority of the outstanding shares of Yuma Common Stock outstanding on the applicable record date and (ii) two-thirds of the outstanding shares of Yuma Series A Preferred Stock outstanding on the applicable record date voting as a separate class (collectively, the “Yuma Shareholder Approval”) is the only vote of the holders of any class or series of Yuma’s Capital Stock necessary to adopt or approve the Yuma Shareholder Approval Matters. There are no bonds, debentures, notes or other indebtedness of Yuma having the right to vote (or convertible into, or exchangeable for, securities having the right to vote) on any matters on which the holders of Yuma Common Stock may voteRequired Company Vote. This Agreement has been duly and validly executed and delivered by each of the Yuma Entities, Company and, assuming the due authorization, execution and delivery hereof by Buyer and Sub, constitutes a legal, valid and binding obligation of the Company, constitutes a valid and legally binding agreement of each of the Yuma Entities, enforceable against the Yuma Entities it in accordance with its terms, subject except to the extent that the enforceability thereof may be limited by (i) applicable bankruptcy, insolvency, reorganization, moratorium and reorganization or other similar Laws laws affecting the enforcement of creditors’ rights generally and remedies generally, and subject, as to enforceability, to general by principles of equityequity regarding the availability of remedies or (ii) rules of Law governing specific performance, including principles of commercial reasonableness, good faith injunctive relief and fair dealing (regardless of whether enforcement is sought in a proceeding at Law or in equity)other equitable remedies. (b) The Yuma BoardBoard of Directors, by resolutions duly adopted by a unanimous vote at a meeting of all directors of Yuma duly called and held and, as of the date hereof, and not subsequently rescinded or modified in any way, hashas duly (i) determined that this Agreement and the Merger are advisable, as fair to and in the best interests of the date hereof Company and its stockholders, (iii) approved this Agreement, the Reincorporation Voting Agreement and the Merger and for purposes of the MergerDGCL, including without limitation, Section 203 thereof, and determined (iii) recommended that the stockholders of the Company approve and adopt this Agreement and approve the Merger and directed that this Agreement and the transactions contemplated hereby, including the Reincorporation Merger and the Merger, are fair to, and in the best interests of, Yuma shareholders, and (ii) resolved to recommend that Yuma’s shareholders approve the Yuma Shareholder Approval Matters and directed that such matters be submitted for consideration of by the shareholders of Yuma Company’s stockholders at the Yuma Shareholders’ Company Stockholders Meeting. The board of directors of each of Delaware Merger Subsidiary and Merger Subsidiary, at a meeting duly called and held, has unanimously approved this Agreement, the Reincorporation Merger and the Merger, as applicable. Yuma, in its capacity as the sole stockholder of Delaware Merger Subsidiary, hereby approves of this Agreement and the Reincorporation Merger, and Delaware Merger Subsidiary, in its capacity as the sole stockholder of Merger Subsidiary, hereby approves of this Agreement and the Merger. (c) The executiononly votes of the holders of any class or series of capital stock of the Company necessary to approve this Agreement, delivery the Merger or any transaction contemplated by this Agreement are (i) the affirmative vote of the holders of a majority of the issued and performance outstanding Senior Preferred Stock, voting together with the holders of Company Common Stock on an as converted basis, and (ii) the affirmative vote of the holders of a majority of the Senior Preferred Stock issued and outstanding, voting as a separate class, in each case, in favor of the approval and adoption of this Agreement by each (collectively, the “Required Company Vote“). (d) The execution and delivery of the Yuma Entities and this Agreement, the consummation of the Reincorporation Merger, the Merger, and the other transactions contemplated hereby do not and the compliance by the Company with any of the provisions hereof will not violate, conflict with or result in a any violation or breach of any provision of, or constitute a default (with or an event which, with without notice or lapse of time time, or both, would constitute a default) under, or result in the termination of, or accelerate the performance required by, or result in a give rise to any right of termination termination, cancellation or acceleration or require any consent, waiver or approval under, contractually require any offer to purchase or any prepayment of any debt, or result in the creation of any lien, security interest or encumbrance upon any of the properties or assets of Yuma under any of the terms, conditions or provisions of (i) any provision of the Governing Documents organizational documents of any Yuma Companythe Company or its Subsidiaries, (ii) subject any Contract to compliance with which the requirements set forth in clauses (i)-(v) of Section 4.03(d) and obtaining the Yuma Shareholder Approval, any statute, Law, ordinance, rule, regulation, judgment, decree, order, injunction, writ, Permit or license of any court or Governmental Entity applicable to any of the Yuma Companies Company or any of their respective properties its Subsidiaries is a party or assets, bound or to which the Company’s or any of its Subsidiaries’ property or assets are subject or (iii) any contract, agreement, commitment applicable provision of any Law by which the Company or understanding its Subsidiaries is bound or to which any Yuma Company is now a party or by which any of the Yuma Companies or any of their respective properties property or assets may be bound or affectedis subject, except as provided in Section 4.03 of the Yuma Disclosure Schedule, and other than, than in the case cases of clauses (ii) and (iii) of this Section 4.03(c), any such conflicts, violations, conflicts, breaches, breaches or defaults, terminationsor failure to obtain consents, accelerationswaivers or approvals, contractual requirements or creations of liens, security interests or encumbrances that would not reasonably be expectedwhich, individually or in the aggregate, to have a Yuma Material Adverse Effect and would not prevent or materially delay the consummation of the Merger. (d) Except for (i) the filing with the SEC of a Registration Statement on Form S-4 under the Securities Act by Yuma, through Delaware Merger Subsidiary, with respect to the transactions contemplated hereby (the “Registration Statement”) and applicable filings pursuant to the Exchange Act, including the filing with the SEC of Yuma’s proxy statement relating to the Yuma Shareholders’ Meeting (the “Proxy Statement/Prospectus”), (ii) the filing of the Certificate of Merger with the Secretary of State in connection with the Merger, (iii) the filing of a Current Report on Form 8-K with the SEC within four (4) Business Days after the execution of this Agreement and within four (4) Business Days of the Closing Date, (iv) filings with the Secretary of State and the secretary of state of the State of California in connection with the Reincorporation Merger, and (v) such approvals as may be required under applicable state securities or “blue sky” Laws or the rules and regulations of the NYSE MKT, and except as provided in Section 4.03 of the Yuma Disclosure Schedule, no declaration, filing or registration with, or notice to, or authorization, consent or approval, ratification or permission of (any of the foregoing being a “Consent”), any Governmental Entity or authority or other Person is necessary under any Yuma Material Contract or otherwise for the execution and delivery of this Agreement by Yuma or Merger Subsidiary or the consummation by Yuma or Merger Subsidiary of the transactions contemplated hereby, other than such Consents which, if not made or obtained, as the case may be, would not reasonably be expected, individually or in the aggregate, expected to have a Yuma Material Adverse Effect and would not prevent or materially delay the consummation of the MergerEffect. (e) The board of directors of Yuma has approved the Merger and this Agreement and the transactions contemplated hereby and thereby, and such approval is sufficient to render inapplicable to the Merger and this Agreement and the transactions contemplated hereby the anti-takeover provisions of the CCC to the extent, if any, such provisions are applicable to the Merger, this Agreement, and the transactions contemplated hereby and thereby. No other state takeover, control share, fair price or similar statute or regulation applies to or purports to apply to Yuma with respect to the Merger, this Agreement, or the transactions contemplated hereby and thereby.

Appears in 1 contract

Samples: Merger Agreement (Orphan Medical Inc)

Authority; Non-Contravention; Approvals. (a) Yuma PEDEVCO has the requisite corporate power and authority to enter into this Agreement and, subject to Yuma Shareholder ApprovalPEDEVCO Stockholder Approval (as defined below), to perform its obligations hereunder and to consummate the transactions contemplated hereby. The execution and delivery by Yuma PEDEVCO of this Agreement, the performance by Yuma PEDEVCO of its obligations hereunder, and the consummation by Yuma PEDEVCO of the transactions contemplated hereby, have been duly authorized by all necessary corporate action on the part of YumaPEDEVCO, subject only to the approval of the Yuma Shareholder PEDEVCO Stockholder Approval Matters (as defined in Section 7.7) by the shareholders of YumaPEDEVCO; the approval of the NYSE MKT; the effectiveness of the Registration Statement as declared by the SEC, as applicable; and the PEDEVCO Senior Lenders. The affirmative vote of the holders of (i) a majority of the votes cast on the approval of the issuance of the PEDEVCO Common Stock as part of the Reorganization, the approval of this Agreement, the principal terms of the Reorganization, or such other required vote of shareholders as may be required pursuant to applicable NYSE MKT rules and requirements; (ii) a plurality of the votes cast for the election to the Board of Directors of PEDEVCO of the individuals set forth on Schedule 3.3 hereto, and (iii) a majority of the outstanding shares of Yuma PEDEVCO Common Stock and PEDEVCO Preferred Stock, outstanding on the applicable record date date, and (ii) two-thirds of the outstanding shares of Yuma Series A Preferred Stock outstanding on the applicable record date voting as a separate class group in connection with the approval of the PEDEVCO Amendments to the Certificate of Formation (as defined below) (collectively, as applicable, the “Yuma Shareholder PEDEVCO Stockholder Approval”) is the only vote of the holders of any class or series of YumaPEDEVCO’s Capital Stock capital stock necessary to adopt or approve the Yuma Shareholder PEDEVCO Stockholder Approval Matters. There are no bonds, debentures, notes or other indebtedness of Yuma having the right to vote (or convertible into, or exchangeable for, securities having the right to vote) on any matters on which the holders of Yuma Common Stock may vote. This Agreement has been duly executed and delivered by each of the Yuma PEDEVCO Entities, and, assuming the due authorization, execution and delivery hereof by the CompanyCompany and Dome AB, constitutes a valid and legally binding agreement of each of the Yuma PEDEVCO Entities, enforceable against the Yuma PEDEVCO Entities in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium and similar Laws laws affecting creditors’ rights and remedies generally, and subject, as to enforceability, to general principles of equity, including principles of commercial reasonableness, good faith and fair dealing (regardless of whether enforcement is sought in a proceeding at Law law or in equity). (b) The Yuma BoardPEDEVCO’s Board of Directors, by resolutions duly adopted by unanimous vote at a meeting of all directors of Yuma PEDEVCO duly called and held or via a written consent of all directors, and, as of the date hereof, not subsequently rescinded or modified in any way, has, as of the date hereof (i) approved this Agreement, the Reincorporation Merger Agreement and the MergerReorganization, and determined that this Agreement and the transactions contemplated hereby, including the Reincorporation Merger and the MergerReorganization, are fair to, and in the best interests of, Yuma of PEDEVCO’s shareholders, ; and (ii) resolved to recommend that YumaPEDEVCO’s shareholders approve the Yuma Shareholder PEDEVCO Stockholder Approval Matters and directed that such matters be submitted for consideration of the shareholders of Yuma PEDEVCO at the Yuma ShareholdersPEDEVCO Stockholders’ Meeting; in all cases subject to receipt by PEDEVCO of an opinion of an advisor which is mutually agreeable to the Parties to the effect that, as of the date of such opinion, the Reorganization is fair, from a financial point of view, to PEDEVCO shareholders (the “Fairness Opinion Contingency”). The board Board of directors Directors of each of Delaware Merger Subsidiary and Merger Acquisition Subsidiary, at a meeting duly called and held, or via a written consent of all directors, has unanimously approved this Agreement, the Reincorporation Merger Agreement and the MergerReorganization, as applicablesubject to the Fairness Opinion Contingency. YumaPEDEVCO, in its capacity as the sole stockholder of Delaware Merger the Acquisition Subsidiary, hereby approves of this Agreement and the Reincorporation MergerReorganization, and Delaware Merger Subsidiary, in its capacity as subject to the sole stockholder of Merger Subsidiary, hereby approves of this Agreement and the MergerFairness Opinion Contingency. (c) The execution, delivery and performance of this Agreement by each of the Yuma PEDEVCO Entities and the consummation of the Reincorporation Merger, the Merger, Reorganization and the other transactions contemplated hereby do not and will not violate, assuming receipt of the consents (as defined in Section 4.3(d)), conflict with or result in a breach of any provision of, or constitute a default (or an event which, with notice or lapse of time or both, would constitute a default) under, or result in the termination of, or accelerate the performance required by, or result in a right of termination or acceleration under, contractually require any offer to purchase or any prepayment of any debt, or result in the creation of any lien, security interest or encumbrance upon any of the properties or assets of Yuma PEDEVCO under any of the terms, conditions or provisions of (i) the Governing Documents PEDEVCO Certificate of any Yuma CompanyFormation or the PEDEVCO By-Laws, (ii) subject to compliance with the requirements set forth in clauses (i)-(v) of Section 4.03(d4.3(d) and obtaining the Yuma Shareholder PEDEVCO Stockholder Approval, any statute, Lawlaw, ordinance, rule, regulation, judgment, decree, order, injunction, writ, Permit permit or license of any court or Governmental Entity governmental authority applicable to PEDEVCO or any of the Yuma Companies PEDEVCO Subsidiary or any of their respective properties or assets, or (iii) any contract, agreement, commitment or understanding to which PEDEVCO or any Yuma Company PEDEVCO Subsidiary is now a party or by which PEDEVCO or any of the Yuma Companies PEDEVCO Subsidiary or any of their respective properties or assets may be bound or affected, except as provided in the PEDEVCO SEC Reports or in Section 4.03 4.3 of the Yuma PEDEVCO Disclosure Schedule, and other than, in the case of clauses (ii) and (iii) of this Section 4.03(c4.3(d), such violations, conflicts, breaches, defaults, terminations, accelerations, contractual requirements or creations of liens, security interests or encumbrances that would not reasonably be expected, individually or in the aggregate, to have a Yuma PEDEVCO Material Adverse Effect and would not prevent or materially delay the consummation of the MergerReorganization. Notwithstanding the above, the PEDEVCO Senior Loan requires that the assets of the Company acquired by PEDEVCO in the Reorganization become subject to the security interests and liens of the PEDEVCO Senior Lenders. (d) Except for (i) the filing with the SEC of a Registration Statement on Form S-4 under the Securities Act of 1933, as amended (the “Securities Act”), by Yuma, through Delaware Merger SubsidiaryPEDEVCO, with respect to the transactions contemplated hereby and including a reoffer prospectus as permitted by Form S-4 with respect to the resale by Dome AB of the shares of PEDEVCO Common Stock issued as the Reorganization Consideration (the “Registration Statement”) and applicable filings pursuant to the Securities Exchange Act of 1934, as amended (the “Exchange Act”), including the filing with the SEC of YumaPEDEVCO’s proxy statement relating to the Yuma ShareholdersPEDEVCO Stockholders’ Meeting (the “Proxy Statement/Prospectus”), (ii) the filing of the Certificate of Merger Reorganization with the Secretary of State in connection with the MergerReorganization, (iii) the filing of a Current Report on Form 8-K with the SEC within four (4) Business Days after the execution of this Agreement and within four (4) Business Days of on the Closing Date, and (iv) filings with the Secretary of State and the secretary of state of the State of California in connection with the Reincorporation Merger, and (v) such approvals as may be required under applicable state securities or “blue sky” Laws laws or the rules and regulations of the NYSE MKT, the approval of the PEDEVCO Senior Lenders, and except as provided in Section 4.03 4.3 of the Yuma PEDEVCO Disclosure Schedule, no declaration, filing or registration with, or notice to, or authorization, consent or approval, ratification or permission of (any of the foregoing being a “Consent” or “Consents”), any Governmental Entity governmental or regulatory body or authority or other Person person is necessary under any Yuma PEDEVCO Material Contract or otherwise for the execution and delivery of this Agreement by Yuma PEDEVCO or Merger Acquisition Subsidiary or the consummation by Yuma PEDEVCO or Merger Acquisition Subsidiary of the transactions contemplated hereby, other than such Consents which, if not made or obtained, as the case may be, would not reasonably be expected, individually or in the aggregate, to have a Yuma PEDEVCO Material Adverse Effect and would not prevent or materially delay the consummation of the Merger. (e) The board Board of directors Directors of Yuma PEDEVCO has approved the Merger Reorganization and this Agreement and the transactions contemplated hereby and thereby, and such approval is sufficient to render inapplicable to the Merger Reorganization and this Agreement and the transactions contemplated hereby the any state anti-takeover provisions of the CCC to the extent, if any, such provisions are applicable to the Merger, this Agreement, and the transactions contemplated hereby and thereby. No other state takeover, control share, fair price or similar statute or regulation applies to or purports to apply to Yuma with respect to the Merger, this Agreement, or the transactions contemplated hereby and therebyregulation.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Pedevco Corp)

Authority; Non-Contravention; Approvals. (a) Yuma has The Company and Dome AB have the requisite corporate power and authority to enter into this Agreement and, subject to Yuma Shareholder Approvalthe Dome AB Stockholders’ Approval (as defined below), to perform its their obligations hereunder and to consummate the transactions contemplated hereby. The execution and delivery by Yuma the Company and Dome AB of this Agreement, the performance by Yuma the Company and Dome AB of its their obligations hereunder, and the consummation by Yuma the Company and Dome AB of the transactions contemplated hereby, have been duly authorized by all necessary corporate action on the part of Yumathe Company and Dome AB, subject only to the approval of the Yuma Shareholder Approval Matters by the shareholders of YumaDome AB Stockholder’s Approval. The affirmative vote of the holders of (i) a majority of the outstanding shares of Yuma Common Stock outstanding on the applicable record date and (ii) two-thirds of the outstanding shares of Yuma Series A Preferred Stock outstanding on the applicable record date voting as a separate class (collectively, the “Yuma Shareholder Approval”) is the only vote or approval of the holders of any class or series of Yuma’s Capital Stock necessary to adopt capital stock of the Company or approve Dome AB required for approval of this Agreement or the Yuma Shareholder Approval MattersReorganization is the affirmative vote of the Dome AB Stockholders (the “Dome AB Stockholders’ Approval”). There are no bonds, debentures, notes or other indebtedness of Yuma the Company having the right to vote (or convertible into, or exchangeable for, securities having the right to vote) on any matters on which the holders of Yuma Common Stock Dome AB may vote. This Agreement has been duly executed and delivered by each of the Yuma EntitiesCompany and Dome AB, and, assuming the due authorization, execution and delivery hereof by the CompanyPEDEVCO Entities, constitutes a valid and legally binding agreement of each of the Yuma EntitiesCompany and Dome AB, enforceable against the Yuma Entities Company and Dome AB in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium and similar Laws laws affecting creditors’ rights and remedies generally, and subject, as to enforceability, to general principles of equity, including principles of commercial reasonableness, good faith and fair dealing (regardless of whether enforcement is sought in a proceeding at Law law or in equity). (b) The Yuma BoardCompany’s Board of Directors, by resolutions duly adopted by unanimous vote at a meeting of all directors of Yuma the Company duly called and held or via written consent of all directors, and, as of the date hereof, not subsequently rescinded or modified in any way, has, as of the date hereof (i) approved this Agreement, the Reincorporation Merger Agreement and the MergerReorganization, and determined that this Agreement and the transactions contemplated hereby, including the Reincorporation Merger and the MergerReorganization, are fair to, and in the best interests of, Yuma shareholdersthe Company’s stockholder, and (ii) resolved to recommend that Yuma’s shareholders approve the Yuma Shareholder Approval Matters and directed that such matters be submitted for consideration of the shareholders of Yuma at the Yuma Shareholders’ Meeting. The board of directors of each of Delaware Merger Subsidiary and Merger Subsidiary, at a meeting duly called and held, has unanimously approved this Agreement, the Reincorporation Merger and the Merger, as applicable. Yuma, in its capacity as the sole stockholder of Delaware Merger Subsidiary, hereby approves of this Agreement and the Reincorporation Merger, and Delaware Merger Subsidiary, in its capacity as the sole stockholder of Merger Subsidiary, hereby approves of this Agreement and the MergerDome AB. (c) The Except as set forth in Section 5.3(c) of the Company Disclosure Schedule, the execution, delivery and performance of this Agreement by each of the Yuma Entities Company and Dome AB and the consummation of the Reincorporation Merger, the Merger, Reorganization and the other transactions contemplated hereby do not and will not violate, conflict with or result in a breach of any provision of, or constitute a default (or an event which, with notice or lapse of time or both, would constitute a default) under, or result in the termination of, or accelerate the performance required by, or result in a right of termination or acceleration under, contractually require any offer to purchase or any prepayment of any debt, or result in the creation of any lien, security interest or encumbrance upon any of the properties or assets of Yuma the Company under any of the terms, conditions or provisions of (i) the Governing Documents Company’s Articles of any Yuma Incorporation or the Company’s Bylaws, (ii) subject to compliance with the requirements set forth in clauses (i)-(v) of Section 4.03(d) and obtaining the Yuma Shareholder Dome AB Stockholder’s Approval, or Dome AB’s Corporate Documents, (iii) any statute, Lawlaw, ordinance, rule, regulation, judgment, decree, order, injunction, writ, Permit permit or license of any court or Governmental Entity governmental authority applicable to any of the Yuma Companies Company or Dome AB or any of their respective properties or assets, or (iiiiv) any contract, agreement, commitment or understanding contract to which any Yuma the Company or Dome AB is now a party or by which any of the Yuma Companies Company or Dome AB or any of their respective properties or assets may be bound or affected, except as provided in Section 4.03 of the Yuma Disclosure Schedule, and other than, in the case of clauses (ii) and (iii) of this Section 4.03(c5.3(c), such violations, conflicts, breaches, defaults, terminations, accelerations, contractual requirements or creations of liens, security interests or encumbrances that would not reasonably be expected, individually or in the aggregate, to have a Yuma Company Material Adverse Effect and would not prevent or materially delay the consummation of the MergerReorganization. (d) Except for (ias set forth on Section 5.3(d) the filing with the SEC of a Registration Statement on Form S-4 under the Securities Act by Yuma, through Delaware Merger Subsidiary, with respect to the transactions contemplated hereby (the “Registration Statement”) and applicable filings pursuant to the Exchange Act, including the filing with the SEC of Yuma’s proxy statement relating to the Yuma Shareholders’ Meeting (the “Proxy Statement/Prospectus”), (ii) the filing of the Certificate of Merger with the Secretary of State in connection with the Merger, (iii) the filing of a Current Report on Form 8-K with the SEC within four (4) Business Days after the execution of this Agreement and within four (4) Business Days of the Closing Date, (iv) filings with the Secretary of State and the secretary of state of the State of California in connection with the Reincorporation Merger, and (v) such approvals as may be required under applicable state securities or “blue sky” Laws or the rules and regulations of the NYSE MKT, and except as provided in Section 4.03 of the Yuma Company Disclosure Schedule, no declaration, filing or registration with, or notice to, or authorization, consent or approval, ratification or permission of (any of the foregoing being a “Consent”)of, any Governmental Entity governmental or regulatory body or authority or other Person person is necessary under any Yuma Company Material Contract (as defined in Section 5.10(a)) or otherwise for the execution and delivery of this Agreement by Yuma the Company or Merger Subsidiary Dome AB or the consummation by Yuma the Company or Merger Subsidiary Dome AB of the transactions contemplated hereby, other than such Consents consents which, if not made or obtained, as the case may be, would not reasonably be expected, individually or in the aggregate, to have a Yuma Company Material Adverse Effect and would not prevent or materially delay the consummation of the Merger. (e) The board Board of directors Directors of Yuma the Company has approved the Merger and Reorganization, this Agreement and the transactions contemplated hereby and thereby, and such approval is sufficient to render inapplicable to the Merger Reorganization and this Agreement and the transactions contemplated hereby the any state anti-takeover provisions of the CCC to the extent, if any, such provisions are applicable to the Merger, this Agreement, and the transactions contemplated hereby and thereby. No other state takeover, control share, fair price or similar statute or regulation applies to or purports to apply to Yuma with respect to the Merger, this Agreement, or the transactions contemplated hereby and therebyregulation.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Pedevco Corp)

Authority; Non-Contravention; Approvals. (a) Yuma Company has the requisite corporate power and authority to enter into this Agreement and, subject to Yuma Shareholder Company Stockholder Approval, to perform its obligations hereunder and to consummate the transactions contemplated hereby. The execution and delivery by Yuma of this AgreementAgreement by Company, the performance by Yuma Company of its obligations hereunder, hereunder and the consummation by Yuma Company of the transactions contemplated hereby, hereby have been duly authorized by all necessary corporate action on the part of YumaCompany, subject only to the approval of the Yuma Shareholder Approval Matters by the shareholders of YumaCompany Stockholder Approval. The affirmative vote of the holders of (i) a majority of the outstanding shares of Yuma Common Stock outstanding on the applicable record date and (ii) two-thirds of the outstanding shares of Yuma Series A Preferred Stock outstanding on the applicable record date voting as a separate class (collectively, the “Yuma Shareholder Approval”) Company Stockholder Approval Threshold is the only vote of the holders of any class or series of Yuma’s Capital Company Common Stock necessary to adopt or approve the Yuma Shareholder Company Stockholder Approval Matters. There are no bondsMatters (collectively, debentures, notes or other indebtedness of Yuma having the right to vote (or convertible into, or exchangeable for, securities having the right to vote) on any matters on which the holders of Yuma Common Stock may vote“Company Stockholder Approval”). This Agreement has been duly executed and delivered by each of the Yuma Entities, Company and, assuming the due authorization, execution and delivery hereof by Albireo and Sellers, constitutes the valid and binding obligation of Company, constitutes a valid and legally binding agreement of each of the Yuma Entities, enforceable against the Yuma Entities in accordance with its terms, subject to applicable bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar Laws other laws affecting creditors’ rights generally and remedies generally, and subject, as to enforceability, to general principles of equity, including principles of commercial reasonableness, good faith and fair dealing (regardless of whether enforcement is sought in a proceeding at Law or in equity). (b) The Yuma BoardCompany’s board of directors, by resolutions duly adopted by unanimous vote at a meeting of all directors of Yuma Company duly called and held and, as of the date hereofof this Agreement, not subsequently rescinded or modified in any way, has, as of the date hereof of this Agreement (i) approved approved, adopted and declared advisable this Agreement, the Reincorporation Merger Agreement and the MergerAcquisition, and determined that this Agreement and the transactions contemplated herebyby this Agreement, including the Reincorporation Merger and the MergerAcquisition, are fair to, to and in the best interests of, Yuma shareholdersof the Company Stockholders, and (ii) approved the Company Stockholder Approval Matters that require board approval and resolved to recommend that Yuma’s shareholders the Company Stockholders approve the Yuma Shareholder Company Stockholder Approval Matters Matters, and directed that such matters be submitted for consideration of the shareholders of Yuma at the Yuma Shareholders’ Meeting. The board of directors of each of Delaware Merger Subsidiary and Merger Subsidiary, at a meeting duly called and held, has unanimously approved this Agreement, the Reincorporation Merger and the Merger, as applicable. Yuma, in its capacity as the sole stockholder of Delaware Merger Subsidiary, hereby approves of this Agreement and the Reincorporation Merger, and Delaware Merger Subsidiary, in its capacity as the sole stockholder of Merger Subsidiary, hereby approves of this Agreement and the MergerCompany Stockholders. (c) The executionexecution and delivery of this Agreement by Company does not, delivery and the performance of this Agreement by each of the Yuma Entities and the consummation of the Reincorporation MergerCompany will not, the Merger, and the other transactions contemplated hereby do not and will not violate, (i) conflict with or result in a breach of any provision of, or constitute a default (or an event which, with notice or lapse of time or both, would constitute a default) under, or result in violate the termination of, or accelerate the performance required by, or result in a right of termination or acceleration under, contractually require any offer to purchase or any prepayment of any debt, or result in the creation of any lien, security interest or encumbrance upon any of the properties or assets of Yuma under any of the terms, conditions or provisions of (i) the Governing Organizational Documents of any Yuma Acquiring Company, (ii) subject to obtaining the Company Stockholder Approval and compliance with the requirements set forth in clauses (i)-(vSection 3.3(d) of Section 4.03(d) and obtaining the Yuma Shareholder Approvalbelow, conflict with or violate any statute, Law, ordinance, rule, regulation, judgment, decree, order, injunction, writ, Permit or license of any court or Governmental Entity Legal Requirement applicable to any of the Yuma Acquiring Companies or by which its or any of their respective properties or assets, or (iii) any contract, agreement, commitment or understanding to which any Yuma Company is now a party or by which any of the Yuma Companies or any of their respective properties or assets may be are bound or affected, except as provided in Section 4.03 of the Yuma Disclosure Schedule, and other than, in the case of clauses (ii) and (iii) of this Section 4.03(c), for any such violations, conflicts, breaches, defaults, terminations, accelerations, contractual requirements conflicts or creations of liens, security interests or encumbrances that would not reasonably be expectedviolations that, individually or in the aggregate, to would not have a Yuma Company Material Adverse Effect and or would not prevent or materially delay the consummation of the MergerAcquisition, or (iii) require an Acquiring Company to make any filing with or give any notice to a Person or to obtain any Consent from a Person, or result in any breach of or constitute a default (or an event that with notice or lapse of time or both would become a default) under, or impair Company’s rights or alter the rights or obligations of any third party under, or give to others any rights of termination, amendment, acceleration or cancellation of, or result in the creation of a lien or encumbrance on any of the properties or assets of the Acquiring Companies pursuant to, any Company Contract to which an Acquiring Company is a party or by which any Acquiring Company or any of its properties are bound or affected (except, for purposes of this clause (iii), as would not, individually or in the aggregate, have a Company Material Adverse Effect or prevent or materially delay the Acquisition). (d) Except No consent, approval, order or authorization of, or registration, declaration or filing with, any Governmental Body is required by or with respect to Company in connection with the execution and delivery of this Agreement or the consummation of the transactions contemplated hereby, except for (i) the filing of the Registration Statement with the SEC of a Registration Statement on Form S-4 under in accordance with the Securities Act by Yuma, through Delaware Merger Subsidiary, with respect to the transactions contemplated hereby (the “Registration Statement”) and applicable filings pursuant to the Exchange Act, including the filing with the SEC of Yuma’s proxy statement relating to the Yuma Shareholders’ Meeting (the “Proxy Statement/Prospectus”), (ii) the filing of the Certificate of Merger Proxy Statement/Prospectus with the Secretary of State SEC in connection accordance with the MergerExchange Act, (iii) any filings contemplated by Section 6.4(a), (iv) the filing of a Current Report Reports on Form 8-K with the SEC within four (4) Business Days after the execution of this Agreement and within four (4) Business Days of the Closing Date, (iv) filings with the Secretary of State and the secretary of state of the State of California in connection with the Reincorporation Merger, and (v) such approvals as may be required under applicable state securities or “blue sky” Laws laws or the rules and regulations of the NYSE MKT, and except as provided in Section 4.03 of the Yuma Disclosure Schedule, no declaration, filing or registration with, or notice to, or authorization, consent or approval, ratification or permission of (any of the foregoing being a “Consent”), any Governmental Entity or authority or other Person is necessary under any Yuma Material Contract or otherwise for the execution and delivery of this Agreement by Yuma or Merger Subsidiary or the consummation by Yuma or Merger Subsidiary of the transactions contemplated hereby, other than such Consents which, if not made or obtained, as the case may be, would not reasonably be expected, individually or in the aggregate, to have a Yuma Material Adverse Effect and would not prevent or materially delay the consummation of the MergerNASDAQ. (e) The board of directors of Yuma has approved the Merger and this Agreement and the transactions contemplated hereby and thereby, and such approval is sufficient to render inapplicable to the Merger and this Agreement and the transactions contemplated hereby the anti-takeover provisions of the CCC to the extent, if any, such provisions are applicable to the Merger, this Agreement, and the transactions contemplated hereby and thereby. No other state takeover, control share, fair price or similar statute or regulation applies to or purports to apply to Yuma with respect to the Merger, this Agreement, or the transactions contemplated hereby and thereby.

Appears in 1 contract

Samples: Share Exchange Agreement (Biodel Inc)

Authority; Non-Contravention; Approvals. (a) Yuma Pyramid has the requisite corporate power and authority to enter into this Agreement and, subject to Yuma Pyramid Shareholder ApprovalApproval (as defined below), to perform its obligations hereunder and to consummate the transactions contemplated hereby. The execution and delivery by Yuma Pyramid of this Agreement, the performance by Yuma Pyramid of its obligations hereunder, and the consummation by Yuma Pyramid of the transactions contemplated hereby, have been duly authorized by all necessary corporate action on the part of YumaPyramid, subject only to the approval of the Yuma Pyramid Shareholder Approval Matters (as defined in Section 7.08) by the shareholders of YumaPyramid. The affirmative vote of the holders of (i) a majority of the outstanding shares of Yuma Pyramid Common Stock outstanding on the applicable record date and (ii) two-thirds of the outstanding shares of Yuma Series A Preferred Stock outstanding on the applicable record date voting as a separate class (collectively, the Yuma Pyramid Shareholder Approval”) is the only vote of the holders of any class or series of YumaPyramid’s Capital Stock capital stock necessary to adopt or approve the Yuma Pyramid Shareholder Approval Matters. There are no bonds, debentures, notes or other indebtedness of Yuma having the right to vote (or convertible into, or exchangeable for, securities having the right to vote) on any matters on which the holders of Yuma Common Stock may vote. This Agreement has been duly executed and delivered by each of the Yuma Pyramid Entities, and, assuming the due authorization, execution and delivery hereof by the Company, constitutes a valid and legally binding agreement of each of the Yuma Pyramid Entities, enforceable against the Yuma Pyramid Entities in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium and similar Laws laws affecting creditors’ rights and remedies generally, and subject, as to enforceability, to general principles of equity, including principles of commercial reasonableness, good faith and fair dealing (regardless of whether enforcement is sought in a proceeding at Law law or in equity). (b) The Yuma BoardPyramid’s Board of Directors, by resolutions duly adopted by unanimous vote at a meeting of all directors of Yuma Pyramid duly called and held and, as of the date hereof, not subsequently rescinded or modified in any way, has, as of the date hereof (i) approved this Agreement, the Reincorporation Merger Agreement and the Merger, and determined that this Agreement and the transactions contemplated hereby, including the Reincorporation Merger and the Merger, are fair to, and in the best interests of, Yuma of Pyramid shareholders, and (ii) resolved to recommend that YumaPyramid’s shareholders approve the Yuma Pyramid Shareholder Approval Matters and directed that such matters be submitted for consideration of the shareholders of Yuma Pyramid at the Yuma Pyramid Shareholders’ Meeting. The board Board of directors Directors of each of Delaware Merger Subsidiary and Merger Subsidiary, at a meeting duly called and held, has unanimously approved this Agreement, the Reincorporation Merger Agreement and the Merger, as applicable. YumaPyramid, in its capacity as the sole stockholder of Delaware Merger Subsidiary, hereby approves of this Agreement Subsidiary and the Reincorporation Merger, and Delaware Merger Subsidiary, in its capacity as the sole stockholder of Merger Subsidiary, hereby approves of this Agreement and the MergerAgreement. (c) The execution, delivery and performance of this Agreement by each of the Yuma Pyramid Entities and the consummation of the Reincorporation Merger, the Merger, Merger and the other transactions contemplated hereby do not and will not violate, conflict with or result in a breach of any provision of, or constitute a default (or an event which, with notice or lapse of time or both, would constitute a default) under, or result in the termination of, or accelerate the performance required by, or result in a right of termination or acceleration under, contractually require any offer to purchase or any prepayment of any debt, or result in the creation of any lien, security interest or encumbrance upon any of the properties or assets of Yuma Pyramid under any of the terms, conditions or provisions of (i) the Governing Documents Restated Articles of any Yuma CompanyIncorporation or the Amended and Restated Bylaws of Pyramid, (ii) subject to compliance with the requirements set forth in clauses (i)-(v) of Section 4.03(d5.03(d) and obtaining the Yuma Pyramid Shareholder Approval, any statute, Lawlaw, ordinance, rule, regulation, judgment, decree, order, injunction, writ, Permit permit or license of any court or Governmental Entity governmental authority applicable to Pyramid or any of the Yuma Companies Pyramid subsidiary or any of their respective properties or assets, or (iii) any contract, agreement, commitment or understanding to which Pyramid or any Yuma Company Pyramid subsidiary is now a party or by which Pyramid or any of the Yuma Companies Pyramid subsidiary or any of their respective properties or assets may be bound or affected, except as provided in Section 4.03 5.03 of the Yuma Pyramid Disclosure Schedule, and other than, in the case of clauses (ii) and (iii) of this Section 4.03(c5.03(c), such violations, conflicts, breaches, defaults, terminations, accelerations, contractual requirements or creations of liens, security interests or encumbrances that would not reasonably be expected, individually or in the aggregate, to have a Yuma Pyramid Material Adverse Effect and would not prevent or materially delay the consummation of the Merger. (d) Except for (i) the filing with the SEC Securities and Exchange Commission (the “SEC”) of a Registration Statement on Form S-4 under the Securities Act of 1933, as amended (the “Securities Act”), by Yuma, through Delaware Merger SubsidiaryPyramid, with respect to the transactions contemplated hereby (the “Registration Statement”) and applicable filings pursuant to the Securities Exchange Act of 1934, as amended (the “Exchange Act”), including the filing with the SEC of YumaPyramid’s proxy statement relating to the Yuma Pyramid Shareholders’ Meeting (the “Proxy Statement/Prospectus”), (ii) the filing of the Certificate of Merger with the Secretary of State in connection with the Merger, (iii) the filing of a Current Report on Form 8-K with the SEC within four (4) Business Days business days after the execution of this Agreement and within four (4) Business Days of on the Closing Date, (iv) filings with the Secretary of State and the secretary of state of the State of California in connection with the Reincorporation Mergeramendments to its articles of incorporation in the form attached hereto as Exhibit D (the “Pyramid Restated Articles”), and (v) such approvals as may be required under applicable state securities or “blue sky” Laws laws or the rules and regulations of the NYSE MKT, and except as provided in Section 4.03 5.03 of the Yuma Pyramid Disclosure Schedule, no declaration, filing or registration with, or notice to, or authorization, consent or approval, ratification or permission of (any of the foregoing being a “Consent”), any Governmental Entity governmental or regulatory body or authority or other Person person is necessary under any Yuma Pyramid Material Contract or otherwise for the execution and delivery of this Agreement by Yuma Pyramid or Merger Subsidiary or the consummation by Yuma Pyramid or Merger Subsidiary of the transactions contemplated hereby, other than such Consents which, if not made or obtained, as the case may be, would not reasonably be expected, individually or in the aggregate, to have a Yuma Pyramid Material Adverse Effect and would not prevent or materially delay the consummation of the Merger. (e) The board Board of directors Directors of Yuma Pyramid has approved the Merger and this Agreement and the transactions contemplated hereby and thereby, and such approval is sufficient to render inapplicable to the Merger and this Agreement and the transactions contemplated hereby the anti-takeover provisions of the CCC California Corporation Code (“CCC”) to the extent, if any, such provisions are applicable to the Merger, this Agreement, and the transactions contemplated hereby and thereby. No other state takeover, control share, fair price or similar statute or regulation applies to or purports to apply to Yuma Pyramid with respect to the Merger, this Agreement, or the transactions contemplated hereby and thereby.

Appears in 1 contract

Samples: Merger Agreement (Pyramid Oil Co)

Authority; Non-Contravention; Approvals. (a) Yuma The Company has the requisite necessary corporate power and corporate authority to enter into this Agreement and, subject to Yuma Shareholder Approvalthe adoption of this Agreement by the Required Company Vote, to perform carry out its obligations hereunder and to consummate the transactions contemplated hereby. The execution and delivery by Yuma of this Agreement, Agreement by the performance by Yuma of its obligations hereunder, Company and the consummation by Yuma the Company of the transactions contemplated hereby, hereby have been duly authorized by all necessary corporate action on the part of Yumathe Company, subject only to the approval adoption of the Yuma Shareholder Approval Matters this Agreement by the shareholders of Yuma. The affirmative vote of the holders of (i) a majority of the outstanding shares of Yuma Common Stock outstanding on the applicable record date and (ii) two-thirds of the outstanding shares of Yuma Series A Preferred Stock outstanding on the applicable record date voting as a separate class (collectively, the “Yuma Shareholder Approval”) is the only vote of the holders of any class or series of Yuma’s Capital Stock necessary to adopt or approve the Yuma Shareholder Approval Matters. There are no bonds, debentures, notes or other indebtedness of Yuma having the right to vote (or convertible into, or exchangeable for, securities having the right to vote) on any matters on which the holders of Yuma Common Stock may voteRequired Company Vote. This Agreement has been duly and validly executed and delivered by each of the Yuma Entities, Company and, assuming the due authorization, execution and delivery hereof by Buyer and Sub, constitutes a legal, valid and binding obligation of the Company, constitutes a valid and legally binding agreement of each of the Yuma Entities, enforceable against the Yuma Entities it in accordance with its terms, subject except to the extent that the enforceability thereof may be limited by (i) applicable bankruptcy, insolvency, reorganization, moratorium and reorganization or other similar Laws laws affecting the enforcement of creditors’ rights generally and remedies generally, and subject, as to enforceability, to general by principles of equityequity regarding the availability of remedies or (ii) rules of Law governing specific performance, including principles of commercial reasonableness, good faith injunctive relief and fair dealing (regardless of whether enforcement is sought in a proceeding at Law or in equity)other equitable remedies. (b) The Yuma BoardBoard of Directors, by resolutions duly adopted by a unanimous vote at a meeting of all directors of Yuma duly called and held and, as of the date hereof, and not subsequently rescinded or modified in any way, hashas duly (i) determined that this Agreement and the Merger are advisable, as fair to and in the best interests of the date hereof Company and its stockholders, (iii) approved this Agreement, the Reincorporation Voting Agreement and the Merger and for purposes of the MergerDGCL, including without limitation, Section 203 thereof, and determined (iii) recommended that the stockholders of the Company approve and adopt this Agreement and approve the Merger and directed that this Agreement and the transactions contemplated hereby, including the Reincorporation Merger and the Merger, are fair to, and in the best interests of, Yuma shareholders, and (ii) resolved to recommend that Yuma’s shareholders approve the Yuma Shareholder Approval Matters and directed that such matters be submitted for consideration of by the shareholders of Yuma Company’s stockholders at the Yuma Shareholders’ Company Stockholders Meeting. The board of directors of each of Delaware Merger Subsidiary and Merger Subsidiary, at a meeting duly called and held, has unanimously approved this Agreement, the Reincorporation Merger and the Merger, as applicable. Yuma, in its capacity as the sole stockholder of Delaware Merger Subsidiary, hereby approves of this Agreement and the Reincorporation Merger, and Delaware Merger Subsidiary, in its capacity as the sole stockholder of Merger Subsidiary, hereby approves of this Agreement and the Merger. (c) The executiononly votes of the holders of any class or series of capital stock of the Company necessary to approve this Agreement, delivery the Merger or any transaction contemplated by this Agreement are (i) the affirmative vote of the holders of a majority of the issued and performance outstanding Senior Preferred Stock, voting together with the holders of Company Common Stock on an as converted basis, and (ii) the affirmative vote of the holders of a majority of the Senior Preferred Stock issued and outstanding, voting as a separate class, in each case, in favor of the approval and adoption of this Agreement by each (collectively, the “Required Company Vote”). (d) The execution and delivery of the Yuma Entities and this Agreement, the consummation of the Reincorporation Merger, the Merger, and the other transactions contemplated hereby do not and the compliance by the Company with any of the provisions hereof will not violate, conflict with or result in a any violation or breach of any provision of, or constitute a default (with or an event which, with without notice or lapse of time time, or both, would constitute a default) under, or result in the termination of, or accelerate the performance required by, or result in a give rise to any right of termination termination, cancellation or acceleration or require any consent, waiver or approval under, contractually require any offer to purchase or any prepayment of any debt, or result in the creation of any lien, security interest or encumbrance upon any of the properties or assets of Yuma under any of the terms, conditions or provisions of (i) any provision of the Governing Documents organizational documents of any Yuma Companythe Company or its Subsidiaries, (ii) subject any Contract to compliance with which the requirements set forth in clauses (i)-(v) of Section 4.03(d) and obtaining the Yuma Shareholder Approval, any statute, Law, ordinance, rule, regulation, judgment, decree, order, injunction, writ, Permit or license of any court or Governmental Entity applicable to any of the Yuma Companies Company or any of their respective properties its Subsidiaries is a party or assets, bound or to which the Company’s or any of its Subsidiaries’ property or assets are subject or (iii) any contract, agreement, commitment applicable provision of any Law by which the Company or understanding its Subsidiaries is bound or to which any Yuma Company is now a party or by which any of the Yuma Companies or any of their respective properties property or assets may be bound or affectedis subject, except as provided in Section 4.03 of the Yuma Disclosure Schedule, and other than, than in the case cases of clauses (ii) and (iii) of this Section 4.03(c), any such conflicts, violations, conflicts, breaches, breaches or defaults, terminationsor failure to obtain consents, accelerationswaivers or approvals, contractual requirements or creations of liens, security interests or encumbrances that would not reasonably be expectedwhich, individually or in the aggregate, to have a Yuma Material Adverse Effect and would not prevent or materially delay the consummation of the Merger. (d) Except for (i) the filing with the SEC of a Registration Statement on Form S-4 under the Securities Act by Yuma, through Delaware Merger Subsidiary, with respect to the transactions contemplated hereby (the “Registration Statement”) and applicable filings pursuant to the Exchange Act, including the filing with the SEC of Yuma’s proxy statement relating to the Yuma Shareholders’ Meeting (the “Proxy Statement/Prospectus”), (ii) the filing of the Certificate of Merger with the Secretary of State in connection with the Merger, (iii) the filing of a Current Report on Form 8-K with the SEC within four (4) Business Days after the execution of this Agreement and within four (4) Business Days of the Closing Date, (iv) filings with the Secretary of State and the secretary of state of the State of California in connection with the Reincorporation Merger, and (v) such approvals as may be required under applicable state securities or “blue sky” Laws or the rules and regulations of the NYSE MKT, and except as provided in Section 4.03 of the Yuma Disclosure Schedule, no declaration, filing or registration with, or notice to, or authorization, consent or approval, ratification or permission of (any of the foregoing being a “Consent”), any Governmental Entity or authority or other Person is necessary under any Yuma Material Contract or otherwise for the execution and delivery of this Agreement by Yuma or Merger Subsidiary or the consummation by Yuma or Merger Subsidiary of the transactions contemplated hereby, other than such Consents which, if not made or obtained, as the case may be, would not reasonably be expected, individually or in the aggregate, expected to have a Yuma Material Adverse Effect and would not prevent or materially delay the consummation of the MergerEffect. (e) The board of directors of Yuma has approved the Merger and this Agreement and the transactions contemplated hereby and thereby, and such approval is sufficient to render inapplicable to the Merger and this Agreement and the transactions contemplated hereby the anti-takeover provisions of the CCC to the extent, if any, such provisions are applicable to the Merger, this Agreement, and the transactions contemplated hereby and thereby. No other state takeover, control share, fair price or similar statute or regulation applies to or purports to apply to Yuma with respect to the Merger, this Agreement, or the transactions contemplated hereby and thereby.

Appears in 1 contract

Samples: Merger Agreement (Jazz Pharmaceuticals Inc)

Authority; Non-Contravention; Approvals. (a) Yuma Parent has the requisite corporate power and authority to enter into this Agreement and, subject to Yuma Parent Shareholder Approval, to perform its obligations hereunder and to consummate the transactions contemplated herebyTransactions and the Spin-Out (collectively, the “Parent Transactions”). The execution and delivery by Yuma Parent of this Agreement, the performance by Yuma Parent of its obligations hereunder, hereunder and the consummation by Yuma Parent of the transactions contemplated hereby, Parent Transactions have been duly authorized by all necessary corporate action on the part of YumaParent and Merger Sub, subject only to Parent Shareholder Approval, to adoption of this Agreement by Parent as sole stockholder of Merger Sub immediately following the approval execution hereof, filing of the Yuma Shareholder Approval Matters by Certificate of Conversion with the shareholders Secretary of YumaState of the State of Delaware and the Articles of Conversion with the Secretary of State of the State of Nevada in connection with the Delaware Reincorporation and the filing and recordation of the Certificate of Merger pursuant to Delaware Law. The affirmative vote of the holders of (i) a majority in voting power of the outstanding shares of Yuma Parent Common Stock outstanding on the applicable record date and (ii) two-thirds of the outstanding shares of Yuma Series A Preferred Stock outstanding on the applicable record date voting as a separate class (collectively, the Yuma Parent Shareholder Approval”) is the only vote of the holders of any class or series of Yuma’s Parent Capital Stock necessary to adopt or approve the Yuma Parent Shareholder Approval Matters. There are no bonds, debentures, notes or other indebtedness of Yuma having the right to vote (or convertible into, or exchangeable for, securities having the right to vote) on any matters on which the holders of Yuma Common Stock may vote. This Agreement has been duly executed and delivered by each of the Yuma Entities, Parent and Merger Sub and, assuming the due authorization, execution and delivery hereof of this Agreement by the Company, this Agreement constitutes a the valid and legally binding agreement obligation of each of the Yuma EntitiesParent and Merger Sub, enforceable against the Yuma Entities in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium except as enforceability may be limited by bankruptcy and other similar Laws affecting creditors’ rights laws and remedies generally, and subject, as to enforceability, to general principles of equity, including principles of commercial reasonableness, good faith and fair dealing (regardless of whether enforcement is sought in a proceeding at Law or in equity). (b) The Yuma BoardParent’s board of directors, by resolutions duly adopted by unanimous vote at a meeting of all directors of Yuma Parent duly called and held and, as of the date hereofof this Agreement, not subsequently rescinded or modified in any way, has, as of the date hereof of this Agreement (i) approved this Agreement, the Reincorporation Merger Agreement and the Merger, and determined that this Agreement and the transactions contemplated herebyParent Transactions, including the Reincorporation Merger and the Merger, are fair to, and in the best interests of, Yuma of Parent’s shareholders, and (ii) resolved to recommend that YumaParent’s shareholders approve the Yuma Parent Shareholder Approval Matters and directed that such matters be submitted for consideration of the shareholders of Yuma Parent at the Yuma Parent Shareholders’ Meeting. The board of directors of each of Delaware Merger Subsidiary Sub has approved and Merger Subsidiary, at a meeting duly called and held, has unanimously approved this Agreement, the Reincorporation Merger and the Merger, as applicable. Yuma, in its capacity as the sole stockholder of Delaware Merger Subsidiary, hereby approves of declared advisable this Agreement and the Reincorporation MergerMerger and submitted this Agreement to Parent, and Delaware Merger Subsidiaryas its sole stockholder for adoption thereby. Immediately following the execution of this Agreement, Parent in its capacity as the sole stockholder of Merger SubsidiarySub, hereby approves of shall execute a written consent adopting this Agreement and the MergerAgreement. (c) The executionexecution and delivery of this Agreement by Parent and Merger Sub does not, delivery and the performance of this Agreement by each of the Yuma Entities and the consummation of the Reincorporation MergerParent or Merger Sub will not, the Merger, and the other transactions contemplated hereby do not and will not violate, (i) conflict with or result in a breach violate the Articles of any provision of, Incorporation or constitute a default (Amended and Restated Bylaws of Parent or an event which, with notice or lapse of time or both, would constitute a default) under, or result in the termination of, or accelerate the performance required by, or result in a right of termination or acceleration under, contractually require any offer to purchase or any prepayment of any debt, or result in the creation of any lien, security interest or encumbrance upon any of the properties or assets of Yuma under any of the terms, conditions or provisions of (i) the Governing Documents of any Yuma CompanyMerger Sub, (ii) subject to obtaining Parent Shareholder Approval and compliance with the requirements set forth in clauses (i)-(vSection 3.3(d) of Section 4.03(d) and obtaining the Yuma Shareholder Approvalbelow, conflict with or violate any statute, Law, ordinance, rule, regulation, judgment, decreeLegal Requirement, order, injunction, writ, Permit judgment or license of any court or Governmental Entity decree applicable to any of the Yuma Companies Parent or any of Merger Sub or by which their respective properties or assets, or (iii) any contract, agreement, commitment or understanding to which any Yuma Company is now a party or by which any of the Yuma Companies or any of their respective properties or assets may be are bound or affected, except as provided in Section 4.03 of the Yuma Disclosure Schedule, and other than, in the case of clauses (ii) and (iii) of this Section 4.03(c), for any such violations, conflicts, breaches, defaults, terminations, accelerations, contractual requirements conflicts or creations of liens, security interests or encumbrances violations that would not reasonably be expected, individually or in the aggregate, to have a Yuma Parent Material Adverse Effect and or would not prevent or materially delay the consummation of the Merger, or (iii) require an Acquiring Company to make any filing with or give any notice to or obtain any Consent from a Person pursuant to any Parent Contract, result in any breach of or constitute a default (or an event that with notice or lapse of time or both would become a default) under, or impair Parent’s rights or alter the rights or obligations of any third party under, or give to others any rights of termination, amendment, acceleration or cancellation of, or result in the creation of a lien or encumbrance on any of the properties or assets of Parent pursuant to, any Parent Contract, except as would not, individually or in the aggregate, have a Parent Material Adverse Effect or prevent or materially delay the Merger. (d) Except No consent, approval, order or authorization of, or registration, declaration or filing with any Governmental Body is required by or with respect to Parent in connection with the execution and delivery of this Agreement or the consummation of the Parent Transactions, except for (i) the filing with the SEC of a Registration Statement on Form S-4 any outstanding periodic reports due under the Securities Act by Yuma, through Delaware Merger Subsidiary, with respect to the transactions contemplated hereby (the “Registration Statement”) and applicable filings pursuant to the Exchange Act, including the filing with the SEC of Yuma’s proxy statement relating to the Yuma Shareholders’ Meeting (the “Proxy Statement/Prospectus”), (ii) the filing of the Certificate of Merger with the Secretary of State in connection with of the MergerState of Delaware, (iii) the filing of the Proxy Statement/Prospectus/ Information Statement with the SEC in accordance with the Exchange Act and the declaration of effectiveness of the Registration Statement of which the Prospectus contained in the Proxy Statement/Prospectus/Information Statement forms a part and the satisfactory resolution of any SEC comments to the Proxy Statement or Information Statement contained in the Proxy Statement/Prospectus/Information Statement, (iv) the filing of Current Report Reports on Form 8-K with the SEC within four (4) Business Days business days after the execution of this Agreement and within four (4) Business Days of the Closing Date, (ivv) filings the filing of the Articles of Conversion with the Secretary of State and the secretary of state of the State of California in connection Nevada and the Certificate of Conversion with the Reincorporation MergerSecretary of State of the State of Delaware in accordance with Section 5.25, (vi) the filing of an amendment to the Parent Amended and Restated Articles to effect the Reverse Split and increase the number of authorized shares of Parent Common Stock, and (vvii) such approvals as may be required under applicable state securities or “blue sky” Laws laws or the rules and regulations of the NYSE MKT, and except as provided in Section 4.03 of the Yuma Disclosure Schedule, no declaration, filing or registration with, or notice to, or authorization, consent or approval, ratification or permission of (any of the foregoing being a “Consent”), any Governmental Entity or authority Nasdaq or other Person is necessary under any Yuma Material Contract applicable national securities exchange or otherwise for the execution and delivery of this Agreement by Yuma or Merger Subsidiary or the consummation by Yuma or Merger Subsidiary of the transactions contemplated hereby, other than such Consents which, if not made or obtained, as the case may be, would not reasonably be expected, individually or in the aggregate, to have a Yuma Material Adverse Effect and would not prevent or materially delay the consummation of the Mergerover-the-counter market. (e) The board of directors of Yuma has approved the Merger and this Agreement and the transactions contemplated hereby and thereby, and such approval is sufficient to render inapplicable to the Merger and this Agreement and the transactions contemplated hereby the anti-takeover provisions of the CCC to the extent, if any, such provisions are applicable to the Merger, this Agreement, and the transactions contemplated hereby and thereby. No other state takeover, control share, fair price or similar statute or regulation applies to or purports to apply to Yuma with respect to the Merger, this Agreement, or the transactions contemplated hereby and thereby.

Appears in 1 contract

Samples: Merger Agreement (Myos Rens Technology Inc.)

Authority; Non-Contravention; Approvals. (a) Yuma Company has the requisite corporate power and authority to enter into this Agreement and, subject to Yuma Shareholder the Company Stockholder Approval, to perform its obligations hereunder and to consummate the transactions contemplated herebyTransactions. The execution and delivery by Yuma of this AgreementAgreement by Company, the performance by Yuma Company of its obligations hereunder, hereunder and the consummation by Yuma Company of the transactions contemplated hereby, Transactions have been duly authorized by all necessary corporate action on the part of YumaCompany, subject only to the approval Company Stockholder Approval and the filing and recordation of the Yuma Shareholder Approval Matters by the shareholders Certificate of YumaMerger pursuant to Delaware Law. The affirmative vote of the holders of (i) a majority of the outstanding shares of Yuma all Company Capital Stock voting together on an as converted to Company Common Stock outstanding on the applicable record date basis and (ii) two-thirds a majority of the outstanding shares of Yuma Series A Company Preferred Stock outstanding voting together on the applicable record date voting an as a separate class converted to Company Common Stock basis (collectively, the “Yuma Shareholder Company Stockholder Approval”) ), is the only vote of the holders of any class or series of Yuma’s Company Capital Stock necessary to adopt or this Agreement and approve the Yuma Shareholder Approval Matters. There are no bonds, debentures, notes or Merger and the other indebtedness of Yuma having the right to vote (or convertible into, or exchangeable for, securities having the right to vote) on any matters on which the holders of Yuma Common Stock may voteTransactions. This Agreement has been duly executed and delivered by each of the Yuma Entities, Company and, assuming the due authorization, execution and delivery hereof by Parent and Merger Sub, constitutes the valid and binding obligation of Company, constitutes a valid and legally binding agreement of each of the Yuma Entities, enforceable against the Yuma Entities in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium except as enforceability may be limited by bankruptcy and other similar Laws affecting creditors’ rights laws and remedies generally, and subject, as to enforceability, to general principles of equity, including principles of commercial reasonableness, good faith and fair dealing (regardless of whether enforcement is sought in a proceeding at Law or in equity). (b) The Yuma BoardCompany’s board of directors, by resolutions duly adopted by unanimous vote at a meeting of all directors of Yuma Company duly called and held and, as of the date hereofof this Agreement, not subsequently rescinded or modified in any way, has, as of the date hereof of this Agreement (i) approved this Agreement, the Reincorporation Merger Agreement and the Merger, and determined that this Agreement and the transactions contemplated herebyTransactions, including the Reincorporation Merger and the Merger, are fair to, and in the best interests of, Yuma shareholdersof the Company Stockholders, and (ii) resolved to recommend that Yuma’s shareholders the Company Stockholders adopt this Agreement and approve the Yuma Shareholder Approval Matters Merger and all other Transactions and directed that such matters be submitted for consideration of the shareholders of Yuma Company Stockholders at the Yuma ShareholdersCompany Stockholders’ Meeting. The board of directors of each of Delaware Merger Subsidiary and Merger Subsidiary, at a meeting duly called and held, has unanimously approved this Agreement, the Reincorporation Merger and the Merger, as applicable. Yuma, in its capacity as the sole stockholder of Delaware Merger Subsidiary, hereby approves of this Agreement and the Reincorporation Merger, and Delaware Merger Subsidiary, in its capacity as the sole stockholder of Merger Subsidiary, hereby approves of this Agreement and the Merger. (c) The executionexecution and delivery of this Agreement by Company does not, delivery and the performance of this Agreement by each of the Yuma Entities and the consummation of the Reincorporation MergerCompany will not, the Merger, and the other transactions contemplated hereby do not and will not violate, (i) conflict with or result in a breach violate the certificate of incorporation or bylaws of Company or the equivalent organizational documents of any provision of, or constitute a default (or an event which, with notice or lapse of time or both, would constitute a default) under, or result in the termination of, or accelerate the performance required by, or result in a right of termination or acceleration under, contractually require any offer to purchase or any prepayment of any debt, or result in the creation of any lien, security interest or encumbrance upon any of the properties or assets of Yuma under any of the terms, conditions or provisions of (i) the Governing Documents of any Yuma Companyits Subsidiaries, (ii) subject to obtaining the Company Stockholder Approval and compliance with the requirements set forth in clauses (i)-(vSection 2.03(d) of Section 4.03(d) and obtaining the Yuma Shareholder Approvalbelow, conflict with or violate any statute, Law, ordinance, rule, regulation, judgment, decree, order, injunction, writ, Permit or license of any court or Governmental Entity Legal Requirement applicable to Company or any of the Yuma Companies its Subsidiaries or by which its or any of their respective properties or assets, or (iii) any contract, agreement, commitment or understanding to which any Yuma Company is now a party or by which any of the Yuma Companies or any of their respective properties or assets may be bound or affected, except as provided in Section 4.03 of the Yuma Disclosure Schedule, and other than, in the case of clauses (ii) and (iii) of this Section 4.03(c), for any such violations, conflicts, breaches, defaults, terminations, accelerations, contractual requirements conflicts or creations of liens, security interests or encumbrances violations that would not reasonably be expectednot, individually or in the aggregate, to have a Yuma Company Material Adverse Effect and or would not prevent or materially delay the consummation of the Merger, (iii) require an Acquired Company to make any filing with or give any notice to a Person, to obtain any Consent from a Person, or result in any breach of or constitute a default (or an event that with notice or lapse of time or both would become a default) under, or impair Company’s rights or alter the rights of obligations of any third party under, or give to others any rights of termination, amendment, acceleration or cancellation of, or result in the creation of a lien or encumbrance on any of the properties or assets of Company or any of its Subsidiaries pursuant to, any Company Contract (as defined below), except as would not, individually or in the aggregate, have a Company Material Adverse Effect or prevent or materially delay the Merger or (iv) result in the creation of any Encumbrance (other than Permitted Liens) on any of the properties or assets of any Acquired Company, except as would not, individually or in the aggregate, have a Company Material Adverse Effect or prevent or materially delay the Merger. (d) Except for (i) the No material consent, approval, order or authorization of, or registration, declaration or filing with the SEC of a Registration Statement on Form S-4 under the Securities Act any Governmental Body is required by Yuma, through Delaware Merger Subsidiary, or with respect to the transactions contemplated hereby (the “Registration Statement”) and applicable filings pursuant to the Exchange Act, including the filing Company in connection with the SEC execution and delivery of Yuma’s proxy statement relating to this Agreement or the Yuma Shareholders’ Meeting consummation of the Transactions, except for (the “Proxy Statement/Prospectus”), (iii) the filing of the Certificate of Merger with the Secretary of State in connection with of the Merger, State of Delaware; (iiiii) the filing of a Current Report on Form 8-K the Proxy Statement with the SEC within four Securities and Exchange Commission (4“SEC”) Business Days after the execution of this Agreement and within four (4) Business Days of the Closing Date, (iv) filings in accordance with the Secretary Securities Exchange Act of State and 1934, as amended (the secretary of state of the State of California in connection with the Reincorporation Merger, and “Exchange Act”); (viii) such approvals Consents, orders, registrations, declarations and filings as may be required under applicable federal and state securities laws and (iv) such Consents as may be required under (A) the HSR Act or “blue sky” Laws (B) any other Legal Requirements that are designed or the rules and regulations of the NYSE MKTintended to prohibit, and except as provided in Section 4.03 of the Yuma Disclosure Schedule, no declaration, filing or registration withrestrict, or notice toregulate actions having the purpose or effect of monopolization or restraint of trade or significant impediments or lessening of competition or creation or strengthening of a dominant position through merger or acquisition (“Foreign Antitrust Laws” and, or authorizationtogether with the HSR Act, consent or approval, ratification or permission of (any of the foregoing being a ConsentAntitrust Laws”), in any Governmental Entity or authority or other Person is necessary under any Yuma Material Contract or otherwise for the execution and delivery of this Agreement by Yuma or Merger Subsidiary or the consummation by Yuma or Merger Subsidiary of the transactions contemplated hereby, other than such Consents which, if not made or obtained, as the case may be, would not reasonably be expected, individually or in the aggregate, to have a Yuma Material Adverse Effect and would not prevent or materially delay the consummation of the Merger. (e) The board of directors of Yuma has approved the Merger and this Agreement and the transactions contemplated hereby and thereby, and such approval is sufficient to render inapplicable to the Merger and this Agreement and the transactions contemplated hereby the anti-takeover provisions of the CCC to the extent, if any, such provisions that are applicable to the Merger, transactions contemplated by this Agreement, and the transactions contemplated hereby and thereby. No other state takeover, control share, fair price or similar statute or regulation applies to or purports to apply to Yuma with respect to the Merger, this Agreement, or the transactions contemplated hereby and thereby.

Appears in 1 contract

Samples: Merger Agreement (Alliqua BioMedical, Inc.)

Authority; Non-Contravention; Approvals. (a) Yuma BLBX has the requisite corporate power and authority to enter into this Agreement and, subject to Yuma Shareholder BLBX Stockholder Approval, to perform its obligations hereunder and to consummate the transactions contemplated herebyContemplated Transactions. The execution and delivery by Yuma of this AgreementAgreement by BLBX, the performance by Yuma BLBX of its obligations hereunder, hereunder and the consummation by Yuma BLBX of the transactions contemplated hereby, have Contemplated Transactions has been duly authorized by all necessary corporate action on the part of YumaBLBX, subject only to the approval of the Yuma Shareholder Approval Matters by the shareholders of YumaBLBX Stockholder Approval. The affirmative vote of the holders of (i) a majority of the outstanding shares of Yuma Common Stock outstanding on the applicable record date and (ii) two-thirds of the outstanding shares of Yuma Series A Preferred Stock outstanding on the applicable record date voting as a separate class (collectively, the “Yuma Shareholder Approval”) BLBX Stockholder Approval Threshold is the only vote of the holders of any class or series of Yuma’s Capital BLBX Common Stock necessary to adopt or approve the Yuma Shareholder BLBX Stockholder Approval MattersMatter. There are Except for BLBX Stockholder Approval, no bondsother corporate proceeding on the part of BLBX is necessary to authorize the adoption, debenturesexecution, notes delivery and performance of this Agreement or other indebtedness of Yuma having to consummate the right to vote (or convertible into, or exchangeable for, securities having the right to vote) on any matters on which the holders of Yuma Common Stock may voteAcquisition. This Agreement has been duly executed and delivered by each of the Yuma Entities, XXXX and, assuming the due authorization, execution and delivery hereof of this Agreement by Evtec and the CompanySellers, this Agreement constitutes a the valid and legally binding agreement obligation of each of the Yuma EntitiesBLBX, enforceable against the Yuma Entities in accordance with its terms, subject to applicable bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar Laws other laws affecting creditors’ rights generally and remedies generally, and subject, as to enforceability, to general principles of equity, including principles of commercial reasonableness, good faith and fair dealing (regardless of whether enforcement is sought in a proceeding at Law or in equity). (b) The Yuma BoardBLBX’s board of directors, by resolutions duly adopted by unanimous vote at a meeting of all directors of Yuma duly called and held andwritten consent, as of the date hereof, not subsequently rescinded or modified in any way, has, as of the date hereof (i) approved approved, adopted and declared advisable this Agreement, the Reincorporation Merger Agreement and the MergerAcquisition, and determined that this Agreement and the transactions contemplated hereby, including the Reincorporation Merger and the MergerContemplated Transactions, are fair to, to and in the best interests of, Yuma shareholdersof the BLBX Stockholders, and (ii) approved the BLBX Stockholder Approval Matter and resolved to recommend that Yuma’s shareholders the BLBX Stockholders approve the Yuma Shareholder BLBX Stockholder Approval Matters Matter, and directed that such matters be submitted for consideration of the shareholders of Yuma at the Yuma Shareholders’ Meeting. The board of directors of each of Delaware Merger Subsidiary and Merger Subsidiary, at a meeting duly called and held, has unanimously approved this Agreement, the Reincorporation Merger and the Merger, as applicable. Yuma, in its capacity as the sole stockholder of Delaware Merger Subsidiary, hereby approves of this Agreement and the Reincorporation Merger, and Delaware Merger Subsidiary, in its capacity as the sole stockholder of Merger Subsidiary, hereby approves of this Agreement and the MergerBLBX Stockholders. (c) The executionexecution and delivery of this Agreement by BLBX does not, delivery and the performance of this Agreement by each BLBX will not, (i) conflict with or violate the Organizational Documents of BLBX, (ii) subject to obtaining the Yuma Entities and the consummation of the Reincorporation Merger, the Merger, and the other transactions contemplated hereby do not and will not violateBLBX Stockholder Approval, conflict with or violate any Legal Requirement applicable to BLBX or by which its or any of its properties are bound or affected, or (iii) require BLBX to make any filing with or give any notice to a Person or to obtain any Consent from a Person, or result in a any breach of any provision of, or constitute a default (or an event which, that with notice or lapse of time or both, both would constitute become a default) under, or result in impair BLBX’s rights or alter the termination ofrights or obligations of any third party under, or accelerate the performance required bygive to others any rights of termination, amendment, acceleration or result in a right of termination or acceleration under, contractually require any offer to purchase or any prepayment of any debtcancellation of, or result in the creation of any lien, security interest a lien or encumbrance upon Encumbrance on any of the properties or assets of Yuma under any of the terms, conditions or provisions of (i) the Governing Documents of any Yuma Company, (ii) subject to compliance with the requirements set forth in clauses (i)-(v) of Section 4.03(d) and obtaining the Yuma Shareholder ApprovalBLBX pursuant to, any statute, Law, ordinance, rule, regulation, judgment, decree, order, injunction, writ, Permit or license of any court or Governmental Entity applicable to any of the Yuma Companies or any of their respective properties or assets, or (iii) any contract, agreement, commitment or understanding BLBX Contract to which any Yuma Company BLBX is now a party or by which any of the Yuma Companies BLBX or any of their respective its properties or assets may be are bound or affectedaffected (except, except as provided in Section 4.03 for purposes of the Yuma Disclosure Schedule, and other than, in the case of clauses (ii) and this clause (iii) of this Section 4.03(c), such violations, conflicts, breaches, defaults, terminations, accelerations, contractual requirements or creations of liens, security interests or encumbrances that as would not reasonably be expectednot, individually or in the aggregate, to have a Yuma BLBX Material Adverse Effect and would not prevent or materially delay the consummation of the MergerEffect). (d) Except No consent, approval, order or authorization of, or registration, declaration or filing with, any Governmental Body is required by or with respect to BLBX in connection with the execution and delivery of this Agreement or the consummation of the Contemplated Transactions, except for (i) the filing with the SEC of a Registration Statement on Form S-4 under the Securities Act filings contemplated by Yuma, through Delaware Merger Subsidiary, with respect to the transactions contemplated hereby (the “Registration Statement”) and applicable filings pursuant to the Exchange Act, including the filing with the SEC of Yuma’s proxy statement relating to the Yuma Shareholders’ Meeting (the “Proxy Statement/Prospectus”Section 6.3(a), (ii) the filing of the Certificate of Merger with the Secretary of State in connection with the Merger, (iii) the filing of a Current Report on Form 8-K with respect to the Acquisition (the “Acquisition Form 8-K”) with the SEC within four (4) Business Days after the execution of this Agreement and within four (4) Business Days of the Closing Date, (iv) filings with the Secretary of State and the secretary of state of the State of California in connection with the Reincorporation Merger, and (viii) such approvals as may be required under applicable state securities or “blue sky” Laws laws or the rules and regulations of the NYSE MKT, and except as provided in Section 4.03 of the Yuma Disclosure Schedule, no declaration, filing or registration with, or notice to, or authorization, consent or approval, ratification or permission of (any of the foregoing being a “Consent”), any Governmental Entity or authority or other Person is necessary under any Yuma Material Contract or otherwise for the execution and delivery of this Agreement by Yuma or Merger Subsidiary or the consummation by Yuma or Merger Subsidiary of the transactions contemplated hereby, other than such Consents which, if not made or obtained, as the case may be, would not reasonably be expected, individually or in the aggregate, to have a Yuma Material Adverse Effect and would not prevent or materially delay the consummation of the MergerNasdaq. (e) The board of directors of Yuma has approved the Merger and this Agreement and the transactions contemplated hereby and thereby, and such approval is sufficient to render inapplicable to the Merger and this Agreement and the transactions contemplated hereby the anti-takeover provisions of the CCC to the extent, if any, such provisions are applicable to the Merger, this Agreement, and the transactions contemplated hereby and thereby. No other state takeover, control share, fair price or similar statute or regulation applies to or purports to apply to Yuma with respect to the Merger, this Agreement, or the transactions contemplated hereby and thereby.

Appears in 1 contract

Samples: Share Exchange Agreement (Blackboxstocks Inc.)

Authority; Non-Contravention; Approvals. (a) Yuma Pyramid has the requisite corporate power and authority to enter into this Agreement and, subject to Yuma Pyramid Shareholder ApprovalApproval (as defined below), to perform its obligations hereunder and to consummate the transactions contemplated hereby. The execution and delivery by Yuma Pyramid of this Agreement, the performance by Yuma Pyramid of its obligations hereunder, and the consummation by Yuma Pyramid of the transactions contemplated hereby, have been duly authorized by all necessary corporate action on the part of YumaPyramid, subject only to the approval of the Yuma Pyramid Shareholder Approval Matters (as defined in Section 7.08) by the shareholders of YumaPyramid. The affirmative vote of the holders of (i) a majority of the outstanding shares of Yuma Pyramid Common Stock outstanding on the applicable record date and (ii) two-thirds of the outstanding shares of Yuma Series A Preferred Stock outstanding on the applicable record date voting as a separate class (collectively, the Yuma Pyramid Shareholder Approval”) is the only vote of the holders of any class or series of YumaPyramid’s Capital Stock capital stock necessary to adopt or approve the Yuma Pyramid Shareholder Approval Matters. There are no bonds, debentures, notes or other indebtedness of Yuma having the right to vote (or convertible into, or exchangeable for, securities having the right to vote) on any matters on which the holders of Yuma Common Stock may vote. This Agreement has been duly executed and delivered by each of the Yuma Pyramid Entities, and, assuming the due authorization, execution and delivery hereof by the Company, constitutes a valid and legally binding agreement of each of the Yuma Pyramid Entities, enforceable against the Yuma Pyramid Entities in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium and similar Laws laws affecting creditors’ rights and remedies generally, and subject, as to enforceability, to general principles of equity, including principles of commercial reasonableness, good faith and fair dealing (regardless of whether enforcement is sought in a proceeding at Law law or in equity). (b) The Yuma BoardPyramid’s Board of Directors, by resolutions duly adopted by unanimous vote at a meeting of all directors of Yuma Pyramid duly called and held and, as of the date hereof, not subsequently rescinded or modified in any way, has, as of the date hereof (i) approved this Agreement, the Reincorporation Merger and the Merger, and determined that this Agreement and the transactions contemplated hereby, including the Reincorporation Merger and the Merger, are fair to, and in the best interests of, Yuma Pyramid shareholders, and (ii) resolved to recommend that YumaPyramid’s shareholders approve the Yuma Pyramid Shareholder Approval Matters and directed that such matters be submitted for consideration of the shareholders of Yuma Pyramid at the Yuma Pyramid Shareholders’ Meeting. The board Board of directors Directors of each of Delaware Merger Subsidiary and Merger Subsidiary, at a meeting duly called and held, has unanimously approved this Agreement, the Reincorporation Merger and the Merger, as applicable. YumaPyramid, in its capacity as the sole stockholder of Delaware Merger Subsidiary, hereby approves of this Agreement and the Reincorporation Merger, and Delaware Merger Subsidiary, in its capacity as the sole stockholder of Merger Subsidiary, hereby approves of this Agreement and the Merger. (c) The execution, delivery and performance of this Agreement by each of the Yuma Pyramid Entities and the consummation of the Reincorporation Merger, the Merger, Merger and the other transactions contemplated hereby do not and will not violate, conflict with or result in a breach of any provision of, or constitute a default (or an event which, with notice or lapse of time or both, would constitute a default) under, or result in the termination of, or accelerate the performance required by, or result in a right of termination or acceleration under, contractually require any offer to purchase or any prepayment of any debt, or result in the creation of any lien, security interest or encumbrance upon any of the properties or assets of Yuma Pyramid under any of the terms, conditions or provisions of (i) the Governing Documents Restated Articles of any Yuma CompanyIncorporation or the Amended and Restated Bylaws of Pyramid, (ii) subject to compliance with the requirements set forth in clauses (i)-(v) of Section 4.03(d5.03(d) and obtaining the Yuma Pyramid Shareholder Approval, any statute, Lawlaw, ordinance, rule, regulation, judgment, decree, order, injunction, writ, Permit permit or license of any court or Governmental Entity governmental authority applicable to Pyramid or any of the Yuma Companies Pyramid subsidiary or any of their respective properties or assets, or (iii) any contract, agreement, commitment or understanding to which Pyramid or any Yuma Company Pyramid subsidiary is now a party or by which Pyramid or any of the Yuma Companies Pyramid subsidiary or any of their respective properties or assets may be bound or affected, except as provided in Section 4.03 5.03 of the Yuma Pyramid Disclosure Schedule, and other than, in the case of clauses (ii) and (iii) of this Section 4.03(c5.03(c), such violations, conflicts, breaches, defaults, terminations, accelerations, contractual requirements or creations of liens, security interests or encumbrances that would not reasonably be expected, individually or in the aggregate, to have a Yuma Pyramid Material Adverse Effect and would not prevent or materially delay the consummation of the Merger. (d) Except for (i) the filing with the SEC Securities and Exchange Commission (the “SEC”) of a Registration Statement on Form S-4 under the Securities Act of 1933, as amended (the “Securities Act”), by YumaPyramid, through Delaware Merger Subsidiary, with respect to the transactions contemplated hereby (the “Registration Statement”) and applicable filings pursuant to the Securities Exchange Act of 1934, as amended (the “Exchange Act”), including the filing with the SEC of YumaPyramid’s proxy statement relating to the Yuma Pyramid Shareholders’ Meeting (the “Proxy Statement/Prospectus”), (ii) the filing of the Certificate of Merger with the Secretary of State in connection with the Merger, (iii) the filing of a Current Report on Form 8-K with the SEC within four (4) Business Days business days after the execution of this Agreement and within four (4) Business Days of on the Closing Date, (iv) filings with the Secretary of State and the secretary of state of the State of California in connection with the Reincorporation Merger, and (v) such approvals as may be required under applicable state securities or “blue sky” Laws laws or the rules and regulations of the NYSE MKT, and except as provided in Section 4.03 5.03 of the Yuma Pyramid Disclosure Schedule, no declaration, filing or registration with, or notice to, or authorization, consent or approval, ratification or permission of (any of the foregoing being a “Consent”), any Governmental Entity governmental or regulatory body or authority or other Person person is necessary under any Yuma Pyramid Material Contract or otherwise for the execution and delivery of this Agreement by Yuma Pyramid or Merger Subsidiary or the consummation by Yuma Pyramid or Merger Subsidiary of the transactions contemplated hereby, other than such Consents which, if not made or obtained, as the case may be, would not reasonably be expected, individually or in the aggregate, to have a Yuma Pyramid Material Adverse Effect and would not prevent or materially delay the consummation of the Merger. (e) The board Board of directors Directors of Yuma Pyramid has approved the Merger and this Agreement and the transactions contemplated hereby and thereby, and such approval is sufficient to render inapplicable to the Merger and this Agreement and the transactions contemplated hereby the anti-takeover provisions of the CCC to the extent, if any, such provisions are applicable to the Merger, this Agreement, and the transactions contemplated hereby and thereby. No other state takeover, control share, fair price or similar statute or regulation applies to or purports to apply to Yuma Pyramid with respect to the Merger, this Agreement, or the transactions contemplated hereby and thereby.

Appears in 1 contract

Samples: Merger Agreement (Pyramid Oil Co)

Authority; Non-Contravention; Approvals. (a) Yuma Parent has the requisite corporate power and authority to enter into this Agreement and, subject to Yuma Shareholder Approvalthe Parent Written Consent, to perform its obligations hereunder and to consummate the transactions contemplated hereby. The execution and delivery by Yuma Parent of this Agreement, the performance by Yuma Parent of its obligations hereunder, hereunder and the consummation by Yuma Parent of the transactions contemplated hereby, hereby have been duly authorized by all necessary corporate action on the part of YumaParent and Merger Sub, subject only to the approval Parent Written Consent, to adoption of this Agreement by Parent as sole stockholder of Merger Sub immediately following the execution hereof, and the filing and recordation of the Yuma Shareholder Approval Matters by the shareholders Certificate of YumaMerger pursuant to Delaware Law. The affirmative vote of the holders of (i) a majority in voting power of the outstanding shares of Yuma Parent Common Stock outstanding on the applicable record date and (ii) two-thirds of the outstanding shares of Yuma Series A Preferred Stock outstanding on the applicable record date voting as a separate class (collectively, the Yuma Shareholder ApprovalParent Requisite Vote”) is the only vote of the holders of any class or series of Yuma’s Parent Capital Stock necessary to adopt or approve the Yuma Shareholder Approval Matters. There are no bonds, debentures, notes or other indebtedness of Yuma having matters set forth in the right to vote (or convertible into, or exchangeable for, securities having the right to vote) on any matters on which the holders of Yuma Common Stock may voteParent Written Consent. This Agreement has been duly executed and delivered by each of the Yuma Entities, Parent and Merger Sub and, assuming the due authorization, execution and delivery hereof of this Agreement by the Company, Company this Agreement constitutes a the valid and legally binding agreement obligation of each of the Yuma EntitiesParent and Merger Sub, enforceable against the Yuma Entities in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium except as enforceability may be limited by bankruptcy and other similar Laws affecting creditors’ rights laws and remedies generally, and subject, as to enforceability, to general principles of equity, including principles of commercial reasonableness, good faith and fair dealing (regardless of whether enforcement is sought in a proceeding at Law or in equity). (b) The Yuma BoardParent’s board of directors, by resolutions duly adopted by unanimous vote at a meeting the written consent of all directors of Yuma duly called and held Parent’s sole director and, as of the date hereofof this Agreement, not subsequently rescinded or modified in any way, has, as of the date hereof of this Agreement (i) approved this Agreement, the Reincorporation Merger Agreement and the Merger, and determined that this Agreement and the transactions contemplated herebyby this Agreement, including the Reincorporation Merger and the Merger, are fair to, and in the best interests of, Yuma shareholdersof Parent’s stockholders, and (ii) resolved to recommend that YumaParent’s shareholders stockholders approve the Yuma Shareholder Approval Matters and directed that such matters be submitted for consideration of the shareholders of Yuma at the Yuma Shareholders’ MeetingParent Written Consent. The board of directors of each Merger Sub, by resolutions duly adopted by the written consent of Delaware Merger Subsidiary and Merger SubsidiarySub’s sole director and, at a meeting duly called and held, has unanimously approved as of the date of this Agreement, the Reincorporation Merger not subsequently rescinded or modified in any way, has approved and the Merger, as applicable. Yuma, in its capacity as the sole stockholder of Delaware Merger Subsidiary, hereby approves of declared advisable this Agreement and the Reincorporation MergerMerger and submitted this Agreement to Parent, and Delaware Merger Subsidiaryas its sole stockholder for adoption thereby. Immediately following the execution of this Agreement, Parent in its capacity as the sole stockholder of Merger SubsidiarySub, hereby approves of shall execute a written consent adopting this Agreement and the MergerAgreement. (c) The executionexecution and delivery of this Agreement by Parent and Merger Sub does not, delivery and the performance of this Agreement by each Parent or Merger Sub will not, (i) conflict with or violate the certificate of incorporation or bylaws of Parent or Merger Sub, (ii) subject to obtaining Parent Written Consent and compliance with the Yuma Entities and the consummation of the Reincorporation Merger, the Merger, and the other transactions contemplated hereby do not and will not violaterequirements set forth in Section 3.3(d) below, conflict with or violate any Legal Requirement or Order applicable to Parent or Merger Sub or by which their respective properties are bound or affected, or (iii) require an Acquiring Company to make any filing with or give any notice to or obtain any consent from a Person pursuant to any Parent Contract, result in a any breach of any provision of, or constitute a default (or an event which, that with notice or lapse of time or both, both would constitute become a default) under, or result in impair Parent’s rights or alter the termination ofrights or obligations of any third party under, or accelerate the performance required bygive to others any rights of termination, amendment, acceleration or result in a right of termination or acceleration under, contractually require any offer to purchase or any prepayment of any debtcancellation of, or result in the creation of any lien, security interest or encumbrance upon an Encumbrance on any of the properties or assets of Yuma under any of the terms, conditions or provisions of (i) the Governing Documents of any Yuma Company, (ii) subject to compliance with the requirements set forth in clauses (i)-(v) of Section 4.03(d) and obtaining the Yuma Shareholder ApprovalParent pursuant to, any statute, Law, ordinance, rule, regulation, judgment, decree, order, injunction, writ, Permit or license of any court or Governmental Entity applicable to any of the Yuma Companies or any of their respective properties or assets, or (iii) any contract, agreement, commitment or understanding to which any Yuma Company is now a party or by which any of the Yuma Companies or any of their respective properties or assets may be bound or affected, except as provided in Section 4.03 of the Yuma Disclosure Schedule, and other than, in the case of clauses (ii) and (iii) of this Section 4.03(c), such violations, conflicts, breaches, defaults, terminations, accelerations, contractual requirements or creations of liens, security interests or encumbrances that would not reasonably be expected, individually or in the aggregate, to have a Yuma Material Adverse Effect and would not prevent or materially delay the consummation of the MergerParent Contract. (d) Except No consent, approval, Order or authorization of, or registration, declaration or filing with any Governmental Body is required by or with respect to Parent in connection with the execution and delivery of this Agreement or the consummation of the transactions contemplated hereby, except for (i) the filing with the SEC of a Registration Statement on Form S-4 any outstanding periodic reports due under the Securities Act by Yuma, through Delaware Merger Subsidiary, with respect to the transactions contemplated hereby (the “Registration Statement”) and applicable filings pursuant to the Exchange Act, including the filing with the SEC of Yuma’s proxy statement relating to the Yuma Shareholders’ Meeting (the “Proxy Statement/Prospectus”), (ii) the filing of the Certificate of Merger with the Secretary of State in connection with of the MergerState of Delaware, (iii) the filing of a Current Report Reports on Form 8-K with the SEC within four business (4as determined under applicable SEC Legal Requirements) Business Days days after the execution of this Agreement and within four (4) Business Days of the Closing Date, (iv) filings the filing of an Amended and Restated Charter with the Secretary of State and the secretary of state of the State of California in connection with the Reincorporation MergerNevada, and (v) such approvals as may be required under applicable state securities or “blue sky” Laws laws or the rules and regulations of the NYSE MKTOTC Marketplace, and except as provided in (vi) the filings contemplated by Section 4.03 of the Yuma Disclosure Schedule, no declaration, filing or registration with, or notice to, or authorization, consent or approval, ratification or permission of (any of the foregoing being a “Consent”5.4(a), any Governmental Entity or authority or other Person is necessary under any Yuma Material Contract or otherwise for the execution and delivery of this Agreement by Yuma or Merger Subsidiary or the consummation by Yuma or Merger Subsidiary of the transactions contemplated hereby, other than such Consents which, if not made or obtained, as the case may be, would not reasonably be expected, individually or in the aggregate, to have a Yuma Material Adverse Effect and would not prevent or materially delay the consummation of the Merger. (e) The board of directors of Yuma has approved the Merger and this Agreement and the transactions contemplated hereby and thereby, and such approval is sufficient to render inapplicable to the Merger and this Agreement and the transactions contemplated hereby the anti-takeover provisions of the CCC to the extent, if any, such provisions are applicable to the Merger, this Agreement, and the transactions contemplated hereby and thereby. No other state takeover, control share, fair price or similar statute or regulation applies to or purports to apply to Yuma with respect to the Merger, this Agreement, or the transactions contemplated hereby and thereby.

Appears in 1 contract

Samples: Merger Agreement (Brain Scientific Inc.)

Authority; Non-Contravention; Approvals. (a) Yuma Parent has the requisite corporate power and authority to enter into this Agreement and, subject to Yuma Shareholder Parent Stockholder Approval, to perform its obligations hereunder and to consummate the transactions contemplated herebyParent Transactions. The execution and delivery by Yuma Parent of this Agreement, the performance by Yuma Parent of its obligations hereunder, hereunder and the consummation by Yuma Parent of the transactions contemplated hereby, Parent Transactions have been duly authorized by all necessary corporate action on the part of YumaParent and Merger Sub, subject only to Parent Stockholder Approval, to adoption of this Agreement by Parent as sole stockholder of Merger Sub immediately following the approval execution hereof, the filing and recordation of an amended and restated certificate of incorporation reflecting the matters contemplated pursuant to Section 1.04(c) (the “Parent Charter Amendment”) and the filing and recordation of the Yuma Shareholder Approval Matters by Certificate of Merger pursuant to the shareholders of YumaDGCL. The affirmative vote of the holders of (i) a majority in voting power of the outstanding shares of Yuma Parent Common Stock outstanding on the applicable record date and (ii) two-thirds of the outstanding shares of Yuma Series A Preferred Stock outstanding on the applicable record date voting as a separate class (collectively, the Yuma Shareholder Parent Stockholder Approval”) is the only vote of the holders of any class or series of Yuma’s Parent Capital Stock necessary to adopt or approve the Yuma Shareholder Parent Stockholder Approval Matters. There are no bonds, debentures, notes or other indebtedness Matters (except that the approval of Yuma having the right to vote (or convertible into, or exchangeable for, securities having issuance of the right to vote) on any matters on which the holders shares of Yuma Parent Common Stock may voteto the Company Stockholders at the Effective Time only requires the affirmative vote of a majority of the votes cast assuming that a quorum is present at the Parent Stockholder Meeting). This Agreement has been duly executed and delivered by each of the Yuma Entities, Parent and Merger Sub and, assuming the due authorization, execution and delivery hereof of this Agreement by the Company, this Agreement constitutes a the valid and legally binding agreement obligation of each of the Yuma EntitiesParent and Merger Sub, enforceable against the Yuma Entities in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium except as enforceability may be limited by bankruptcy and other similar Laws affecting creditors’ rights laws and remedies generally, and subject, as to enforceability, to general principles of equity, including principles of commercial reasonableness, good faith and fair dealing (regardless of whether enforcement is sought in a proceeding at Law or in equity). (b) The Yuma BoardParent’s board of directors, by resolutions duly adopted by a unanimous vote at a meeting of all directors of Yuma Parent duly called and held held, or by unanimous written consent of the board of directors of Parent, and, as of the date hereofof this Agreement, not subsequently rescinded or modified in any way, has, as of the date hereof of this Agreement (i) approved this Agreement, the Reincorporation Merger Agreement and the Merger, and determined that this Agreement and the transactions contemplated herebyParent Transactions, including the Reincorporation Merger and the Merger, are fair to, and in the best interests of, Yuma shareholdersof Parent’s stockholders, and (ii) resolved to recommend that YumaParent’s shareholders stockholders approve the Yuma Shareholder Parent Stockholder Approval Matters and directed that such matters be submitted for consideration of the shareholders stockholders of Yuma Parent at the Yuma ShareholdersParent Stockholders’ Meeting. The board of directors of each of Delaware Merger Subsidiary Sub has approved and Merger Subsidiary, at a meeting duly called and held, has unanimously approved this Agreement, the Reincorporation Merger and the Merger, as applicable. Yuma, in its capacity as the sole stockholder of Delaware Merger Subsidiary, hereby approves of declared advisable this Agreement and the Reincorporation MergerMerger and submitted this Agreement to Parent, and Delaware Merger Subsidiaryas its sole stockholder for adoption thereby. Immediately following the execution of this Agreement, Parent in its capacity as the sole stockholder of Merger SubsidiarySub, hereby approves of shall execute a written consent adopting this Agreement and the MergerAgreement. (c) The executionexecution and delivery of this Agreement by Parent and Merger Sub does not, delivery and the performance of this Agreement by each of the Yuma Entities and the consummation of the Reincorporation MergerParent or Merger Sub will not, the Merger, and the other transactions contemplated hereby do not and will not violate, (i) conflict with or result in a breach violate the certificate of any provision of, incorporation or constitute a default (bylaws of Parent or an event which, with notice or lapse of time or both, would constitute a default) under, or result in the termination of, or accelerate the performance required by, or result in a right of termination or acceleration under, contractually require any offer to purchase or any prepayment of any debt, or result in the creation of any lien, security interest or encumbrance upon any of the properties or assets of Yuma under any of the terms, conditions or provisions of (i) the Governing Documents of any Yuma CompanyMerger Sub, (ii) subject to obtaining Parent Stockholder Approval and compliance with the requirements set forth in clauses (i)-(vSection 3.03(d) of Section 4.03(d) and obtaining the Yuma Shareholder Approvalbelow, conflict with or violate any statute, Law, ordinance, rule, regulation, judgment, decreeLegal Requirement, order, injunction, writ, Permit judgment or license of any court or Governmental Entity decree applicable to any of the Yuma Companies Parent or any of Merger Sub or by which their respective properties or assets, or (iii) any contract, agreement, commitment or understanding to which any Yuma Company is now a party or by which any of the Yuma Companies or any of their respective properties or assets may be are bound or affected, except as provided in Section 4.03 of the Yuma Disclosure Schedule, and other than, in the case of clauses (ii) and (iii) of this Section 4.03(c), for any such violations, conflicts, breaches, defaults, terminations, accelerations, contractual requirements conflicts or creations of liens, security interests or encumbrances violations that would not reasonably be expected, individually or in the aggregate, to have a Yuma Parent Material Adverse Effect and or would not prevent or materially delay the consummation of the Merger, (iii) require an Acquiring Company to make any filing with or give any notice to or obtain any Consent from a Person pursuant to any Parent Contract, result in any breach of or constitute a default (or an event that with notice or lapse of time or both would become a default) under, or impair Parent’s rights or alter the rights or obligations of any third party under, or give to others any rights of termination, amendment, acceleration or cancellation of, or result in the creation of a lien or Encumbrance on any of the properties or assets of Parent pursuant to, any Parent Contract or (iv) otherwise result in the creation of any Encumbrance on any of the properties or assets of Parent. (d) Except No consent, approval, order or authorization of, or registration, declaration or filing with any Governmental Body is required by or with respect to Parent in connection with the execution and delivery of this Agreement or the consummation of the Parent Transactions, except for (i) the filing with the SEC of a Registration Statement on Form S-4 any outstanding periodic reports due under the Securities Act by Yuma, through Delaware Merger Subsidiary, with respect to the transactions contemplated hereby (the “Registration Statement”) and applicable filings pursuant to the Exchange Act, including the filing with the SEC of Yuma’s proxy statement relating to the Yuma Shareholders’ Meeting (the “Proxy Statement/Prospectus”), (ii) the filing of the Certificate of Merger with the Secretary of State in connection with of the MergerState of Delaware, (iii) the filing of a the S-4 Registration Statement and the Proxy Statement/Prospectus with the SEC in accordance with the Exchange Act, (iv) the filing of Current Report Reports on Form 8-K with the SEC within four (4) Business Days business days after the execution of this Agreement and within four (4) Business Days of the Closing Date, (ivv) filings the filing of the Parent Charter Amendment with the Secretary of State and the secretary of state of the State of California Delaware in connection accordance with the Reincorporation MergerSection 5.15, and (vvii) such approvals as may be required under applicable state securities or “blue sky” Laws laws or the rules and regulations of the NYSE MKT, and except as provided in Section 4.03 of the Yuma Disclosure Schedule, no declaration, filing or registration with, or notice to, or authorization, consent or approval, ratification or permission of (any of the foregoing being a “Consent”), any Governmental Entity or authority Nasdaq or other Person is necessary applicable national securities exchange or over-the-counter market and (viii) such consents as may be required under the Antitrust Laws, in any Yuma Material Contract or otherwise for the execution and delivery of this Agreement by Yuma or Merger Subsidiary or the consummation by Yuma or Merger Subsidiary of the transactions contemplated hereby, other than such Consents which, if not made or obtained, as the case may be, would not reasonably be expected, individually or in the aggregate, to have a Yuma Material Adverse Effect and would not prevent or materially delay the consummation of the Merger. (e) The board of directors of Yuma has approved the Merger and this Agreement and the transactions contemplated hereby and thereby, and such approval is sufficient to render inapplicable to the Merger and this Agreement and the transactions contemplated hereby the anti-takeover provisions of the CCC to the extent, if any, such provisions that are applicable to the Merger, transactions contemplated by this Agreement, and the transactions contemplated hereby and thereby. No other state takeover, control share, fair price or similar statute or regulation applies to or purports to apply to Yuma with respect to the Merger, this Agreement, or the transactions contemplated hereby and thereby.

Appears in 1 contract

Samples: Merger Agreement (DropCar, Inc.)

Authority; Non-Contravention; Approvals. (a) Yuma Parent has the requisite corporate power and authority to enter into this Agreement and, subject to Yuma Shareholder Approvalthe Parent Stockholders’ Written Consent, to perform its obligations hereunder and to consummate the transactions contemplated hereby. The execution and delivery by Yuma Parent of this Agreement, the performance by Yuma Parent of its obligations hereunder, hereunder and the consummation by Yuma Parent of the transactions contemplated hereby, hereby have been duly authorized by all necessary corporate action on the part of YumaParent and Merger Sub, subject only to the approval Parent Stockholders’ Written Consent, the adoption of this Agreement by Parent as sole stockholder of Merger Sub immediately following the execution hereof, and the filing and recordation of the Yuma Shareholder Approval Matters by the shareholders Certificate of YumaMerger pursuant to Delaware Law. The affirmative vote of the holders of (i) a majority of the outstanding shares of Yuma Common Stock outstanding on the applicable record date and (ii) two-thirds of the outstanding shares of Yuma Series A Preferred Stock outstanding on the applicable record date voting as a separate class (collectively, the “Yuma Shareholder Approval”) Parent Requisite Vote is the only vote of the holders of any class or series of Yuma’s Capital Stock necessary to adopt or approve the Yuma Shareholder Approval Matters. There are no bonds, debentures, notes or other indebtedness of Yuma having matters set forth in the right to vote (or convertible into, or exchangeable for, securities having the right to vote) on any matters on which the holders of Yuma Common Stock may voteParent Stockholders’ Written Consent. This Agreement has been duly executed and delivered by each of the Yuma Entities, Parent and Merger Sub and, assuming the due authorization, execution and delivery hereof of this Agreement by Company and the CompanyCompany Stockholders, this Agreement constitutes a the valid and legally binding agreement obligation of each of the Yuma EntitiesParent and Merger Sub, enforceable against the Yuma Entities in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium except as enforceability may be limited by bankruptcy and other similar Laws affecting creditors’ rights laws and remedies generally, and subject, as to enforceability, to general principles of equity, including principles of commercial reasonableness, good faith and fair dealing (regardless of whether enforcement is sought in a proceeding at Law or in equity). (b) The Yuma BoardParent’s board of directors, by resolutions duly adopted by unanimous vote at a meeting the Written Consent of all directors of Yuma duly called and held Parent’s sole director and, as of the date hereofof this Agreement, not subsequently rescinded or modified in any way, has, as of the date hereof of this Agreement (i) approved this Agreement, the Reincorporation Merger Agreement and the Merger, and determined that this Agreement and the transactions contemplated herebyby this Agreement, including the Reincorporation Merger and the Merger, are fair to, and in the best interests of, Yuma shareholdersof Parent Stockholders, and (ii) resolved to recommend that Yuma’s shareholders Parent Stockholders approve the Yuma Shareholder Approval Matters and directed that such matters be submitted for consideration of the shareholders of Yuma at the Yuma ShareholdersParent StockholdersMeetingWritten Consent. The board of directors of each Merger Sub, by resolutions duly adopted by the Written Consent of Delaware Merger Subsidiary and Merger SubsidiarySub’s sole director and, at a meeting duly called and held, has unanimously approved as of the date of this Agreement, the Reincorporation Merger not subsequently rescinded or modified in any way, has approved and the Merger, as applicable. Yuma, in its capacity as the sole stockholder of Delaware Merger Subsidiary, hereby approves of declared advisable this Agreement and the Reincorporation MergerMerger and submitted this Agreement to Parent, and Delaware Merger Subsidiaryas its sole stockholder for adoption thereby. Immediately following the execution of this Agreement, Parent, in its capacity as the sole stockholder of Merger SubsidiarySub, hereby approves of shall execute a written consent adopting this Agreement and the MergerAgreement. (c) The executionexecution and delivery of this Agreement by Parent and Merger Sub does not, delivery and the performance of this Agreement by each Parent or Merger Sub will not, (i) conflict with or violate the certificate of incorporation or bylaws of Parent or Merger Sub, (ii) subject to obtaining Parent Stockholders’ Written Consent and compliance with the Yuma Entities and the consummation of the Reincorporation Merger, the Merger, and the other transactions contemplated hereby do not and will not violaterequirements set forth herein below, conflict with or violate any Legal Requirement, order, judgment or decree applicable to Parent or Merger Sub, or (iii) require an Acquiring Company to make any filing with or give any notice to or obtain any Consent from a Person pursuant to any Parent Contract, result in a any breach of any provision of, or constitute a default (or an event which, that with notice or lapse of time or both, both would constitute become a default) under, or result in impair Parent’s rights or alter the termination ofrights or obligations of any third party under, or accelerate the performance required bygive to others any rights of termination, amendment, acceleration or result in a right of termination or acceleration under, contractually require any offer to purchase or any prepayment of any debtcancellation of, or result in the creation of any lien, security interest a lien or encumbrance upon on any of the properties or assets of Yuma under any of the terms, conditions or provisions of (i) the Governing Documents of any Yuma Company, (ii) subject to compliance with the requirements set forth in clauses (i)-(v) of Section 4.03(d) and obtaining the Yuma Shareholder ApprovalParent pursuant to, any statute, Law, ordinance, rule, regulation, judgment, decree, order, injunction, writ, Permit or license of any court or Governmental Entity applicable to any of the Yuma Companies or any of their respective properties or assets, or (iii) any contract, agreement, commitment or understanding to which any Yuma Company is now a party or by which any of the Yuma Companies or any of their respective properties or assets may be bound or affected, except as provided in Section 4.03 of the Yuma Disclosure Schedule, and other than, in the case of clauses (ii) and (iii) of this Section 4.03(c), such violations, conflicts, breaches, defaults, terminations, accelerations, contractual requirements or creations of liens, security interests or encumbrances that would not reasonably be expected, individually or in the aggregate, to have a Yuma Material Adverse Effect and would not prevent or materially delay the consummation of the MergerParent Contract. (d) Except No consent, approval, order or authorization of, or registration, declaration or filing with any Governmental Body is required by or with respect to Parent in connection with the execution and delivery of this Agreement or the consummation of the transactions contemplated hereby, except for (i) the filing with the SEC of a Registration Statement on Form S-4 any outstanding periodic reports due under the Securities Act by Yuma, through Delaware Merger Subsidiary, with respect to the transactions contemplated hereby (the “Registration Statement”) and applicable filings pursuant to the Exchange Act, including the filing with the SEC of Yuma’s proxy statement relating to the Yuma Shareholders’ Meeting (the “Proxy Statement/Prospectus”), (ii) the filing of the Certificate of Merger with the Secretary of State in connection with of the MergerState of Delaware, (iii) the filing of a Current Report Reports on Form 8-K with the SEC within four (4) Business Days business days after the execution of this Agreement and within four (4) Business Days of the Closing Date, (iv) filings with the Secretary of State and the secretary of state filing of the State Certificate to Accompany Restated Articles or Amended and Restated Articles and Amended and Restated Articles of California Incorporation as set forth in connection with the Reincorporation MergerExhibit G, and (v) such approvals as may be required under applicable state securities or “blue sky” Laws or the rules and regulations of the NYSE MKTOTC Pink Market, and except as provided in (vi) the filings contemplated by Section 4.03 of the Yuma Disclosure Schedule, no declaration, filing or registration with, or notice to, or authorization, consent or approval, ratification or permission of (any of the foregoing being a “Consent”), any Governmental Entity or authority or other Person is necessary under any Yuma Material Contract or otherwise for the execution and delivery of this Agreement by Yuma or Merger Subsidiary or the consummation by Yuma or Merger Subsidiary of the transactions contemplated hereby, other than such Consents which, if not made or obtained, as the case may be, would not reasonably be expected, individually or in the aggregate, to have a Yuma Material Adverse Effect and would not prevent or materially delay the consummation of the Merger3.5. (e) The board of directors of Yuma has approved the Merger and this Agreement and the transactions contemplated hereby and thereby, and such approval is sufficient to render inapplicable to the Merger and this Agreement and the transactions contemplated hereby the anti-takeover provisions of the CCC to the extent, if any, such provisions are applicable to the Merger, this Agreement, and the transactions contemplated hereby and thereby. No other state takeover, control share, fair price or similar statute or regulation applies to or purports to apply to Yuma with respect to the Merger, this Agreement, or the transactions contemplated hereby and thereby.

Appears in 1 contract

Samples: Merger Agreement (Zev Ventures Inc.)

Authority; Non-Contravention; Approvals. (a) Yuma Parent has the requisite corporate power and authority to enter into this Agreement and, subject to Yuma Shareholder Approvalthe Parent Written Consent, to perform its obligations hereunder and to consummate the transactions contemplated hereby. The execution and delivery by Yuma Parent of this Agreement, the performance by Yuma Parent of its obligations hereunder, hereunder and the consummation by Yuma Parent of the transactions contemplated hereby, hereby have been duly authorized by all necessary corporate action on the part of YumaParent and Merger Sub, subject only to the approval Parent Written Consent, to adoption of this Agreement by Parent as sole stockholder of Merger Sub immediately following the execution hereof, and the filing and recordation of the Yuma Shareholder Approval Matters by the shareholders Certificate of YumaMerger pursuant to Delaware Law. The affirmative vote of the holders of (i) a majority in voting power of the outstanding shares of Yuma Parent Common Stock outstanding on the applicable record date and (ii) two-thirds of the outstanding shares of Yuma Series A Preferred Stock outstanding on the applicable record date voting as a separate class (collectively, the Yuma Shareholder ApprovalParent Requisite Vote”) is the only vote of the holders of any class or series of Yuma’s Parent Capital Stock necessary to adopt or approve the Yuma Shareholder Approval Matters. There are no bonds, debentures, notes or other indebtedness of Yuma having matters set forth in the right to vote (or convertible into, or exchangeable for, securities having the right to vote) on any matters on which the holders of Yuma Common Stock may voteParent Written Consent. This Agreement has been duly executed and delivered by each of the Yuma Entities, Parent and Merger Sub and, assuming the due authorization, execution and delivery hereof of this Agreement by Company and the CompanyCompany Stockholders’ Agent, this Agreement constitutes a the valid and legally binding agreement obligation of each of the Yuma EntitiesParent and Merger Sub, enforceable against the Yuma Entities in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium except as enforceability may be limited by bankruptcy and other similar Laws affecting creditors’ rights laws and remedies generally, and subject, as to enforceability, to general principles of equity, including principles of commercial reasonableness, good faith and fair dealing (regardless of whether enforcement is sought in a proceeding at Law or in equity). (b) The Yuma BoardParent’s board of directors, by resolutions duly adopted by unanimous vote at a meeting the written consent of all directors of Yuma duly called and held Parent’s sole director and, as of the date hereofof this Agreement, not subsequently rescinded or modified in any way, has, as of the date hereof of this Agreement (i) approved this Agreement, the Reincorporation Merger Agreement and the Merger, and determined that this Agreement and the transactions contemplated herebyby this Agreement, including the Reincorporation Merger and the Merger, are fair to, and in the best interests of, Yuma shareholdersof Parent’s stockholders, and (ii) resolved to recommend that YumaParent’s shareholders stockholders approve the Yuma Shareholder Approval Matters and directed that such matters be submitted for consideration of the shareholders of Yuma at the Yuma Shareholders’ MeetingParent Written Consent. The board of directors of each Merger Sub, by resolutions duly adopted by the written consent of Delaware Merger Subsidiary and Merger SubsidiarySub’s sole director and, at a meeting duly called and held, has unanimously approved as of the date of this Agreement, the Reincorporation Merger not subsequently rescinded or modified in any way, has approved and the Merger, as applicable. Yuma, in its capacity as the sole stockholder of Delaware Merger Subsidiary, hereby approves of declared advisable this Agreement and the Reincorporation MergerMerger and submitted this Agreement to Parent, and Delaware Merger Subsidiaryas its sole stockholder for adoption thereby. Immediately following the execution of this Agreement, Parent in its capacity as the sole stockholder of Merger SubsidiarySub, hereby approves of shall execute a written consent adopting this Agreement and the MergerAgreement. (c) The executionexecution and delivery of this Agreement by Parent and Merger Sub does not, delivery and the performance of this Agreement by each Parent or Merger Sub will not, (i) conflict with or violate the certificate of incorporation or bylaws of Parent or Merger Sub, (ii) subject to obtaining Parent Written Consent and compliance with the Yuma Entities and the consummation of the Reincorporation Merger, the Merger, and the other transactions contemplated hereby do not and will not violaterequirements set forth in Section 3.3(d) below, conflict with or violate any Legal Requirement, order, judgment or decree applicable to Parent or Merger Sub or by which their respective properties are bound or affected, or (iii) require an Acquiring Company to make any filing with or give any notice to or obtain any Consent from a Person pursuant to any Parent Contract, result in a any breach of any provision of, or constitute a default (or an event which, that with notice or lapse of time or both, both would constitute become a default) under, or result in impair Parent’s rights or alter the termination ofrights or obligations of any third party under, or accelerate the performance required bygive to others any rights of termination, amendment, acceleration or result in a right of termination or acceleration under, contractually require any offer to purchase or any prepayment of any debtcancellation of, or result in the creation of any lien, security interest a lien or encumbrance upon on any of the properties or assets of Yuma under any of the terms, conditions or provisions of (i) the Governing Documents of any Yuma Company, (ii) subject to compliance with the requirements set forth in clauses (i)-(v) of Section 4.03(d) and obtaining the Yuma Shareholder ApprovalParent pursuant to, any statute, Law, ordinance, rule, regulation, judgment, decree, order, injunction, writ, Permit or license of any court or Governmental Entity applicable to any of the Yuma Companies or any of their respective properties or assets, or (iii) any contract, agreement, commitment or understanding to which any Yuma Company is now a party or by which any of the Yuma Companies or any of their respective properties or assets may be bound or affected, except as provided in Section 4.03 of the Yuma Disclosure Schedule, and other than, in the case of clauses (ii) and (iii) of this Section 4.03(c), such violations, conflicts, breaches, defaults, terminations, accelerations, contractual requirements or creations of liens, security interests or encumbrances that would not reasonably be expected, individually or in the aggregate, to have a Yuma Material Adverse Effect and would not prevent or materially delay the consummation of the MergerParent Contract. (d) Except No consent, approval, order or authorization of, or registration, declaration or filing with any Governmental Body is required by or with respect to Parent in connection with the execution and delivery of this Agreement or the consummation of the transactions contemplated hereby, except for (i) the filing with the SEC of a Registration Statement on Form S-4 any outstanding periodic reports due under the Securities Act by Yuma, through Delaware Merger Subsidiary, with respect to the transactions contemplated hereby (the “Registration Statement”) and applicable filings pursuant to the Exchange Act, including the filing with the SEC of Yuma’s proxy statement relating to the Yuma Shareholders’ Meeting (the “Proxy Statement/Prospectus”), (ii) the filing of the Certificate of Merger with the Secretary of State in connection with of the MergerState of Delaware, (iii) the filing of a Current Report Reports on Form 8-K with the SEC within four (4) Business Days business days after the execution of this Agreement and within four (4) Business Days of the Closing Date, (iv) filings the filing of an Amended and Restated Charter with the Secretary of State and the secretary of state of the State of California in connection with the Reincorporation MergerNevada, and (v) such approvals as may be required under applicable state securities or “blue sky” Laws laws or the rules and regulations of the NYSE MKTOTCQB Market, and except as provided in (vi) the filings contemplated by Section 4.03 of the Yuma Disclosure Schedule, no declaration, filing or registration with, or notice to, or authorization, consent or approval, ratification or permission of (any of the foregoing being a “Consent”5.5(a), any Governmental Entity or authority or other Person is necessary under any Yuma Material Contract or otherwise for the execution and delivery of this Agreement by Yuma or Merger Subsidiary or the consummation by Yuma or Merger Subsidiary of the transactions contemplated hereby, other than such Consents which, if not made or obtained, as the case may be, would not reasonably be expected, individually or in the aggregate, to have a Yuma Material Adverse Effect and would not prevent or materially delay the consummation of the Merger. (e) The board of directors of Yuma has approved the Merger and this Agreement and the transactions contemplated hereby and thereby, and such approval is sufficient to render inapplicable to the Merger and this Agreement and the transactions contemplated hereby the anti-takeover provisions of the CCC to the extent, if any, such provisions are applicable to the Merger, this Agreement, and the transactions contemplated hereby and thereby. No other state takeover, control share, fair price or similar statute or regulation applies to or purports to apply to Yuma with respect to the Merger, this Agreement, or the transactions contemplated hereby and thereby.

Appears in 1 contract

Samples: Merger Agreement (Senseonics Holdings, Inc.)

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Authority; Non-Contravention; Approvals. (a) Yuma Company has the requisite corporate power and authority to enter into this Agreement and, subject to Yuma Shareholder ApprovalRequired Company Stockholder Vote, to perform its obligations hereunder and to consummate the transactions contemplated herebyTransactions. The execution and delivery by Yuma of this AgreementAgreement by Company, the performance by Yuma Company of its obligations hereunder, hereunder and the consummation by Yuma Company of the transactions contemplated hereby, Transactions have been duly authorized by all necessary corporate action on the part of YumaCompany, subject only to Required Company Stockholder Vote and the approval filing and recordation of the Yuma Shareholder Approval Matters by the shareholders Certificate of YumaMerger pursuant to Delaware Law. The affirmative vote of the holders of (i) a majority in voting power of the outstanding shares of Yuma Common Stock outstanding on the applicable record date and (ii) two-thirds of the outstanding shares of Yuma Series A Company Preferred Stock outstanding on the applicable record date (voting together as one class) and (ii) a separate class majority in voting power of the outstanding shares of all Company Capital Stock on an as converted to Company Common Stock basis (collectively, the Yuma Shareholder ApprovalRequired Company Stockholder Vote”) is the only vote of the holders of any class or series of Yuma’s Company Capital Stock necessary to adopt or this Agreement and approve the Yuma Shareholder Approval Matters. There are no bonds, debentures, notes or Merger and the other indebtedness of Yuma having the right to vote (or convertible into, or exchangeable for, securities having the right to vote) on any matters on which the holders of Yuma Common Stock may voteTransactions. This Agreement has been duly executed and delivered by each of the Yuma Entities, Company and, assuming the due authorization, execution and delivery hereof by Parent and Merger Sub constitutes the valid and binding obligation of Company, constitutes a valid and legally binding agreement of each of the Yuma Entities, enforceable against the Yuma Entities in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium except as enforceability may be limited by bankruptcy and other similar Laws affecting creditors’ rights laws and remedies generally, and subject, as to enforceability, to general principles of equity, including principles of commercial reasonableness, good faith and fair dealing (regardless of whether enforcement is sought in a proceeding at Law or in equity). (b) The Yuma BoardCompany’s board of directors, by resolutions duly adopted by unanimous vote at a meeting of all directors of Yuma Company duly called and held and, as of the date hereofof this Agreement, not subsequently rescinded or modified in any way, has, as of the date hereof of this Agreement (i) approved this Agreement, the Reincorporation Merger Agreement and the Merger, and determined that this Agreement and the transactions contemplated herebyTransactions, including the Reincorporation Merger and the Merger, are fair to, and in the best interests of, Yuma shareholdersof the Company Stockholders, and (ii) resolved to recommend that Yuma’s shareholders the Company Stockholders adopt this Agreement and approve the Yuma Shareholder Approval Matters Merger and all other Transactions and directed that such matters be submitted for consideration of the shareholders of Yuma Company Stockholders at the Yuma ShareholdersCompany Stockholders’ Meeting. The board of directors of each of Delaware Merger Subsidiary and Merger Subsidiary, at a meeting duly called and held, has unanimously approved this Agreement, the Reincorporation Merger and the Merger, as applicable. Yuma, in its capacity as the sole stockholder of Delaware Merger Subsidiary, hereby approves of this Agreement and the Reincorporation Merger, and Delaware Merger Subsidiary, in its capacity as the sole stockholder of Merger Subsidiary, hereby approves of this Agreement and the Merger. (c) The executionexecution and delivery of this Agreement by Company does not, delivery and the performance of this Agreement by each of the Yuma Entities and the consummation of the Reincorporation MergerCompany will not, the Merger, and the other transactions contemplated hereby do not and will not violate, (i) conflict with or result in a breach violate the certificate of incorporation or bylaws of Company or the equivalent organizational documents of any provision of, or constitute a default (or an event which, with notice or lapse of time or both, would constitute a default) under, or result in the termination of, or accelerate the performance required by, or result in a right of termination or acceleration under, contractually require any offer to purchase or any prepayment of any debt, or result in the creation of any lien, security interest or encumbrance upon any of the properties or assets of Yuma under any of the terms, conditions or provisions of (i) the Governing Documents of any Yuma Companyits Subsidiaries, (ii) subject to obtaining the Required Company Stockholder Vote and compliance with the requirements set forth in clauses (i)-(vSection 2.3(d) of Section 4.03(d) and obtaining the Yuma Shareholder Approvalbelow, conflict with or violate any statute, Law, ordinance, rule, regulation, judgment, decree, order, injunction, writ, Permit or license of any court or Governmental Entity Legal Requirement applicable to Company or any of the Yuma Companies its Subsidiaries or by which its or any of their respective properties or assets, or (iii) any contract, agreement, commitment or understanding to which any Yuma Company is now a party or by which any of the Yuma Companies or any of their respective properties or assets may be bound or affected, except as provided in Section 4.03 of the Yuma Disclosure Schedule, and other than, in the case of clauses (ii) and (iii) of this Section 4.03(c), for any such violations, conflicts, breaches, defaults, terminations, accelerations, contractual requirements conflicts or creations of liens, security interests or encumbrances violations that would not reasonably be expectednot, individually or in the aggregate, to have a Yuma Company Material Adverse Effect and or would not prevent or materially delay the consummation of the Merger, or (iii) require an Acquired Company to make any filing with or give any notice to a Person, to obtain any Consent from a Person, or result in any breach of or constitute a default (or an event that with notice or lapse of time or both would become a default) under, or impair Company’s rights or alter the rights of obligations of any third party under, or give to others any rights of termination, amendment, acceleration or cancellation of, or result in the creation of a lien or encumbrance on any of the properties or assets of Company or any of its Subsidiaries pursuant to, any Company Contract (as defined below), except as would not, individually or in the aggregate, have a Company Material Adverse Effect or prevent or materially delay the Merger. (d) Except for (i) the No material consent, approval, order or authorization of, or registration, declaration or filing with the SEC of a Registration Statement on Form S-4 under the Securities Act any Governmental Body is required by Yuma, through Delaware Merger Subsidiary, or with respect to the transactions contemplated hereby (the “Registration Statement”) and applicable filings pursuant to the Exchange Act, including the filing Company in connection with the SEC execution and delivery of Yuma’s proxy statement relating to this Agreement or the Yuma Shareholders’ Meeting consummation of the Transactions, except for (the “Proxy Statement/Prospectus”), (iii) the filing of the Certificate of Merger with the Secretary of State in connection with of the MergerState of Delaware, (iiiii) the filing of a Current Report on Form 8-K the Proxy Statement/Prospectus/ Information Statement with the SEC within four Securities and Exchange Commission (4“SEC”) Business Days after the execution of this Agreement and within four (4) Business Days of the Closing Date, (iv) filings in accordance with the Secretary Securities Exchange Act of State and 1934, as amended (the secretary of state of the State of California in connection with the Reincorporation Merger, “Exchange Act”) and (viii) such approvals Consents orders, registrations, declarations and filings as may be required under applicable federal and state securities or “blue sky” Laws or the rules and regulations of the NYSE MKT, and except as provided in Section 4.03 of the Yuma Disclosure Schedule, no declaration, filing or registration with, or notice to, or authorization, consent or approval, ratification or permission of (any of the foregoing being a “Consent”), any Governmental Entity or authority or other Person is necessary under any Yuma Material Contract or otherwise for the execution and delivery of this Agreement by Yuma or Merger Subsidiary or the consummation by Yuma or Merger Subsidiary of the transactions contemplated hereby, other than such Consents which, if not made or obtained, as the case may be, would not reasonably be expected, individually or in the aggregate, to have a Yuma Material Adverse Effect and would not prevent or materially delay the consummation of the Mergerlaws. (e) The board of directors of Yuma has approved the Merger and this Agreement and the transactions contemplated hereby and thereby, and such approval is sufficient to render inapplicable to the Merger and this Agreement and the transactions contemplated hereby the anti-takeover provisions of the CCC to the extent, if any, such provisions are applicable to the Merger, this Agreement, and the transactions contemplated hereby and thereby. No other state takeover, control share, fair price or similar statute or regulation applies to or purports to apply to Yuma with respect to the Merger, this Agreement, or the transactions contemplated hereby and thereby.

Appears in 1 contract

Samples: Merger Agreement (Mast Therapeutics, Inc.)

Authority; Non-Contravention; Approvals. (a) Yuma Parent has the requisite corporate power and authority to enter into this Agreement and, subject to Yuma Shareholder Parent Stockholder Approval, to perform its obligations hereunder and to consummate the transactions contemplated hereby. The execution and delivery by Yuma Parent of this Agreement, the performance by Yuma Parent of its obligations hereunder, hereunder and the consummation by Yuma Parent of the transactions contemplated hereby, hereby have been duly authorized by all necessary corporate action on the part of YumaParent and Merger Sub, subject only to Parent Stockholder Approval, to adoption of this Agreement by Parent as sole stockholder of Merger Sub immediately following the approval execution hereof, and the filing and recordation of the Yuma Shareholder Approval Matters by the shareholders Certificate of YumaMerger pursuant to Delaware Law. The affirmative vote of the holders of (i) a majority in voting power of the outstanding shares of Yuma Parent Common Stock outstanding on the applicable record date and (ii) two-thirds of the outstanding shares of Yuma Series A Preferred Stock outstanding on the applicable record date voting as a separate class (collectively, the Yuma Shareholder Parent Stockholder Approval”) is the only vote of the holders of any class or series of Yuma’s Parent Capital Stock necessary to adopt or approve the Yuma Shareholder Parent Stockholder Approval Matters. There are no bonds, debentures, notes or other indebtedness of Yuma having the right to vote (or convertible into, or exchangeable for, securities having the right to vote) on any matters on which the holders of Yuma Common Stock may vote. This Agreement has been duly executed and delivered by each of the Yuma Entities, Parent and Merger Sub and, assuming the due authorization, execution and delivery hereof of this Agreement by Company and the CompanyCompany Stockholders’ Agent, this Agreement constitutes a the valid and legally binding agreement obligation of each of the Yuma EntitiesParent and Merger Sub, enforceable against the Yuma Entities in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium except as enforceability may be limited by bankruptcy and other similar Laws affecting creditors’ rights laws and remedies generally, and subject, as to enforceability, to general principles of equity, including principles of commercial reasonableness, good faith and fair dealing (regardless of whether enforcement is sought in a proceeding at Law or in equity). (b) The Yuma BoardParent’s board of directors, by resolutions duly adopted by unanimous vote at a meeting of all directors of Yuma Parent duly called and held and, as of the date hereofof this Agreement, not subsequently rescinded or modified in any way, has, as of the date hereof of this Agreement (i) approved this Agreement, the Reincorporation Merger Agreement and the Merger, and determined that this Agreement and the transactions contemplated herebyby this Agreement, including the Reincorporation Merger and the Merger, are fair to, and in the best interests of, Yuma shareholdersof Parent’s stockholders, and (ii) resolved to recommend that YumaParent’s shareholders stockholders approve the Yuma Shareholder Parent Stockholder Approval Matters and directed that such matters be submitted for consideration of the shareholders stockholders of Yuma Parent at the Yuma ShareholdersParent Stockholders’ Meeting. The board of directors of each of Delaware Merger Subsidiary and Merger SubsidiarySub, at a meeting duly called and held, has unanimously approved this Agreement, the Reincorporation Merger and the Merger, as applicable. Yuma, in its capacity as the sole stockholder of Delaware Merger Subsidiary, hereby approves of declared advisable this Agreement and the Reincorporation MergerMerger and submitted this Agreement to Parent, and Delaware Merger Subsidiaryas its sole stockholder for adoption thereby. Immediately following the execution of this Agreement, Parent in its capacity as the sole stockholder of Merger SubsidiarySub, hereby approves of shall execute a written consent adopting this Agreement and the MergerAgreement. (c) The executionexecution and delivery of this Agreement by Parent and Merger Sub does not, delivery and the performance of this Agreement by each of the Yuma Entities and the consummation of the Reincorporation MergerParent or Merger Sub will not, the Merger, and the other transactions contemplated hereby do not and will not violate, (i) conflict with or result in a breach violate the certificate of any provision of, incorporation or constitute a default (bylaws of Parent or an event which, with notice or lapse of time or both, would constitute a default) under, or result in the termination of, or accelerate the performance required by, or result in a right of termination or acceleration under, contractually require any offer to purchase or any prepayment of any debt, or result in the creation of any lien, security interest or encumbrance upon any of the properties or assets of Yuma under any of the terms, conditions or provisions of (i) the Governing Documents of any Yuma CompanyMerger Sub, (ii) subject to obtaining Parent Stockholder Approval and compliance with the requirements set forth in clauses (i)-(vSection 3.3(d) of Section 4.03(d) and obtaining the Yuma Shareholder Approvalbelow, conflict with or violate any statute, Law, ordinance, rule, regulation, judgment, decreeLegal Requirement, order, injunction, writ, Permit judgment or license of any court or Governmental Entity decree applicable to any of the Yuma Companies Parent or any of Merger Sub or by which their respective properties or assets, or (iii) any contract, agreement, commitment or understanding to which any Yuma Company is now a party or by which any of the Yuma Companies or any of their respective properties or assets may be are bound or affected, except as provided in Section 4.03 of the Yuma Disclosure Schedule, and other than, in the case of clauses (ii) and (iii) of this Section 4.03(c), for any such violations, conflicts, breaches, defaults, terminations, accelerations, contractual requirements conflicts or creations of liens, security interests or encumbrances violations that would not reasonably be expected, individually or in the aggregate, to have a Yuma Parent Material Adverse Effect and or would not prevent or materially delay the consummation of the Merger, or (iii) require an Acquiring Company to make any filing with or give any notice to or obtain any Consent from a Person pursuant to any Parent Contract, result in any breach of or constitute a default (or an event that with notice or lapse of time or both would become a default) under, or impair Parent’s rights or alter the rights or obligations of any third party under, or give to others any rights of termination, amendment, acceleration or cancellation of, or result in the creation of a lien or encumbrance on any of the properties or assets of Parent pursuant to, any Parent Contract. (d) Except No consent, approval, order or authorization of, or registration, declaration or filing with any Governmental Body is required by or with respect to Parent in connection with the execution and delivery of this Agreement or the consummation of the transactions contemplated hereby, except for (i) the filing with the SEC of a Registration Statement on Form S-4 any outstanding periodic reports due under the Securities Act by Yuma, through Delaware Merger Subsidiary, with respect to the transactions contemplated hereby (the “Registration Statement”) and applicable filings pursuant to the Exchange Act, including (ii) the filing of the Registration Statement with the SEC of Yuma’s proxy statement relating to in accordance with the Yuma Shareholders’ Meeting (the “Proxy Statement/Prospectus”)Securities Act, (iiiii) the filing of the Certificate of Merger with the Secretary of State in connection with of the MergerState of Delaware, (iiiiv) the filing of a the Proxy Statement with the SEC in accordance with the Exchange Act, (v) the filing of Current Report Reports on Form 8-K with the SEC within four (4) Business Days business days after the execution of this Agreement and within four (4) Business Days of the Closing Date, (ivvi) filings the filing of the Parent Amended and Restated Charter with the Secretary of State and the secretary of state of the State of California Delaware in connection accordance with the Reincorporation MergerSection 5.18, and (vvii) such approvals as may be required under applicable state securities or “blue sky” Laws laws or the rules and regulations of the NYSE MKTNASDAQ, and except as provided in (viii) the filings contemplated by Section 4.03 of the Yuma Disclosure Schedule, no declaration, filing or registration with, or notice to, or authorization, consent or approval, ratification or permission of (any of the foregoing being a “Consent”5.5(a), any Governmental Entity or authority or other Person is necessary under any Yuma Material Contract or otherwise for the execution and delivery of this Agreement by Yuma or Merger Subsidiary or the consummation by Yuma or Merger Subsidiary of the transactions contemplated hereby, other than such Consents which, if not made or obtained, as the case may be, would not reasonably be expected, individually or in the aggregate, to have a Yuma Material Adverse Effect and would not prevent or materially delay the consummation of the Merger. (e) The board of directors of Yuma has approved the Merger and this Agreement and the transactions contemplated hereby and thereby, and such approval is sufficient to render inapplicable to the Merger and this Agreement and the transactions contemplated hereby the anti-takeover provisions of the CCC to the extent, if any, such provisions are applicable to the Merger, this Agreement, and the transactions contemplated hereby and thereby. No other state takeover, control share, fair price or similar statute or regulation applies to or purports to apply to Yuma with respect to the Merger, this Agreement, or the transactions contemplated hereby and thereby.

Appears in 1 contract

Samples: Merger Agreement (Regado Biosciences Inc)

Authority; Non-Contravention; Approvals. (a) Yuma Each of the Acquiring Companies has the requisite corporate power and authority to enter into this Agreement and, subject to Yuma Shareholder Approvalthe Parent Written Consent, to perform its obligations hereunder and to consummate the transactions contemplated hereby. The execution and delivery by Yuma each of the Acquiring Companies of this Agreement, the performance by Yuma each of the Acquiring Companies of its obligations hereunder, hereunder and the consummation by Yuma each of the Acquiring Companies of the transactions contemplated hereby, hereby have been duly authorized by all necessary corporate action on the part of Yumaeach of the Acquiring Companies, subject only to the approval Parent Written Consent, to adoption of this Agreement by Parent as sole stockholder of Merger Sub immediately following the execution hereof, and the filing and recordation of the Yuma Shareholder Approval Matters by the shareholders Articles of YumaMerger pursuant to Florida Law. The affirmative vote of the holders of (i) a majority in voting power of the outstanding shares of Yuma Common Parent Super Voting Stock outstanding on the applicable record date and (ii) two-thirds of the outstanding shares of Yuma Series A Preferred Stock outstanding on the applicable record date voting as a separate class (collectively, the Yuma Shareholder ApprovalParent Requisite Vote”) is the only vote of the holders of any class or series of Yuma’s Parent Capital Stock necessary to adopt or approve the Yuma Shareholder Approval Matters. There are no bonds, debentures, notes or other indebtedness of Yuma having matters set forth in the right to vote (or convertible into, or exchangeable for, securities having the right to vote) on any matters on which the holders of Yuma Common Stock may voteParent Written Consent. This Agreement has been duly executed and delivered by each of the Yuma Entities, Acquiring Companies and, assuming the due authorization, execution and delivery hereof of this Agreement by the Company, Company this Agreement constitutes a the valid and legally binding agreement obligation of each of the Yuma EntitiesAcquiring Companies, enforceable against the Yuma Entities in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium except as enforceability may be limited by bankruptcy and other similar Laws affecting creditors’ rights laws and remedies generally, and subject, as to enforceability, to general principles of equity, including principles of commercial reasonableness, good faith and fair dealing (regardless of whether enforcement is sought in a proceeding at Law or in equity). (b) The Yuma BoardParent’s board of directors, by resolutions duly adopted by unanimous vote at a meeting the written consent of all directors of Yuma duly called and held Parent’s sole director and, as of the date hereofof this Agreement, not subsequently rescinded or modified in any way, has, as of the date hereof of this Agreement (i) approved this Agreement, the Reincorporation Merger Agreement and the Merger, and determined that this Agreement and the transactions contemplated herebyby this Agreement, including the Reincorporation Merger and the Merger, are fair to, and in the best interests of, Yuma shareholdersof Parent’s stockholders, and (ii) resolved to recommend that YumaParent’s shareholders stockholders approve the Yuma Shareholder Approval Matters and directed that such matters be submitted for consideration of the shareholders of Yuma at the Yuma Shareholders’ MeetingParent Written Consent. The board of directors of each Merger Sub, by resolutions duly adopted by the written consent of Delaware Merger Subsidiary and Merger SubsidiarySub’s sole director and, at a meeting duly called and held, has unanimously approved as of the date of this Agreement, the Reincorporation Merger not subsequently rescinded or modified in any way, has approved and the Merger, as applicable. Yuma, in its capacity as the sole stockholder of Delaware Merger Subsidiary, hereby approves of declared advisable this Agreement and the Reincorporation MergerMerger and submitted this Agreement to Parent, and Delaware Merger Subsidiaryas its sole stockholder for adoption thereby. Immediately following the execution of this Agreement, Parent in its capacity as the sole stockholder of Merger SubsidiarySub, hereby approves of shall execute a written consent adopting this Agreement and the MergerAgreement. (c) The executionexecution and delivery of this Agreement by Parent and Merger Sub does not, delivery and the performance of this Agreement by each Parent or Merger Sub will not, (i) conflict with or violate the certificate of incorporation or bylaws of Parent or Merger Sub, (ii) subject to obtaining Parent Written Consent and compliance with the Yuma Entities and the consummation of the Reincorporation Merger, the Merger, and the other transactions contemplated hereby do not and will not violaterequirements set forth in Section 3.3(d) below, conflict with or violate any Legal Requirement or Order applicable to Parent or Merger Sub or by which their respective properties are bound or affected, or (iii) require an Acquiring Company to make any filing with or give any notice to or obtain any consent from a Person pursuant to any Parent Contract, result in a any breach of any provision of, or constitute a default (or an event which, that with notice or lapse of time or both, both would constitute become a default) under, or result in impair Parent’s rights or alter the termination ofrights or obligations of any third party under, or accelerate the performance required bygive to others any rights of termination, amendment, acceleration or result in a right of termination or acceleration under, contractually require any offer to purchase or any prepayment of any debtcancellation of, or result in the creation of any lien, security interest or encumbrance upon an Encumbrance on any of the properties or assets of Yuma under any of the terms, conditions or provisions of (i) the Governing Documents of any Yuma Company, (ii) subject to compliance with the requirements set forth in clauses (i)-(v) of Section 4.03(d) and obtaining the Yuma Shareholder ApprovalParent pursuant to, any statute, Law, ordinance, rule, regulation, judgment, decree, order, injunction, writ, Permit or license of any court or Governmental Entity applicable to any of the Yuma Companies or any of their respective properties or assets, or (iii) any contract, agreement, commitment or understanding to which any Yuma Company is now a party or by which any of the Yuma Companies or any of their respective properties or assets may be bound or affected, except as provided in Section 4.03 of the Yuma Disclosure Schedule, and other than, in the case of clauses (ii) and (iii) of this Section 4.03(c), such violations, conflicts, breaches, defaults, terminations, accelerations, contractual requirements or creations of liens, security interests or encumbrances that would not reasonably be expected, individually or in the aggregate, to have a Yuma Material Adverse Effect and would not prevent or materially delay the consummation of the MergerParent Contract. (d) Except No consent, approval, Order or authorization of, or registration, declaration or filing with any Governmental Body is required by or with respect to Parent in connection with the execution and delivery of this Agreement or the consummation of the transactions contemplated hereby, except for (i) the filing with the SEC of a Registration Statement on Form S-4 under the Securities Act by Yumaany consents, through Delaware Merger Subsidiaryapprovals, with respect to the transactions contemplated hereby (the “Registration Statement”) and applicable filings or authorizations required pursuant to the Exchange Act, including policies of the filing with the SEC of Yuma’s proxy statement relating to the Yuma Shareholders’ Meeting (the “Proxy Statement/Prospectus”)CSE, (ii) the filing of the Certificate Articles of Merger with the Secretary of State in connection with of the MergerState of Florida, (iii) the filing of a Current Report on Form 8-K with the SEC within four (4) Business Days after the execution of this Agreement applicable Legal Requirements and within four (4) Business Days of the Closing Date, (iv) the filings with the Secretary of State and the secretary of state of the State of California in connection with the Reincorporation Merger, and (v) such approvals as may be required under applicable state securities or “blue sky” Laws or the rules and regulations of the NYSE MKT, and except as provided in contemplated by Section 4.03 of the Yuma Disclosure Schedule, no declaration, filing or registration with, or notice to, or authorization, consent or approval, ratification or permission of (any of the foregoing being a “Consent”5.4(a), any Governmental Entity or authority or other Person is necessary under any Yuma Material Contract or otherwise for the execution and delivery of this Agreement by Yuma or Merger Subsidiary or the consummation by Yuma or Merger Subsidiary of the transactions contemplated hereby, other than such Consents which, if not made or obtained, as the case may be, would not reasonably be expected, individually or in the aggregate, to have a Yuma Material Adverse Effect and would not prevent or materially delay the consummation of the Merger. (e) The board of directors of Yuma has approved the Merger and this Agreement and the transactions contemplated hereby and thereby, and such approval is sufficient to render inapplicable to the Merger and this Agreement and the transactions contemplated hereby the anti-takeover provisions of the CCC to the extent, if any, such provisions are applicable to the Merger, this Agreement, and the transactions contemplated hereby and thereby. No other state takeover, control share, fair price or similar statute or regulation applies to or purports to apply to Yuma with respect to the Merger, this Agreement, or the transactions contemplated hereby and thereby.

Appears in 1 contract

Samples: Merger Agreement

Authority; Non-Contravention; Approvals. (a) Yuma Company has the requisite corporate power and authority to enter into this Agreement and, subject to Yuma Company Shareholder Approval, to perform its obligations hereunder and and, assuming the approval of the Company Shareholder Approval Matters, to consummate the transactions contemplated hereby, including the Exchange. The execution and delivery by Yuma of this AgreementAgreement by Company, the performance by Yuma Company of its obligations hereunder, hereunder and the consummation by Yuma Company of the transactions contemplated hereby, hereby have been duly and validly authorized by all necessary corporate action on the part of YumaCompany, subject only to the approval of the Yuma Company Shareholder Approval. The Company Shareholder Approval Matters by the shareholders of Yuma. The affirmative vote of the holders of (i) a majority of the outstanding shares of Yuma Common Stock outstanding on the applicable record date and (ii) two-thirds of the outstanding shares of Yuma Series A Preferred Stock outstanding on the applicable record date voting as a separate class (collectively, the “Yuma Shareholder Approval”) Threshold is the only vote of the holders of any class or series of Yuma’s Capital Stock Company Common Shares necessary to adopt or approve the Yuma Company Shareholder Approval MattersMatters (collectively, “Company Shareholder Approval”). There are no bondsNo Company Shareholder is entitled to any dissenters’ rights, debentures, notes or other indebtedness of Yuma having the right to vote (or convertible intoappraisal rights, or exchangeable for, securities having any comparable rights as a result of the right to vote) on any matters on which the holders of Yuma Common Stock may voteExchange under applicable Legal Requirements. This Agreement has been duly and validly executed and delivered by each of the Yuma Entities, Company and, assuming the due authorization, execution and delivery hereof of this Agreement by Contributor, constitutes the valid and binding obligation of Company, constitutes a valid and legally binding agreement of each of the Yuma Entities, enforceable against the Yuma Entities in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium and similar Laws affecting creditors’ rights and remedies generally, and subject, as to enforceability, to general principles of equity, including principles of commercial reasonableness, good faith and fair dealing (regardless of whether enforcement is sought in a proceeding at Law or in equity). (b) The Yuma BoardCompany’s board of directors, by resolutions duly adopted by unanimous vote at a meeting of all directors of Yuma duly called and held and, as of the date hereof, not subsequently rescinded or modified in any way, has, as of the date hereof Company has (i) approved approved, adopted and declared advisable this Agreement, the Reincorporation Merger Agreement and the MergerExchange, and determined that this Agreement and the transactions contemplated herebyby this Agreement, including the Reincorporation Merger and the MergerExchange, are fair to, to and in the best interests of, Yuma shareholdersof the Company, and (ii) resolved to recommend that Yuma’s shareholders approve approved the Yuma Company Shareholder Approval Matters that require board approval, including (1) the Company Charter Amendment to effect an increase in the number of authorized Company Common Shares to 115,000,000 Company Common Shares, a change of the name of Company to “Skyline Champion Corporation” and duly proposed to the Company Shareholders entitled to vote in respect of the Company Charter Amendment that such provisions of the Company Charter Amendment be adopted at the Company Shareholders’ Meeting, and (2) the Exchange Share Issuance, (iii) recommended that the Company Shareholders approve the Company Shareholder Approval Matters, and directed that such matters be submitted for consideration of the shareholders of Yuma at Company Shareholders and (iv) approved and adopted the Yuma Shareholders’ Meeting. The board of directors of each of Delaware Merger Subsidiary and Merger Subsidiary, at a meeting duly called and held, has unanimously approved this Agreement, the Reincorporation Merger and the Merger, as applicable. Yuma, in its capacity as the sole stockholder of Delaware Merger Subsidiary, hereby approves of this Agreement and the Reincorporation Merger, and Delaware Merger Subsidiary, in its capacity as the sole stockholder of Merger Subsidiary, hereby approves of this Agreement and the MergerCompany Bylaw Amendment. (c) The executionexecution and delivery of this Agreement by Company does not, delivery and the performance of this Agreement by each of the Yuma Entities and the consummation of the Reincorporation MergerCompany will not, the Merger, and the other transactions contemplated hereby do not and will not violate, (i) conflict with or result in a breach of any provision of, or constitute a default (or an event which, with notice or lapse of time or both, would constitute a default) under, or result in violate the termination of, or accelerate the performance required by, or result in a right of termination or acceleration under, contractually require any offer to purchase or any prepayment of any debt, or result in the creation of any lien, security interest or encumbrance upon any of the properties or assets of Yuma under any of the terms, conditions or provisions of (i) the Governing Organizational Documents of any Yuma Group Company, (ii) subject to obtaining the Company Shareholder Approval and compliance with the requirements set forth in clauses (i)-(vSection 3.3(d) of Section 4.03(d) and obtaining the Yuma Shareholder Approvalbelow, conflict with or violate any statute, Law, ordinance, rule, regulation, judgment, decreeLegal Requirement, order, injunction, writ, Permit judgment or license of any court or Governmental Entity applicable to any of the Yuma Companies or any of their respective properties or assets, or (iii) any contract, agreement, commitment or understanding to which any Yuma Company is now a party or by decree upon which any of the Yuma Companies properties of Company or any of their respective properties or assets may be Group Company are bound or affected, except as provided in Section 4.03 of the Yuma Disclosure Schedule, and other than, in the case of clauses (ii) and (iii) of this Section 4.03(c), for any such violations, conflicts, breaches, defaults, terminations, accelerations, contractual requirements conflicts or creations of liens, security interests or encumbrances violations that would not reasonably be expectednot, individually or in the aggregate, to have a Yuma Company Material Adverse Effect and or would not prevent or materially delay the consummation of the MergerExchange, or (iii) except for the matters set forth in Section 3.3(d) below, require a Group Company to make any filing with or give any notice to a Person, or to obtain any Consent from a Person, or result in any breach of or constitute a default (or an event that with notice or lapse of time or both would become a default) under, or impair Company’s rights or alter the rights or obligations of any third party under, or give to others any rights of termination, amendment, acceleration or cancellation of, or result in the creation of an Encumbrance on any of the properties or assets of the Group Companies pursuant to, any Company Contract to which a Group Company is a party or by which any Group Company or any of its properties are bound or affected (except, for purposes of this clause (iii), as would not, individually or in the aggregate, have a Company Material Adverse Effect or prevent or materially delay the Exchange). As of the Closing Date, the provisions of the Control Share Acquisition law of the Indiana Business Corporation Law will not be applicable to the Company or the Exchange. (d) Except No material consent, approval, order or authorization of, or registration, declaration or filing with, any Governmental Body is required by or with respect to Company in connection with the execution and delivery of this Agreement or the consummation of the transactions contemplated hereby, except for (i) the filing of the Proxy Statement with the SEC of a Registration Statement on Form S-4 under the Securities Act by Yuma, through Delaware Merger Subsidiary, in accordance with respect to the transactions contemplated hereby (the “Registration Statement”) and applicable filings pursuant to the Exchange Act, including the filing with the SEC of Yuma’s proxy statement relating to the Yuma Shareholders’ Meeting (the “Proxy Statement/Prospectus”), (ii) the filing of the Certificate of Merger with the Secretary of State in connection with the Mergerany filings contemplated by Section 5.4(a), (iii) the filing of a Current Report Reports on Form 8-K with the SEC within four (4) Business Days after the execution of this Agreement and within four (4) Business Days of the Closing Date, (iv) filings with the Secretary of State and the secretary of state of the State of California in connection with the Reincorporation Merger, and (v) such approvals as may be required under applicable state securities or “blue sky” Laws laws or the rules and regulations of the NYSE MKT, and except as provided in Section 4.03 of the Yuma Disclosure Schedule, no declaration, filing or registration with, or notice to, or authorization, consent or approval, ratification or permission of (any of the foregoing being a “Consent”), any Governmental Entity or authority or other Person is necessary under any Yuma Material Contract or otherwise for the execution and delivery of this Agreement by Yuma or Merger Subsidiary or the consummation by Yuma or Merger Subsidiary of the transactions contemplated hereby, other than such Consents which, if not made or obtained, as the case may be, would not reasonably be expected, individually or in the aggregate, to have a Yuma Material Adverse Effect and would not prevent or materially delay the consummation of the MergerNYSE. (e) The board of directors of Yuma has approved the Merger and this Agreement and the transactions contemplated hereby and thereby, and such approval is sufficient to render inapplicable to the Merger and this Agreement and the transactions contemplated hereby the anti-takeover provisions of the CCC to the extent, if any, such provisions are applicable to the Merger, this Agreement, and the transactions contemplated hereby and thereby. No other state takeover, control share, fair price or similar statute or regulation applies to or purports to apply to Yuma with respect to the Merger, this Agreement, or the transactions contemplated hereby and thereby.

Appears in 1 contract

Samples: Share Contribution & Exchange Agreement (Skyline Corp)

Authority; Non-Contravention; Approvals. (a) Yuma Parent has the requisite corporate power and authority to enter into this Agreement and, subject to Yuma Shareholder Parent Stockholder Approval, to perform its obligations hereunder and to consummate the transactions contemplated herebyParent Transactions. The execution and delivery by Yuma Parent of this Agreement, the performance by Yuma Parent of its obligations hereunder, hereunder and the consummation by Yuma Parent of the transactions contemplated hereby, Parent Transactions have been duly authorized by all necessary corporate action on the part of YumaParent and Merger Sub, subject only to Parent Stockholder Approval, to adoption of this Agreement by Parent as sole stockholder of Merger Sub immediately following the approval execution hereof, the filing and recordation of the Yuma Shareholder Approval Matters by a certificate of amendment reflecting the shareholders matters contemplated pursuant to Section 1.04(c) (the “Parent Charter Amendment”) and the filing and recordation of Yumathe Certificate of Merger pursuant to Delaware Law. The affirmative vote of the holders of (i) a majority in voting power of the outstanding shares of Yuma Parent Common Stock outstanding on the applicable record date and (ii) two-thirds of the outstanding shares of Yuma Series A Preferred Stock outstanding on the applicable record date voting as a separate class (collectively, the Yuma Shareholder Parent Stockholder Approval”) is the only vote of the holders of any class or series of Yuma’s Parent Capital Stock necessary to adopt or approve the Yuma Shareholder Parent Stockholder Approval Matters. There are no bonds, debentures, notes or other indebtedness of Yuma having the right to vote (or convertible into, or exchangeable for, securities having the right to vote) on any matters on which the holders of Yuma Common Stock may vote. This Agreement has been duly executed and delivered by each of the Yuma Entities, Parent and Merger Sub and, assuming the due authorization, execution and delivery hereof of this Agreement by the Company, this Agreement constitutes a the valid and legally binding agreement obligation of each of the Yuma EntitiesParent and Merger Sub, enforceable against the Yuma Entities in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium except as enforceability may be limited by bankruptcy and other similar Laws affecting creditors’ rights laws and remedies generally, and subject, as to enforceability, to general principles of equity, including principles of commercial reasonableness, good faith and fair dealing (regardless of whether enforcement is sought in a proceeding at Law or in equity). (b) The Yuma BoardParent’s board of directors, by resolutions duly adopted by a unanimous vote at a meeting of all directors of Yuma Parent duly called and held held, or by unanimous written consent of the board of directors of Parent, and, as of the date hereofof this Agreement, not subsequently rescinded or modified in any way, has, as of the date hereof of this Agreement (i) approved this Agreement, the Reincorporation Merger Agreement and the Merger, and determined that this Agreement and the transactions contemplated herebyParent Transactions, including the Reincorporation Merger and the Merger, are fair to, and in the best interests of, Yuma shareholdersof Parent’s stockholders, and (ii) resolved to recommend that YumaParent’s shareholders stockholders approve the Yuma Shareholder Parent Stockholder Approval Matters and directed that such matters be submitted for consideration of the shareholders stockholders of Yuma Parent at the Yuma ShareholdersParent Stockholders’ Meeting. The board of directors of each of Delaware Merger Subsidiary Sub has approved and Merger Subsidiary, at a meeting duly called and held, has unanimously approved this Agreement, the Reincorporation Merger and the Merger, as applicable. Yuma, in its capacity as the sole stockholder of Delaware Merger Subsidiary, hereby approves of declared advisable this Agreement and the Reincorporation MergerMerger and submitted this Agreement to Parent, and Delaware Merger Subsidiaryas its sole stockholder for adoption thereby. Immediately following the execution of this Agreement, Parent in its capacity as the sole stockholder of Merger SubsidiarySub, hereby approves of shall execute a written consent adopting this Agreement and the MergerAgreement. (c) The executionexecution and delivery of this Agreement by Parent and Merger Sub does not, delivery and the performance of this Agreement by each of the Yuma Entities and the consummation of the Reincorporation MergerParent or Merger Sub will not, the Merger, and the other transactions contemplated hereby do not and will not violate, (i) conflict with or result in a breach violate the certificate of any provision of, incorporation or constitute a default (bylaws of Parent or an event which, with notice or lapse of time or both, would constitute a default) under, or result in the termination of, or accelerate the performance required by, or result in a right of termination or acceleration under, contractually require any offer to purchase or any prepayment of any debt, or result in the creation of any lien, security interest or encumbrance upon any of the properties or assets of Yuma under any of the terms, conditions or provisions of (i) the Governing Documents of any Yuma CompanyMerger Sub, (ii) subject to obtaining Parent Stockholder Approval and compliance with the requirements set forth in clauses (i)-(vSection 3.03(d) of Section 4.03(d) and obtaining the Yuma Shareholder Approvalbelow, conflict with or violate any statute, Law, ordinance, rule, regulation, judgment, decreeLegal Requirement, order, injunction, writ, Permit judgment or license of any court or Governmental Entity decree applicable to any of the Yuma Companies Parent or any of Merger Sub or by which their respective properties or assets, or (iii) any contract, agreement, commitment or understanding to which any Yuma Company is now a party or by which any of the Yuma Companies or any of their respective properties or assets may be are bound or affected, except as provided in Section 4.03 of the Yuma Disclosure Schedule, and other than, in the case of clauses (ii) and (iii) of this Section 4.03(c), for any such violations, conflicts, breaches, defaults, terminations, accelerations, contractual requirements conflicts or creations of liens, security interests or encumbrances violations that would not reasonably be expected, individually or in the aggregate, to have a Yuma Parent Material Adverse Effect and or would not prevent or materially delay the consummation of the Merger, or (iii) require an Acquiring Company to make any filing with or give any notice to or obtain any Consent from a Person pursuant to any Parent Contract, result in any breach of or constitute a default (or an event that with notice or lapse of time or both would become a default) under, or impair Parent’s rights or alter the rights or obligations of any third party under, or give to others any rights of termination, amendment, acceleration or cancellation of, or result in the creation of a lien or encumbrance on any of the properties or assets of Parent pursuant to, any Parent Contract. (d) Except No consent, approval, order or authorization of, or registration, declaration or filing with any Governmental Body is required by or with respect to Parent in connection with the execution and delivery of this Agreement or the consummation of the Parent Transactions, except for (i) the filing with the SEC of a Registration Statement on Form S-4 any outstanding periodic reports due under the Securities Act by Yuma, through Delaware Merger Subsidiary, with respect to the transactions contemplated hereby (the “Registration Statement”) and applicable filings pursuant to the Exchange Act, including the filing with the SEC of Yuma’s proxy statement relating to the Yuma Shareholders’ Meeting (the “Proxy Statement/Prospectus”), (ii) the filing of the Certificate of Merger with the Secretary of State in connection with of the MergerState of Delaware, (iii) the filing of a the Proxy Statement with the SEC in accordance with the Exchange Act, (iv) the filing of Current Report Reports on Form 8-K with the SEC within four (4) Business Days business days after the execution of this Agreement and within four (4) Business Days of the Closing Date, (ivv) filings the filing of the Parent Charter Amendment with the Secretary of State and the secretary of state of the State of California Delaware in connection accordance with the Reincorporation MergerSection 5.15, and (vvii) such approvals as may be required under applicable state securities or “blue sky” Laws laws or the rules and regulations of the NYSE MKT, and except as provided in Section 4.03 of the Yuma Disclosure Schedule, no declaration, filing or registration with, or notice to, or authorization, consent or approval, ratification or permission of (any of the foregoing being a “Consent”), any Governmental Entity or authority Nasdaq or other Person is necessary applicable national securities exchange or over-the-counter market and (viii) such consents as may be required under the Antitrust Laws, in any Yuma Material Contract or otherwise for the execution and delivery of this Agreement by Yuma or Merger Subsidiary or the consummation by Yuma or Merger Subsidiary of the transactions contemplated hereby, other than such Consents which, if not made or obtained, as the case may be, would not reasonably be expected, individually or in the aggregate, to have a Yuma Material Adverse Effect and would not prevent or materially delay the consummation of the Merger. (e) The board of directors of Yuma has approved the Merger and this Agreement and the transactions contemplated hereby and thereby, and such approval is sufficient to render inapplicable to the Merger and this Agreement and the transactions contemplated hereby the anti-takeover provisions of the CCC to the extent, if any, such provisions that are applicable to the Merger, transactions contemplated by this Agreement, and the transactions contemplated hereby and thereby. No other state takeover, control share, fair price or similar statute or regulation applies to or purports to apply to Yuma with respect to the Merger, this Agreement, or the transactions contemplated hereby and thereby.

Appears in 1 contract

Samples: Merger Agreement (Alliqua BioMedical, Inc.)

Authority; Non-Contravention; Approvals. (a) Yuma BLBX has the requisite corporate power and authority to enter into this Agreement and, subject to Yuma Shareholder BLBX Stockholder Approval, to perform its obligations hereunder and to consummate the transactions contemplated herebyExchange. The execution and delivery by Yuma of this AgreementAgreement by BLBX, the performance by Yuma BLBX of its obligations hereunder, hereunder and the consummation by Yuma BLBX of the transactions contemplated hereby, have Exchange has been duly authorized by all necessary corporate action on the part of YumaBLBX, subject only to the approval of the Yuma Shareholder Approval Matters by the shareholders of YumaBLBX Stockholder Approval. The affirmative vote of the holders of (i) a majority of the outstanding shares of Yuma Common Stock outstanding on the applicable record date and (ii) two-thirds of the outstanding shares of Yuma Series A Preferred Stock outstanding on the applicable record date voting as a separate class (collectively, the “Yuma Shareholder Approval”) BLBX Stockholder Approval Threshold is the only vote of the holders of any class or series of Yuma’s Capital BLBX Common Stock necessary to adopt or approve the Yuma Shareholder BLBX Stockholder Approval MattersMatter. There are Except for BLBX Stockholder Approval, no bondsother corporate proceeding on the part of BLBX is necessary to authorize the adoption, debenturesexecution, notes delivery and performance of this Agreement or other indebtedness of Yuma having to consummate the right to vote (or convertible into, or exchangeable for, securities having the right to vote) on any matters on which the holders of Yuma Common Stock may vote. This Agreement has been duly executed and delivered by each of the Yuma Entities, and, assuming the due authorization, execution and delivery hereof by the Company, constitutes a valid and legally binding agreement of each of the Yuma Entities, enforceable against the Yuma Entities in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium and similar Laws affecting creditors’ rights and remedies generally, and subject, as to enforceability, to general principles of equity, including principles of commercial reasonableness, good faith and fair dealing (regardless of whether enforcement is sought in a proceeding at Law or in equity)Exchange. (b) The Yuma BoardBLBX’s board of directors, by resolutions duly adopted by unanimous vote at a meeting of all directors of Yuma duly called and held andwritten consent, as of the date hereof, not subsequently rescinded or modified in any way, has, as of the date hereof (i) approved approved, adopted and declared advisable this Agreement, the Reincorporation Merger Agreement and the MergerExchange, and determined that this Agreement and the transactions contemplated hereby, including the Reincorporation Merger and the MergerExchange, are fair to, to and in the best interests of, Yuma shareholdersof the BLBX Stockholders, and (ii) approved the BLBX Stockholder Approval Matter and resolved to recommend that Yuma’s shareholders the BLBX Stockholders approve the Yuma Shareholder BLBX Stockholder Approval Matters Matter, and directed that such matters be submitted for consideration of the shareholders of Yuma at the Yuma Shareholders’ Meeting. The board of directors of each of Delaware Merger Subsidiary and Merger Subsidiary, at a meeting duly called and held, has unanimously approved this Agreement, the Reincorporation Merger and the Merger, as applicable. Yuma, in its capacity as the sole stockholder of Delaware Merger Subsidiary, hereby approves of this Agreement and the Reincorporation Merger, and Delaware Merger Subsidiary, in its capacity as the sole stockholder of Merger Subsidiary, hereby approves of this Agreement and the MergerBLBX Stockholders. (c) The executionexecution and delivery of this Agreement by BLBX does not, delivery and the performance of this Agreement by each BLBX will not, (i) conflict with or violate the Organizational Documents of BLBX, (ii) subject to obtaining the Yuma Entities and the consummation of the Reincorporation Merger, the Merger, and the other transactions contemplated hereby do not and will not violateBLBX Stockholder Approval , conflict with or violate any Legal Requirement applicable to BLBX or by which its or any of its properties are bound or affected, or (iii) require BLBX to make any filing with or give any notice to a Person or to obtain any Consent from a Person, or result in a any breach of any provision of, or constitute a default (or an event which, that with notice or lapse of time or both, both would constitute become a default) under, or result in impair BLBX’s rights or alter the termination ofrights or obligations of any third party under, or accelerate the performance required bygive to others any rights of termination, amendment, acceleration or result in a right of termination or acceleration under, contractually require any offer to purchase or any prepayment of any debtcancellation of, or result in the creation of any lien, security interest a lien or encumbrance upon Encumbrance on any of the properties or assets of Yuma under any of the terms, conditions or provisions of (i) the Governing Documents of any Yuma Company, (ii) subject to compliance with the requirements set forth in clauses (i)-(v) of Section 4.03(d) and obtaining the Yuma Shareholder ApprovalBLBX pursuant to, any statute, Law, ordinance, rule, regulation, judgment, decree, order, injunction, writ, Permit or license of any court or Governmental Entity applicable to any of the Yuma Companies or any of their respective properties or assets, or (iii) any contract, agreement, commitment or understanding BLBX Contract to which any Yuma Company BLBX is now a party or by which any of the Yuma Companies BLBX or any of their respective its properties or assets may be are bound or affectedaffected (except, except as provided in Section 4.03 for purposes of the Yuma Disclosure Schedule, and other than, in the case of clauses (ii) and this clause (iii) of this Section 4.03(c), such violations, conflicts, breaches, defaults, terminations, accelerations, contractual requirements or creations of liens, security interests or encumbrances that as would not reasonably be expectednot, individually or in the aggregate, to have a Yuma BLBX Material Adverse Effect and would not prevent or materially delay the consummation of the MergerEffect). (d) Except No consent, approval, order or authorization of, or registration, declaration or filing with, any Governmental Body is required by or with respect to BLBX in connection with the execution and delivery of this Agreement or the consummation of the Exchange, except for (i) the filing with the SEC of a Registration Statement on Form S-4 under the Securities Act contemplated by Yuma, through Delaware Merger Subsidiary, with respect to the transactions contemplated hereby (the “Registration Statement”) and applicable filings pursuant to the Exchange Act, including the filing with the SEC of Yuma’s proxy statement relating to the Yuma Shareholders’ Meeting (the “Proxy Statement/Prospectus”)Section 4.1, (ii) the filing of the Certificate of Merger with the Secretary of State in connection with the Merger, (iii) the filing of a Current Report on Form 8-K with respect to the Exchange (the “Exchange Form 8-K”) with the SEC within four (4) Business Days after the execution of this Agreement and within four (4) Business Days of the Closing Date, (iv) filings with the Secretary of State and the secretary of state of the State of California in connection with the Reincorporation Merger, and (viii) such approvals as may be required under applicable state securities or “blue sky” Laws laws or the rules and regulations of the NYSE MKT, and except as provided in Section 4.03 of the Yuma Disclosure Schedule, no declaration, filing or registration with, or notice to, or authorization, consent or approval, ratification or permission of (any of the foregoing being a “Consent”), any Governmental Entity or authority or other Person is necessary under any Yuma Material Contract or otherwise for the execution and delivery of this Agreement by Yuma or Merger Subsidiary or the consummation by Yuma or Merger Subsidiary of the transactions contemplated hereby, other than such Consents which, if not made or obtained, as the case may be, would not reasonably be expected, individually or in the aggregate, to have a Yuma Material Adverse Effect and would not prevent or materially delay the consummation of the MergerNasdaq. (e) The board of directors of Yuma has approved the Merger and this Agreement and the transactions contemplated hereby and thereby, and such approval is sufficient to render inapplicable to the Merger and this Agreement and the transactions contemplated hereby the anti-takeover provisions of the CCC to the extent, if any, such provisions are applicable to the Merger, this Agreement, and the transactions contemplated hereby and thereby. No other state takeover, control share, fair price or similar statute or regulation applies to or purports to apply to Yuma with respect to the Merger, this Agreement, or the transactions contemplated hereby and thereby.

Appears in 1 contract

Samples: Securities Exchange Agreement (Blackboxstocks Inc.)

Authority; Non-Contravention; Approvals. (a) Yuma Company has the requisite corporate power and authority to enter into this Agreement and, subject to Yuma Shareholder Company Stockholder Approval, to perform its obligations hereunder and to consummate the transactions contemplated herebyContemplated Transactions. The execution and delivery by Yuma of this AgreementAgreement by Company, the performance by Yuma Company of its obligations hereunder, hereunder and the consummation by Yuma Company of the transactions contemplated hereby, Contemplated Transactions have been duly authorized by all necessary corporate action on the part of YumaCompany, subject only to the approval of the Yuma Shareholder Approval Matters by the shareholders of YumaCompany Stockholder Approval. The affirmative vote of the holders of (i) a majority of the outstanding shares of Yuma Common Stock outstanding on the applicable record date and (ii) two-thirds of the outstanding shares of Yuma Series A Preferred Stock outstanding on the applicable record date voting as a separate class (collectively, the “Yuma Shareholder Approval”) Company Stockholder Approval Threshold is the only vote of the holders of any class or series of Yuma’s Capital Company Common Stock necessary to adopt or approve the Yuma Shareholder Company Stockholder Approval MattersMatters (collectively, “Company Stockholder Approval”). There are Except for Company Stockholder Approval, no bondsother corporate proceeding on the part of Company is necessary to authorize the adoption, debenturesexecution, notes delivery and performance of this Agreement or other indebtedness of Yuma having to consummate the right to vote (or convertible into, or exchangeable for, securities having the right to vote) on any matters on which the holders of Yuma Common Stock may voteAcquisition. This Agreement has been duly executed and delivered by each of the Yuma Entities, Company and, assuming the due authorization, execution and delivery hereof by F-Star and Sellers, constitutes the valid and binding obligation of Company, constitutes a valid and legally binding agreement of each of the Yuma Entities, enforceable against the Yuma Entities in accordance with its terms, subject to applicable bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar Laws other laws affecting creditors’ rights generally and remedies generally, and subject, as to enforceability, to general principles of equity, including principles of commercial reasonableness, good faith and fair dealing (regardless of whether enforcement is sought in a proceeding at Law or in equity). (b) The Yuma BoardCompany’s board of directors, by resolutions duly adopted by unanimous vote at a meeting of all directors of Yuma Company duly called and held and, as of the date hereof, not subsequently rescinded or modified in any way, has, as of the date hereof (i) approved approved, adopted and declared advisable this Agreement, the Reincorporation Merger Agreement and the MergerAcquisition, and determined that this Agreement and the transactions contemplated herebyContemplated Transactions, including the Reincorporation Merger and the MergerAcquisition, are fair to, to and in the best interests of, Yuma shareholdersof the Company Stockholders, and (ii) approved the Company Stockholder Approval Matters that require board approval and resolved to recommend that Yuma’s shareholders the Company Stockholders approve the Yuma Shareholder Company Stockholder Approval Matters Matters, and directed that such matters be submitted for consideration of the shareholders of Yuma at the Yuma Shareholders’ Meeting. The board of directors of each of Delaware Merger Subsidiary and Merger Subsidiary, at a meeting duly called and held, has unanimously approved this Agreement, the Reincorporation Merger and the Merger, as applicable. Yuma, in its capacity as the sole stockholder of Delaware Merger Subsidiary, hereby approves of this Agreement and the Reincorporation Merger, and Delaware Merger Subsidiary, in its capacity as the sole stockholder of Merger Subsidiary, hereby approves of this Agreement and the MergerCompany Stockholders. (c) The executionexecution and delivery of this Agreement by Company does not, delivery and the performance of this Agreement by each Company will not, (i) conflict with or violate the Organizational Documents of any Acquiring Company, (ii) subject to obtaining the Yuma Entities Company Stockholder Approval and compliance with the consummation of the Reincorporation Merger, the Merger, and the other transactions contemplated hereby do not and will not violaterequirements set forth in Section 3.3(d) below, conflict with or violate any Legal Requirement applicable to the Acquiring Companies or by which its or any of their respective properties are bound or affected, or (iii) require an Acquiring Company to make any filing with or give any notice to a Person or to obtain any Consent from a Person, or result in a any breach of any provision of, or constitute a default (or an event which, that with notice or lapse of time or both, both would constitute become a default) under, or result in impair Company’s rights or alter the termination rights or obligations of any third party under, or give to others any rights of termination, amendment, (d) No consent, approval, order or authorization of, or accelerate the performance registration, declaration or filing with, any Governmental Body is required by, by or result with respect to Company in a right of termination or acceleration under, contractually require any offer to purchase or any prepayment of any debt, or result in the creation of any lien, security interest or encumbrance upon any of the properties or assets of Yuma under any of the terms, conditions or provisions of (i) the Governing Documents of any Yuma Company, (ii) subject to compliance connection with the requirements set forth in clauses (i)-(v) of Section 4.03(d) execution and obtaining the Yuma Shareholder Approval, any statute, Law, ordinance, rule, regulation, judgment, decree, order, injunction, writ, Permit or license of any court or Governmental Entity applicable to any of the Yuma Companies or any of their respective properties or assets, or (iii) any contract, agreement, commitment or understanding to which any Yuma Company is now a party or by which any of the Yuma Companies or any of their respective properties or assets may be bound or affected, except as provided in Section 4.03 of the Yuma Disclosure Schedule, and other than, in the case of clauses (ii) and (iii) delivery of this Section 4.03(c), such violations, conflicts, breaches, defaults, terminations, accelerations, contractual requirements Agreement or creations of liens, security interests or encumbrances that would not reasonably be expected, individually or in the aggregate, to have a Yuma Material Adverse Effect and would not prevent or materially delay the consummation of the Merger. (d) Except Contemplated Transactions, except for (i) the filing with the SEC of a Registration Statement on Form S-4 under the Securities Act filings contemplated by Yuma, through Delaware Merger Subsidiary, with respect to the transactions contemplated hereby (the “Registration Statement”) and applicable filings pursuant to the Exchange Act, including the filing with the SEC of Yuma’s proxy statement relating to the Yuma Shareholders’ Meeting (the “Proxy Statement/Prospectus”Section 6.4(a), (ii) the filing of the Certificate of Merger with the Secretary of State in connection with the Merger, (iii) the filing of a Current Report Reports on Form 8-K with the SEC within four (4) Business Days after the execution of this Agreement and within four (4) Business Days of the Closing Date, (iv) filings with the Secretary of State and the secretary of state of the State of California in connection with the Reincorporation Merger, and (viii) such approvals as may be required under applicable state securities or “blue sky” Laws laws or the rules and regulations of the NYSE MKT, and except as provided in Section 4.03 of the Yuma Disclosure Schedule, no declaration, filing or registration with, or notice to, or authorization, consent or approval, ratification or permission of (any of the foregoing being a “Consent”), any Governmental Entity or authority or other Person is necessary under any Yuma Material Contract or otherwise for the execution and delivery of this Agreement by Yuma or Merger Subsidiary or the consummation by Yuma or Merger Subsidiary of the transactions contemplated hereby, other than such Consents which, if not made or obtained, as the case may be, would not reasonably be expected, individually or in the aggregate, to have a Yuma Material Adverse Effect and would not prevent or materially delay the consummation of the MergerNasdaq. (e) The board of directors of Yuma has approved the Merger and this Agreement and the transactions contemplated hereby and thereby, and such approval is sufficient to render inapplicable to the Merger and this Agreement and the transactions contemplated hereby the anti-takeover provisions of the CCC to the extent, if any, such provisions are applicable to the Merger, this Agreement, and the transactions contemplated hereby and thereby. No other state takeover, control share, fair price or similar statute or regulation applies to or purports to apply to Yuma with respect to the Merger, this Agreement, or the transactions contemplated hereby and thereby.

Appears in 1 contract

Samples: Share Exchange Agreement (Spring Bank Pharmaceuticals, Inc.)

Authority; Non-Contravention; Approvals. (a) Yuma Each of SES and Merger Subsidiary has the requisite corporate power and authority to enter into this Agreement and, subject to Yuma Shareholder SES Stockholder Approval, to perform its obligations hereunder and to consummate the transactions contemplated hereby. The execution and delivery by Yuma each of SES and Merger Subsidiary of this Agreement, the performance by Yuma each of SES and Merger Subsidiary of its obligations hereunder, and the consummation by Yuma each of SES and Merger Subsidiary of the transactions contemplated hereby, have been duly authorized by all necessary corporate action on the part of YumaSES, subject only to the approval of the Yuma Shareholder SES Stockholder Approval Matters by the shareholders of YumaSES Stockholders, and Merger Subsidiary. The affirmative vote of the holders of (i) a majority of the outstanding shares of Yuma SES Common Stock outstanding on the applicable record date and (ii) two-thirds of the outstanding shares of Yuma Series A Preferred Stock outstanding on the applicable record date voting as a separate class (collectively, the “Yuma Shareholder SES Stockholder Approval”) is the only vote of the holders of any class or series of Yuma’s SES’ Capital Stock necessary to adopt or approve the Yuma Shareholder SES Stockholder Approval Matters. There are no bonds, debentures, notes or other indebtedness of Yuma SES having the right to vote (or convertible into, or exchangeable for, securities having the right to vote) on any matters on which the holders of Yuma SES Common Stock may vote. This Agreement has been duly executed and delivered by each of the Yuma EntitiesSES and Merger Subsidiary, and, assuming the due authorization, execution and delivery hereof by the Company, constitutes a valid and legally binding agreement of each of the Yuma EntitiesSES and Merger Subsidiary, enforceable against the Yuma Entities each of SES and Merger Subsidiary in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium and similar Laws affecting creditors’ rights and remedies generally, and subject, as to enforceability, to general principles of equity, including principles of commercial reasonableness, good faith and fair dealing (regardless of whether enforcement is sought in a proceeding at Law or in equity). (b) The Yuma SES Board, by resolutions duly adopted by unanimous vote of the disinterested directors at a meeting of all directors of Yuma SES duly called and held and, as of the date hereof, not subsequently rescinded or modified in any way, has, as of the date hereof (i) approved this Agreement, the Reincorporation Merger Agreement and the Merger, and determined that this Agreement and the transactions contemplated hereby, including the Reincorporation Merger and the Merger, hereby are fair to, and in the best interests of, Yuma shareholdersthe SES Stockholders, and (ii) resolved to recommend that Yuma’s shareholders the SES Stockholders approve the Yuma Shareholder SES Stockholder Approval Matters and directed that such matters be submitted for consideration of the shareholders stockholders of Yuma SES at the Yuma ShareholdersSES Stockholders’ Meeting. The board of directors of each of Delaware Merger Subsidiary and the Merger Subsidiary, at a meeting duly called and held, has unanimously approved this Agreement, the Reincorporation Merger Agreement and the Merger, as applicable. Yuma, in its capacity as the sole stockholder of Delaware Merger Subsidiary, hereby approves of this Agreement and the Reincorporation Merger, and Delaware Merger SubsidiarySES, in its capacity as the sole stockholder of Merger Subsidiary, hereby approves of this Agreement and the Merger. (c) The execution, delivery and performance of this Agreement by each of the Yuma SES Entities and the consummation of the Reincorporation Merger, the Merger, and the other transactions contemplated hereby do not and will not violate, conflict with or result in a breach of any provision of, or constitute a default (or an event which, with notice or lapse of time or both, would constitute a default) under, or result in the termination of, or accelerate the performance required by, or result in a right of termination or acceleration under, contractually require any offer to purchase or any prepayment of any debt, or result in the creation of any lien, security interest or encumbrance upon any of the properties or assets of Yuma SES under any of the terms, conditions or provisions of (i) the Governing Documents of any Yuma SES Company, (ii) subject to compliance with the requirements set forth in clauses (i)-(vi)-(iv) of Section 4.03(d3.03(d) and obtaining the Yuma Shareholder SES Stockholder Approval, any statute, Law, ordinance, rule, regulation, judgment, decree, order, injunction, writ, Permit or license of any court or Governmental Entity applicable to any of the Yuma SES Companies or any of their respective properties or assets, or (iii) any contract, agreement, commitment or understanding to which any Yuma SES Company is now a party or by which any of the Yuma SES Companies or any of their respective properties or assets may be bound or affected, except as provided in Section 4.03 3.03 of the Yuma SES Disclosure Schedule, and other than, in the case of clauses (ii) and (iii) of this Section 4.03(c3.03(c), such violations, conflicts, breaches, defaults, terminations, accelerations, contractual requirements or creations of liens, security interests or encumbrances that would not reasonably be expected, individually or in the aggregate, to have a Yuma SES Material Adverse Effect and would not prevent or materially delay the consummation of the Merger. (d) Except for (i) the filing with the SEC of a Registration Statement on Form S-4 under the Securities Act by Yuma, through Delaware Merger Subsidiary, SES with respect to the transactions contemplated hereby (the “Registration Statement”) and applicable filings pursuant to the Exchange Act, including the filing with the SEC of Yuma’s SES’ proxy statement relating to the Yuma ShareholdersSES Stockholders’ Meeting (the “Proxy Statement/Prospectus”), (ii) the filing of the Certificate of Merger with the Secretary of State in connection with the Merger, (iii) the filing of a Current Report on Form 8-K with the SEC within four (4) Business Days after the execution of this Agreement and within four (4) Business Days of the Closing Date, (iv) filings with the Secretary consent of State the holders of the SES Debentures and the secretary of state of the State of California in connection with the Reincorporation MergerSES Common Stock Warrants, and (v) such approvals as may be required under applicable state securities or “blue sky” Laws or the rules and regulations of the NYSE MKTNASDAQ Stock Market, and except as provided in Section 4.03 3.03 of the Yuma SES Disclosure Schedule, no declaration, filing or registration with, or notice to, or authorization, consent or approval, ratification or permission of (any of the foregoing being a “Consent”), (vi) such approvals of any Governmental Entity or authority or other Person is necessary under any Yuma SES Material Contract or otherwise for the execution and delivery of this Agreement by Yuma SES or Merger Subsidiary or the consummation by Yuma SES or Merger Subsidiary of the transactions contemplated hereby, other than such Consents which, if not made or obtained, as the case may be, would not reasonably be expected, individually or in the aggregate, to have a Yuma SES Material Adverse Effect and would not prevent or materially delay the consummation of the Merger. (e) The board of directors of Yuma SES has approved the Merger and this Agreement and the transactions contemplated hereby and thereby, and such approval is sufficient to render inapplicable to the Merger and this Agreement and the transactions contemplated hereby the anti-takeover provisions of the CCC DGCL to the extent, if any, such provisions are applicable to the Merger, this Agreement, and the transactions contemplated hereby and thereby. No other state takeover, control share, fair price or similar statute or regulation applies to or purports to apply to Yuma SES with respect to the Merger, this Agreement, or the transactions contemplated hereby and thereby.

Appears in 1 contract

Samples: Merger Agreement (Synthesis Energy Systems Inc)

Authority; Non-Contravention; Approvals. (a) Yuma Parent has the requisite corporate power and authority to enter into this Agreement and, subject to Yuma Shareholder Parent Stockholder Approval, to perform its obligations hereunder and to consummate the transactions contemplated hereby. The execution and delivery by Yuma Parent of this Agreement, the performance by Yuma Parent of its obligations hereunder, hereunder and the consummation by Yuma Parent of the transactions contemplated hereby, hereby have been duly authorized by all necessary corporate action on the part of YumaParent and Merger Sub, subject only to Parent Stockholder Approval, to adoption of this Agreement by Parent as sole stockholder of Merger Sub immediately following the approval execution hereof, and the filing and recordation of the Yuma Shareholder Approval Matters by Certificate of Merger pursuant to the shareholders of YumaDGCL. The affirmative vote of the holders of (i) a majority in voting power of the outstanding shares of Yuma Parent Common Stock outstanding on the applicable record date and (ii) two-thirds of the outstanding shares of Yuma Series A Preferred Stock outstanding on the applicable record date voting as a separate class (collectively, the Yuma Shareholder Parent Stockholder Approval”) is the only vote of the holders of any class or series of Yuma’s Parent Capital Stock necessary to adopt or approve the Yuma Shareholder Parent Stockholder Approval Matters. There are no bonds, debentures, notes or other indebtedness of Yuma having the right to vote (or convertible into, or exchangeable for, securities having the right to vote) on any matters on which the holders of Yuma Common Stock may vote. This Agreement has been duly executed and delivered by each of the Yuma Entities, Parent and Merger Sub and, assuming the due authorization, execution and delivery hereof of this Agreement by the Company, this Agreement constitutes a the valid and legally binding agreement obligation of each of the Yuma EntitiesParent and Merger Sub, enforceable against the Yuma Entities in accordance with its terms, subject except to the extent that enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium and reorganization or other similar Laws laws affecting the enforcement of creditors’ rights generally and remedies generally, and subject, as to enforceability, to general by principles of equity, including principles equity regarding the availability of commercial reasonableness, good faith and fair dealing (regardless of whether enforcement is sought in a proceeding at Law or in equity)remedies. (b) The Yuma BoardParent’s board of directors, by resolutions duly adopted by unanimous vote at a meeting of all directors of Yuma Parent duly called and held and, as of the date hereofof this Agreement, not subsequently rescinded or modified in any way, has, as of the date hereof of this Agreement (i) approved this Agreement, the Reincorporation Merger Agreement and the Merger, and determined that this Agreement and the transactions contemplated herebyby this Agreement, including the Reincorporation Merger and the Merger, are advisable, fair to, and in the best interests of, Yuma shareholdersof Parent and its stockholders, and (ii) resolved to recommend that Yuma’s shareholders the Parent Stockholders approve the Yuma Shareholder Parent Stockholder Approval Matters and directed that such matters be submitted for consideration of the shareholders of Yuma Parent Stockholders at the Yuma ShareholdersParent Stockholders’ Meeting. The board of directors of each of Delaware Merger Subsidiary Sub has approved and Merger Subsidiary, at a meeting duly called and held, has unanimously approved this Agreement, the Reincorporation Merger and the Merger, as applicable. Yuma, in its capacity as the sole stockholder of Delaware Merger Subsidiary, hereby approves of declared advisable this Agreement and the Reincorporation MergerMerger and submitted this Agreement to Parent, and Delaware Merger Subsidiaryas its sole stockholder for adoption thereby. Immediately following the execution of this Agreement, Parent in its capacity as the sole stockholder of Merger SubsidiarySub, hereby approves of shall execute a written consent adopting this Agreement and the MergerAgreement. (c) The executionexecution and delivery of this Agreement by Parent and Merger Sub does not, delivery and the performance of this Agreement by each of the Yuma Entities and the consummation of the Reincorporation MergerParent or Merger Sub will not, the Merger, and the other transactions contemplated hereby do not and will not violate, (i) conflict with or result in a breach violate the certificate of any provision of, incorporation or constitute a default (bylaws of Parent or an event which, with notice or lapse of time or both, would constitute a default) under, or result in the termination of, or accelerate the performance required by, or result in a right of termination or acceleration under, contractually require any offer to purchase or any prepayment of any debt, or result in the creation of any lien, security interest or encumbrance upon any of the properties or assets of Yuma under any of the terms, conditions or provisions of (i) the Governing Documents of any Yuma CompanyMerger Sub, (ii) subject to obtaining Parent Stockholder Approval and compliance with the requirements set forth in clauses (i)-(vSection 3.3(d) of Section 4.03(d) and obtaining the Yuma Shareholder Approvalbelow, conflict with or violate any statute, Law, ordinance, rule, regulation, judgment, decreeLegal Requirement, order, injunction, writ, Permit judgment or license of any court or Governmental Entity decree applicable to any of the Yuma Companies Parent or any of Merger Sub or by which their respective properties or assets, or (iii) any contract, agreement, commitment or understanding to which any Yuma Company is now a party or by which any of the Yuma Companies or any of their respective properties or assets may be are bound or affected, except as provided in Section 4.03 of the Yuma Disclosure Schedule, and other than, in the case of clauses (ii) and (iii) of this Section 4.03(c), for any such violations, conflicts, breaches, defaults, terminations, accelerations, contractual requirements conflicts or creations of liens, security interests or encumbrances violations that would not reasonably be expectednot, individually or in the aggregate, to have a Yuma Parent Material Adverse Effect and or would not prevent or materially delay the consummation of the Merger, or (iii) require an Acquiring Company to make any filing with or give any notice to or obtain any Consent from a Person, or result in any breach of or constitute a default (or an event that with notice or lapse of time or both would become a default) under, or impair Parent’s rights or alter the rights or obligations of any third party under, or give to others any rights of termination, amendment, acceleration or cancellation of, or result in the creation of a lien or encumbrance on any of the properties or assets of Parent or Merger Sub pursuant to any Contract to which Parent or Merger Sub is a party or by which Parent or Merger Sub or its or any of their respective properties are bound or affected (except, for purposes of this clause (iii), in the case of any Contract that would not, individually or in the aggregate, have a Company Material Adverse Effect or prevent or materially delay the Merger). (d) Except No material consent, approval, order or authorization of, or registration, declaration or filing with any Governmental Body is required by or with respect to Parent in connection with the execution and delivery of this Agreement or the consummation of the transactions contemplated hereby, except for (i) the filing with the SEC of a Registration Statement on Form S-4 any outstanding periodic reports due under the Securities Act by Yuma, through Delaware Merger Subsidiary, with respect to the transactions contemplated hereby (the “Registration Statement”) and applicable filings pursuant to the Exchange Act, including the filing with the SEC of Yuma’s proxy statement relating to the Yuma Shareholders’ Meeting (the “Proxy Statement/Prospectus”), (ii) the filing of the Certificate of Merger with the Secretary of State in connection with of the MergerState of Delaware, (iii) the filing of a the Proxy Statement with the SEC in accordance with the Exchange Act, (iv) the filing of Current Report Reports on Form 8-K with the SEC within four (4) Business Days after the execution of this Agreement and within four (4) Business Days of the Closing Date, (ivv) filings the filing of the Parent Amended and Restated Charter with the Secretary of State and the secretary of state of the State of California Delaware in connection accordance with the Reincorporation MergerSection 5.15, and (vvi) such approvals as may be required under applicable state securities or “blue sky” Laws laws or the rules and regulations of the NYSE MKT, and except as provided in Section 4.03 of the Yuma Disclosure Schedule, no declaration, filing or registration with, or notice to, or authorization, consent or approval, ratification or permission of The Nasdaq Stock Market LLC (any of the foregoing being a ConsentNasdaq), any Governmental Entity or authority ) or other Person is necessary under any Yuma Material Contract applicable national or otherwise for the execution and delivery of this Agreement by Yuma or Merger Subsidiary or the consummation by Yuma or Merger Subsidiary of the transactions contemplated hereby, other than such Consents which, if not made or obtained, as the case may be, would not reasonably be expected, individually or in the aggregate, to have a Yuma Material Adverse Effect and would not prevent or materially delay the consummation of the Mergerover-the-counter market. (e) The board of directors of Yuma has approved the Merger and this Agreement and the transactions contemplated hereby and thereby, and such approval is sufficient to render inapplicable to the Merger and this Agreement and the transactions contemplated hereby the anti-takeover provisions of the CCC to the extent, if any, such provisions are applicable to the Merger, this Agreement, and the transactions contemplated hereby and thereby. No other state takeover, control share, fair price or similar statute or regulation applies to or purports to apply to Yuma with respect to the Merger, this Agreement, or the transactions contemplated hereby and thereby.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Ohr Pharmaceutical Inc)

Authority; Non-Contravention; Approvals. (a) Yuma has the requisite corporate Parent and Merger Sub have all necessary power and authority to enter into execute and deliver this Agreement Agreement, to perform their respective obligations hereunder and, subject to Yuma Shareholder Approvalobtaining the Required Parent Stockholder Vote, to perform its obligations hereunder and to consummate the Merger and the other transactions contemplated herebyby this Agreement. The execution Subject to obtaining the Required Parent Stockholder Vote, the execution, delivery and delivery performance by Yuma Parent and Merger Sub of this Agreement, the performance by Yuma of its obligations hereunder, and the consummation by Yuma of the Merger and the other transactions contemplated herebyby this Agreement, have been duly authorized by all necessary corporate action on the part of YumaParent and Merger Sub, subject only and no other corporate proceedings on the part of Parent or Merger Sub are necessary to authorize this Agreement or to consummate the approval of Merger or the Yuma Shareholder Approval Matters other transactions contemplated by the shareholders of Yuma. The affirmative vote of the holders of this Agreement other than (i) a majority the filing and recordation of the outstanding shares Certificate of Yuma Common Stock outstanding on Merger as required by the applicable record date and DGCL, (ii) two-thirds obtaining the Required Parent Stockholder Vote, (iii) approval of this Agreement by Parent as the outstanding shares sole stockholder of Yuma Series A Preferred Stock outstanding on Merger Sub and (iv) the applicable record date voting as a separate class (collectively, the “Yuma Shareholder Approval”) is the only vote of the holders of any class or series of Yuma’s Capital Stock necessary to adopt or approve the Yuma Shareholder Approval Matters. There are no bonds, debentures, notes or other indebtedness of Yuma having the right to vote (or convertible into, or exchangeable for, securities having the right to vote) on any matters on which the holders of Yuma Common Stock may voteParent Required Statutory Approvals. This Agreement has been duly executed and delivered by each of the Yuma Entities, Parent and Merger Sub and, assuming the due authorization, execution and delivery hereof by the Company, constitutes a valid and legally binding agreement obligations of each of the Yuma Entities, Parent and Merger Sub enforceable against the Yuma Entities Parent and Merger Sub in accordance with its terms, subject to applicable except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium and or similar Laws relating to or affecting creditors’ the rights and remedies generally, of creditors generally and subject, as to enforceability, to the effect of general principles of equity, including principles of commercial reasonableness, good faith and fair dealing equity (regardless of whether enforcement such enforceability is sought considered in a proceeding Proceeding in equity or at Law or in equitylaw). (b) The Yuma Board. Promptly following the execution of this Agreement by the parties hereto, Parent shall, by resolutions duly adopted by unanimous vote at consent in lieu of a meeting of all directors of Yuma duly called meeting, approve and held and, as of the date hereof, not subsequently rescinded or modified in any way, has, as of the date hereof (i) approved this Agreement, the Reincorporation Merger and the Merger, and determined that adopt this Agreement and the transactions contemplated hereby, including the Reincorporation Merger and the Merger, are fair to, and in the best interests of, Yuma shareholders, and (ii) resolved to recommend that Yuma’s shareholders approve the Yuma Shareholder Approval Matters and directed that such matters be submitted for consideration of the shareholders of Yuma at the Yuma Shareholders’ Meeting. The board of directors of each of Delaware Merger Subsidiary and Merger Subsidiary, at a meeting duly called and held, has unanimously approved this Agreement, the Reincorporation Merger and the Merger, as applicable. Yuma, in its capacity as the sole stockholder of Delaware Merger Subsidiary, hereby approves of this Agreement and the Reincorporation Merger, and Delaware Merger Subsidiary, in its capacity as the sole stockholder of Merger SubsidiarySub, hereby approves of this Agreement and which consent shall be delivered to the MergerCompany. (cb) The execution, delivery and performance of this Agreement by each of the Yuma Entities Parent and Merger Sub and the consummation of the Reincorporation Merger, the Merger, Merger and the other transactions contemplated hereby do does not and will not violate, conflict with with, give rise to the right to modify or result in a breach of any provision of, or constitute a default (or an event which, with notice or lapse of time or both, would constitute a default) under, or result in the termination of, or accelerate the performance required by, or result in a right of termination or acceleration under, contractually or require any offer to purchase or any prepayment of any debt, or result in the creation of any lien, security interest or encumbrance Lien upon any of the properties or assets of Yuma Parent or any of its Subsidiaries under any of the terms, conditions or provisions of (i) the Governing Documents respective certificate of incorporation or bylaws or similar governing documents of Parent or any Yuma Companyof its Subsidiaries, (ii) subject to compliance with the requirements set forth in clauses (i)-(v) of Section 4.03(d) and obtaining the Yuma Shareholder Approval, any statute, Law, ordinance, rule, regulation, judgment, decree, order, injunction, writ, Permit permit or license of any court or Governmental Entity applicable to Parent or any of the Yuma Companies its Subsidiaries or any of their respective properties or assets, subject to obtaining the Parent Required Statutory Approvals, or (iii) any contract, agreement, commitment Parent Permit or understanding Contract to which Parent or any Yuma Company of its Subsidiaries is now a party or by which Parent or any of the Yuma Companies its Subsidiaries or any of their respective properties or assets may be bound or affected, except as provided in Section 4.03 of the Yuma Disclosure Schedule, and other than, in the case of clauses (ii) and (iii) of this Section 4.03(c)above, such violations, conflicts, rights to modify, breaches, defaults, terminations, accelerations, contractual requirements accelerations or creations of liensLiens, security interests or encumbrances that would not reasonably be expectednot, individually or in the aggregate, reasonably be expected to have a Yuma Parent Material Adverse Effect and would not prevent or materially delay the consummation of the MergerEffect. (dc) Except for (i) the filing with filings by Parent or Merger Sub required by the SEC HSR Act (ii) the applicable requirements of a Registration Statement on Form S-4 under the Exchange Act and the Securities Act by Yuma, through Delaware Merger Subsidiary, with respect to the transactions contemplated hereby (the “Registration Statement”) and applicable filings pursuant to the Exchange Act, including the filing with the SEC of Yuma’s proxy statement relating to the Yuma Shareholders’ Meeting (the “Proxy Statement/Prospectus”), (iiiii) the filing of the Certificate of Merger with and appropriate merger documents as required by the Secretary of State in connection with the MergerDGCL, (iiiiv) the filing of a Current Report on Form 8-K with the SEC within four (4) Business Days after Joint Proxy Statement/Prospectus and the execution of this Agreement Registration Statement, and within four (4) Business Days the effectiveness of the Closing Date, (iv) filings with the Secretary of State and the secretary of state of the State of California in connection with the Reincorporation MergerRegistration Statement, and (v) such approvals as may be any required filings under applicable state securities or “blue sky” Laws or the rules and regulations of NASDAQ (the NYSE MKTfilings and approvals referred to in clauses (i) through (v) collectively, and except as provided in Section 4.03 of the Yuma Disclosure Schedule“Parent Required Statutory Approvals”), no declaration, filing or registration with, or notice to, or authorization, consent or approval, ratification or permission of (any of the foregoing being a “Consent”)approval of, any Governmental Entity or authority or other Person is necessary under any Yuma Material Contract or otherwise for the execution and delivery of this Agreement by Yuma Parent or Merger Subsidiary Sub or the consummation by Yuma Parent or Merger Subsidiary Sub, as applicable, of the Merger or the other transactions contemplated hereby, other than such Consents declarations, filings, registrations, notices, authorizations, consents or approvals which, if not made or obtained, as the case may be, would not reasonably be expectednot, individually or in the aggregate, reasonably be expected to have a Yuma Parent Material Adverse Effect and would not prevent or materially delay the consummation of the MergerEffect. (e) The board of directors of Yuma has approved the Merger and this Agreement and the transactions contemplated hereby and thereby, and such approval is sufficient to render inapplicable to the Merger and this Agreement and the transactions contemplated hereby the anti-takeover provisions of the CCC to the extent, if any, such provisions are applicable to the Merger, this Agreement, and the transactions contemplated hereby and thereby. No other state takeover, control share, fair price or similar statute or regulation applies to or purports to apply to Yuma with respect to the Merger, this Agreement, or the transactions contemplated hereby and thereby.

Appears in 1 contract

Samples: Merger Agreement (Pacific Ethanol, Inc.)

Authority; Non-Contravention; Approvals. (a) Yuma Company has the requisite corporate power and authority to enter into this Agreement and, subject to Yuma Shareholder Company Stockholder Approval, to perform its obligations hereunder and to consummate the transactions contemplated hereby. The execution and delivery by Yuma of this AgreementAgreement by Company, the performance by Yuma Company of its obligations hereunder, hereunder and the consummation by Yuma Company of the transactions contemplated hereby, hereby have been duly authorized by all necessary corporate action on the part of YumaCompany, subject only to the approval of the Yuma Shareholder Approval Matters by the shareholders of YumaCompany Stockholder Approval. The affirmative vote of the holders of (i) a majority of the outstanding shares of Yuma Common Stock outstanding on the applicable record date and (ii) two-thirds of the outstanding shares of Yuma Series A Preferred Stock outstanding on the applicable record date voting as a separate class (collectively, the “Yuma Shareholder Approval”) Company Stockholder Approval Threshold is the only vote of the holders of any class or series of Yuma’s Capital Company Common Stock necessary to adopt or approve the Yuma Shareholder Company Stockholder Approval Matters. There are no bondsMatters (collectively, debentures, notes or other indebtedness of Yuma having the right to vote (or convertible into, or exchangeable for, securities having the right to vote) on any matters on which the holders of Yuma Common Stock may vote“Company Stockholder Approval”). This Agreement has been duly executed and delivered by each of the Yuma Entities, Company and, assuming the due authorization, execution and delivery hereof by Albireo and Sellers, constitutes the valid and binding obligation of Company, constitutes a valid and legally binding agreement of each of the Yuma Entities, enforceable against the Yuma Entities in accordance with its terms, subject to applicable bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar Laws other laws affecting creditors’ rights generally and remedies generally, and subject, as to enforceability, to general principles of equity, including principles of commercial reasonableness, good faith and fair dealing (regardless of whether enforcement is sought in a proceeding at Law or in equity). (b) The Yuma BoardCompany’s board of directors, by resolutions duly adopted by unanimous vote at a meeting of all directors of Yuma Company duly called and held and, as of the date hereofOriginal Agreement Date, not subsequently rescinded or modified in any way, has, as of the date hereof Original Agreement Date (i) approved approved, adopted and declared advisable this Agreement, the Reincorporation Merger Agreement and the MergerAcquisition, and determined that this Agreement and the transactions contemplated herebyby this Agreement, including the Reincorporation Merger and the MergerAcquisition, are fair to, to and in the best interests of, Yuma shareholdersof the Company Stockholders, and (ii) approved the Company Stockholder Approval Matters that require board approval and resolved to recommend that Yuma’s shareholders the Company Stockholders approve the Yuma Shareholder Company Stockholder Approval Matters Matters, and directed that such matters be submitted for consideration of the shareholders of Yuma at the Yuma Shareholders’ Meeting. The board of directors of each of Delaware Merger Subsidiary and Merger Subsidiary, at a meeting duly called and held, has unanimously approved this Agreement, the Reincorporation Merger and the Merger, as applicable. Yuma, in its capacity as the sole stockholder of Delaware Merger Subsidiary, hereby approves of this Agreement and the Reincorporation Merger, and Delaware Merger Subsidiary, in its capacity as the sole stockholder of Merger Subsidiary, hereby approves of this Agreement and the MergerCompany Stockholders. (c) The executionexecution and delivery of this Agreement by Company does not, delivery and the performance of this Agreement by each of the Yuma Entities and the consummation of the Reincorporation MergerCompany will not, the Merger, and the other transactions contemplated hereby do not and will not violate, (i) conflict with or result in a breach of any provision of, or constitute a default (or an event which, with notice or lapse of time or both, would constitute a default) under, or result in violate the termination of, or accelerate the performance required by, or result in a right of termination or acceleration under, contractually require any offer to purchase or any prepayment of any debt, or result in the creation of any lien, security interest or encumbrance upon any of the properties or assets of Yuma under any of the terms, conditions or provisions of (i) the Governing Organizational Documents of any Yuma Acquiring Company, (ii) subject to obtaining the Company Stockholder Approval and compliance with the requirements set forth in clauses (i)-(vSection 3.3(d) of Section 4.03(d) and obtaining the Yuma Shareholder Approvalbelow, conflict with or violate any statute, Law, ordinance, rule, regulation, judgment, decree, order, injunction, writ, Permit or license of any court or Governmental Entity Legal Requirement applicable to any of the Yuma Acquiring Companies or by which its or any of their respective properties or assets, or (iii) any contract, agreement, commitment or understanding to which any Yuma Company is now a party or by which any of the Yuma Companies or any of their respective properties or assets may be are bound or affected, except as provided in Section 4.03 of the Yuma Disclosure Schedule, and other than, in the case of clauses (ii) and (iii) of this Section 4.03(c), for any such violations, conflicts, breaches, defaults, terminations, accelerations, contractual requirements conflicts or creations of liens, security interests or encumbrances that would not reasonably be expectedviolations that, individually or in the aggregate, to would not have a Yuma Company Material Adverse Effect and or would not prevent or materially delay the consummation of the MergerAcquisition, or (iii) require an Acquiring Company to make any filing with or give any notice to a Person or to obtain any Consent from a Person, or result in any breach of or constitute a default (or an event that with notice or lapse of time or both would become a default) under, or impair Company’s rights or alter the rights or obligations of any third party under, or give to others any rights of termination, amendment, acceleration or cancellation of, or result in the creation of a lien or encumbrance on any of the properties or assets of the Acquiring Companies pursuant to, any Company Contract to which an Acquiring Company is a party or by which any Acquiring Company or any of its properties are bound or affected (except, for purposes of this clause (iii), as would not, individually or in the aggregate, have a Company Material Adverse Effect or prevent or materially delay the Acquisition). (d) Except No consent, approval, order or authorization of, or registration, declaration or filing with, any Governmental Body is required by or with respect to Company in connection with the execution and delivery of this Agreement or the consummation of the transactions contemplated hereby, except for (i) the filing of the Proxy Statement with the SEC of a Registration Statement on Form S-4 under the Securities Act by Yuma, through Delaware Merger Subsidiary, in accordance with respect to the transactions contemplated hereby (the “Registration Statement”) and applicable filings pursuant to the Exchange Act, including the filing with the SEC of Yuma’s proxy statement relating to the Yuma Shareholders’ Meeting (the “Proxy Statement/Prospectus”), (ii) the filing of the Certificate of Merger with the Secretary of State in connection with the Mergerany filings contemplated by Section 6.4(a), (iii) the filing of a Current Report Reports on Form 8-K with the SEC within four (4) Business Days after the execution of this Agreement and within four (4) Business Days of the Closing Date, and (iv) filings with the Secretary of State and the secretary of state of the State of California in connection with the Reincorporation Merger, and (v) such approvals as may be required under applicable state securities or “blue sky” Laws laws or the rules and regulations of the NYSE MKT, and except as provided in Section 4.03 of the Yuma Disclosure Schedule, no declaration, filing or registration with, or notice to, or authorization, consent or approval, ratification or permission of (any of the foregoing being a “Consent”), any Governmental Entity or authority or other Person is necessary under any Yuma Material Contract or otherwise for the execution and delivery of this Agreement by Yuma or Merger Subsidiary or the consummation by Yuma or Merger Subsidiary of the transactions contemplated hereby, other than such Consents which, if not made or obtained, as the case may be, would not reasonably be expected, individually or in the aggregate, to have a Yuma Material Adverse Effect and would not prevent or materially delay the consummation of the MergerNASDAQ. (e) The board of directors of Yuma has approved the Merger and this Agreement and the transactions contemplated hereby and thereby, and such approval is sufficient to render inapplicable to the Merger and this Agreement and the transactions contemplated hereby the anti-takeover provisions of the CCC to the extent, if any, such provisions are applicable to the Merger, this Agreement, and the transactions contemplated hereby and thereby. No other state takeover, control share, fair price or similar statute or regulation applies to or purports to apply to Yuma with respect to the Merger, this Agreement, or the transactions contemplated hereby and thereby.

Appears in 1 contract

Samples: Share Exchange Agreement (Biodel Inc)

Authority; Non-Contravention; Approvals. (a) Yuma Parent has the requisite corporate power and authority to enter into this Agreement and, subject to Yuma Shareholder Parent Stockholder Approval, to perform its obligations hereunder and to consummate the transactions contemplated herebyParent Transactions. The execution and delivery by Yuma Parent of this Agreement, the performance by Yuma Parent of its obligations hereunder, hereunder and the consummation by Yuma Parent of the transactions contemplated hereby, Parent Transactions have been duly authorized by all necessary corporate action on the part of YumaParent and Merger Sub, subject only to Parent Stockholder Approval, to adoption of this Agreement by Parent as sole stockholder of Merger Sub immediately following the approval execution hereof, the filing and recordation of the Yuma Shareholder Approval Matters by Parent Amended and Restated Charter and the shareholders filing and recordation of Yumathe Certificate of Merger pursuant to Delaware Law. The affirmative vote of the holders of (i) a majority in voting power of the outstanding shares of Yuma Parent Common Stock outstanding on the applicable record date and (ii) two-thirds of the outstanding shares of Yuma Series A Preferred Stock outstanding on the applicable record date voting as a separate class (collectively, the Yuma Shareholder Parent Stockholder Approval”) is the only vote of the holders of any class or series of Yuma’s Parent Capital Stock necessary to adopt or approve the Yuma Shareholder Parent Stockholder Approval Matters. There are no bonds, debentures, notes or other indebtedness of Yuma having the right to vote (or convertible into, or exchangeable for, securities having the right to vote) on any matters on which the holders of Yuma Common Stock may vote. This Agreement has been duly executed and delivered by each of the Yuma Entities, Parent and Merger Sub and, assuming the due authorization, execution and delivery hereof of this Agreement by the Company, this Agreement constitutes a the valid and legally binding agreement obligation of each of the Yuma EntitiesParent and Merger Sub, enforceable against the Yuma Entities in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium except as enforceability may be limited by bankruptcy and other similar Laws affecting creditors’ rights laws and remedies generally, and subject, as to enforceability, to general principles of equity, including principles of commercial reasonableness, good faith and fair dealing (regardless of whether enforcement is sought in a proceeding at Law or in equity). (b) The Yuma BoardParent’s board of directors, by resolutions duly adopted by a unanimous vote at a meeting of all directors of Yuma Parent duly called and held held, or by unanimous written consent of the board of directors of Parent, and, as of the date hereofof this Agreement, not subsequently rescinded or modified in any way, has, as of the date hereof of this Agreement (i) approved this Agreement, the Reincorporation Merger Agreement and the Merger, and determined that this Agreement and the transactions contemplated herebyParent Transactions, including the Reincorporation Merger and the Merger, are fair to, and in the best interests of, Yuma shareholdersof Parent’s stockholders, and (ii) resolved to recommend that YumaParent’s shareholders stockholders approve the Yuma Shareholder Parent Stockholder Approval Matters and directed that such matters be submitted for consideration of the shareholders stockholders of Yuma Parent at the Yuma ShareholdersParent Stockholders’ Meeting. The board of directors of each of Delaware Merger Subsidiary Sub has approved and Merger Subsidiary, at a meeting duly called and held, has unanimously approved this Agreement, the Reincorporation Merger and the Merger, as applicable. Yuma, in its capacity as the sole stockholder of Delaware Merger Subsidiary, hereby approves of declared advisable this Agreement and the Reincorporation MergerMerger and submitted this Agreement to Parent, and Delaware Merger Subsidiaryas its sole stockholder for adoption thereby. Immediately following the execution of this Agreement, Parent in its capacity as the sole stockholder of Merger SubsidiarySub, hereby approves of shall execute a written consent adopting this Agreement and the MergerAgreement. (c) The executionexecution and delivery of this Agreement by Parent and Merger Sub does not, delivery and the performance of this Agreement by each of the Yuma Entities and the consummation of the Reincorporation MergerParent or Merger Sub will not, the Merger, and the other transactions contemplated hereby do not and will not violate, (i) conflict with or result in a breach violate the certificate of any provision of, incorporation or constitute a default (bylaws of Parent or an event which, with notice or lapse of time or both, would constitute a default) under, or result in the termination of, or accelerate the performance required by, or result in a right of termination or acceleration under, contractually require any offer to purchase or any prepayment of any debt, or result in the creation of any lien, security interest or encumbrance upon any of the properties or assets of Yuma under any of the terms, conditions or provisions of (i) the Governing Documents of any Yuma CompanyMerger Sub, (ii) subject to obtaining Parent Stockholder Approval and compliance with the requirements set forth in clauses (i)-(vSection 3.3(d) of Section 4.03(d) and obtaining the Yuma Shareholder Approvalbelow, conflict with or violate any statute, Law, ordinance, rule, regulation, judgment, decreeLegal Requirement, order, injunction, writ, Permit judgment or license of any court or Governmental Entity decree applicable to any of the Yuma Companies Parent or any of Merger Sub or by which their respective properties or assets, or (iii) any contract, agreement, commitment or understanding to which any Yuma Company is now a party or by which any of the Yuma Companies or any of their respective properties or assets may be are bound or affected, except as provided in Section 4.03 of the Yuma Disclosure Schedule, and other than, in the case of clauses (ii) and (iii) of this Section 4.03(c), for any such violations, conflicts, breaches, defaults, terminations, accelerations, contractual requirements conflicts or creations of liens, security interests or encumbrances violations that would not reasonably be expected, individually or in the aggregate, to have a Yuma Parent Material Adverse Effect and or would not prevent or materially delay the consummation of the Merger, or (iii) require an Acquiring Company to make any filing with or give any notice to or obtain any Consent from a Person pursuant to any Parent Contract, result in any breach of or constitute a default (or an event that with notice or lapse of time or both would become a default) under, or impair Parent’s rights or alter the rights or obligations of any third party under, or give to others any rights of termination, amendment, acceleration or cancellation of, or result in the creation of a lien or encumbrance on any of the properties or assets of Parent pursuant to, any Parent Contract. (d) Except No consent, approval, order or authorization of, or registration, declaration or filing with any Governmental Body is required by or with respect to Parent in connection with the execution and delivery of this Agreement or the consummation of the Parent Transactions , except for (i) the filing with the SEC of a Registration Statement on Form S-4 any outstanding periodic reports due under the Securities Act by Yuma, through Delaware Merger Subsidiary, with respect to the transactions contemplated hereby (the “Registration Statement”) and applicable filings pursuant to the Exchange Act, including the filing with the SEC of Yuma’s proxy statement relating to the Yuma Shareholders’ Meeting (the “Proxy Statement/Prospectus”), (ii) the filing of the Certificate of Merger with the Secretary of State in connection with of the MergerState of Delaware, (iii) the filing of a the Proxy Statement/Prospectus/ Information Statement with the SEC in accordance with the Exchange Act, (iv) the filing of Current Report Reports on Form 8-K with the SEC within four (4) Business Days business days after the execution of this Agreement and within four (4) Business Days of the Closing Date, (ivv) filings the filing of the Parent Amended and Restated Charter with the Secretary of State and the secretary of state of the State of California Delaware in connection accordance with the Reincorporation Merger, Section 5.15 and (vvii) such approvals as may be required under applicable state securities or “blue sky” Laws laws or the rules and regulations of the NYSE MKT, and except as provided in Section 4.03 of the Yuma Disclosure Schedule, no declaration, filing or registration with, or notice to, or authorization, consent or approval, ratification or permission of (any of the foregoing being a “Consent”), any Governmental Entity or authority MKT or other Person is necessary under any Yuma Material Contract applicable national securities exchange or otherwise for the execution and delivery of this Agreement by Yuma or Merger Subsidiary or the consummation by Yuma or Merger Subsidiary of the transactions contemplated hereby, other than such Consents which, if not made or obtained, as the case may be, would not reasonably be expected, individually or in the aggregate, to have a Yuma Material Adverse Effect and would not prevent or materially delay the consummation of the Mergerover-the-counter market. (e) The board of directors of Yuma has approved the Merger and this Agreement and the transactions contemplated hereby and thereby, and such approval is sufficient to render inapplicable to the Merger and this Agreement and the transactions contemplated hereby the anti-takeover provisions of the CCC to the extent, if any, such provisions are applicable to the Merger, this Agreement, and the transactions contemplated hereby and thereby. No other state takeover, control share, fair price or similar statute or regulation applies to or purports to apply to Yuma with respect to the Merger, this Agreement, or the transactions contemplated hereby and thereby.

Appears in 1 contract

Samples: Merger Agreement (Mast Therapeutics, Inc.)

Authority; Non-Contravention; Approvals. (a) Yuma Company has the requisite corporate power and authority to enter into this Agreement and, subject to Yuma Shareholder ApprovalCompany Stockholder Approval for the Company Convertible Preferred Stock Conversion, to perform its obligations hereunder and to consummate the transactions contemplated herebyTransactions. The execution and delivery by Yuma of this AgreementAgreement by Company, the performance by Yuma Company of its obligations hereunder, hereunder and the consummation by Yuma Company of the transactions contemplated hereby, Transactions have been duly authorized by all necessary corporate action on the part of YumaCompany and the board of directors of Company, subject only to the approval Company Stockholder Approval in respect of the Yuma Shareholder Approval Matters by the shareholders of YumaCompany Convertible Preferred Stock Conversion. The affirmative vote of the holders of (i) a majority of the outstanding shares of Yuma Common Stock outstanding on the applicable record date and (ii) two-thirds of the outstanding shares of Yuma Series A Preferred Stock outstanding on the applicable record date voting as a separate class (collectively, the “Yuma Shareholder Approval”) Company Stockholder Approval Threshold is the only vote of the holders of any class or series of Yuma’s Capital Company Common Stock and Company Convertible Preferred Stock necessary to adopt or approve the Yuma Shareholder Company Stockholder Approval Matters. There are no bondsMatters (collectively, debentures, notes or other indebtedness of Yuma having the right to vote (or convertible into, or exchangeable for, securities having the right to vote) on any matters on which the holders of Yuma Common Stock may vote“Company Stockholder Approval”). This Agreement has been duly executed and delivered by each an authorized officer of the Yuma Entities, Company and, assuming the due authorization, execution and delivery hereof by the Companyeach other Party, constitutes a valid and legally binding agreement obligation of each of the Yuma EntitiesCompany, enforceable against the Yuma Entities in accordance with its terms, subject to applicable bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar Laws other laws affecting creditors’ rights generally and remedies generally, and subject, as to enforceability, to general principles of equity, including principles of commercial reasonableness, good faith and fair dealing (regardless of whether enforcement is sought in a proceeding at Law or in equity). (b) The Yuma BoardCompany’s board of directors, by resolutions duly adopted by unanimous vote at a meeting of all directors of Yuma Company duly called and held and, as of the date hereof, and not subsequently rescinded or modified in any way, has, as of the date hereof has (i) approved approved, adopted and declared advisable this Agreement, the Reincorporation Merger Transactions and the MergerAcquisition, and determined that this Agreement and the transactions contemplated herebyTransactions, including the Reincorporation Merger and the MergerAcquisition, are fair to, to and in the best interests of, Yuma shareholdersof the Company Stockholders, and (ii) approved the Company Stockholder Approval Matters that require board approval and resolved to recommend that Yuma’s shareholders the Company Stockholders approve the Yuma Shareholder Company Stockholder Approval Matters Matters, and directed that such matters be submitted for consideration of the shareholders of Yuma at the Yuma Shareholders’ Meeting. The board of directors of each of Delaware Merger Subsidiary and Merger Subsidiary, at a meeting duly called and held, has unanimously approved this Agreement, the Reincorporation Merger and the Merger, as applicable. Yuma, in its capacity as the sole stockholder of Delaware Merger Subsidiary, hereby approves of this Agreement and the Reincorporation Merger, and Delaware Merger Subsidiary, in its capacity as the sole stockholder of Merger Subsidiary, hereby approves of this Agreement and the MergerCompany Stockholders. (c) (x) The executionexecution and delivery of (1) this Agreement, delivery (2) the Registration Rights Agreements and (3) the Investor Rights Agreement by Company does not, and (y) the performance of this Agreement by each of the Yuma Entities agreements listed in (x) above and the consummation of the Reincorporation MergerTransactions by Company, including, but not limited to, the Mergerissuance of Company Common Stock issuable hereunder and issuable upon conversion of Company Preferred Stock issuable hereunder, will not, (i) conflict with or violate the Organizational Documents of any Acquiring Company, (ii) subject to obtaining the Company Stockholder Approval and compliance with the other transactions contemplated hereby do not and will not violaterequirements set forth in Section 3.3(d) below, conflict with or violate any Legal Requirement applicable to the Acquiring Companies or by which its or any of their respective properties are bound or affected, or (iii) require an Acquiring Company to make any filing with or give any notice to a Person or to obtain any Consent from a Person, or result in a any breach of any provision of, or constitute a default (or an event which, that with notice or lapse of time or both, both would constitute become a default) under, or result in impair Company’s rights or alter the termination ofrights or obligations of any third party under, or accelerate the performance required bygive to others any rights of termination, amendment, acceleration or result in a right of termination or acceleration under, contractually require any offer to purchase or any prepayment of any debtcancellation of, or result in the creation of any lien, security interest a lien or encumbrance upon on any of the properties or assets of Yuma under any of the terms, conditions or provisions of (i) the Governing Documents of any Yuma Company, (ii) subject to compliance with the requirements set forth in clauses (i)-(v) of Section 4.03(d) and obtaining the Yuma Shareholder ApprovalAcquiring Companies pursuant to, any statute, Law, ordinance, rule, regulation, judgment, decree, order, injunction, writ, Permit or license of any court or Governmental Entity applicable to any of the Yuma Companies or any of their respective properties or assets, or (iii) any contract, agreement, commitment or understanding Company Material Contract to which any Yuma an Acquiring Company is now a party or by which any of the Yuma Companies Acquiring Company or any of their respective its properties or assets may be are bound or affected, except as provided in Section 4.03 of the Yuma Disclosure Schedule, and other than, in the case of clauses (ii) and (iii) of this Section 4.03(c), such violations, conflicts, breaches, defaults, terminations, accelerations, contractual requirements or creations of liens, security interests or encumbrances that would not reasonably be expected, individually or in the aggregate, to have a Yuma Material Adverse Effect and would not prevent or materially delay the consummation of the Merger. (d) Except No consent, approval, order or authorization of, or registration, declaration or filing with, any Governmental Body is required by or with respect to Company in connection with the execution and delivery of this Agreement or the consummation of the Transactions, except for (i) the filing of the Proxy Statement with the SEC of a Registration Statement on Form S-4 under the Securities Act by Yuma, through Delaware Merger Subsidiary, with respect to the transactions contemplated hereby and Exchange Commission (the “Registration StatementSEC”) and applicable filings pursuant to the Exchange Act, including the filing in accordance with the SEC Securities Exchange Act of Yuma’s proxy statement relating to the Yuma Shareholders’ Meeting 1934, as amended (the “Proxy Statement/ProspectusExchange Act”), (ii) the filing of the Certificate of Merger with the Secretary of State in connection with the Merger, (iii) the filing of a one or more Current Report Reports on Form 8-K with the SEC within four (4) Business Days after the execution of this Agreement and within four (4) Business Days of the Closing Date, (iviii) filings any other filing with the Secretary of State and SEC required by the secretary of state of the State of California in connection with the Reincorporation MergerSEC or by law, and (viv) such approvals as may be required under applicable state securities or “blue sky” Laws laws or the rules and regulations of the NYSE MKT, and except as provided in Section 4.03 of the Yuma Disclosure Schedule, no declaration, filing or registration with, or notice to, or authorization, consent or approval, ratification or permission of (any of the foregoing being a “Consent”), any Governmental Entity or authority or other Person is necessary under any Yuma Material Contract or otherwise for the execution and delivery of this Agreement by Yuma or Merger Subsidiary or the consummation by Yuma or Merger Subsidiary of the transactions contemplated hereby, other than such Consents which, if not made or obtained, as the case may be, would not reasonably be expected, individually or in the aggregate, to have a Yuma Material Adverse Effect and would not prevent or materially delay the consummation of the MergerNASDAQ. (e) The board of directors of Yuma has approved the Merger and this Agreement and the transactions contemplated hereby and thereby, and such approval is sufficient to render inapplicable Prior to the Merger and this Agreement and the transactions contemplated hereby the anti-takeover provisions date hereof, Company has filed with NASDAQ a Listing of the CCC to the extent, if any, such provisions are applicable to the Merger, this Agreement, and the transactions contemplated hereby and thereby. No other state takeover, control share, fair price or similar statute or regulation applies to or purports to apply to Yuma Additional Shares Notification Form with respect to the Mergershares of Company Common Stock to be issued pursuant to this Agreement at the Closing and upon conversion of the Company Convertible Preferred Stock, this Agreement, or and NASDAQ has not indicated to Company its objection to the transactions contemplated hereby and therebylisting of such shares on NASDAQ.

Appears in 1 contract

Samples: Share Exchange Agreement (GBS Inc.)

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