Common use of Bakex Xxxurities Clause in Contracts

Bakex Xxxurities. In order to facilitate any cancellation or exchange of any shares of Bakex Xxxmon Stock and any Bakex Xxxions by the Bakex Xxxestors contemplated hereby, if requested by the Company, each Bakex Xxxestor shall deliver within five business days after such request one or more certificates representing all of the shares of Bakex Xxxmon Stock and any granting instruments with respect to all of the Bakex Xxxions in either case to be cancelled or exchanged in accordance with this Agreement, together with stock powers or other instruments duly endorsed or otherwise sufficient for transfer of such certificates or instruments, as the case may be. The Company shall hold such instruments in escrow pending the Closing Date. On the Closing Date, the Company is authorized to present such instruments to the transfer agent for Bakex xxx instruct the transfer agent to register the shares of Bakex Xxxmon Stock in the name of the Company or its designee (or, in the case of the certificates representing Bakex Xxxions, to mark xxx record such options as cancelled, as contemplated by the Merger Agreement).