Cancellation of Treasury Shares and of Outstanding Novume Common Stock. (a) At the Effective Time, each share of Company Common Stock and Company Preferred Stock held in the treasury of the Company immediately prior to the Effective Time, and each share of Brekford Common Stock held in the treasury of Brekford immediately prior to the Effective Time, shall be cancelled and retired and no shares of stock or other securities of Novume or either of the Surviving Corporations shall be issuable, and no payment or other consideration shall be made, with respect thereto.
Appears in 6 contracts
Samples: Agreement and Plan of Merger (Brekford Traffic Safety, Inc.), Agreement and Plan of Merger (Novume Solutions, Inc.), Agreement and Plan of Merger (Brekford Corp.)
Cancellation of Treasury Shares and of Outstanding Novume Common Stock. (a) At the Effective Time, each share of Company Common Stock and Company Preferred Stock held in the treasury of the Company immediately prior to the Effective Time, and each share of Brekford Common Stock held in the treasury of Brekford immediately prior to the Effective Time, shall be cancelled and retired and no shares of stock or other securities of Novume or either of the Surviving Corporations Companies shall be issuable, and no payment or other consideration shall be made, with respect thereto.
Appears in 3 contracts
Samples: Agreement and Plan of Merger (KeyStone Solutions, Inc.), Agreement and Plan of Merger (Brekford Traffic Safety, Inc.), Agreement and Plan of Merger (Novume Solutions, Inc.)
