CONVERSION OF OUTSTANDING STOCK. As of the Effective Date, each of the issued and outstanding shares of Common Stock of the Delaware Corporation and all rights in respect thereof shall continue in effect as fully paid and nonassessable shares of Common Stock of the Delaware Corporation, and each certificate nominally representing the Georgia Corporation Shares shall become null and void. The holders of such certificates shall surrender the same to the Delaware Corporation in exchange for the Parent Corporation Shares delivered from the assets of the Delaware Corporation.
CONVERSION OF OUTSTANDING STOCK. Forthwith upon the effective date of the Plan, HEXC shall issue 50,000,000 new investment shares of its common stock to or for the Golden Sand Shareholders.
CONVERSION OF OUTSTANDING STOCK. Forthwith upon the effective date of the Plan, HTAG shall issue 67,000,000 new investment shares of its common stock to or for the Xxxx Xxxx Shareholders.
CONVERSION OF OUTSTANDING STOCK. Forthwith upon the effective date of the Plan, XXXX shall issue 55,000,000 new investment shares of its common stock to or for the ZHLD Shareholders.
CONVERSION OF OUTSTANDING STOCK. Forthwith upon the effective date of the Plan, XCEN shall issue 70,000,000 new investment shares of its common stock to or for the Pingchuan Shareholders.
CONVERSION OF OUTSTANDING STOCK. Forthwith upon the Effective Date, each of the issued and outstanding shares of capital stock of the Merging Corporation, and all rights in respect thereof, shall be converted into one (1) fully paid and nonassessable share of the $.001 par value Class A voting common stock of the Surviving Corporation, such that the certificate or certificates nominally representing the 10,000,000 issued shares of capital stock of the Merging Corporation shall for all purposes be deemed to evidence the ownership of in the aggregate 10,000,000 shares of common stock of the Surviving Corporation. The shareholders of the Merging Corporation shall surrender their certificates representing shares of capital stock of the Merging Corporation in exchange for certificates of Class A voting common stock in the Surviving Corporation. Any stock option plan to which the Merging Corporation is subject shall become an obligation of the Surviving Corporation and any options issued pursuant thereto shall be valid with respect to the stock of the Surviving Corporation.
CONVERSION OF OUTSTANDING STOCK. Forthwith upon the Effective Date, each of the issued and outstanding shares of Common Stock of Amaze and all rights in respect thereof shall be converted into one fully paid and nonassessable share of Common Stock of Xxxxxx, and each certificate nominally representing shares of Common Stock of Amaze shall for all purposes be deemed to evidence the ownership of a like manner of shares of Common Stock of Xxxxxx. The holders of such certificates shall not be required immediately to surrender the same in exchange for certificates of Common Stock of Xxxxxx but, as certificates nominally representing shares of Common Stock of Amaze are surrendered for transfer, Xxxxxx will cause to be issued certificates representing shares of Common Stock of Xxxxxx and, at any time upon surrender by any holder of certificates nominally representing shares of Common Stock of Amaze, Xxxxxx will cause to be issued therefore certificates for a like number of shares of Common Stock of Xxxxxx.
CONVERSION OF OUTSTANDING STOCK. Forthwith upon the Effective Date, each of the issued and outstanding shares of Common Stock of the Disappearing Company and all rights in respect thereof shall be converted into one (1) fully paid and nonassessable share of Common Stock of the Surviving Company, and each certificate nominally representing shares of Common Stock of the Disappearing Company shall for all purposes be deemed to evidence the ownership of a like number of shares of Common Stock of the Surviving Company. The holders of such certificates shall not be required immediately to surrender the same in exchange for certificates of Common Stock in the Surviving Company but, as certificates nominally representing shares of Common Stock of the Disappearing Company are surrendered for transfer, the Surviving Company will cause to be issued certificates representing shares of Common Stock of the Surviving Company, and, at any time upon surrender by any holder of certificates nominally representing shares of Common Stock of the Disappearing Company, the Surviving Company will cause to be issued therefore certificates for a like number of shares of Common Stock of the Surviving Company.
CONVERSION OF OUTSTANDING STOCK. Forthwith upon the Effective Date, each of the issued and outstanding shares of Common Stock of Water-Jel and all rights in respect thereof shall be converted into one full paid and nonassessable share of Common Stock of X-Ceed, and each certificate nominally representing shares of Common Stock of Water-Jel shall for all purposes be deemed to evidence the ownership of a like number of shares of the Common Stock of X-Ceed. The holders of such certificates shall not be required immediately to surrender the same in exchange for certificates of Common Stock of X-Ceed but, as certificates nominally representing shares of Common Stock of Water-Jel are surrendered for transfer, X-Ceed will cause to be issued certificates representing shares of Common Stock of X-Ceed and, at any time upon surrender by any holder of certificates nominally representing shares of Common Stock of Water-Jel for transfer, X-Ceed will cause to be issued certificates representing shares of Common Stock of X-Ceed and, at any time upon surrender by any holder of certificates nominally representing shares of Common Stock of Water-Jel, X-Ceed will cause to be issued through its transfer agent therefor certificates for a like number of shares of Common Stock of X-Ceed.
CONVERSION OF OUTSTANDING STOCK. Forthwith upon the Effective Date, the one thousand shares of issued and outstanding stock of the Delaware Corporation and all rights in respect thereof shall be converted to a 100% interest in the Delaware LLC.
