Exchange of Company Common Stock. (a) At the Closing, Company and Company Shareholder shall cause the delivery of all Company Common Stock outstanding immediately prior to the Effective Time to Parent (“Company Shareholder Company Certificates”), together with appropriate duly executed assignments of Company Shareholder, in exchange for the number of whole shares of Parent Common Stock into which such interests have been converted as provided in Section 1.4(a), and Company Shareholder Company Certificates so surrendered shall be cancelled. Company Common Stock outstanding shall be exchanged for Parent Common Stock in accordance with Section 1.4(a) on delivery by Company Shareholder of Company Shareholder Common Stock Certificates (“Company Certificates”) to Parent.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Dala Petroleum Corp.), Agreement and Plan of Merger (Dala Petroleum Corp.)
Exchange of Company Common Stock. (a) At the Closing, Company and Company Shareholder shall will cause the delivery of all Company Shareholders Company Common Stock all of which are outstanding immediately prior to the Effective Time to Parent (“Company Shareholder Company Certificates”), together with appropriate duly executed assignments of Company Shareholdersigned by such holders, in exchange for the number of whole shares of Parent Common Stock into which such interests have been converted as provided in Section 1.4(a), and Company Shareholder Company Certificates so surrendered shall will be cancelled. Company Common Stock outstanding shall be exchanged for Parent Common Stock in accordance with Section 1.4(a) on delivery by Company Shareholder of Company Shareholder Common Stock Certificates (“Company Certificates”) to Parentcanceled.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Northern Oil & Gas, Inc.), Agreement and Plan of Merger (Kentex Petroleum Inc)
