Exchange of Company Common Stock. Each share of Company Common Stock (each a “Share” and collectively, the “Shares”) issued and outstanding immediately prior to the Effective Time shall be exchanged for that number of shares of Parent’s common stock, par value $0.001 per share (“Parent Common Stock”), equal to the Exchange Ratio (the “Merger Share Consideration”). Within five (5) Business Days of the Effective Time, the Parent shall cause certificates representing the Merger Share Consideration to be issued to the Stockholders.
Appears in 1 contract
Samples: Merger Agreement (MassRoots, Inc.)
Exchange of Company Common Stock. Each share of the Company Common Stock (each a “Share” and collectively, the “Shares”) issued and outstanding immediately prior to the Effective Time shall be exchanged for that number of shares of the Parent’s common stock, par value $0.001 per share (“Parent Common Stock”), equal to the Exchange Ratio (the “Merger Share Consideration”). Within five (5) Business Days of the Effective Time, the Parent shall cause certificates representing the Merger Share Consideration to Considerationto be issued to the StockholdersStockholders (less, the Escrow Shares as provided in Section 2.11).
Appears in 1 contract
Samples: Merger Agreement (MassRoots, Inc.)
Exchange of Company Common Stock. Each share of common stock of the Company Common Stock (each a “Share” and collectively, the “Shares”) issued and outstanding immediately prior to the Effective Time shall be exchanged for that number of shares of Parent’s common stock, par value $0.001 per share (“Parent Common Stock”), equal to the Exchange Ratio (the “Merger Share Consideration”). Within five (5) Business Days of the Effective Time, the Parent shall cause certificates representing the Merger Share Consideration to be issued to the Stockholders.
Appears in 1 contract
Samples: Merger Agreement (MassRoots, Inc.)
Exchange of Company Common Stock. Each share of common stock of the Company Common Stock (each a “Share” and collectively, the “Shares”) issued and outstanding immediately prior to the Effective Time shall be exchanged for that number of shares of Parent’s common stock, par value $0.001 per share (“Parent Common Stock”), equal to the Exchange Ratio (the “Merger Share Consideration”). Within five (5) Business Days of the Effective Time, the Parent shall cause certificates representing the Merger Share Consideration to be issued to the Stockholders.
Appears in 1 contract
Samples: Merger Agreement (MassRoots, Inc.)