Common use of Mechanics of Exchange Clause in Contracts

Mechanics of Exchange. (a) At the Closing (as defined below), each Shareholder shall be entitled to surrender the documents, certificate or certificates that immediately prior to the Closing represented the FDH Common Stock (the “Certificates”) to the exchange agent designated by SKYC in exchange for the Acquisition Shares. (b) Promptly after the Closing, SKYC or its designated exchange agent shall make available to each Shareholder a letter of transmittal and instructions for use in effecting the surrender of Certificates in exchange for the Acquisition Shares. Upon surrender of a Certificate to such exchange agent together with the letter of transmittal, duly executed, the Shareholder shall be entitled to receive in exchange therefore such number of Acquisition Shares as such Shareholder has the right to receive in respect of the Certificate so surrendered pursuant to the provisions of this Article I.

Appears in 6 contracts

Samples: Share Exchange Agreement (Sky Digital Stores Corp.), Share Exchange Agreement (Sky Digital Stores Corp.), Share Exchange Agreement (Sky Digital Stores Corp.)

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Mechanics of Exchange. (a) At the Closing (as defined below)Closing, each Shareholder shall be entitled to surrender the documents, certificate or certificates that immediately prior to the Closing represented the FDH Holy (H.K) Limited Common Stock (the “Certificates”"CERTIFICATES") to the exchange agent designated by SKYC HOME SYSTEM GROUP in exchange for the Acquisition Shares. (b) Promptly after the Closing, SKYC HOME SYSTEM GROUP or its designated exchange agent shall make available to each Shareholder a letter of transmittal and instructions for use in effecting the surrender of Certificates in exchange for the Acquisition Shares. Upon surrender of a Certificate to such exchange agent together with the letter of transmittal, duly executed, the Shareholder shall be entitled to receive in exchange therefore such number of Acquisition Shares as such Shareholder has the right to receive in respect of the Certificate so surrendered pursuant to the provisions of this Article I.

Appears in 1 contract

Samples: Share Exchange Agreement (Supreme Realty Investments, Inc.)

Mechanics of Exchange. (a) At the Closing (as defined below)Closing, each Shareholder shall be entitled to surrender the documents, certificate or certificates that immediately prior to the Closing represented the FDH SYCI Common Stock (the "Certificates") to the exchange agent designated by SKYC SCHC in exchange for the Acquisition SharesShares and the Cash Component. (b) Promptly after the Closing, SKYC DSFX or its designated exchange agent shall make available to each Shareholder a letter of transmittal and instructions for use in effecting the surrender of Certificates in exchange for the Acquisition Shares. Upon surrender of a Certificate to such exchange agent together with the letter of transmittal, duly executed, the Shareholder shall be entitled to receive in exchange therefore such number of Acquisition Shares as such Shareholder has the right to receive in respect of the Certificate so surrendered pursuant to the provisions of this Article I.

Appears in 1 contract

Samples: Share Exchange Agreement (Diversifax Inc)

Mechanics of Exchange. (a) At the Closing (as defined below), each Shareholder shall be entitled to surrender the documents, certificate or certificates that immediately prior to the Closing represented the FDH AIVtech Common Stock (the “Certificates”) to the exchange agent designated by SKYC ECOH in exchange for the Acquisition SharesShares and the Cash Component. (b) Promptly after the Closing, SKYC ECOH or its designated exchange agent shall make available to each Shareholder a letter of transmittal and instructions for use in effecting the surrender of Certificates in exchange for the Acquisition Shares. Upon surrender of a Certificate to such exchange agent together with the letter of transmittal, duly executed, the Shareholder shall be entitled to receive in exchange therefore such number of Acquisition Shares as such Shareholder has the right to receive in respect of the Certificate so surrendered pursuant to the provisions of this Article I.

Appears in 1 contract

Samples: Share Exchange Agreement (Ecochild Inc.)

Mechanics of Exchange. (a) At the Closing (as defined below)Closing, each Shareholder shall be entitled to surrender the documents, certificate or certificates that immediately prior to the Closing represented the FDH Anytone International Common Stock (the “Certificates”) to the exchange agent designated by SKYC NEWN in exchange for the Acquisition Shares. (b) Promptly after the Closing, SKYC NEWN or its designated exchange agent shall make available to each Shareholder a letter of transmittal and instructions for use in effecting the surrender of Certificates in exchange for the Acquisition Shares. Upon surrender of a Certificate to such exchange agent together with the letter of transmittal, duly executed, the Shareholder shall be entitled to receive in exchange therefore therefor such number of Acquisition Shares and cash as such Shareholder has the right to receive in respect of the Certificate so surrendered pursuant to the provisions of this Article I.

Appears in 1 contract

Samples: Share Exchange Agreement (New Energy Systems Group)

Mechanics of Exchange. (a) At the Closing (as defined below)Closing, each Shareholder shall be entitled to surrender the documents, certificate or certificates that immediately prior to the Closing represented the FDH Common Stock AZATEL COMMON SHARES (the “Certificates”"CERTIFICATES") to the exchange agent designated by SKYC VOCALSCAPE in exchange for the Acquisition Shares. (b) Promptly after the Closing, SKYC VOCALSCAPE or its designated exchange agent shall make available to each Shareholder a letter of transmittal and instructions for use in effecting the surrender of Certificates in exchange for the Acquisition Shares. Upon surrender of a Certificate to such exchange agent together with the letter of transmittal, duly executed, the Shareholder shall be entitled to receive in exchange therefore such number of Acquisition Shares as such Shareholder has the right to receive in respect of the Certificate so surrendered pursuant to the provisions of this Article I.

Appears in 1 contract

Samples: Share Exchange Agreement (Vocalscape Networks, Inc.)

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Mechanics of Exchange. (a) At the Closing (as defined below)Closing, each Shareholder shall be entitled to surrender the documents, certificate or certificates that immediately prior to the Closing represented the FDH HSET Common Stock (the “Certificates”) to the exchange agent designated by SKYC CFDL in exchange for the Acquisition SharesShares and the Cash Component. (b) Promptly after the Closing, SKYC CHCG or its designated exchange agent shall make available to each Shareholder a letter of transmittal and instructions for use in effecting the surrender of Certificates in exchange for the Acquisition Shares. Upon surrender of a Certificate to such exchange agent together with the letter of transmittal, duly executed, the Shareholder shall be entitled to receive in exchange therefore such number of Acquisition Shares as such Shareholder has the right to receive in respect of the Certificate so surrendered pursuant to the provisions of this Article I.

Appears in 1 contract

Samples: Share Exchange Agreement (China 3C Group)

Mechanics of Exchange. (a) At the Closing (as defined below)Closing, each Shareholder shall be entitled to surrender the documents, certificate or certificates that immediately prior to the Closing represented the FDH GALAXY VIEW INTERNATIONAL LTD Common Stock (the “Certificates”"CERTIFICATES") to the exchange agent designated by SKYC CHID in exchange for the Acquisition Shares. (b) Promptly after the Closing, SKYC CHID or its designated exchange agent shall make available to each Shareholder a letter of transmittal and instructions for use in effecting the surrender of Certificates in exchange for the Acquisition Shares. Upon surrender of a Certificate to such exchange agent together with the letter of transmittal, duly executed, the Shareholder shall be entitled to receive in exchange therefore such number of Acquisition Shares as such Shareholder has the right to receive in respect of the Certificate so surrendered pursuant to the provisions of this Article I.

Appears in 1 contract

Samples: Share Exchange Agreement (China Digital Communication Group)

Mechanics of Exchange. (a) At the Closing (as defined below)Closing, each Shareholder shall be entitled to surrender the documents, certificate or certificates that immediately prior to the Closing represented the FDH Billion Common Stock (the “Certificates”"CERTIFICATES") to the exchange agent designated by SKYC CDCG in exchange for the Acquisition Shares. (b) Promptly after the Closing, SKYC CDCG or its designated exchange agent shall make available to each Shareholder a letter of transmittal and instructions for use in effecting the surrender of Certificates in exchange for the Acquisition Shares. Upon surrender of a Certificate to such exchange agent together with the letter of transmittal, duly executed, the Shareholder shall be entitled to receive in exchange therefore therefor such number of Acquisition Shares as such Shareholder has the right to receive in respect of the Certificate so surrendered pursuant to the provisions of this Article I.

Appears in 1 contract

Samples: Share Exchange Agreement (Jasmines Garden)

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