Merger Sub I. Merger Sub I is a corporation, duly organized, validly existing and in good standing under the laws of the State of California. The authorized capital stock of Merger Sub I consists of one hundred (100) shares of Common Stock, no par value per share, all of which are validly issued and outstanding. All of the issued and outstanding capital stock of Merger Sub I is, and at the Effective Time of Merger I will be, owned by Parent, and there are (i) no other shares of capital stock or voting securities of Merger Sub I, (ii) no securities of Merger Sub I convertible into or exchangeable for shares of capital stock or voting securities of Merger Sub I and (iii) no options or other rights to acquire from Merger Sub I, and no obligations of Merger Sub I to issue, any capital stock, voting securities or securities convertible into or exchangeable for capital stock or voting securities of Merger Sub I. Merger Sub I has not conducted any business prior to the date hereof and has no, and prior to the Effective Time of Merger I will have no, assets, liabilities or obligations of any nature other than those incident to its formation and pursuant to this Agreement and Merger I and the other transactions contemplated by this Agreement.
Merger Sub I. At the Effective Time, by virtue of the Merger, each share of common stock, par value $0.01 per share, of Merger Sub I issued and outstanding immediately prior to the Effective Time shall be converted into one share of common stock, without par value, of the Initial Surviving Company.
Merger Sub I. (i) A true and complete copy of each of the articles of incorporation and by-laws of Merger Sub I, each as in effect as of the date of this Agreement, has previously been made available to Kraft.
Merger Sub I. SKILLSOFT NEWCO I, INC. By: /s/ Jxxxxxx X. Xxxx Name: Jxxxxxx X. Xxxx Title: President MERGER SUB II: SKILLSOFT NEWCO II, LLC By: /s/ Jxxxxxx X. Xxxx Name: Jxxxxxx X. Xxxx Title: President THE COMPANY: RYZAC, INC. By: /s/ Zxxxxxx Xxxx Name: Zxxxxxx Xxxx Title: Chief Executive Officer, President SECURITYHOLDER REPRESENTATIVE: FORTIS ADVISORS LLC, solely in its capacity as Securityholder Representative By: /s/ Rxxxxxx Xxxx Name: Rxxxxxx Xxxx Title: Managing Director
Merger Sub I. Each share of common stock of Merger Sub I issued and outstanding immediately prior to the Effective Time shall be converted into and exchanged for one validly issued, fully paid and non‑assessable share of common stock of the First Step Surviving Corporation. Each stock certificate of Merger Sub I evidencing ownership of any shares of common stock shall continue to evidence ownership of such share of common stock of the First Step Surviving Corporation.
Merger Sub I. Parent is the sole shareholder of Merger Sub I. Merger Sub I has been incorporated solely for the purpose of merging with and into the Company and taking action incident to the Initial Merger and this Agreement. Merger Sub I has not, since the date of its formation, carried on any business or conducted any operations other than the execution of this Agreement, the performance of its obligations hereunder and matters ancillary thereto.
