No Further Ownership Rights in Seller Common Stock. All shares of Buyer Common Stock issued upon the surrender for exchange of shares of Seller Common Stock in accordance with the terms of this Agreement will be deemed to have been issued in full satisfaction of all rights pertaining to such shares of Seller Common Stock, and there will be no further registration of transfers on the records of the Surviving Corporation of shares of Seller Common Stock that were outstanding immediately before the Effective Time. If, after the Effective Time, Certificates are presented to the Surviving Corporation for any reason, they will be canceled and exchanged as provided in this ARTICLE I.
Appears in 5 contracts
Samples: Agreement and Plan of Merger (Focus Universal Inc.), Agreement and Plan of Merger (Focus Universal Inc.), Agreement and Plan of Merger (Indigo-Energy, Inc.)
No Further Ownership Rights in Seller Common Stock. All shares of Buyer Common Stock issued upon the surrender for exchange of shares of Seller Common Stock in accordance with the terms of this Agreement will be deemed to have been issued in full satisfaction of all rights pertaining to such shares of Seller Common Stock, and there will be no further registration of transfers on the records of the Surviving Corporation Buyer of shares of Seller Common Stock that were outstanding immediately before the Effective Time. If, after the Effective Time, Certificates are presented to the Surviving Corporation Buyer for any reason, they will be canceled and exchanged as provided in this ARTICLE I.
Appears in 1 contract
Samples: Agreement and Stock Purchase Agreement (Wrapmail, Inc.)
