Proportionate Liability. The liability of each Shareholder under this Section shall be in the proportion that the total number of Acquisition shares to be received by him bears to the total number of Acquisition shares to be received by all the Shareholders and shall in no event exceed 25 percent of the value of the Acquisition shares received by such Shareholder. With respect to Shareholders that are estates, trusts, or custodianships, the executor, trustee, or custodian is a party to this Agreement only in its fiduciary capacity and liability hereunder shall be limited to the fiduciary assets and shall not extend to the assets of the executor, trustee, or custodian.
Appears in 3 contracts
Samples: Agreement and Plan of Reorganization (IIM Global Corp), Agreement and Plan of Reorganization (XTREME HEALTHCARE Corp), Merger Agreement (American Inflatables Inc)
Proportionate Liability. The liability of each Shareholder under this Section shall be in the proportion that the total number of Acquisition Acquirer shares to be received by him bears to the total number of Acquisition Acquirer shares to be received by all the Shareholders and shall in no event exceed 25 percent of the value of the Acquisition Acquirer shares received by such Shareholder. With respect to Shareholders that are estates, trusts, or custodianships, the executor, trustee, or custodian is a party to this Agreement only in its fiduciary capacity and liability hereunder shall be limited to the fiduciary assets and shall not extend to the assets of the executor, trustee, or custodian.
Appears in 2 contracts
Samples: Agreement and Plan of Reorganization (Fuda Group (USA) Corp), Agreement and Plan of Reorganization (Fuda Group (USA) Corp)
Proportionate Liability. The liability of each Shareholder under this Section shall be in the proportion that the total number of Acquisition shares to be received by him bears to the total number of Acquisition shares to be received by all the Shareholders Shareholder and shall in no event exceed 25 percent of the value of the Acquisition shares received by such Shareholder. With respect to Shareholders that are estates, trusts, or custodianships, the executor, trustee, or custodian is a party to this Agreement only in its fiduciary capacity and liability hereunder shall be limited to the fiduciary assets and shall not extend to the assets of the executor, trustee, or custodian.
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (Heyu Leisure Holidays Corp)
Proportionate Liability. The liability of each Shareholder under this Section shall be in the proportion that the total number of Acquisition AFC shares to be received by him bears to the total number of Acquisition AFC shares to be received by all the Shareholders and shall in no event exceed 25 percent of the value of the Acquisition AFC shares received by such Shareholder. With respect to Shareholders that are estates, trusts, or custodianships, the executor, trustee, or custodian is a party to this Agreement only in its fiduciary capacity and liability hereunder shall be limited to the fiduciary assets and shall not extend to the assets of the executor, trustee, or custodian.
Appears in 1 contract
Proportionate Liability. The liability of each Shareholder under this Section section shall be in the proportion that the total number of Acquisition shares to be received by him bears to the total number of Acquisition shares to be received by all the Shareholders and shall in no event exceed 25 percent 25% of the value of the Acquisition shares received by such Shareholdershareholder. With respect to Shareholders that are estates, trusts, or custodianships, the executor, trustee, or custodian is a party to this Agreement only in its fiduciary capacity and liability hereunder shall be limited to the fiduciary assets and shall not extend to the assets of the executor, trustee, or custodian.
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (Interlock Services Inc)
Proportionate Liability. The liability of each Shareholder Member under this Section shall be in the proportion that the total number of Acquisition CANNASSIST shares to be received by him bears to the total number of Acquisition CANNASSIST shares to be received by all the Shareholders Members and shall in no event exceed 25 percent of the value of the Acquisition CANNASSIST shares received by such ShareholderMember. With respect to Shareholders Members that are estates, trusts, or custodianships, the executor, trustee, or custodian is a party to this Agreement only in its fiduciary capacity and liability hereunder shall be limited to the fiduciary assets and shall not extend to the assets of the executor, trustee, or custodian.
Appears in 1 contract
Samples: Acquisition Agreement (CannAssist International Corp)
