REPORTING OF SHARE EXCHANGE. For federal, state, and local income tax return reporting purposes, all parties agree to treat the Share Exchange as a nontaxable exchange under Section 368 of the Internal Revenue Code.
REPORTING OF SHARE EXCHANGE. For federal, state, and local income tax return reporting purposes, all parties agree to treat this Agreement and each action contemplated by this Agreement as a nontaxable exchange under Section 368 of the Internal Revenue Code. For federal, state, and local income tax return reporting purposes, all parties agree to treat this Agreement and each action contemplated by this Agreement as a nontaxable exchange under Section 368 of the Internal Revenue Code.
REPORTING OF SHARE EXCHANGE. For United States federal, state, and local income tax return reporting purposes, all Parties agree to treat the Share Exchange as a non-taxable exchange under Section 368 of the Internal Revenue Code. Each of the UMS Shareholders resident in the United States and Xxxxxxx agree to enter into a gain recognition agreement for filing with the United States Internal Revenue Service, as may be advised by tax counsel to UMS.
REPORTING OF SHARE EXCHANGE. For federal, state, and local income tax return reporting purposes, all parties agree to treat the Share Exchange as a reorganization under Section 368 of the Code.
REPORTING OF SHARE EXCHANGE. 2 1.6 Board of Directors of Rimpac.....................................2
REPORTING OF SHARE EXCHANGE. 2 1.6 Board of Directors of BCS.......................................................................2
REPORTING OF SHARE EXCHANGE. 8 1.13 Board of Directors and Officers of LEXON........................................................8 1.14 Taking of Necessary Action; Further Action......................................................9
REPORTING OF SHARE EXCHANGE. For federal, state, and local income tax return reporting purposes, all parties agree to treat the Share Exchange as a nontaxable exchange under Section 368 of the Internal Revenue Code (the "Code"). PROVISION and LEXON shall (and, following the Effective Time, LEXON shall cause PROVISION to) take no action with respect to the capital stock, assets or liabilities of PROVISION that could reasonably be expected to cause the exchange to fail to qualify as a nontaxable exchange within the meaning of Section 368 of the Code; provided, however, that the parties' obligations pursuant to this Section are subject to their right to terminate this Agreement pursuant to the termination provisions hereof. Neither LEXON nor PROVISION has taken any action which could reasonably be expected to preclude the exchange from qualifying as a nontaxable exchange under Section 368 of the Code.
REPORTING OF SHARE EXCHANGE. 6 1.14 BOARD OF DIRECTORS AND OFFICERS OF CCI.......................6 1.15 TAKING OF NECESSARY ACTION; FURTHER ACTION...................6
REPORTING OF SHARE EXCHANGE. 2 1.6 Board of Directors of Tiberon Resources Ltd.....................................................2
