Shareholder Rights After Second Closing Clause Samples
Shareholder Rights After Second Closing. Provided that the Second Closing has occurred, if Acquirer common stock is not listed on a Trading Market on or before August 21, 2009, then Parent will issue to Shareholder the number of shares of its common stock equivalent to US$5,600,000.
Shareholder Rights After Second Closing. Provided that the Second Closing has occurred, if Acquirer common stock is not listed on a Trading Market within 240 days after the First Closing Date, then Parent will issue to Shareholder the number of shares of its common stock equivalent to US$5,600,000. The stock price will be calculated as the average closing price of Parent’s common stock during the 60 day period prior to and including the Second Closing Date. In exchange, Shareholder shall return all shares of Acquirer common stock it received pursuant to this Agreement to Parent
