Surrender of Shares of Pubco. The sole holder of shares in the capital of Pubco issued and outstanding at the Effective Time shall surrender all such shares to Pubco, which shares shall thereupon be canceled.
Appears in 2 contracts
Samples: Merger and Share Exchange Agreement (Kaival Brands Innovations Group, Inc.), Merger Agreement (Coffee Holding Co Inc)
Surrender of Shares of Pubco. The sole holder of shares in the capital of Pubco issued and outstanding at immediately prior to the Effective Time shall surrender all such shares to Pubco, which shares shall thereupon be canceled.
Appears in 1 contract
Samples: Business Combination Agreement (Hainan Manaslu Acquisition Corp.)
Surrender of Shares of Pubco. The sole holder of shares in the capital of Pubco issued and outstanding at immediately prior to the Effective Time shall surrender all such shares to Pubco, which shares shall thereupon be canceledrepurchased by Pubco for cancellation (for de minimis consideration).
Appears in 1 contract
Samples: Business Combination Agreement (Tiberius Acquisition Corp)
