Tax-Free Exchange Status. The parties hereto shall take (or refrain from taking) any and all actions necessary to ensure that, for United States federal income tax purposes: (i) the Exchange shall qualify as a reorganization within the meaning of Sections 368(a)(1)(B) of the Code, and (ii) that the tax consequences to the stockholders of both companies are minimized.
Appears in 11 contracts
Samples: Exchange Agreement, Exchange Agreement (Datasight Corp), Exchange Agreement (LED Lighting Co)
Tax-Free Exchange Status. The parties hereto shall take (or refrain from taking) any and all actions necessary to ensure that, for United States federal income tax purposes: (i) the Exchange shall qualify as a reorganization within the meaning of Sections 368(a)(1)(B) of the Code, and (ii) that the tax consequences to the stockholders shareholders of both companies are minimized.
Appears in 9 contracts
Samples: Exchange Agreement (Sleepaid Holding Co.), Exchange Agreement (Nascent Biotech Inc.), Exchange Agreement (Cleantech Transit, Inc.)
Tax-Free Exchange Status. The parties hereto shall take (or refrain from taking) any and all actions necessary to ensure that, for United States federal income tax purposes: (i) the Exchange shall qualify as a reorganization within the meaning of Sections 368(a)(1)(B) of the Code, and (ii) that the tax consequences to the stockholders of both companies FRAC Shareholders are minimized.
Appears in 1 contract
Samples: Reorganization and Share Exchange Agreement (Piedmont Mining Company, Inc.)
Tax-Free Exchange Status. The parties hereto shall take (or refrain from taking) any and all actions necessary to ensure that, for United States federal income tax purposes: (i) the Exchange shall qualify as a reorganization within the meaning of Sections 368(a)(1)(B) of the Code, and (ii) that the tax consequences to the Sellers are minimized, and (iii) the tax consequences to the stockholders of both companies PMW are minimized.
Appears in 1 contract
Tax-Free Exchange Status. The parties hereto shall take (or refrain from taking) any and all actions necessary to ensure that, for United States federal income tax purposes: (i) the Exchange shall qualify as a reorganization within the meaning of Sections 368(a)(1)(B) of the Code, and (ii) that the tax consequences to the stockholders shareholders of both companies are minimized.
Appears in 1 contract
Samples: Share Exchange and Acquisition Agreement (Purchase Point Media Corp)
