Common use of Termination of Exchange Clause in Contracts

Termination of Exchange. Any portion of the shares of Buyer Common Stock that remains undistributed to the Stockholders of Seller two (2) years after the Effective Time will be delivered to Buyer, upon demand, and all Stockholders of Seller who have not complied previously with this Section 1.3 thereafter will look only to Buyer for payment of their claim for shares of Buyer Common Stock and any dividend or distribution with respect to such shares of Buyer Common Stock.

Appears in 4 contracts

Samples: Merger Agreement (Focus Universal Inc.), Merger Agreement (Focus Universal Inc.), Merger Agreement (Indigo-Energy, Inc.)

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Termination of Exchange. Any portion of the shares of Buyer Common Stock that remains undistributed to the Stockholders of Seller two one (21) years year after the Effective Time will be delivered to Buyer, upon demand, and all Stockholders of Seller who have not complied previously with this Section 1.3 thereafter will look only to Buyer for payment of their claim for shares of Buyer Common Stock and any dividend or distribution with respect to such shares of Buyer Common Stock.

Appears in 1 contract

Samples: Merger Agreement (Ethos Environmental, Inc.)

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