Common use of The Closing; Closing Date; Effect Clause in Contracts

The Closing; Closing Date; Effect. Unless this Agreement shall have been terminated in accordance with Section 8.1, and subject to the satisfaction or waiver of the conditions set forth in Article VII, the closing of the Exchange (the “Closing”) shall take place at the offices of McMurdo Law Group, LLC, 0000 Xxxxxx xx xxx Xxxxxxxx, 0xx Xxxxx, Xxx Xxxx, XX 00000, at 10:00 a.m. (EST) on the date first written above, subject to the satisfaction or waiver of the closing conditions set forth in Article VII, or at such other time, date or place as is agreed upon in writing by the Parties hereto. By agreement of the Parties, the Closing may take place by delivery of documents required to be delivered hereby by facsimile or other electronic transmission. The date on which the Closing occurs is herein referred to as the “Closing Date.” The effect of the consummation of the Exchange at the Closing shall be that: (i) the Company shall become a direct, wholly-owned subsidiary of PMIN, and (ii) ESG Group shall become indirectly owned subsidiaries of PMIN.

The Closing; Closing Date; Effect. Unless this Agreement shall have been terminated in accordance with Section 8.1, and subject to the satisfaction or waiver of the conditions set forth in Article VII, the closing of the Exchange (the “Closing”) shall take place at the offices of McMurdo Law Group, LLCEllenoff Xxxxxxxx & Schole LLP, 0000 Xxxxxx xx xxx Xxxxxxxx, 0xx Xxxxx, Xxx Xxxx, XX 00000, at 10:00 a.m. (EST) on the date first written above, subject to the satisfaction or waiver of the closing conditions set forth in Article VII, or at such other time, date or place as is agreed upon in writing by the Parties hereto. By agreement of the Parties, the Closing may take place by delivery of documents required to be delivered hereby by facsimile or other electronic transmission. The date on which the Closing occurs is herein referred to as the “Closing Date.” The effect of the consummation of the Exchange at the Closing shall be that: (i) the Company shall become a direct, wholly-owned subsidiary of PMINDatasea, (ii) WFOE shall become an indirect, wholly-owned subsidiary of Datasea, and (iiiii) ESG Group Shuhai shall become indirectly owned subsidiaries an indirect, consolidated, variable interest entity of PMINDatasea.

The Closing; Closing Date; Effect. Unless this Agreement shall have been terminated in accordance with Section 8.1, and subject to the satisfaction or waiver of the conditions set forth in Article VII, the closing of the Exchange Contribution (the “Closing”) shall take place at the offices of McMurdo Law GroupXxxxxxxxx & Xxxxxxxx LLP, LLC000 Xxxxx Xxxxxx, 0000 Xxxxxx xx xxx Xxxxxxxx, 0xx 00xx Xxxxx, Xxx Xxxx, XX 00000, at 10:00 a.m. (EST) on the date first written above, subject to the satisfaction or waiver of the closing conditions set forth in Article VII, or at such other time, date or place as is agreed upon in writing by the Parties hereto. By agreement of the Parties, the Closing may take place by delivery of documents required to be delivered hereby by facsimile or other electronic transmission. The date on which the Closing occurs is herein referred to as the “Closing Date.;” provided, that, unless otherwise agreed in writing by the Stockholder and Deseo, in no event shall the Closing occur later than November 30, 2022 (the “Outside Closing Date”). The effect of the consummation of the Exchange at the Closing shall be that: (i) the Company that Cody shall become a direct, wholly-owned subsidiary of PMIN, and (ii) ESG Group shall become indirectly owned subsidiaries of PMINDeseo.