Common use of Time and Place; Closing Clause in Contracts

Time and Place; Closing. The consummation of the Merger (the “Closing”) shall occur at 9:29 a.m. in the offices of Xxxxxxxx & Xxxxxxxx, LLP, 0000 Xxxxxxxxxxxx Xxxxxx, X.X., Xxxxxxxxxx, XX 00000, or such other location as otherwise may be mutually agreed by the Parties, on the second Business Day following the date that all of the conditions to closing set forth in Article 5 have been satisfied or waived (except for such conditions that only may be satisfied at Closing), provided that the Closing may take place electronically or on such other date as may be mutually agreed by the Parties (the “Closing Date”). It is acknowledged and agreed that the Closing shall become effective upon the filing of the Merger Filings.