Treatment of Issued Shares. The following will occur and will be deemed to occur in the order set out below at the Effective Time without any further authorization, act or formality: 4.1.1 Each issued and outstanding NewCo Share shall be exchanged by the holder thereof for one fully paid and non-assessable RWB Share, entries will be made in the central securities register of NewCo to reflect the transfer of such NewCo Share to RWB, and entries will be made in the central securities register of RWB to reflect the issuance of each such RWB Share; 4.1.2 Each issued and outstanding NewCo Share held by RWB as a result of the exchange of NewCo Shares for RWB Shares pursuant to Section 4.1.2 of this Agreement will be immediately exchanged for one (1) fully paid and non-assessable Amalco Common Share; and 4.1.3 Each issued and outstanding SubCo Share held by RWB will be exchanged for one (1) fully paid Amalco Common Share.
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Samples: Acquisition Agreement, Acquisition Agreement
Treatment of Issued Shares. The following will occur and will be deemed to occur in the order set out below at the Effective Time without any further authorization, act or formality:
4.1.1 Each 4.1. 1Each issued and outstanding NewCo Share shall be exchanged by the holder thereof for one fully paid and non-assessable RWB Share, entries will be made in the central securities register of NewCo to reflect the transfer of such NewCo Share to RWB, and entries will be made in the central securities register of RWB to reflect the issuance of each such RWB Share;
4.1.2 Each 4.1. 2Each issued and outstanding NewCo Share held by RWB as a result of the exchange of NewCo Shares for RWB Shares pursuant to Section 4.1.2 of this Agreement will be immediately exchanged for one (1) fully paid and non-assessable Amalco Common Share; and
4.1.3 Each issued and outstanding SubCo Share held by RWB will be exchanged for one
(1) fully paid Amalco Common Share.
Appears in 1 contract
Samples: Acquisition Agreement (Red White & Bloom Brands Inc.)
Treatment of Issued Shares. The following will occur and will be deemed to occur in the order set out below at the Effective Time without any further authorization, act or formality:
4.1.1 Each issued and outstanding NewCo Share shall be exchanged by the holder thereof for one fully paid and non-assessable RWB Share, entries will be made in the central securities register of NewCo to reflect the transfer of such NewCo Share to RWB, and entries will be made in the central securities register of RWB to reflect the issuance of each such RWB Share;
4.1.2 Each issued and outstanding NewCo Share held by RWB as a result of the exchange of NewCo Shares for RWB Shares pursuant to Section 4.1.2 of this Agreement will be immediately exchanged for one (1) fully paid and non-assessable Amalco Common Share; and
4.1.3 Each issued and outstanding SubCo Share held by RWB will be exchanged for one
one (1) fully paid Amalco Common Share.
Appears in 1 contract
