Common Contracts
1 similar To Merger Agreement contracts
COREWAFER INDUSTRIES INC.To Merger Agreement • November 20th, 2012
On April 10, 2012 COREwafer Industries, Inc. (“WAFR”) entered into a merger agreement (the “Agreement” with its wholly-owned subsidiary (“Merger Sub”) and Core Wafer Systems, Inc. (the “Company”) the Agreement was subsequently amended on October 20, 2012 whereby (i) Merger Sub shall be merged with and into the Company, (ii) the separate legal existence of Merger Sub shall cease and (iii) the Company shall be the surviving corporation and be a wholly- owned subsidiary of WAFR. Under the terms of the Agreement, the current shareholders of the Company (the “Shareholders”) will acquire 55% of the outstanding equity of WAFR upon the effectiveness of the merger (the “Merger”). The Shareholders shall receive 38,948,345 shares of WAFR’s common stock. The Shareholders shall also receive 10,486,093 shares of convertible preferred stock of WAFR which are convertible after a time into 20,972,186 shares of common stock of WAFR. WAFR filed the certificates of merger with the State of Nevada and the
