Common use of Consideration Election and Exchange Procedures Clause in Contracts

Consideration Election and Exchange Procedures. Section 2.1 Aggregate Consideration Aggregate Consideration. As described herein, the Merger Consideration payable with respect to each share of Holdings Common Stock shall be either: (i) cash (“Per Share Cash Consideration”) or (ii) the number of shares of OLB Common Stock equal to the Exchange Ratio (“Per Share Common Stock Consideration”). The Per Share Cash Consideration together with the Per Share Common Stock Consideration shall comprise the total consideration to be paid in the Merger (the “Aggregate Consideration”). Section 2.2 Aggregate Cash Consideration and Per Share Cash Consideration.