Common use of Distribution to Shareholders Clause in Contracts

Distribution to Shareholders. On the Effective Date, all of the shareholders of Acquiree not dissenting from the Plan shall exchange all of the outstanding stock of Acquiree for 30,000,000 shares of Acquiror and Acquiree shall become a wholly owned subsidiary of Acquiror.

Distribution to Shareholders. On the Effective Date, all of the shareholders of Acquiree not dissenting from the Plan shall exchange all each one (I) share of the outstanding stock of Acquiree Acquirer they hold for 30,000,000 shares one share of Acquiror and Acquiree shall become a wholly owned subsidiary of Acquiror.