Common use of Effects of the Share Exchange Clause in Contracts

Effects of the Share Exchange. At and after the Exchange Effective Time, the Share Exchange shall have the effects set forth in the VSCA. The Share Exchange shall be effected in accordance with Articles 153(a) and 155 of the SCL by the Terra Board's execution of the approval of the shareholders of Terra to increase the share capital of Terra against a contribution in kind (Aumento con aportaciones no dinerarias) and shall be registered pursuant to the Deed of Capital Increase with the Commercial Registry (Registro Mercantil) for the Province of Madrid (the "Commercial Registry"). The Deed of Capital Increase shall be delivered to the Settlement and Clearing System, for the new shares to be registered in the name of the Depositary (as defined below), and to the Spanish Stock Exchange, for the admission authorization of the Terra Shares to be listed.

Effects of the Share Exchange. At and after the Exchange Effective Time, the Share Exchange shall have the effects set forth in the VSCA. The Share Exchange shall be effected in accordance with Articles 153(a) and 155 of the SCL by the Terra Board's execution of the approval of the shareholders of Terra to increase the share capital of Terra against a contribution in kind (Aumento con aportaciones no dinerarias) and shall be registered pursuant to the Deed of Capital Increase with the Commercial Registry (Registro Mercantil) for the Province of Madrid (the "Commercial RegistryCOMMERCIAL REGISTRY"). The Deed of Capital Increase shall be delivered to the Settlement and Clearing System, for the new shares to be registered in the name of the Depositary (as defined below), and to the Spanish Stock Exchange, for the admission authorization of the Terra Shares to be listed.