Common use of Exercise of Appraisal Rights Clause in Contracts

Exercise of Appraisal Rights. The holders of no more than two (2%) percent of the issued and outstanding shares of Sporg Common Stock will have exercised appraisal rights under Nevada Law as Dissenting Shareholders. Sporg and Terrace will have resolved all matters of appraisal and payment under Nevada Law for each Dissenting Shareholder to Sporg's satisfaction.

Appears in 1 contract

Sources: Merger Agreement (Terrace Ventures Inc)

Exercise of Appraisal Rights. The holders of no more than two (2%) percent of the issued and outstanding shares of Sporg Common Stock will have exercised appraisal rights under Nevada Law as Dissenting Shareholders. Sporg and Terrace will have resolved all matters of appraisal and payment under Nevada Law for each Dissenting Shareholder to SporgTerrace Sub's satisfaction.

Appears in 1 contract

Sources: Merger Agreement (Terrace Ventures Inc)