Reorganization Event. In the event of (1) any merger or consolidation of the Company with or into another entity as a result of which all of the Common Stock of the Company is converted into or exchanged for the right to receive cash, securities or other property or is cancelled; or (2) any transfer or disposition of all of the Common Stock of the Company for cash, securities or other property pursuant to a share exchange or other transaction; or (3) any liquidation or dissolution of the Company, or (4) any Change in Control as defined in Appendix A; then the Option shall become immediately vested and exercisable.
Appears in 4 contracts
Sources: Independent Director Agreement (China HGS Real Estate Inc.), Independent Director Agreement (China HGS Real Estate Inc.), Independent Director Agreement (China HGS Real Estate Inc.)