Common use of Status and Conversion of Shares Clause in Contracts

Status and Conversion of Shares. Upon the Effective Date of the Merger: (a) Each share certificate representing each outstanding share of Acquisition Corp shall continue to be a share of issued and outstanding Common Stock of the Surviving Corporation and shall be retained by MIOA (the "ACQUISITION CORP STOCK"). (b) The share certificates representing all the outstanding shares of capital stock of the Company (i.e., the KLEIN SHARES) issued and outstanding immediately prior to the effectiven▇▇▇ ▇f the Merger shall, by virtue of the Merger and without any action on the part of the holder thereof, be deemed canceled and extinguished. In exchange for the merger of the Company into the Acquisition CORP, the Shareholder shall receive the Merger Consideration set forth and defined in Section 2.1 below (the "MERGER CONSIDERATION").

Status and Conversion of Shares. Upon the Effective Date of the Merger: (a a) Each share certificate representing each outstanding share of capital stock of Acquisition Corp shall continue to be a share of issued and outstanding Common Stock capital stock of the Surviving Corporation and shall be retained by MIOA the Holding Corp (the "ACQUISITION CORP STOCK"). (b b) The share certificates representing all the outstanding shares of capital stock of the Company (i.e., the KLEIN COMPANY SHARES) issued and outstanding immediately prior to the effectiven▇▇▇ ▇f effectiveness of the Merger shall, by virtue of the Merger and without any action on the part of the holder thereof, be deemed canceled and extinguished. In exchange for the merger of the Company into the Acquisition CORPCorp, the Shareholder Shareholders shall receive the Merger Consideration set forth and defined in Section 2.1 below (the "MERGER CONSIDERATION").