Common use of Stock Exchanges Clause in Contracts

Stock Exchanges. RWEI hereby agrees to sell, convey, assign and transfer the Acquisition Stock to the Acquired Company's Shareholders in exchange for their sale, conveyance, assignment and transfer to RWEI of the Acquired Company's Stock. The Acquired Company's Shareholders and the Acquired Company hereby agree to sell, convey, assign and transfer the Acquired Company's Stock to RWEI in exchange for sale, conveyance, assignment and transfer to the Acquired Company's Shareholders of the Acquisition Stock. Unless the Acquired Company's Shareholders otherwise direct, the Acquisition Stock shall be transferred to them in the same proportions as the Acquired Company's Shareholders currently own the Acquired Company's Stock, as shown in Exhibit A.

Appears in 3 contracts

Sources: Stock Exchange Agreement (Remedent Usa Inc/Az), Stock Exchange Agreement (Remedent Usa Inc/Az), Stock Exchange Agreement (Remedent Usa Inc/Az)