Terms and Conditions of Merger. BSD shall, pursuant to the provisions of the Florida Business Corporation Act and the Nevada Corporate Statutes, be merged with and into NeoMedia, which shall continue to exist pursuant to the laws of the State of Nevada. Upon the effective date of the merger (as set forth in paragraph 9) (the "Effective Date"), the existence of BSD shall cease. On the Effective Date, NeoMedia shall assume the obligations of BSD.
Appears in 3 contracts
Sources: Merger Agreement (BSD Software Inc), Merger Agreement (BSD Software Inc), Merger Agreement (Neomedia Technologies Inc)