Annulment of Closing Sample Clauses

Annulment of Closing. Effective as of the date of this Amending Agreement, the August Closing is hereby annulled and, in accordance therewith, (a) Sellers hereby tender to Paramco certificates representing 100,000 shares of Paramco's Common Stock, bearing the restrictive legend 144 in a form enabling Paramco, then and there, to cancel said shares, and (b) Paramco hereby tenders to Sellers Royal Federal certificate, representing all of the issued and outstanding capital stock (100,000 shares of common stock) of Royal, in a form enabling Sellers, then and there, to become the record and beneficial owners of said common stock.