Pre-Distribution Stock Dividends to ESI. On or prior to the Distribution Date, ADA-ES shall issue to ESI, as a stock dividend, the number of shares of ADA-ES Common Stock as is required to effect the Distribution, as certified by the Agent. In connection therewith, ESI shall deliver to ADA-ES for cancellation the share certificate (or certificates) currently held by it representing all ADA-ES Common Stock.
Appears in 4 contracts
Samples: Distribution Agreement (Earth Sciences Inc), Distribution Agreement (Earth Sciences Inc), Distribution Agreement (Ada-Es Ing)
