Common use of Share Conversions Clause in Contracts

Share Conversions. At the Effective Time, by virtue of the Merger and without any action on the part of the holder of any of the Shares of DigiCourse: (a) COMMON STOCK OF I/O MARINE. The Merger will automatically convert each share of common stock of I/O Marine into one share of common stock of DigiCourse.

Appears in 2 contracts

Sources: Merger Agreement (Input Output Inc), Merger Agreement (Input Output Inc)