Share Swap of Minority Shareholders Securities Sample Clauses

Share Swap of Minority Shareholders Securities. (a) If the RBI Approval is received by the Minority Shareholders on or before the 1st anniversary of the Effective Date (or such extended date as mutually agreed in writing by the Minority Shareholders, Mold-Tech, and SIC), then, within 30 (thirty) days from the date of receipt the RBI Approval or such extended period as mutually agreed by the Minority Shareholders, Mold-Tech, and SIC in writing, the Minority Shareholders and their Permitted Affiliates which hold Securities shall Transfer to Mold-Tech and/or its Affiliate(s) all (but not less than all) of Securities held by them (“Minority Equity Interests”) in lieu of an aggregate consideration equal to such number of shares in the common stock of SIC as calculated in accordance with Clause 7.2.2(b) (“Share Swap”). (b) The total number of shares in the common stock of SIC that will be issued and allotted as part of the Share Swap and in consideration of the Minority Equity Interests (being the “Stock Consideration”) will be calculated in the following manner: Stock Consideration = Minority Equity Interests Value divided by Benchmark Price, where: