The Share Exchange. HAIDA GWAI, INC., a Colorado Corporation, at the Effective Time and upon the terms and subject to the conditions of this Agreement and in accordance with the Colorado Revised Statutes (the “CRS”), shall exchange the shares as set forth below for one hundred percent (100%) of the issued and outstanding shares of E-RENTER (as defined below) (the "Share Exchange"). Following the Share Exchange, E-RENTER shall continue as a wholly owned subsidiary of HAIDA GWAI and HAIDA GWAI shall be the “acquiring” corporation (the "Acquiring Corporation"), and shall continue to be governed by the laws of the jurisdiction of its incorporation or organization. The Share Exchange is intended to qualify as a tax-free reorganization under Section 368 of the Code as it relates to the non-cash Exchange of stock referenced herein.
Appears in 4 contracts
Samples: Agreement and Plan of Share Exchange (E-RenterUSA, Inc.), Agreement and Plan of Share Exchange (E-RenterUSA, Inc.), Agreement and Plan of Share Exchange (E-RenterUSA, Inc.)
