Matrix Merger Sub definition

Matrix Merger Sub has the meaning set forth in the recitals.

Matrix Merger Sub has the meaning set forth in the preamble.

Examples of Matrix Merger Sub in a sentence

• Each of Parent, Matrix Merger Sub and Royale Merger Sub was formed solely for the purpose of effecting the Merger and has not engaged in any business activities or conducted any operations other than in connection with the transactions contemplated hereby.

• Other than Parent, Royale Merger Sub and Matrix Merger Sub, the Royale Parties have no Subsidiaries.

• To adopt the Amended and Restated Agreement and Plan of Merger (the “Merger Agreement”) dated effective as of December 31, 2016 by and among Royale Energy, Inc., Royale Energy Holdings, Inc., a Delaware corporation, Royale Merger Sub, Inc., a California corporation and a direct, wholly-owned subsidiary of Royale Energy Holdings, Inc., Matrix Merger Sub, Inc., a California corporation and a direct, wholly-owned subsidiary of Royale Energy Holdings, Inc.

• The directors and officers of Matrix Merger Sub immediately prior to the Matrix Merger Effective Time shall, from and after the Matrix Merger Effective Time, be the directors and officers of Matrix Oil Management Corporation, as the surviving corporation of the Matrix Merger, until their successors have been duly elected or appointed and qualified or until their earlier death, resignation or removal in accordance with the certificate of incorporation and by-laws of the surviving corporation.

• Parent is newly-formed to hold all of the stock of Royale Merger Sub, a California corporation and Matrix Merger Sub, a California corporation.

• Amended and Restated Agreement and Plan of Merger among Royale, Parent, Royale Merger Sub, Matrix Merger Sub, Inc.

• Xxxxxxx Xxxxxx, Xxxxx X Xxxxx Xxxxxxx, XX 00000 E-mail: jxxxxxx@xxxxxxxxx.xxx Attention: Jxxxxx Xxxxxx, Executive Vice President with a copy to: Pxxxxx Xxxxxx LLP 1000 Xxxx Xxxxxx, 00xx Xxxxx Xxxxxxx, Xxxxx 00000 E-mail: exxxxxxx@xxxxxxxxxxxx.xxx Attention: Ephraim del Pozo If to Royale, Matrix Merger Sub or Royale Merger Sub: Royale Energy, Inc.

• Therefore, the transfer of the assets to Matrix Merger Sub in return for its stock will not result in recognition of gain or loss.

• The Matrix shareholders will be transferring the assets of Matrix to Matrix Merger Sub in return for stock of Matrix Merger Sub and, immediately after the transfer will own control of Matrix Merger Sub.

• At a shareholders’ meeting involving the election of directors, no shareholder shall be entitled to cumulate votes (i.e., cast for any candidate a number of votes Matrix Merger Sub, Inc.