Beneficial Ownership of Shares. As of the date hereof, HK does not "beneficially own" (as defined in Rule 13d-3 under the Exchange Act) more than 1% of the outstanding shares of Common Shares or any securities convertible into, or exchangeable for, Common Shares. HK will not buy additional Common Shares between the date of this Agreement and the Closing.
Appears in 4 contracts
Samples: Agreement and Plan of Merger (Happy Kids Inc), Agreement and Plan of Merger (Hk Merger Corp), Agreement and Plan of Merger (Happy Kids Inc)