Illinois Agreement of Merger by VP Oil, Inc., VP Acquisition Corp., Big Piney Oil and Gas Co., Big Piney Acquisition Corp., and National Energy Group, Inc.

• Category: Corporations - Mergers and Acquisitions
• State: Multi-State
• Control #: US-CC-12-1502
• Format: Word; Rich Text

Description

12-1502 12-1502 . . . Agreement of Merger for conversion of two corporations into wholly owned subsidiaries of new corporation ("Holding Company") by merger of one of such corporations with subsidiary of Holding Company and merger of other corporation with different subsidiary of Holding Company . Under Agreement of Merger (a) each 10 shares of common stock of first corporation will be converted into right to receive one share of Holding Company Class A Common Stock ("Class A"), (b) each 1.85 shares of Class A Common Stock of second corporation will be converted into right to receive one share of Holding Company Class A Common Stock, (c) each 1.85 shares of Class B Common Stock of second corporation will be converted into right to receive one share of Holding Company Class B Common Stock and (d) each 1.85 warrants of second corporation will be converted into right to receive one warrant of Holding Company

The Illinois Agreement of Merger is a legal document that outlines the terms and conditions of a merger between VP Oil, Inc., VP Acquisition Corp., Big Piney Oil and Gas Co., Big Piney Acquisition Corp., and National Energy Group, Inc. This merger aims to combine the strengths and resources of these companies in order to achieve greater success and expansion in the energy industry. This agreement signifies the pooling of assets, expertise, and market share of the involved companies to create a stronger and more competitive entity. The merger encompasses various aspects such as the transfer of ownership, integration of operations, and consolidation of assets and liabilities. The agreement also outlines the roles and responsibilities of each company, as well as the timeline and procedures for the merger. Keywords: Illinois Agreement of Merger, VP Oil, Inc., VP Acquisition Corp., Big Piney Oil and Gas Co., Big Piney Acquisition Corp., National Energy Group, Inc., merger, energy industry, pooling of assets, market share, transfer of ownership, integration of operations, consolidation of assets and liabilities, roles and responsibilities, timeline, procedures. Different types of Illinois Agreement of Merger by VP Oil, Inc., VP Acquisition Corp., Big Piney Oil and Gas Co., Big Piney Acquisition Corp., and National Energy Group, Inc. may include: 1. Horizontal Merger Agreement: This type of agreement occurs when two or more companies operating in the same industry and at the same stage of the production process merge together. For example, if VP Oil, Inc. and Big Piney Oil and Gas Co. merge, it would be considered a horizontal merger as they both operate in the same industry. 2. Vertical Merger Agreement: In this agreement, companies that are engaged in different stages of the production process merge together. For instance, if VP Acquisition Corp. and Big Piney Acquisition Corp. merge, it would be considered a vertical merger as they operate in different stages within the energy industry. 3. Conglomerate Merger Agreement: This type of agreement occurs when two or more companies from unrelated industries merge together. If National Energy Group, Inc. merges with any of the other companies involved, it would be considered a conglomerate merger as they operate in different sectors within the broader energy industry. Each type of merger agreement has its own unique set of considerations, challenges, and benefits. The specific details of the Illinois Agreement of Merger between VP Oil, Inc., VP Acquisition Corp., Big Piney Oil and Gas Co., Big Piney Acquisition Corp., and National Energy Group, Inc. will depend on the strategic goals and objectives of the companies involved.