The Illinois Share Exchange Agreement is a legally binding contract between ZC Acquisition Corp., Refer Corp., and the stockholders of Refer Corp. The agreement outlines the terms and conditions under which ZC Acquisition Corp. will acquire and exchange the shares of Refer Corp. from its shareholders. This agreement is specific to transactions taking place in the state of Illinois and may vary based on the specific details and requirements of the parties involved. The Illinois Share Exchange Agreement typically includes key provisions related to the exchange process, such as the number of shares to be exchanged, the valuation of the shares, and the consideration to be given to the stockholders of Refer Corp. In addition, the agreement outlines the rights and responsibilities of all parties involved, including the representations and warranties made by each party. The primary goal of the Illinois Share Exchange Agreement is to facilitate a smooth and fair exchange process, ensuring that both ZC Acquisition Corp. and the stockholders of Refer Corp. are protected throughout the transaction. It helps in establishing a clear understanding of the terms of the exchange and any potential risks or liabilities associated with it. Different types of Illinois Share Exchange Agreements may exist based on the specific circumstances of the transaction. Some common variations include: 1. Stock Purchase Agreement: This type of agreement outlines the terms and conditions under which ZC Acquisition Corp. purchases a specific number of shares directly from the stockholders of Refer Corp. The agreement outlines the purchase price, payment terms, and any additional provisions related to the transfer of ownership. 2. Merger Agreement: In a merger scenario, the Illinois Share Exchange Agreement may take the form of a Merger Agreement. This agreement outlines the terms and conditions under which ZC Acquisition Corp. merges with Refer Corp., resulting in the acquisition of Refer Corp. by ZC Acquisition Corp. The agreement details the structure of the merger, including the treatment of shares, consideration, and any post-merger arrangements. 3. Share Swap Agreement: This type of agreement involves a direct exchange of shares between ZC Acquisition Corp. and the stockholders of Refer Corp. The agreement specifies the number and valuation of shares to be swapped and any additional terms related to the transaction. It is important for all parties involved to carefully review and understand the terms and conditions outlined in the Illinois Share Exchange Agreement. Seeking legal counsel is advisable to ensure compliance with state laws, protection of rights, and the successful execution of the share exchange transaction.