Maine 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 Maine 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. The Maine Agreement of Merger refers to a legal document that outlines the terms and conditions for the merger between VP Oil, Inc. (a major energy company), VP Acquisition Corp., Big Piney Oil and Gas Co., Big Piney Acquisition Corp., and National Energy Group, Inc. This merger aims to combine the resources, expertise, and market presence of these companies to create a stronger and more competitive entity in the energy industry. The merger agreement includes several key provisions and terms, such as the exchange ratio, which determines the ratio at which shares of the involved companies will be exchanged. This ratio is essential in providing a fair value for the shareholders of each company involved in the merger. The agreement also outlines the governance structure of the merged entity, including the composition of the board of directors and the management team. It specifies the roles and responsibilities of each party involved, ensuring a smooth transition and integration of the different businesses and operations. Additionally, the Maine Agreement of Merger includes clauses related to financial matters, such as the treatment of debts, assets, and liabilities of the participating companies before and after the merger. It also covers potential contingencies and any regulatory approvals necessary to complete the merger process. By executing this merger agreement, VP Oil, Inc., VP Acquisition Corp., Big Piney Oil and Gas Co., Big Piney Acquisition Corp., and National Energy Group, Inc. seek to achieve synergies, economies of scale, and increased market share, enabling them to provide better products, services, and value for their customers and stakeholders.

Maine 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. The Maine Agreement of Merger refers to a legal document that outlines the terms and conditions for the merger between VP Oil, Inc. (a major energy company), VP Acquisition Corp., Big Piney Oil and Gas Co., Big Piney Acquisition Corp., and National Energy Group, Inc. This merger aims to combine the resources, expertise, and market presence of these companies to create a stronger and more competitive entity in the energy industry. The merger agreement includes several key provisions and terms, such as the exchange ratio, which determines the ratio at which shares of the involved companies will be exchanged. This ratio is essential in providing a fair value for the shareholders of each company involved in the merger. The agreement also outlines the governance structure of the merged entity, including the composition of the board of directors and the management team. It specifies the roles and responsibilities of each party involved, ensuring a smooth transition and integration of the different businesses and operations. Additionally, the Maine Agreement of Merger includes clauses related to financial matters, such as the treatment of debts, assets, and liabilities of the participating companies before and after the merger. It also covers potential contingencies and any regulatory approvals necessary to complete the merger process. By executing this merger agreement, VP Oil, Inc., VP Acquisition Corp., Big Piney Oil and Gas Co., Big Piney Acquisition Corp., and National Energy Group, Inc. seek to achieve synergies, economies of scale, and increased market share, enabling them to provide better products, services, and value for their customers and stakeholders.