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
Michigan Agreement of Merger refers to a legal contract entered into by VP Oil, Inc., VP Acquisition Corp., Big Piney Oil and Gas Co., Big Piney Acquisition Corp., and National Energy Group, Inc. with the purpose of merging their respective entities or operations in the state of Michigan. Here is a detailed description of the Michigan Agreement of Merger involving the mentioned companies: Title: Michigan 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. Keywords: Michigan Agreement of Merger, VP Oil, Inc. VP Acquisition Corp., Big Piney Oil and Gas Co., Big Piney Acquisition Corp., National Energy Group, Inc. 1. General Overview: The Michigan Agreement of Merger is a legally binding document that outlines the terms and conditions under which VP Oil, Inc., VP Acquisition Corp., Big Piney Oil and Gas Co., Big Piney Acquisition Corp., and National Energy Group, Inc. intend to merge their entities in the state of Michigan. 2. Parties Involved: — VP Oil, Inc.: An energy company specializing in oil exploration, production, and distribution with a significant presence in Michigan. — VP Acquisition Corp.: A subsidiary of VP Oil, Inc. formed specifically for merger and acquisition activities. — Big Piney Oil and Gas Co.: An established Michigan-based oil and gas company with a strong foothold in the local market. — Big Piney Acquisition Corp.: A subsidiary of Big Piney Oil and Gas Co., responsible for mergers and acquisitions. — National Energy Group, Inc.: A leading national energy company actively engaged in various energy-related activities. 3. Purpose: The Michigan Agreement of Merger aims to combine the resources, expertise, and market reach of VP Oil, Inc. and its subsidiary VP Acquisition Corp. with Big Piney Oil and Gas Co. and its subsidiary Big Piney Acquisition Corp. under the umbrella of National Energy Group, Inc. This merger intends to create a more robust and efficient energy entity capable of maximizing operational synergies and expanding market presence in Michigan. 4. Merger Types: A. Vertical Merger: The Michigan Agreement of Merger involves a vertical merger as VP Oil, Inc., and VP Acquisition Corp., engaged in upstream activities such as oil exploration and production, merge with Big Piney Oil and Gas Co. and Big Piney Acquisition Corp., specializing in downstream activities like refining and distribution. B. Market Expansion Merger: The merger between these companies in Michigan aims to consolidate their market positions and expand their service offerings to a broader customer base, thereby gaining a competitive advantage in the state's energy sector. 5. Key Provisions: The Michigan Agreement of Merger encompasses several important provisions, including but not limited to: — Identification of merging entities and their subsidiaries involved. — Terms and conditions of the merger, including the exchange ratio of shares, if applicable. — The governance structure of the merged entity. — Employee retention and severance arrangements. — Intellectual property and asset transfer procedures. — Financial obligations, liabilities, and tax-related matters. — Regulatory compliance requirements— - Confidentiality and non-disclosure obligations. 6. Legal Implications: The Michigan Agreement of Merger holds legal significance, as it formalizes the intention of VP Oil, Inc., VP Acquisition Corp., Big Piney Oil and Gas Co., Big Piney Acquisition Corp., and National Energy Group, Inc. to merge, subject to the approval of relevant regulatory authorities and compliance with applicable state and federal laws. It is imperative for all parties involved to consult legal experts or professionals while drafting, reviewing, and executing the Michigan Agreement of Merger to ensure compliance with legal requirements and protect their respective interests. Disclaimer: The content provided above is intended for informational purposes only and should not be considered as legal advice.
Michigan Agreement of Merger refers to a legal contract entered into by VP Oil, Inc., VP Acquisition Corp., Big Piney Oil and Gas Co., Big Piney Acquisition Corp., and National Energy Group, Inc. with the purpose of merging their respective entities or operations in the state of Michigan. Here is a detailed description of the Michigan Agreement of Merger involving the mentioned companies: Title: Michigan 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. Keywords: Michigan Agreement of Merger, VP Oil, Inc. VP Acquisition Corp., Big Piney Oil and Gas Co., Big Piney Acquisition Corp., National Energy Group, Inc. 1. General Overview: The Michigan Agreement of Merger is a legally binding document that outlines the terms and conditions under which VP Oil, Inc., VP Acquisition Corp., Big Piney Oil and Gas Co., Big Piney Acquisition Corp., and National Energy Group, Inc. intend to merge their entities in the state of Michigan. 2. Parties Involved: — VP Oil, Inc.: An energy company specializing in oil exploration, production, and distribution with a significant presence in Michigan. — VP Acquisition Corp.: A subsidiary of VP Oil, Inc. formed specifically for merger and acquisition activities. — Big Piney Oil and Gas Co.: An established Michigan-based oil and gas company with a strong foothold in the local market. — Big Piney Acquisition Corp.: A subsidiary of Big Piney Oil and Gas Co., responsible for mergers and acquisitions. — National Energy Group, Inc.: A leading national energy company actively engaged in various energy-related activities. 3. Purpose: The Michigan Agreement of Merger aims to combine the resources, expertise, and market reach of VP Oil, Inc. and its subsidiary VP Acquisition Corp. with Big Piney Oil and Gas Co. and its subsidiary Big Piney Acquisition Corp. under the umbrella of National Energy Group, Inc. This merger intends to create a more robust and efficient energy entity capable of maximizing operational synergies and expanding market presence in Michigan. 4. Merger Types: A. Vertical Merger: The Michigan Agreement of Merger involves a vertical merger as VP Oil, Inc., and VP Acquisition Corp., engaged in upstream activities such as oil exploration and production, merge with Big Piney Oil and Gas Co. and Big Piney Acquisition Corp., specializing in downstream activities like refining and distribution. B. Market Expansion Merger: The merger between these companies in Michigan aims to consolidate their market positions and expand their service offerings to a broader customer base, thereby gaining a competitive advantage in the state's energy sector. 5. Key Provisions: The Michigan Agreement of Merger encompasses several important provisions, including but not limited to: — Identification of merging entities and their subsidiaries involved. — Terms and conditions of the merger, including the exchange ratio of shares, if applicable. — The governance structure of the merged entity. — Employee retention and severance arrangements. — Intellectual property and asset transfer procedures. — Financial obligations, liabilities, and tax-related matters. — Regulatory compliance requirements— - Confidentiality and non-disclosure obligations. 6. Legal Implications: The Michigan Agreement of Merger holds legal significance, as it formalizes the intention of VP Oil, Inc., VP Acquisition Corp., Big Piney Oil and Gas Co., Big Piney Acquisition Corp., and National Energy Group, Inc. to merge, subject to the approval of relevant regulatory authorities and compliance with applicable state and federal laws. It is imperative for all parties involved to consult legal experts or professionals while drafting, reviewing, and executing the Michigan Agreement of Merger to ensure compliance with legal requirements and protect their respective interests. Disclaimer: The content provided above is intended for informational purposes only and should not be considered as legal advice.