Rhode Island Exchange Trust Agreement between Daleen Technologies, Inc., Daleen CallCo Corp., Daleen Canada Corp., Exchangeable Shares Holders and Montreal Trust Co.

• Category: Corporations - Public - Agreements - Trusts
• State: Multi-State
• Control #: US-EG-9469
• Format: Word; Rich Text

Description

Exchange Trust Agreement between Daleen Technologies, Inc., Daleen CallCo Corporation, Daleen Canada Corporation, Holders of Exchangeable Shares and Montreal Trust Company of Canada regarding ParentCo granting to and in favor of the holders from time to Rhode Island Exchange Trust Agreement is a legally binding document that outlines the terms and conditions of an exchange of securities between Baleen Technologies, Inc., Baleen Callao Corp., Baleen Canada Corp., Exchangeable Shares Holders, and Montreal Trust Co. This agreement establishes the framework for the exchange of shares and governs the rights and obligations of the parties involved. One type of Rhode Island Exchange Trust Agreement between these entities involves the exchange of common shares for exchangeable shares. In this scenario, Baleen Technologies, Baleen Callao Corp., and Baleen Canada Corp. agree to exchange their common shares for exchangeable shares held by Exchangeable Shares Holders. Montreal Trust Co. acts as the trustee and custodian of these securities, ensuring compliance with the terms of the agreement. The agreement includes various key clauses and provisions, including: 1. Parties Involved: The agreement identifies the participating parties, including Baleen Technologies, Baleen Callao Corp., Baleen Canada Corp., Exchangeable Shares Holders, and Montreal Trust Co. It clearly delineates their roles and responsibilities. 2. Exchange Ratio: The exchange ratio establishes the conversion rate between the common shares and the exchangeable shares. It determines the number of exchangeable shares that the shareholders will receive in exchange for their common shares. 3. Conditions and Restrictions: The agreement stipulates any conditions or restrictions that must be met for the exchange to take place. This may include regulatory approvals, minimum shareholder approval thresholds, or compliance with applicable laws. 4. Voting and Dividend Rights: It outlines the voting and dividend rights associated with the exchangeable shares. Typically, exchangeable shares mirror the rights of common shares in terms of voting and dividend participation. 5. Trustee Duties: Montreal Trust Co. acts as the trustee and performs various duties outlined in the agreement. These duties may include safeguarding the securities, managing distributions, and maintaining proper records. 6. Redemption and Termination: The agreement may include clauses detailing the redemption process for exchangeable shares and circumstances under which the agreement may be terminated by either party. 7. Governing Law and Jurisdiction: The agreement specifies the governing law and jurisdiction that will govern any disputes arising from the agreement. The Rhode Island Exchange Trust Agreement between Baleen Technologies, Inc., Baleen Callao Corp., Baleen Canada Corp., Exchangeable Shares Holders, and Montreal Trust Co. plays a critical role in facilitating the exchange of securities while ensuring the rights and interests of all parties involved. Through this agreement, the exchange operates in a transparent and regulated manner, providing a clear framework for the interaction between the entities.

Rhode Island Exchange Trust Agreement is a legally binding document that outlines the terms and conditions of an exchange of securities between Baleen Technologies, Inc., Baleen Callao Corp., Baleen Canada Corp., Exchangeable Shares Holders, and Montreal Trust Co. This agreement establishes the framework for the exchange of shares and governs the rights and obligations of the parties involved. One type of Rhode Island Exchange Trust Agreement between these entities involves the exchange of common shares for exchangeable shares. In this scenario, Baleen Technologies, Baleen Callao Corp., and Baleen Canada Corp. agree to exchange their common shares for exchangeable shares held by Exchangeable Shares Holders. Montreal Trust Co. acts as the trustee and custodian of these securities, ensuring compliance with the terms of the agreement. The agreement includes various key clauses and provisions, including: 1. Parties Involved: The agreement identifies the participating parties, including Baleen Technologies, Baleen Callao Corp., Baleen Canada Corp., Exchangeable Shares Holders, and Montreal Trust Co. It clearly delineates their roles and responsibilities. 2. Exchange Ratio: The exchange ratio establishes the conversion rate between the common shares and the exchangeable shares. It determines the number of exchangeable shares that the shareholders will receive in exchange for their common shares. 3. Conditions and Restrictions: The agreement stipulates any conditions or restrictions that must be met for the exchange to take place. This may include regulatory approvals, minimum shareholder approval thresholds, or compliance with applicable laws. 4. Voting and Dividend Rights: It outlines the voting and dividend rights associated with the exchangeable shares. Typically, exchangeable shares mirror the rights of common shares in terms of voting and dividend participation. 5. Trustee Duties: Montreal Trust Co. acts as the trustee and performs various duties outlined in the agreement. These duties may include safeguarding the securities, managing distributions, and maintaining proper records. 6. Redemption and Termination: The agreement may include clauses detailing the redemption process for exchangeable shares and circumstances under which the agreement may be terminated by either party. 7. Governing Law and Jurisdiction: The agreement specifies the governing law and jurisdiction that will govern any disputes arising from the agreement. The Rhode Island Exchange Trust Agreement between Baleen Technologies, Inc., Baleen Callao Corp., Baleen Canada Corp., Exchangeable Shares Holders, and Montreal Trust Co. plays a critical role in facilitating the exchange of securities while ensuring the rights and interests of all parties involved. Through this agreement, the exchange operates in a transparent and regulated manner, providing a clear framework for the interaction between the entities.