Stock Exchange Agreement and Plan of Reorganization between Jenkon International, Inc., Multimedia K.I.D. Intelligence in Education, Ltd. and Stockholders dated December 16, 1999. 46 pages.
The Utah Stock Exchange Agreement and Plan of Reorganization is a legal document that outlines the terms and conditions for the acquisition of Multimedia K.I.D. Intelligence in Education, Ltd. by Benson International, Inc., and its impact on the stockholders. This agreement sets forth the details of the transaction, including the exchange ratio, consideration to be received, and the process of reorganization. Benson International, Inc. is a company engaged in the business of technology solutions, specifically catering to the education industry. Multimedia K.I.D. Intelligence in Education, Ltd. is a company specializing in multimedia-based educational products and services. The plan of reorganization aims to combine the resources and expertise of both companies to enhance their offerings and expand their market presence. The Utah Stock Exchange Agreement and Plan of Reorganization by Benson International, Inc., Multimedia K.I.D. Intelligence in Education, Ltd., and Stockholders may involve various types, such as: 1. Merger: In this type of agreement, one company, Benson International, Inc., merges with Multimedia K.I.D. Intelligence in Education, Ltd. The assets, liabilities, and stockholders' equity of the latter are transferred to Benson International, Inc. in exchange for stock or other consideration. 2. Acquisition: This agreement might also involve Benson International, Inc. acquiring a controlling interest in Multimedia K.I.D. Intelligence in Education, Ltd. by purchasing a majority of its outstanding shares. This acquisition would grant Benson International, Inc. the power to control and govern the operations of Multimedia K.I.D. Intelligence in Education, Ltd. 3. Stock Exchange: The stockholders of Multimedia K.I.D. Intelligence in Education, Ltd. may receive shares of Benson International, Inc. in exchange for their existing shares. The exchange ratio determines the number of shares to be exchanged, which is often based on the relative value of the two companies. Overall, the Utah Stock Exchange Agreement and Plan of Reorganization represent a strategic move to combine the resources, expertise, and market presence of Benson International, Inc. and Multimedia K.I.D. Intelligence in Education, Ltd. to create a stronger and more competitive entity in the education technology sector. The agreement ensures a fair and transparent process for the stockholders involved, protecting their interests while enabling the companies to achieve their strategic objectives.
The Utah Stock Exchange Agreement and Plan of Reorganization is a legal document that outlines the terms and conditions for the acquisition of Multimedia K.I.D. Intelligence in Education, Ltd. by Benson International, Inc., and its impact on the stockholders. This agreement sets forth the details of the transaction, including the exchange ratio, consideration to be received, and the process of reorganization. Benson International, Inc. is a company engaged in the business of technology solutions, specifically catering to the education industry. Multimedia K.I.D. Intelligence in Education, Ltd. is a company specializing in multimedia-based educational products and services. The plan of reorganization aims to combine the resources and expertise of both companies to enhance their offerings and expand their market presence. The Utah Stock Exchange Agreement and Plan of Reorganization by Benson International, Inc., Multimedia K.I.D. Intelligence in Education, Ltd., and Stockholders may involve various types, such as: 1. Merger: In this type of agreement, one company, Benson International, Inc., merges with Multimedia K.I.D. Intelligence in Education, Ltd. The assets, liabilities, and stockholders' equity of the latter are transferred to Benson International, Inc. in exchange for stock or other consideration. 2. Acquisition: This agreement might also involve Benson International, Inc. acquiring a controlling interest in Multimedia K.I.D. Intelligence in Education, Ltd. by purchasing a majority of its outstanding shares. This acquisition would grant Benson International, Inc. the power to control and govern the operations of Multimedia K.I.D. Intelligence in Education, Ltd. 3. Stock Exchange: The stockholders of Multimedia K.I.D. Intelligence in Education, Ltd. may receive shares of Benson International, Inc. in exchange for their existing shares. The exchange ratio determines the number of shares to be exchanged, which is often based on the relative value of the two companies. Overall, the Utah Stock Exchange Agreement and Plan of Reorganization represent a strategic move to combine the resources, expertise, and market presence of Benson International, Inc. and Multimedia K.I.D. Intelligence in Education, Ltd. to create a stronger and more competitive entity in the education technology sector. The agreement ensures a fair and transparent process for the stockholders involved, protecting their interests while enabling the companies to achieve their strategic objectives.