Harris Texas 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
• County: Harris
• 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 The Harris Texas Agreement of Merger is a legally binding document that outlines the terms and conditions of a merger between VP Oil, Inc., VP Acquisition Corp., Big Piney Oil and Gas Co., Big Piney Acquisition Corp., and National Energy Group, Inc. This merger aims to combine the strengths and resources of these companies to create a stronger and more competitive entity in the energy industry. One type of the Harris Texas Agreement of Merger is the "Asset Merger." In this type of merger, VP Oil, Inc. and VP Acquisition Corp. transfer their assets to Big Piney Oil and Gas Co. and Big Piney Acquisition Corp. respectively. This allows the combined entity to have access to a wider range of assets, expanding their operational capabilities and market reach. Another type of the Harris Texas Agreement of Merger is the "Stock Merger." In this case, VP Oil, Inc. and VP Acquisition Corp. issue their stocks to National Energy Group, Inc., in exchange for the stocks and ownership interests of Big Piney Oil and Gas Co. and Big Piney Acquisition Corp. This type of merger enables the companies to consolidate their ownership structure and strengthen their financial position. Keywords: Harris Texas Agreement of Merger, VP Oil, Inc., VP Acquisition Corp., Big Piney Oil and Gas Co., Big Piney Acquisition Corp., National Energy Group, Inc., energy industry, merger, asset merger, stock merger, assets, stocks, ownership interests.

The Harris Texas Agreement of Merger is a legally binding document that outlines the terms and conditions of a merger between VP Oil, Inc., VP Acquisition Corp., Big Piney Oil and Gas Co., Big Piney Acquisition Corp., and National Energy Group, Inc. This merger aims to combine the strengths and resources of these companies to create a stronger and more competitive entity in the energy industry. One type of the Harris Texas Agreement of Merger is the "Asset Merger." In this type of merger, VP Oil, Inc. and VP Acquisition Corp. transfer their assets to Big Piney Oil and Gas Co. and Big Piney Acquisition Corp. respectively. This allows the combined entity to have access to a wider range of assets, expanding their operational capabilities and market reach. Another type of the Harris Texas Agreement of Merger is the "Stock Merger." In this case, VP Oil, Inc. and VP Acquisition Corp. issue their stocks to National Energy Group, Inc., in exchange for the stocks and ownership interests of Big Piney Oil and Gas Co. and Big Piney Acquisition Corp. This type of merger enables the companies to consolidate their ownership structure and strengthen their financial position. Keywords: Harris Texas Agreement of Merger, VP Oil, Inc., VP Acquisition Corp., Big Piney Oil and Gas Co., Big Piney Acquisition Corp., National Energy Group, Inc., energy industry, merger, asset merger, stock merger, assets, stocks, ownership interests.