Incredimail 2011 Annual Report Download - page 160

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(c) For purposes of calculating In-the-Money Options and In-the-
Money Warrants, the Common Amount shall be calculated based on the
aggregate Merger Consideration paid through such payment date. By way of illustration, if a Company Stock Option or Company Warrant is not an In-the-
Money
Option or In-the Money Warrant, respectively, at the time of the Closing but becomes an In-the-Money Option or In-the-
Money Warrant as of the date the Deferred
Payment shall be due and payable based on the sum of the Closing Payment Amount and the Deferred Payment Amount, such Company Stock Option or Company
Warrant shall be an In-the-Money Option or In-the-
Money Warrant, respectively, for purposes of the Deferred Payment and the Common Amount shall be as adjusted
based on the sum of the Closing Payment and the Deferred Payment for purposes of determining the Option Net Value or Warrant Net Value, respectively.
1.11 Dissenting Shares .
(a )
Notwithstanding any provision of this Agreement to the contrary and to the extent available under the WBCA, Shares that are
outstanding immediately prior to the Effective Time and that are held by any Shareholder who is entitled to demand and properly demands the appraisal for such
shares (the Dissenting Shares ”)
pursuant to, and who complies in all respects with, the provisions of Section 23B.13 of the WBCA shall not be converted into, or
represent the right to receive, the Merger Consideration. Any such Shareholder shall instead be entitled to receive payment for such Shareholder’
s Dissenting Shares in
accordance with the provisions of Section 23B.13 of the WBCA, provided, however
, that all Dissenting Shares held by any Shareholder who shall have failed to
perfect or who otherwise shall have withdrawn, in accordance with the WBCA, or lost such Shareholder’
s rights to appraisal of such shares under the WBCA, shall
thereupon be deemed to have been converted into, and to have become exchangeable for, as of the Effective Time, the right to receive the applicable Merger
Consideration, without any interest thereon, upon surrender of the certificate or certificates that formerly evidenced such Shares in the manner provided in Section 1.9
hereof.
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