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Monday, November 29, 2010 3:26:50 PM
Offer Price; Merger Consideration
. It is proposed that CPV shall commence an offer
(the “Offer”) to acquire Renewal Fuels
at the equivalent price of $0.12 per Company Share, net to the holder thereof in cash or in shares from the subsequent IPO from CPV, all upon the terms and conditions set forth within.
1.2 Effective Time
. The Reorganization will become effective upon the filing of this Agreement with the Securities and Exchange Commission and the filing of a Certificate of Merger with the Secretary of State and the State of Maryland in accordance with the relevant provisions of Maryland Law, to be done no later than December 5, 2010.
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