Opinion ID: 1177746
Heading Depth: 1
Heading Rank: 7

Heading: Closing Date and Effective Date of the Merger

Text: 6.01 Closing Date. Within ten business days after obtaining (i) the requisite approvals of the stockholders and directors of Brewer, (ii) the requisite tax ruling, and (iii) a determination of the number of shares of Brewer Common Stock, if any, as to which dissenters' rights are being exercised, (if necessary pursuant to Sections 5.01(j) and 5.02(i)), a meeting (the Closing) shall take place at the offices of Brewer in Honolulu, Hawaii, at which the parties to this Agreement will exchange certificates, opinions and other documents in order to determine whether any condition exists which would permit any of the parties to this Agreement to terminate this Agreement. If no such condition then exists, or if no party elects to exercise any right it may have to terminate this Agreement, the parties shall certify, execute and acknowledge the Merger Agreement to comply with applicable filing and recording requirements. The date of such certification, execution and acknowledgment shall be the Closing Date. 6.02 Effective Date. On the Closing Date, an executed counterpart of the Merger Agreement shall be filed with the Director of Regulatory Agencies of the State of Hawaii and the Merger shall become effective upon the completion of such filing. The date of such completion of filing shall be the Effective Date.