A Delaware Share Exchange Agreement is a legally binding contract that outlines the terms and conditions under which ZC Acquisition Corp. and Refer Corp., along with the stockholders of Refer Corp., agree to exchange shares of stock. This agreement is specifically governed by the laws of the state of Delaware. The agreement sets out the details of the share exchange transaction, including the number and class of shares to be exchanged, the valuation of the shares, and any other consideration to be provided. It also addresses the responsibilities and obligations of each party throughout the exchange process. One type of Delaware Share Exchange Agreement between ZC Acquisition Corp., Refer Corp., and Refer Corp.'s stockholders is a "Statutory Delaware Share Exchange Agreement." This agreement complies with the statutory requirements set forth in the Delaware General Corporation Law (DCL). It ensures that the exchange is conducted in a manner consistent with Delaware state laws, providing legal certainty to all parties involved. Another type is a "Merger and Acquisition (M&A) Exchange Agreement" between ZC Acquisition Corp., Refer Corp., and Refer Corp.'s stockholders. In this scenario, the share exchange may occur as part of a merger or acquisition transaction. The M&A Exchange Agreement outlines the terms of the overall transaction, including the share exchange component. The Delaware Share Exchange Agreement typically contains various key provisions, including representations and warranties by each party regarding their authority, ownership, and compliance with applicable laws. It may also include covenants pertaining to employee matters, intellectual property rights, and post-closing obligations. The agreement further covers the conditions precedent that must be fulfilled before the exchange can take place and the termination rights available to the parties. Overall, a Delaware Share Exchange Agreement is a crucial legal document that ensures a smooth and structured share exchange transaction between ZC Acquisition Corp., Refer Corp., and the stockholders of Refer Corp. It protects the rights and interests of all parties involved while complying with the legal requirements set forth by the state of Delaware.