Exchange and Cancellation. Subject to and upon the terms and conditions set forth in this Agreement, on the Closing Date, the Holder shall surrender to the Company the Original Securities and, in exchange therefor, the Company shall convey to the Holder the Exchange Securities.
Appears in 4 contracts
Sources: Exchange Agreement (Transportation & Logistics Systems, Inc.), Exchange Agreement (Transportation & Logistics Systems, Inc.), Exchange Agreement (Transportation & Logistics Systems, Inc.)
Exchange and Cancellation. Subject to and upon the terms and conditions set forth in this Agreement, on the Closing Date, the Holder shall surrender to the Company the Original Securities and, in exchange therefor, the Company shall convey issue and deliver to the Holder the Exchange Securities.
Appears in 4 contracts
Sources: Exchange Agreement (Transportation & Logistics Systems, Inc.), Exchange Agreement (Transportation & Logistics Systems, Inc.), Exchange Agreement (Transportation & Logistics Systems, Inc.)