Common use of Exchange of Common Shares Clause in Contracts

Exchange of Common Shares. (a) In full consideration for the Exchange of each share of Class A Common Stock set forth below the Exchanging Party's name on the signature page hereof (the "Common Shares"), the Company agrees to issue the Exchanging Party one (1) share of Series C Convertible Preferred Stock of the Company (the "Preferred Shares"). i.e., each one (1) Common Share shall be Exchanged for one (1) Preferred Share. (b) Within five (5) days of the Parties entry into this Agreement, the Exchanging Party shall deliver to the Company the certificate(s) representing the Common Shares, duly endorsed in blank or accompanied by stock powers duly endorsed in blank, with medallion signature guaranty (such date received by the Company, the "Delivery Date"). (c) Within five (5) days of the Delivery Date, the Company shall issue a certificate to the Exchanging Party evidencing the Preferred Shares due as a result of the Exchange.

Exchange of Common Shares. (a) In full consideration for the Exchange of each share of Class A Common Stock set forth below the Exchanging Party's ’s name on the signature page hereof (the "“Common Shares"”), the Company agrees to issue the Exchanging Party one (1) share of Series C Convertible Preferred Stock of the Company (the "“Preferred Shares"”). i.e.I.e., each one (1) Common Share shall be Exchanged for one (1) Preferred Share. (b) Within five (5) days of the Parties entry into this Agreement, the Exchanging Party shall deliver to the Company the certificate(s) representing the Common Shares, duly endorsed in blank or accompanied by stock powers duly endorsed in blank, with medallion signature guaranty (such date received by the Company, the "“Delivery Date"”). (c) Within five (5) days of the Delivery Date, the Company shall issue a certificate to the Exchanging Party evidencing the Preferred Shares due as a result of the Exchange.

Exchange of Common Shares. (a) In full consideration for the Exchange of each share of Class A Common Stock set forth below the Exchanging Party's name on the signature page hereof (the "Common Shares"), the Company agrees to issue the Exchanging Party one (1) share of Series C Convertible Preferred Stock of the Company (the "Preferred Shares"). i.e.I.e., each one (1) Common Share shall be Exchanged for one (1) Preferred Share. (b) Within five (5) days of the Parties entry into this Agreement, the Exchanging Party shall deliver to the Company the certificate(s) representing the Common Shares, duly endorsed in blank or accompanied by stock powers duly endorsed in blank, with medallion signature guaranty (such date received by the Company, the "Delivery Date"). (c) Within five (5) days of the Delivery Date, the Company shall issue a certificate to the Exchanging Party evidencing the Preferred Shares due as a result of the Exchange.