Exchange of Consideration. In exchange for (i) cancellation in full of all of the Warrants and (ii) the release set forth in paragraph B below, NPTI agrees on the Closing Date (a) to issue to the CapEx Parties 500,000 shares of NPTI common stock in the aggregate (the "CapEx Warrant Shares") and (b) to release each of the CapEx Parties on the terms set forth in paragraph C below. In exchange for (1) issuance to the CapEx Parties of the CapEx Warrant Shares and (2) the release set forth in paragraph C below, each of the CapEx Parties agrees on the Closing Date (x) to surrender in order that NPTI may cancel in full all of the Warrants and (y) to release NPTI on the terms set forth in paragraph B below. The CapEx Warrant Shares shall be issued as follows: (i) 303,536 Warrant Shares shall be issued to CapEx, (ii) 57,302 Warrant Shares shall be issued to Bow River I and (iii) 139,162 Warrant Shares shall be issued to Bow River II.
Appears in 2 contracts
Sources: Purchase and Settlement Agreement (BG Capital Group, Ltd.), Purchase and Settlement Agreement (Neptune Society Inc/Fl)