Common use of Exchange Value Clause in Contracts

Exchange Value. In exchange for the Acquired Company Shares and the Series A Preferred Shares, ▇▇▇▇▇▇▇ shall issue to the Shareholders an aggregate of Three Hundred Thousand (300,000) common shares of ▇▇▇▇▇▇▇, par value $0.01 per share, (the "▇▇▇▇▇▇▇ Shares") and deliver such shares in the manner provided in Section 2.02. Each of the Shareholders is exchanging 100 Acquired Company Shares and the number of Series A Preferred Shares referenced on Exhibit A attached hereto, and shall, in accordance with this Article II, be issued in exchange One Hundred Thousand (100,000) ▇▇▇▇▇▇▇ Shares.

Appears in 2 contracts

Sources: Share Exchange Agreement (Thaxton Group Inc), Share Exchange Agreement (Thaxton Group Inc)