Common use of Exchanged Shares Clause in Contracts

Exchanged Shares. Subject to the terms and conditions herein stated, GDT shareholders agree at the Closing to exchange with full title guarantee, transfer, assign and deliver to KET its shares of GDT, and KET agrees to issue its shares free and clear of any and all liens to acquire from the GDT Shareholders, the Shares of GDT.

Exchanged Shares. Subject to the terms and conditions herein stated, GDT shareholders agree at the Closing to exchange with full title guarantee, transfer, assign and deliver to KET its their shares of common stock of GDT, and KET agrees to issue to the GDT shareholders its shares free and clear of any and all liens to acquire from the GDT Shareholders, Shareholders the Shares shares of GDT.