Common use of Preferred Exchange Clause in Contracts

Preferred Exchange. On the terms and subject to the conditions set forth in this Agreement, upon the Closing (i) the Company agrees to issue to the Investor, in exchange for its 12,960 Preferred Shares, 3,456,000 Exchange Shares, and (ii) the Investor agrees to deliver to the Company certificate(s) or book-entry shares representing the Preferred Shares in exchange for such number of Exchange Shares.

Preferred Exchange. On the terms and subject to the conditions set forth in this Agreement, upon the Closing (i) the Company agrees to issue to the Investor, in exchange for its 12,960 [2,483,100] Preferred Shares, 3,456,000 [2,483,100] Exchange Shares, and (ii) the Investor agrees to deliver to the Company certificate(s) or book-entry shares representing the Preferred Shares marked cancelled in exchange for such number of Exchange Shares.

Preferred Exchange. On the terms and subject to the conditions set forth in this Agreement, upon the Closing (i) the Company agrees to issue to the Investor, in exchange for its 12,960 6,858.75 Preferred Shares, 3,456,000 1,829,000 Exchange Shares, and (ii) the Investor agrees to deliver to the Company certificate(s) or book-entry shares representing the Preferred Shares marked cancelled in exchange for such number of Exchange Shares.

Preferred Exchange. On the terms and subject to the conditions set forth in this Agreement, upon the Closing (i) the Company agrees to issue to the Investor, in exchange for its 12,960 1,189,538 Preferred Shares, 3,456,000 1,189,538 Exchange Shares, and (ii) the Investor agrees to deliver to the Company certificate(s) or book-entry shares representing the Preferred Shares marked cancelled in exchange for such number of Exchange Shares.

Preferred Exchange. On the terms and subject to the conditions set forth in this Agreement, upon the Closing (i) the Company agrees to issue to the Investor, in exchange for its 12,960 728,706 Preferred Shares, 3,456,000 728,706 Exchange Shares, and (ii) the Investor agrees to deliver to the Company certificate(s) or book-entry shares representing the Preferred Shares in exchange for such number of Exchange Shares.