Stock Swap Clause Samples

Stock Swap. To the extent that this Section 6.2 is applicable, all or any part of the Exercise Price may be paid by surrendering, or attesting to the ownership of, shares of Common Stock that are already owned by the Optionee. Such shares of Common Stock shall be valued at their Fair Market Value on the date when the new shares of Common Stock are purchased under the Plan. If originally received pursuant to any Company benefit plan, shares of Common Stock swapped in payment of the Exercise Price must have been held by the Optionee for at least six months.

Stock Swap. You may exercise your Options by delivering to ▇▇▇▇▇▇▇ ▇▇▇▇▇ shares of Company stock that you have owned for at least six months, duly endorsed for transfer to the Company, having a fair market value on the date you deliver it equal to the ▇▇▇▇▇ ▇▇▇▇▇ multiplied by the number of shares covered by the Options you are exercising, plus applicable taxes. You have access to the secure Benefits OnLine® website at ▇▇▇.▇▇▇▇▇▇▇▇.▇▇.▇▇▇. Benefits OnLine provides grant summaries, modeling, and the ability to exercise options and direct that stock be sold. The Company’s executive officers and other Section 16 Insiders are required to open brokerage accounts and conduct equity award transactions through The ▇▇▇▇▇▇▇-▇▇▇▇ Group, the ▇▇▇▇▇▇▇ ▇▇▇▇▇ Financial Advisor team designated to service the accounts.

Stock Swap. The shareholders of KETOSPORTS shall collectively sell Four Hundred and Seventy Four (474) shares of issued KETOSPORTS Stock to LVGI. As consideration for such shares, LVGI shall issue to the Shareholders a total of Two Thousand Five Hundred (2,500) shares of Series, AB, AC, AD, AE of LVGI Preferred Stock, and Two Hundred and Twenty-Five Thousand U.S. Dollars ($225,000) based on the schedule in Exhibit A. (i) The LGVI Preferred Stock shall be convertible to LVGI common stock in a ratio of one (1) share of LGVI Preferred Stock to One Thousand (1,000) shares of LGVI common stock, with a current value as of the effective date of this agreement, of Nine U.S. Cents ($0.09) per share. The LVGI Preferred Stock may be converted into LVGI common stock at the holder’s sole discretion but not earlier than twelve (12) months from the Closing. (ii) As soon as practicable after the Closing, KETOSPORTS shall provide confirmation of book entry, documenting the transfer to LVGI of said Five Hundred and Fifty-Three Shares (553) of capital shares and issued shares of KETOSPORTS Stock. The KETOSPORTS Stock may not be sold or transferred, other than as set forth in Article IX, until LVGI and KETOSPORTS enter into a Buy/Sell Agreement as defined in Article VIII. (iii) As soon as practicable after the Closing, each Shareholder shall be entitled to receive a share certificate for the LVGI Preferred Stock received by the Shareholder (or at LVGI 's discretion a book-entry confirmation of such LVGI Preferred Stock ownership).

Stock Swap. The parties are desirous of completing a second stock swap of 877,557 Taicom Class B Preferred Stock for 67,000,000 shares of IAO Common Stock at $0.035 per share (“Second Swap”). For purposes of this Second Swap, the parties agree and acknowledge the following valuation of the Taicom Class B Preferred Stock as follows: At 3/1/2009 JY 1,463,422,525 Forgivable Loan Liability JY 350,000,000 Total Swap Value of Taicom Securities JY 1,813,422,515 Conversion @97.662JY/USD (3-2-2009) $ 18,568,347 The Company agrees and acknowledges that the Taicom Class B Preferred Stock are restricted securities and may not be resold, distributed, collateralized liquidated or transferred to any person or entity. Further, the Company agrees and acknowledges that such Taicom Class B Preferred Stock is being acquired for investment for Company’s own account and not with a view to resell or distribute any part or whole thereof. The parties intend this transaction to qualify as a tax-free exchange.

Stock Swap. 2.1 The parties are also desirous of entering into a stock swap on or before July 31, 2009 or the record date for the August 28, 2009 General Meeting of Shareholders, whichever is earlier. Such stock swap shall exchange Ten Million Five Hundred Thousand (10,500,000) shares of IAO Common Stock at $0.035 per share for One Hundred Thirty Seven Thousand Five Hundred Twenty Eight (137,528) Taicom Class B Preferred Stock (hereinafter “Second Swap”). Details of such Second Swap shall be memorialized in a separate writing. 2.2 For purposes of this Second Swap, the parties agree and acknowledge the following valuation of the Taicom Class B Preferred Stock: Book Value of Taicom Securities JY 1,463,422,525 At 3/1/2009 Forgivable Loan Liability JY 350,000,000 Total Swap Value of Taicom Securities JY 1,813,422,525 Conversion @97.662JY/USD (3-2-2009) $ 18,568,347 2.3 The Company agrees and acknowledges that the Taicom Class B Preferred Stock are restricted securities and may not be resold, distributed, collateralized liquidated or transferred to any person or entity. Further, the Company agrees and acknowledges that such Taicom Class B Preferred Stock is being acquired for investment for Company’s own account and not with a view to resell or distribute any part or whole thereof. The parties intend this transaction to qualify as a tax-free exchange.

Stock Swap applies to shrunk tonnes

Stock Swap