Common use of Agreement to Exchange Securities Clause in Contracts

Agreement to Exchange Securities. Subject to the terms and upon the conditions set forth herein, each Selling Stockholder agrees to sell, assign, transfer and deliver to the Company, and the Company agrees to purchase from each Selling Stockholder, the Target Shares owned by the respective Selling Stockholder as set forth on Exhibit A attached hereto, in exchange for the transfer, at the Closing, by the Company to each Selling Stockholder a pro rata share of the Company Shares, as determined according to Section 1.1(a) below.

Agreement to Exchange Securities. Subject to the terms and upon the conditions set forth herein, each Selling Stockholder agrees to sell, assign, transfer and deliver to the Company, and the Company agrees to purchase from each Selling Stockholder, the Target Shares owned by the respective Selling Stockholder as set forth on Exhibit A attached hereto, in exchange for the transferissuance, at the Closing, by the Company to each Selling Stockholder a pro rata share Note in the principal aggregate amount of $20,000.00 for all of the Company Shares, as determined according to Section 1.1(a) belowTarget Shares owned by the Selling Stockholder at the Closing.

Agreement to Exchange Securities. Subject to the terms and upon the conditions set forth herein, each Selling Stockholder Shareholder agrees to sell, assign, transfer and deliver to the CompanyCompany on the Closing Date, and the Company agrees to purchase from each Selling StockholderShareholder, the Target Shares owned by the respective Selling Stockholder Shareholder as set forth on Exhibit A attached hereto, in exchange for the transfer, at the Closing, by the Company to each Selling Stockholder a pro rata share Shareholder that amount of the Company Shares, Shares as determined according to Section 1.1(a) below.is set forth opposite each Selling Shareholder’s name on Exhibit A.