Common use of Agreement to Exchange Shares Clause in Contracts

Agreement to Exchange Shares. At the Closing, the Company agrees to issue to Laurus 2,000,000 shares of Common Stock (the “Shares”) in exchange for and in cancellation of i) 3,344.0 shares of Series G Preferred Stock, with a stated value of $33,440, and ii) 17,096.0 shares of Series I Preferred Stock, with a stated value of $170,960. Following this exchange, Laurus shall retain a total of 120,000.4 shares of Series G Preferred Stock, with a stated value of $1,200,004, and 602,744.6 shares of Series I Preferred Stock, with a stated value of $6,027,446.

Appears in 1 contract

Samples: Securities Exchange Agreement (Jmar Technologies Inc)

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Agreement to Exchange Shares. At the Closing, the Company agrees to issue to Laurus 2,000,000 shares of Common Stock (the “Shares”) in exchange for and in cancellation of i) 3,344.0 2,782.2 shares of Series G Preferred Stock, with a stated value of $33,44027,822, and ii) 17,096.0 17,657.8 shares of Series I Preferred Stock, with a stated value of $170,960176,578. Following this exchange, Laurus shall retain a total of 120,000.4 123,344.4 shares of Series G Preferred Stock, with a stated value of $1,200,0041,233,444, and 602,744.6 619,840.6 shares of Series I Preferred Stock, with a stated value of $6,027,4466,198,406.

Appears in 1 contract

Samples: Securities Exchange Agreement (Jmar Technologies Inc)

Agreement to Exchange Shares. At the Closing, the Company agrees to issue to Laurus 2,000,000 639,398 shares of Common Series I Preferred Stock (the “Shares”) in exchange for and in cancellation of i) 3,344.0 196,250 shares of Series F Preferred Stock, with a stated value of $1,962,500, ii) 50,648 shares of Series G Preferred Stock, with a stated value of $33,440506,480, and iiiii) 17,096.0 392,500 shares of Series I H Preferred Stock, with a stated value of $170,9603,925,000. Following this exchange, Laurus shall retain a total of 120,000.4 145,602 shares of Series G Preferred Stock, with a stated value of $1,200,004, and 602,744.6 shares of Series I Preferred Stock, with a stated value of $6,027,4461,456,020.

Appears in 1 contract

Samples: Securities Exchange Agreement (Jmar Technologies Inc)

Agreement to Exchange Shares. At the Closing, the Company agrees to issue to Laurus 2,000,000 2,100,000 shares of Common Stock (the “Shares”) in exchange for and in cancellation of i) 3,344.0 2,220.4 shares of Series G Preferred Stock, with a stated value of $33,44022,204, and ii) 17,096.0 22,979.6 shares of Series I Preferred Stock, with a stated value of $170,960229,796. Following this exchange, Laurus shall retain a total of 120,000.4 117,780 shares of Series G Preferred Stock, with a stated value of $1,200,0041,177800, and 602,744.6 579,765 shares of Series I Preferred Stock, with a stated value of $6,027,4465,797,650.

Appears in 1 contract

Samples: Securities Exchange Agreement (Jmar Technologies Inc)

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Agreement to Exchange Shares. At the Closing, the Company agrees to issue to Laurus 2,000,000 1,500,000 shares of Common Stock (the “Shares”) in exchange for and in cancellation of i) 3,344.0 19,475.4 shares of Series G Preferred Stock, with a stated value of $33,440194,754.00, and ii) 17,096.0 1,899.6 shares of Series I Preferred Stock, with a stated value of $170,96018,996.00. Following this exchange, Laurus shall retain a total of 120,000.4 125,565.6 shares of Series G Preferred Stock, with a stated value of $1,200,0041,255,656, and 602,744.6 637,498.4 shares of Series I Preferred Stock, with a stated value of $6,027,4466,374,984.

Appears in 1 contract

Samples: Securities Exchange Agreement (Jmar Technologies Inc)

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