Common use of Agreement to Exchange Clause in Contracts

Agreement to Exchange. Subject to the terms and conditions of this Agreement, the Company will sell and issue to the Holder, and the Holder will acquire from the Company, $260,000 of Convertible Debentures of the Company in exchange for the cancellation of the outstanding debt currently owed to the Holder in the aggregate amount of $260,000 in the form of Notes.

Appears in 1 contract

Samples: Convertible Debenture Exchange Agreement (Network Installation Corp)

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Agreement to Exchange. Subject to the terms and conditions of this Agreement, the Company will sell and issue to the Holder, and the Holder will acquire from the Company, $260,000 1,497,450 of Convertible Debentures Debenture of the Company in exchange for the cancellation of the outstanding debt currently owed to the Holder in the aggregate amount of $260,000 1,497,450 in the form of Notes.

Appears in 1 contract

Samples: Convertible Debenture Exchange Agreement (Newave Inc)

Agreement to Exchange. Subject to the terms and conditions of this Agreement, the Company will sell and issue to the Holder, and the Holder will acquire from the Company, $260,000 of Convertible Debentures 12,500 worth of the Company Company's Debentures in exchange for the cancellation of the outstanding debt currently owed 250,000 shares of Stock issued to the Holder in the aggregate amount of $260,000 in the form of NotesHolder.

Appears in 1 contract

Samples: Debenture Stock Exchange Agreement (FTS Apparel Inc)

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Agreement to Exchange. Subject to the terms and conditions of this Agreement, the Company will sell and issue to the Holder, and the Holder will acquire from the Company, $260,000 286,789.00 of Convertible Debentures Debenture of the Company in exchange for the cancellation of the outstanding debt currently owed to the Holder in the aggregate amount of $260,000 286,789.00 in the form of Notes.

Appears in 1 contract

Samples: Convertible Debenture Exchange Agreement (Newave Inc)

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