Conversion and Exchange. On the terms and subject to the conditions set forth in this Agreement, at the Closing (as defined below) the Obligations shall be deemed converted and satisfied in full in return for the issuance to the Holder of 514,893 shares of Common Stock (the “Exchange Shares”).
Appears in 2 contracts
Samples: Debt Conversion Agreement (Reliability Inc), Debt Conversion Agreement (Reliability Inc)
Conversion and Exchange. On the terms and subject to the conditions set forth in this Agreement, at the Closing (as defined below) the Obligations shall be deemed converted and satisfied in full in return for the issuance to the Holder of 514,893 570,414 shares of Common Stock (the “Exchange Shares”).
Appears in 2 contracts
Samples: Piggyback Registration Rights Agreement (Reliability Inc), Debt Conversion Agreement (Reliability Inc)