Exchange and Satisfaction. The Obligations are hereby surrendered by the Warrant Holder and exchanged for the Securities and other considerations according to the following terms and conditions.
Exchange and Satisfaction. The Obligations will be exchanged for the Securities and other considerations according to the following terms and conditions and pursuant to the terms of this Agreement:
Exchange and Satisfaction. The Obligations are hereby surrendered by the Creditor and exchanged for the Note and other considerations according to the following terms and conditions.
Exchange and Satisfaction. On the Closing Date, subject to delivery in full of the following consideration, the Obligation shall be surrendered by the Creditor in its entirety:
Exchange and Satisfaction. The Obligations shall be surrendered by the Creditor and exchanged for the Securities and other considerations according to this Agreement and the following terms and conditions.
Exchange and Satisfaction. The Obligations shall be surrendered by the Investor and exchanged for the Securities and other considerations according to this Agreement and the following terms and conditions. The Investor currently holds warrants in the form of the 2020 Warrant Agreement to purchase 7,185,000 shares of the Company’s common stock. These warrants have a 20 cent strike price, no anti-dilution provisions, no cashless exercise provision and expire on February 12, 2023. Upon an equity financing of the Company with Net Proceeds of at least $4 Million (the “New Financing”), Investor hereby agrees to exchange and surrender to the Company all 7,185,000 of the 2020 Warrants for the following considerations:
Exchange and Satisfaction. So long as the Nasdaq Offering is consummated on or before August 17, 2022, the Holder Warrants shall automatically be surrendered in the entirety by the Holder and, subject to the Beneficial Ownership Limitation (as defined below),exchanged for 375,000 shares of Common Stock (the “Securities”) on the date that the Nasdaq Offering is consummated pursuant to the terms of this Agreement.
Exchange and Satisfaction. The Debt will be exchanged for the Shares and other considerations according to the following terms and conditions and pursuant to the terms of this Agreement:
Exchange and Satisfaction. The principal of the Debentures are hereby surrendered by the Exchanging Holder and exchanged for the Securities and the Note. The Company hereby acknowledges receipt of the Debentures and the Exchanging Holder hereby acknowledges receipt of the Securities and the Note.
Exchange and Satisfaction. Effective immediately prior the effectiveness of the Registration Statement, the Holder Preferred shall automatically be surrendered in the entirety by the Holder and exchanged for [•] shares of Common Stock (the “Securities”) pursuant to the terms of this Agreement. Notwithstanding anything to the contrary herein, if the Registration Statement is not declared effective by [•], this Agreement shall be null and void and of no further force or effect.
