Exchange by Holder of Warrants for Shares of Common Stock. 1.1.1. Subject to the terms and conditions of this Agreement, the Holder herewith transfers and assigns to the Company the Holder Warrants in exchange for shares of the Common Stock of the Company at the exchange rate of three (3) Warrants for each one (1) share of Common Stock.
Appears in 4 contracts
Samples: Recapitalization Agreement (Black Warrior Wireline Corp), Recapitalization Agreement (Black Warrior Wireline Corp), Recapitalization Agreement (Underbrink Charles E)
