Exchange by the Members Sample Clauses

Exchange by the Members. At the Closing (as defined in Section 1.02), the Members shall sell, transfer, convey, assign and deliver to the Parent all of the Membership Interests free and clear of all Liens in exchange for an aggregate of Six Million (6,000,000) shares of Parent Stock, which shall be issued and delivered in such amounts as set forth under each Member’s name on the signature page hereto.

Exchange by the Members. At the Closing (as defined in Section 1.02), the Members shall sell, transfer, convey, assign and deliver to the Parent all of the Membership Interests free and clear of all Liens in exchange for an aggregate of 100,773,923 shares of Parent Stock, which shall be issued and delivered in such amounts as set forth under each Member’s name on Schedule A attached hereto.

Exchange by the Members. At the Closing, each Member shall sell, transfer, convey, assign and deliver to JHDG its Units free and clear of any lien, security interest, pledge, equity and claim of any kind, voting trust, stockholder agreement and other encumbrance (“Liens”) in exchange for the JHDG Stock listed on Annex A opposite such Member’s name. The Option holders and Note holders also acknowledge and agree that JHDG Stock shall be issuable in lieu of equity securities of Cardinal upon exercise or conversion of the Cardinal Notes and Cardinal Options, and that the number of shares of JHDG Stock issuable upon exercise of Cardinal Options and conversion of the Cardinal Notes is substantially as set forth on Annex B hereto. All other terms and conditions of the issuance of JHDG Stock upon exercise or conversion of Cardinal Notes and Cardinal Options shall be in accordance with the terms of such instruments.

Exchange by the Members. At the Closing, each Member shall sell, transfer, convey, assign and deliver to Stratum its Units free and clear of any lien, security interest, pledge, equity and claim of any kind, voting trust, stockholder agreement and other encumbrance (“Liens”) in exchange for the Stratum Stock listed on Annex A opposite such Member’s name.

Exchange by the Members. At the Closing (as defined in Section 2.03), the Members shall sell, transfer, convey, assign and deliver to the Parent all of the Interests free and clear of all Liens in exchange for the Parent Stock which shall be delivered to the Members promptly following completion of the Reverse Split. Notwithstanding the delay in delivery of the Parent Stock, the Members shall as of the Closing be deemed to be the record and beneficial owners of the Parent Stock for all purposes.

Exchange by the Members. At the Closing, the Members shall sell, transfer, convey, assign and deliver to the Parent all of the Interests free and clear of all Liens in exchange for an aggregate of Fifty Million (50,000,000) shares of Parent Stock, which shall be issued and delivered to each Member in such amounts as set forth in column (4) on the Schedule of Members.

Exchange by the Members. At the Closing, each Member shall sell, transfer, convey, assign and deliver to CYRB its Membership Units free and clear of any Encumbrance in exchange for a number of shares of Common Stock of CYRB equal to its Membership Units multiplied by the Exchange Ratio (the “Exchange Shares”).

Exchange by the Members. At the Closing, each Member shall sell, transfer, convey, assign and deliver to RCCC its Class A Units free and clear of any Encumbrance in exchange for a number of shares of Common Stock equal to its Class A Units multiplied by the Exchange Ratio.

Exchange by the Members. At the Closing, each Member shall sell, transfer, convey, assign and deliver to VCAN its Membership Interests free and clear of any lien, security interest, pledge, equity and claim of any kind, voting trust, stockholder agreement and other encumbrance ("Liens") in exchange for the VCAN Stock listed on Annex A opposite such Member's name.

Exchange by the Members. At the Closing (as defined in Section 1.03), the Members shall sell, transfer, convey, assign, and deliver to the Parent all of the Membership Interests free and clear of all liens in exchange for an aggregate of 281,250 (Two Hundred Eighty-One Thousand Two Hundred Fifty) shares of Parent Common Stock, to be issued to the Members pro rata, vesting on the following schedule: (a) 70,312 on the six-month anniversary of the Closing. (b) 70,313 on the twelve-month anniversary of the Closing. (c) 70,312 on the eighteen-month anniversary of the Closing. (d) 70,313 on the twenty-four-month anniversary of the Closing.