Exchange of Stock. Effective on the date of the Closing (as hereinafter defined) of this Agreement, the HSI Stockholder hereby conveys all of the HSI Stockholder's HSI Stock to the Company in consideration for the issuance to the HSI Stockholder of 20 shares of Common Stock (the "Exchange Shares") for each share of HSI Stock tendered.
Appears in 5 contracts
Samples: Exchange Agreement (Warp 9, Inc.), Exchange Agreement (Warp 9, Inc.), Exchange Agreement (Warp 9, Inc.)
