Common use of No Consideration Clause in Contracts

No Consideration. The Exchange Securities shall be issued to MGT Sports solely in exchange for the cancellation of a portion of the Note, and MGT Sports shall not pay or be required to pay any additional consideration to the Company in order to effectuate the issuance of such shares;

Appears in 2 contracts

Samples: Securities Exchange Agreement (DraftDay Fantasy Sports, Inc.), Securities Exchange Agreement (MGT Capital Investments Inc)

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No Consideration. The Exchange Securities shall be issued to MGT Sports solely in exchange for the cancellation of a portion of the Note, and MGT Sports shall not pay or be required to pay any additional consideration to the Company in order to effectuate the issuance of such shares;

Appears in 2 contracts

Samples: Securities Exchange Agreement (MGT Capital Investments Inc), Securities Exchange Agreement (DraftDay Fantasy Sports, Inc.)

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