Securities Exchange. (a) In consideration of and in express reliance upon the representations, warranties, covenants, terms and conditions of this Agreement, each Holder agrees to deliver to the Company the Series C Preferred Shares in exchange for the Series D Preferred Shares and the Company agrees to issue and deliver the Series D Preferred Shares to the Holders in exchange for the Series C Preferred Shares.
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Samples: Exchange Agreement (World Racing Group, Inc.), Series C Convertible Preferred Stock Exchange Agreement (Dirt Motor Sports, Inc.)
Securities Exchange. (a) In consideration of and in express reliance upon the representations, warranties, covenants, terms and conditions of this Agreement, each Holder agrees to deliver to the Company the Series C B Preferred Shares in exchange for the Series D Preferred Shares and the Company agrees to issue and deliver the Series D Preferred Shares to the Holders in exchange for the Series C B Preferred Shares.
Appears in 2 contracts
Samples: Series B Convertible Preferred Stock Exchange Agreement (Dirt Motor Sports, Inc.), Series B Convertible Preferred Stock Exchange Agreement (World Racing Group, Inc.)
Securities Exchange. (a) In consideration of and .Hid in express reliance upon the representations, warranties, covenants, terms and conditions of this Agreement, each Holder agrees to deliver to the Company the Series C Preferred Shares in exchange for the Series D Preferred Shares and the Company agrees to issue and deliver the Series D Preferred Shares to the Holders in exchange for the Series C Preferred Shares.
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