FORM OF EXCHANGE AGREEMENT
Exhibit 10.1
FORM OF EXCHANGE AGREEMENT
This EXCHANGE AGREEMENT (this “Agreement”) is entered into as of February 13, 2011, by and between Xxxxxx Network Systems, LLC, a Delaware limited liability company (the “LLC”), Xxxxxx Communications, Inc., a Delaware corporation (“Xxxxxx”), and [HOLDER] (“Holder”, together with LLC and Xxxxxx, the “Parties”).
WHEREAS, Holder was issued and sold certain Class B Units of the LLC (the “Class B Units”);
1. Exchange of Class B Units. Holder’s Class B Units shall be exchanged for Xxxxxx common stock (i) prior to the effective time of the Merger, or (ii) if not previously exchanged, subject to the consummation of the Merger, immediately prior to the effective time of the Merger, in each case in accordance with the Purchase Agreement and the LLC Agreement.
2. Miscellaneous. This Agreement shall be governed by and interpreted in a manner consistent with the Purchase Agreement and the LLC Agreement. This Agreement may be executed in two counterparts, each of which shall be deemed to be an original and both of which together shall constitute one and the same instrument.
[SIGNATURE PAGE FOLLOWS]
XXXXXX NETWORK SYSTEMS, LLC | ||
By: |
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Name: |
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Title: |
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XXXXXX COMMUNICATIONS, INC. | ||
By: |
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Name: |
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Title: |
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HOLDER | ||
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[HOLDER] |