STATMON TECHNOLOGIES CORP. EXCHANGE AGREEMENT (Exchange of Notes for Common Stock)Exchange Agreement • February 22nd, 2008 • Statmon Technologies Corp • Drilling oil & gas wells • Nevada
The undersigned (the “Subscriber”) is the holder of a promissory note (the “Note”) issued to the Subscriber by STATMON TECHNOLOGIES CORP., a Nevada corporation (the “Company”), in connection with a loan made by the Subscriber to the Company. Subscriber subscribes to shares of common stock of the Company (the “Shares”) at the rate of $1.00 per Share. Hereby agrees to exchange the principal amount of his Note and accrued interest thereon for Shares through this Exchange Agreement, as provided herein. The Shares issuable upon the exchange of the Note are referred to in this Agreement as the “Underlying Securities.”
