Series P 9% Convertible Preferred Stock Exchange Agreement Sample Contracts

SERIES P 9% CONVERTIBLE PREFERRED STOCK EXCHANGE AGREEMENT Between Fonix Corporation, as Issuer, And Sovereign Partners LP, And McCormack Avenue, Ltd., as Purchasers. Dated as of September 30, 2008

Series P 9% Convertible Preferred Stock Exchange Agreement • November 19th, 2008 • Fonix Corp • Telephone communications (no radiotelephone) • New York

• Contract Type
  Series P 9% Convertible Preferred Stock Exchange Agreement
• Filed
  November 19th, 2008
• Company
  Fonix Corp
• Industry
  Telephone communications (no radiotelephone)
• Jurisdiction
  New York

THIS SERIES P 9% CONVERTIBLE PREFERRED STOCK EXCHANGE AGREEMENT, dated as of September 30, 2008 (this “Agreement”), is entered into between Fonix Corporation, a Delaware corporation (the “Company”) as Issuer, and Sovereign Partners LP (“Sovereign”) and McCormack Avenue, Ltd. (“McCormack”), as Purchasers. The Company, Sovereign, and McCormack may each be referred to herein as a "Party" and collectively as the "Parties."