Examples of Debt Exchange Amount in a sentence
In accordance with and pursuant to the Exchange Agreement, the undersigned hereby elects to exchange the Debt Exchange Amount (as defined in the Exchange Agreement) indicated below into shares of Common Stock, $0.001 par value per share (the “Common Stock”), of the Company, at the Exchange Rate (as defined in the Exchange Agreement, as of the date specified below).
As of the date hereof (the “Initial Exchange Date”), the Creditor shall be deemed to have delivered an Exchange Notice to effect an Exchange with respect to such aggregate initial Debt Exchange Amount and such initial Exchange Prices as set forth on the signature page of the Creditor.
As of the date hereof (the “Initial Exchange Date”), the Creditor shall be deemed to have delivered an Exchange Notice to effect an Exchange with respect to such aggregate initial Debt Exchange Amount and such initial Exchange Price as set forth on the signature page of the Creditor.
In accordance with and pursuant to the Exchange Agreement, the undersigned hereby elects to exchange the Debt Exchange Amount (as defined in the Exchange Agreement) indicated below into shares of Common Stock, $0.001 par value per share (the “Common Stock”), of the Company, at the Exchange Rate (as defined in the Exchange Agreement, as of the date specified below.
In accordance with and pursuant to the Exchange Agreement, the undersigned hereby elects to exchange the Debt Exchange Amount (as defined in the Exchange Agreement) indicated below into shares of Common Stock, $0.0001 par value per share (the “Common Stock”), of the Company, at the Exchange Rate (as defined in the Exchange Agreement, as of the date specified below.
By: /s/ Xxxxxx Xxxxxx Name: Xxxxxx Xxxxxx Title: Chairman Existing Debt: $1,988,396 Debt Exchange Amount: $3,976,792 Initial Exchange Price (with respect to initial Debt Exchange Amount): $0.505 Number of Shares to be Issued in the Initial Exchange: 6,903,356 out of 7,874,836 issued as of the date hereof, with the remaining 971,480 shares to be issued in the future upon demand by the Creditor.
Accordingly, the cash consideration received by the Company upon obtaining the Minimum Offering Amount will be less than the Minimum Offering Amount by the amount of the Debt Exchange Amount.
Date of Exchange: Aggregate Debt Exchange Amount: Aggregate Legal Fee Exchange Amount*: Aggregate Agent Fee Exchange Amount*: AGGREGATE EXCHANGE AMOUNT: *For a valid exchange, at least a portion of the Debt Exchange Amount outstanding must be included in the Exchange Amount if any Legal Fee Exchange Amount or an Agent Fee Exchange Amount is included.
Debt Exchange Amount: Suite 950 $19,846,075 Lxx Xxxxxxx, XX 00000 (000) 000-0000 Office (000) 000-0000 fax Initial Exchange Price (with respect to initial Debt Exchange Amount): E-mail: mxxxxxx@xxxxxxx.xxx $5.70 with a copy (for information purposes only) to: Mxxxx Lxxxx Cxxx Xxxxxx Gxxxxxx and Pxxxx, PC 600 Xxxxx Xxxxxx Number of Shares to be Issued in the Initial Exchange: Nxx Xxxx, XX 00000 Attention: Kxxxxxx X.
Notwithstanding anything herein to the contrary, no Fee Exchange Amount may be included in any Exchange Notice hereunder unless at least a portion of the outstanding Debt Exchange Amount is being exchanged pursuant to such Exchange Notice.