Exchange of Convertible Securities. Effective as of the Closing Date, the holders (individually, the “Holder,” and collectively the “Holders”) of the outstanding warrants, options and convertible debentures of EFactor (collectively, the “Convertible Securities”), as set forth on Schedule 1.03 hereto, upon the exercise or conversion of the Convertible Securities, shall have the right to convert such Convertible Securities into the kind and amount of EHI shares of stock and other securities and property which such Holder would have owned or have been entitled to receive prior to the Closing of the Share Exchange transaction contemplated in this Agreement.
Exchange of Convertible Securities. Prior to the Closing, each outstanding option, warrant or other security convertible into or exercisable for Company Shares (“Company Convertible Securities”) shall be exchanged for or converted into convertible securities of ORRV (“ORRV Convertible Securities”), which ORRV Convertible Securities shall have substantially the same terms as the Company Convertible Securities.
Exchange of Convertible Securities. Upon and subject to the terms and conditions of this Agreement, on the Closing Date, the holders of the AHI Ontario Convertible Securities, as set out in Schedule "A", agree to terminate and cancel the AHI Ontario Convertible Securities held by them in exchange for the issuance to each of them of the Resulting Issuer Convertible Securities, on a one for one basis.
Exchange of Convertible Securities. Prior to the Closing, each outstanding option, warrant or other security convertible into or exercisable for Company Shares ("Company Convertible Securities") shall be exchanged for or converted into convertible securities of OCIS ("OCIS Convertible Securities"), which OCIS Convertible Securities shall have substantially the same terms as the Company Convertible Securities.
Exchange of Convertible Securities. Each option, warrant and security exercisable or convertible by its terms into Hutech HK Stock (including convertible promissory notes), whether vested or unvested, which is outstanding immediately prior to the Closing (each, a “Hutech HK Convertible Security”), shall be assumed by Hutech BVI and shall be deemed to constitute an option, warrant or convertible security, as the case may be, to acquire the same number of shares of Hutech BVI Stock; provided that, on a share by share comparison, the ratio of the exercise price to the fair market value of the Hutech BVI Stock subject to the convertible security immediately after the assumption is not greater than the ratio of the exercise price to the fair market value of the shares subject to the Hutech HK Convertible Security immediately before the assumption. All other terms and conditions of such Hutech BVI options, warrants and/or convertible securities shall be the same as the Hutech HK Convertible Securities that have been converted, as such Hutech HK Convertible Securities existed immediately prior to the date hereof, with full credit being given for any vesting that has occurred prior to the date hereof.
Exchange of Convertible Securities. Prior to the Closing, each outstanding option, warrant or other security convertible into or exercisable for Company Shares ("Company Convertible Securities") shall be exchanged for or converted into convertible securities of OCIS ("OCIS Convertible Securities"), which OCIS Convertible Securities shall have substantially the same terms as the Company Convertible Securities. 1.6
Exchange of Convertible Securities. Immediately prior to the Closing, each outstanding option, warrant or other security convertible into or exercisable for Company Shares ("Company Convertible Securities") shall be exchanged for or converted into convertible securities of AirWare International ("AirWare International Convertible Securities"), which AirWare International Convertible Securities shall have substantially the same terms as the Company Convertible Securities. A summary of the AirWare International Convertible Securities to be outstanding after the conversion is set forth in Exhibit C attached hereto.
Exchange of Convertible Securities. Prior to the Closing, each outstanding option, warrant or other security convertible into or exercisable for Company Shares (“Company Convertible Securities”) shall be exchanged for or converted into convertible securities of GLER (“GLER Convertible Securities”), which GLER Convertible Securities shall have substantially the same terms as the Company Convertible Securities.
Exchange of Convertible Securities. Prior to the Closing, each outstanding note, debenture or other security convertible into or exercisable for GT Biopharma shares of common stock (the “GT Biopharma Convertible Securities”) shall be exchanged for or converted into GT Biopharma shares of common stock.
Exchange of Convertible Securities. Effective as of the Closing Date, the holders (individually, the “Holder,” and collectively the “Holders”) of the outstanding warrants, options and convertible debentures of SquareOne (collectively, the “Convertible Securities”), as set forth on Schedule 1.02 hereto, upon the exercise or conversion of the Convertible Securities, shall have the right to convert such Convertible Securities into the kind and amount of shares of stock and other securities and property which such Holder would have owned or have been entitled to receive prior to the Closing of the share exchange transaction contemplated in this Agreement, multiplied by 1.6897.
