exchange agreement 債轉股協(xié)議【全英文】

1、ExchangeAgreement債轉股協(xié)議債轉股協(xié)議THISEXCHANGEAGREEMENT(this“Agreement“)ismadeenteredintoasof___________________________(MDY)(the“AgreementDate“)bybetweenAAAINC.a_________(PLACENAME)cpation(“AAA“)BBB(sb)anindividual(“CCCShareho

2、lder“)whoisthesoleshareholderofCCCLTD.acpationganizedexistingunderthelawsof_________(PLACENAME)(“CCC_________(PLACENAME)“)CCC[_________(PLACENAME)]Inc.a_________(PLACENAME)cpation(“CCC_________(PLACENAME)“)(CCC_________(

3、PLACENAME)CCC_________(PLACENAME)aresometimescollectivelyreferredtoas“CCC“).RECITALSA.ThepartiesintendthatsubjecttothetermsconditionsofthisAgreementAAAwillacquire100%oftheissuedoutstingsharecapitalofCCCfromtheCCCSharehol

4、derpursuanttothetermsconditionssetfthhereininexchangefsharesofAAACommonStock.B.UpontheeffectivenessoftheExchange(asdefinedbelow)alltheissuedoutstingsharesofCCCwillbetransferredtoAAAinexchangefsharesofAAACommonStock.C.The

5、representationswarrantiesoftheCCCShareholderhereinareamaterialinducementtoAAAtoenterintothisAgreement.D.ThepartiesacknowledgethattheExchangewillnotqualifyasisnotintendedtoqualifyasareganizationunderSection368oftheU.S.Int

6、ernalRevenueCodeof1986asamended(the“Code“).NOWTHEREFEthepartiesherebyagreeasfollows:1.CERTAINDEFINITIONS.AsusedinthisAgreementthefollowingtermswillhavethemeaningssetfthbelow:1.1“Closing“isdefinedinSection7.1.1.2“ClosingD

7、ate“isdefinedinSection7.1.1.3“EntrustAgreement“meansthatcertainComprehensiveCrossCertificationAgreementdated___________________________(MDY)betweenCCCConsulting(Pty)Ltd.EntrustTechnologiesInc.1.4“Exchange“meanscollective

8、lytheexchangeofalloftheissuedoutstingCCCStockftheExchangeSharescontemplatedbySection2below.1.5“ExchangeNumber“meansthequotientobtainedbydividing(i)theExchangeShares(asdefinedbelow)by(ii)theCCCFullyDilutedNumber.1.6“Excha

9、ngeShares“meansthetotalnumberofsharesofAAACommonStockaspresentlyconstitutedthatwillbeissuedunderthisAgreementinexchangefallofthesharesofCCCStockthatareissuedoutstingimmediatelypritotheClosingisequaltothenumberofTransacti

10、onSharesminusthenumberofRestraintShares.AgreementDatetheaverageoftheclosingpricespershareofAAACommonStock(inU.S.dollars)asquotedontheNasdaqNationalMarket(suchotherexchangequotationsystemonwhichAAACommonStockisthentradedq

11、uoted)reptedinTheWallStreetJournalftheten(10)tradingdaysendingoninclusiveoftheClosingDate1.19“AAACommonStock“meanstheCommonStock$0.001parvaluepershareofAAA.OthercapitalizedtermsdefinedelsewhereinthisAgreementnotdefinedin

12、thisSection1shallhavethemeaningsassignedtosuchtermsinthisAgreement.2.THEEXCHANGESubjecttothetermsconditionsofthisAgreementattheClosing:(a)theCCCShareholdershallirrevocablyassigntransfertoAAAallofthesharesoftheCCCStock(b)

13、AAAshallissuetotheCCCShareholdertheExchangeShareswith99.5%ofsuchnumberofsharesbeingissuedinexchangeftheCCC_________(PLACENAME)stock0.5%inexchangeftheCCC_________(PLACENAME)Stock(c)AAAshallpaytheCCCShareholderU.S.$_______

14、__incashftheCCC_________(PLACENAME)stockU.S.$_________ftheCCC_________(PLACENAME)stock(d)subjecttotherequirementsofSection2.1.4hereofAAAshallissuetotheRestrainedPersonstheRestraintShares.2.1ExchangeofShares.2.1.1Exchange

15、ofCCCStock.SubjecttosurrenderdeliverytoAAAbytheCCCShareholderoftheapplicableCCCCertificatesattheClosingtheaccompanyingShareTransferFmFmW8theCCCShareholdershallreceiveastockcertificatefitsExchangeShares(lesstheEscrowShare

16、sasdefinedbelow)attheClosing.2.1.2FractionalShares.NofractionalsharesofAAACommonStockshallbeissuedinconnectionwiththeExchange.InsteadAAAshallissueAAACommonStockinanamountroundeduptothenextwholeshare.2.1.3RegistrationRigh

17、ts.EffectiveupontheClosingtheCCCShareholdertheRestrainedPersonsshallbegrantedregistrationrightsundertheSecuritiesActof1933asamended(the“1933Act“)onthetermssubjecttotheconditionslimitationsoftheRegistrationRightsAgreement

18、attachedheretoasExhibit2.1.3(the“RegistrationRightsAgreement“).2.1.4RestraintShares.TheissuanceoftheRestraintSharesshallbesubjectto(i)theavailability(asdeterminedinthereasonablediscretionofAAAitscounsel)ofanexemptionunde

19、rSection4(2)ofthe1933ActRule506promulgatedthereunder(ii)thecompletionbytheRestrainedPersonsofInvestmentRepresentationLetters(asdefinedinSection2.5below)(iii)theperfmancebytheRestrainedPersonsofsuchactionsasAAAmayreasonab

20、lyrequest(includingbutnotlimitedtotheengagementbytheRestrainedPersonsattheirownexpenseofasuitablepurchaserrepresentativeasdefinedinRule502promulgatedunderthe1933Act).IntheeventthatAAAdeterminesinitsreasonablediscretionth