Exchange

ExchangeAgreement债转股协议
THISEXCHANGEAGREEMENT(this”Agreement")ismadeandenteredintoasof_________,_________,_________(M/D/Y)(the"AgreementDate”)byandbetweenAAA,INC。,a_________(PLACENAME)corporation(”AAA”),andBBB(sb),anindividual(”CCCShareholder"),whoisthesoleshareholderofCCCLTD。,acorporationorganizedandexistingunderthelawsof_________(PLACENAME)(”CCC_________(PLACENAME)"),andCCC[_________(PLACENAME)],Inc。,a_________(PLACENAME)corporation(”CCC_________(PLACENAME)”)(CCC_________(PLACENAME)andCCC_________(PLACENAME)aresometimescollectivelyreferredtoas”CCC”).
RECITALS
A。Thepartiesintendthat,subjecttothetermsandconditionsofthisAgreement,AAAwillacquire100%oftheissuedandoutstandingsharecapitalofCCCfromtheCCCShareholderpursuanttothetermsandconditionstforthhereininexchangeforsharesofAAACommonStock。
B。UpontheeffectivenessoftheExchange(asdefinedbelow),alltheissuedandoutstandingsharesofCCCwillbetransferredtoAAAinexchangeforsharesofAAACommonStock。
C.ThereprentationsandwarrantiesoftheCCCShareholderhereinareamaterialinducementtoAAAtoenterintothisAgreement。
D。ThepartiesacknowledgethattheExchangewillnotqualifyas,andisnotintendedtoqualifyas,areorganizationunderSection368oftheU。S。InternalRevenueCodeof1986,asamended(the"Code”)。(精品文档请下载)
NOW,THEREFORE,thepartiesherebyagreeasfollows:(精品文档请下载)
1。CERTAINDEFINITIONS.AsudinthisAgreement,thefollowingtermswillhavethemeaningstforthbelow:(精品文档请下载)
1。1”Closing”isdefinedinSection7。1。
1。2”ClosingDate”isdefinedinSection7.1。
1。3"EntrustAgreement"meansthatcertainComprehensiveCrossCertificationAgreement,dated_________,_________,_________(M/D/Y),betweenCCCConsulting(Pty)Ltd。andEntrustTechnologies,Inc。(精品文档请下载)
1。4”Exchange"means,collectively,theexchangeofalloftheissuedandoutstandingCCCStockfortheExchangeSharescontemplatedbySection2below。(精品文档请下载)
1.5”ExchangeNumber”meansthequotientobtainedbydividing(i)theExchangeShares(asdefinedbelow)by(ii)theCCCFullyDilutedNumber。(精品文档请下载)
1。6"ExchangeShares"meansthetotalnumberofsharesofAAACommonStock,asprentlyconstituted,thatwillbeissuedunderthisAgreementinexchangeforallofthesharesofCCCStockthatareissuedandoutstandingimmediatelypriortotheClosingandiqualtothenumberofTransactionSharesminusthenumberofRestraintShares。
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1.7”RestraintShares"meansthetotalnumberofsharesofAAACommonStock,asprentlyconstituted,thatwillbeissuedunderthisAgreementinexchangefortheNonCompetitionAgreementsdescribedinSection5。13,inthenumbersandtothepersons(the”RestrainedPersons”)tforthinExhibit9.9hereto,whichnumberofRestraintSharesarecontemplated,asofthedatehereof,toequalapproximately[1%]oftheTransactionShares。IntheeventthatanyoftheNonCompetitionAgreementsarenotenteredintoandeffectiveasoftheClosing,orintheeventthatsuchRestrainedPersonsshallfailtosatisfytherequirementstforthinSection2。1。4hereof,theRestraintSharesdesignatedinExhibit9。9withrespecttoeachsuchRestrainedPersonwillbeissuedinsteadtotheCCCShareholderasExchangeShares.(精品文档请下载)
1。8"ShareholderAncillaryAgreements”means,collectivelytheInvestmentReprentationLetter,theEscrowAgreement,theRegistrationRightsAgreement,theShareTransferFormCM42,beingtheformprescribedby_________(PLACENAME)law(the"ShareTransferForm"),FormW8andeachotheragreement,certificateordocument(otherthanthisAgreement)towhichtheCCCShareholderistoenterintoasapartythereto,oristootherwiexecuteanddeliverpursuanttoorinconnectionwiththisAgreement.(精品文档请下载)
1。9”CCCAncillaryAgreements”means,collectively,eachagreement,certificateordocument(otherthanthisAgreement)whichCCCistoenterintoasapartythereto,oristootherwiexecuteanddeliver,pursuanttoorinconnectionwiththisAgreement。(精品文档请下载)
1。10"CCCCertificates”meansthesharecertificatesreprentingalltheCCCShareholder’ssharesofCCCStock.
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1。11”CCCFullyDilutedNumber”meansthatnumberthatiqualtothesumofthetotalnumberofsharesthatCCC_________(PLACENAME)StockthatareissuedandoutstandingimmediatelypriortotheClosing.(精品文档请下载)
1。12”CCCShareholder”meansBBB(sb)who,immediatelypriortotheClosing,holdsallthesharesofCCCStockthatareissuedandoutstandingimmediatelypriortotheClosing.(精品文档请下载)
1。13”CCC_________(PLACENAME)Stock”meanssharesinthesharecapitalofCCC_________(PLACENAME),ZAR1,00parvaluepershare,comprisingtheentireissuedcapitalofCCC_________(PLACENAME),asconstitutedimmediatelypriortotheClosing。(精品文档请下载)
1.14”CCCStock”meanstheCCC_________(PLACENAME)StocktogetherwiththeCCC_________(PLACENAME)Stock。(精品文档请下载)
1。15”CCC_________(PLACENAME)Stock"meanssharesinthesharecapitalofCCC_________(PLACENAME),$1。00parvaluepershare,comprisingtheentireissuedcapitalofCCC_________(PLACENAME),asconstitutedimmediatelypriortotheClosing.(精品文档请下载)
1.16"TransactionShares”meansthetotalnumberofsharesofAAACommonStock,asprentlyconstitutedthatwillbeissuedunderthisAgreementtotheCCCShareholder,theRestrainedPersons,andtheEscrowAgent,andiqualtothequotientobtainedbydividing(i)U。S。$_________by(ii)theAAAAveragePricePerShare。(精品文档请下载)
1。17”AAAAncillaryAgreements"means,collectively,eachagreement,certificateordocument(otherthanthisAgreement)whichAAAistoenterintoasapartythereto,oristootherwiexecuteanddeliver,pursuanttoorinconnectionwiththisAgreement。
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1.18”AAAAveragePricePerShare”meanstheloweroftheclosingpricepershareofAAACommonStock(inU。S。dollars)asquotedontheNasdaqNationalMarket(orsuchotherexchangeorquotationsystemonwhichAAACommonStockisthentradedorquoted)andreportedinTheWallStreetJournalforthetradingdaypriortotheAgreementDate,or,theaverageoftheclosingpricespershareofAAACommonStock(inU。S。dollars)asquotedontheNasdaqNationalMarket(orsuchotherexchangeorquotationsystemonwhichAAACommonStockisthentradedorquoted)andreportedinTheWallStreetJournalfortheten(10)tradingdayndingon,andinclusiveof,theClosingDate;(精品文档请下载)
1。19”AAACommonStock”meanstheCommonStock,$0.001parvaluepershare,ofAAA.OthercapitalizedtermsdefinedelwhereinthisAgreementandnotdefinedinthisSection1shallhavethemeaningsassignedtosuchtermsinthisAgreement。
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2。THEEXCHANGE
SubjecttothetermsandconditionsofthisAgreement,attheClosing:(精品文档请下载)
(a)theCCCShareholdershallirrevocablyassignandtransfertoAAAallofthesharesoftheCCCStock;(精品文档请下载)
(b)AAAshallissuetotheCCCShareholdertheExchangeShareswith99。5%ofsuchnumberofsharesbeingissuedinexchangefortheCCC_________(PLACENAME)stockand0。5%inexchangefortheCCC_________(PLACENAME)Stock;(精品文档请下载)
(c)AAAshallpaytheCCCShareholderU.S.$_________incashfortheCCC_________(PLACENAME)stockandU。S。$_________fortheCCC_________(PLACENAME)stock;and(精品文档请下载)