exhibit

ExchangeAgreement债转股协议【全英文】

ExchangeAgreement债转股协议

THISEXCHANGEAGREEMENT(this(the(sb),anindividual(of

_________(PLACENAME)(_________(PLACENAME)corporation

(ENAME)_________(PLACENAME)aresometimescollectivelyreferredtoas

RECITALS

tiesintendthat,subjecttothetermsandconditionsofthis

Agreement,AAAwillacquire100%oftheissuedandoutstandingsharecapital

ofCCCfromtheCCCShareholderpursuanttothetermsandconditionstforth

hereininexchangeforsharesofAAACommonStock.

eeffectivenessoftheExchange(asdefinedbelow),allthe

issuedandoutstandingsharesofCCCwillbetransferredtoAAAinexchange

forsharesofAAACommonStock.

rentationsandwarrantiesoftheCCCShareholderhereinarea

materialinducementtoAAAtoenterintothisAgreement.

tiesacknowledgethattheExchangewillnotqualifyas,andis

notintendedtoqualifyas,areorganizationunderSection368oftheU.S.

InternalRevenueCodeof1986,asamended(theodeNOW,THEREFORE,the

partiesherebyagreeasfollows:

inthisAgreement,thefollowingterms

willhavethemeaningstforthbelow:

1.11.2

1.3reementomprehensiveCrossCertificationAgreement,dated

_________,_________,_________(M/D/Y),betweenCCCConsulting(Pty)Ltd.

andEntrustTechnologies,Inc.1.4tstandingCCCStockfortheExchange

SharescontemplatedbySection2below.

1.5mbertainedbydividing(i)theExchangeShares(asdefinedbelow)by

(ii)the

CCCFullyDilutedNumber.

1.6

issuedunderthisAgreementinexchangeforallofthesharesofCCCStock

thatareissuedandoutstandingimmediatelypriortotheClosingandiqual

tothenumberofTransactionSharesminusthenumberofRestraintShares.

1.7mberofsharesofAAACommonStock,asprentlyconstituted,that

willbe

issuedunderthisAgreementinexchangefortheNonCompetitionAgreements

describedinSection5.13,inthenumbersandtothepersons(theSharesare

contemplated,asofthedatehereof,toequalapproximately[1%]ofthe

ventthatanyoftheNonCompetitionAgreements

arenotenteredintoandeffectiveasoftheClosing,orintheeventthat

suchRestrainedPersonsshallfailtosatisfytherequirementstforthin

Section2.1.4hereof,theRestraintSharesdesignatedinExhibit9.9with

respecttoeachsuchRestrainedPersonwillbeissuedinsteadtotheCCC

ShareholderasExchangeShares.

1.8

Agreement,theRegistrationRightsAgreement,theShareTransferFormCM

42,beingtheformprescribedby_________(PLACENAME)law(thedocument

(otherthanthisAgreement)towhichtheCCCShareholderistoenterintoasa

partythereto,oristootherwiexecuteanddeliverpursuanttoorin

connectionwiththisAgreement.

1.9ocument(otherthanthisAgreement)

whichCCCistoenterintoasapartythereto,oristootherwiexecute

anddeliver,pursuanttoorinconnectionwiththisAgreement.

1.101.11tedNumbermberthatiqualtothesumofthetotalnumber

ofsharesthatCCC

_________(PLACENAME)Stockthatareissuedandoutstandingimmediately

priortotheClosing.

1.12

areissuedandoutstandingimmediatelypriortotheClosing.

1.13ENAME),

ZAR1,00parvaluepershare,comprisingtheentireissuedcapitalofCCC

_________(PLACENAME),asconstitutedimmediatelypriortotheClosing.

1.14

Stock.

1.15ENAME),

$1.00parvaluepershare,comprisingtheentireissuedcapitalofCCC

_________(PLACENAME),asconstitutedimmediatelypriortotheClosing.

1.16mberofsharesofAAACommonStock,asprentlyconstitutedthat

willbe

issuedunderthisAgreementtotheCCCShareholder,theRestrainedPersons,

andtheEscrowAgent,andiqualtothequotientobtainedbydividing(i)

U.S.$_________by(ii)theAAAAveragePricePerShare.

1.17ocument(otherthanthis

Agreement)whichAAAistoenterintoasapartythereto,oristo

otherwiexecuteanddeliver,pursuanttoorinconnectionwiththis

Agreement.

1.18

dollars)asquotedontheNasdaqNationalMarket(orsuchotherexchange

orquotationsystemonwhichAAACommonStockisthentradedorquoted)and

reportedinTheWallStreetJournalforthetradingdaypriortothe

AgreementDate,or,theaverageoftheclosingpricespershareofAAA

CommonStock(s)asquotedontheNasdaqNationalMarket(or

suchotherexchangeorquotationsystemonwhichAAACommonStockisthen

tradedorquoted)andreportedinTheWallStreetJournalfortheten(10)

tradingdayndingon,andinclusiveof,theClosingDate;

1.19ommonStock,$0.001parvaluepershare,apitalized

terms

definedelwhereinthisAgreementandnotdefinedinthisSection1

shallhavethemeaningsassignedtosuchtermsinthisAgreement.

HANGE

SubjecttothetermsandconditionsofthisAgreement,attheClosing:

(a)theCCCShareholdershallirrevocablyassignandtransfertoAAAall

ofthesharesoftheCCCStock;(b)AAAshallissuetotheCCCShareholderthe

ExchangeShareswith99.5%ofsuchnumberofsharesbeing

issuedinexchangefortheCCC_________(PLACENAME)stockand0.5%in

exchangefortheCCC_________(PLACENAME)Stock;

(c)AAAshallpaytheCCCShareholderU.S.$_________incashfortheCCC

_________(PLACENAME)stock

andU.S.$_________fortheCCC_________(PLACENAME)stock;and

(d)subjecttotherequirementsofSection2.1.4hereof,AAAshallissue

totheRestrainedPersonstheRestraint

Shares.

2.1ExchangeofShares.

ttosurrenderanddeliverytoAAAby

theCCCShareholderofthe

applicableCCCCertificatesattheClosingandtheaccompanyingShare

TransferFormandFormW8,theCCCShareholdershallreceiveastock

certificateforitsExchangeShares(lesstheEscrowShares,asdefinedbelow)

attheClosing.

tionalsharesofAAACommonStockshallbe

issuedinconnectionwiththe

d,AAAshallissueAAACommonStockinanamountrounded

uptothenextwholeshare.

iveupontheClosing,theCCCShareholder

andtheRestrainedPersonsshallbe

grantedregistrationrightsundertheSecuritiesActof1933,asamended

(theandsubjecttotheconditionsandlimitationsoftheRegistrationRights

AgreementattachedheretoasExhibit2.1.3(thehtsAgreement

uanceoftheRestraintSharesshallbe

subjectto(i)theavailability(asdeterminedin

thereasonablediscretionofAAAanditscounl)ofanexemptionunder

Section4(2)ofthe1933ActandRule506promulgatedthereunder,(ii)the

completionbytheRestrainedPersonsofInvestmentReprentationLetters(as

definedinSection2.5below),and(iii)theperformancebytheRestrained

PersonsofsuchactionsasAAAmayreasonablyrequest(including,butnot

limitedto,theengagementbytheRestrainedPersons,attheirownexpen,of

asuitablepurcharreprentative,asdefinedinRule502promulgatedunder

the1933Act).IntheeventthatAAAdetermines,initsreasonablediscretion,

thattheconditionstforthhereinarenotsatisfied,AAAshallnotissue

theRestraint

Shares,butshallinstead,adjustthenumberoftheExchangeSharesand

shallissuesuchadditionalExchangeSharestotheCCCShareholderpursuantto

thetermshereof.

hstandingtheprovisionsof

Section2.1,ifatanytimeaftertheAgreement

DateandpriortotheClosing,AAAorCCCrecapitalizes,eitherthrougha

subdivision(orstocksplit)ofanyofitsissuedandoutstandingsharesinto

agreaternumberofshares,oracombination(orreverstocksplit)ofany

ofitsissuedandoutstandingsharesintoalesrnumberofshares,or

reorganizes,reclassifiesorotherwichangesitsissuedandoutstanding

sharesintothesameoradifferentnumberofsharesofotherclass(other

thanthroughasubdivisionorcombinationofsharesprovidedforinthe

previousclau),ordeclaresadividendonitsissuedandoutstandingshares

payableinsharesorcuritiesconvertibleintosharesofAAACommonStock(a

ChangeintheExchangeshallbeappropriately,equitablyandproportionately

adjusted(asagreedtoinwritingbyAAAandCCCiftheadjustmentforsuch

CapitalChangeinvolvessomethingotherthanamathematicaladjustment)soas

tomaintaintheproportionateinterestsoftheShareholderofCCCandthe

ShareholderofAAAcontemplatedherebysoastomaintaintheproportional

provisionsofthisSectionshallnotapplytoanytransactionnotpermittedto

ventthat

aCapitalChangeaffectingAAACommonStockoccurspriortotheClosing,then

allpricespershareandnumbersofsharesudtocomputetheExchangeNumber

shallbedeemedtohavebeenequitablyadjustedtoreflectsuchCapitalChange

asnecessarytoeffectthepurposandintentofthisSection.

losing,AAAshallwithholdtenpercent(10%)

oftheTransactionShares(the

ShareshaManhattanBankandTrustCompany,ilar

institutionasagreedtoinwritingbytheparties,ascrowagent(the

AgentytheEscrowAgentascurityfortheCCCShareholder's

indemnificationobligationsunderSection11andpursuanttotheprovisionsof

anEscrowAgreement(thereprentedbycertificatesissuedinthenameof

theCCCShareholderandwillbeheldbytheEscrowAgentduringthattime

period(theyconntsto,approveandagreetobepersonallyboundby:(i)

theindemnificationprovisionsofSection11ofthisAgreement;(ii)allof

theterms,conditionsandlimitationsintheEscrowAgreement;and(iii)the

appointmentofBBB(sb)asthereprentativeoftheCCCShareholder(the

eprentativendertheEscrowAgreementandastheattorneyinfactandagent

forandonbehalfoftheCCCShareholderasprovidedintheEscrowAgreement,

andthetakingbytheReprentativeofanyandallactionsandthemakingof

anyandalldecisionsrequiredorpermittedtobetakenbytheReprentative

undertheEscrowAgreement(including,withoutlimitation,theexercibythe

Reprentativeofthepowerto:(i)authorizedeliverytoAAAofEscrowShares

insatisfactionofclaimsbyAAAoranyotherIndemnifiedPerson(asdefined

herein);(ii)agreeto,negotiateandenterintottlementsandcompromis

ofsuchclaims,anddemandarbitrationandcomplywithordersofcourtsand

awardsofarbitratorswithrespecttosuchclaims;(iii)arbitrate,resolve,

ttleorcompromianyclaimforindemnitymadepursuanttoSection11;and

(iv)takeallactionsnecessaryinthejudgmentoftheReprentativeforthe

accomplishmentoftheforegoing).TheReprentativewillhaveunlimited

authorityandpowertoactonbehalfoftheCCCShareholderwithrespectto

theEscrowAgreementandthedisposition,ttlementorotherhandlingofall

claimsgovernedbytheEscrowAgreement,andallrightsorobligationsarising

Shareholderwillbeboundbyallactions

takenbytheReprentativeinconnectionwiththeEscrowAgreement,andAAA

performingthe

functionsspecifiedinthisAgreementandtheEscrowAgreement,the

ReprentativewillnotbeliabletotheCCCShareholderintheabnceof

outofpocketcostsandexpensreasonablyincurredbytheReprentativein

connectionwithactionstakenpursuanttothetermsoftheEscrowAgreement

willbepaidbytheCCCShareholder.

,atanytimeaftertheClosing,theparties

heretoconsiderorareadvidthatanyfurther

instruments,deeds,assignmentsorassurancesarereasonablynecessaryor

desirabletoconsummatetheExchangeortocarryoutthepurposofthis

AgreementatoraftertheClosing,thenAAAandtheCCCShareholdershall

executeanddeliverallsuchproperdeeds,assignments,instrumentsand

assurancesanddoallotherthingsnecessaryordesirabletoconsummatethe

Exchangeandtocarryoutthepurposandintentofthis.

llissuetheExchangeSharesandthe

AAAOptionspursuanttoanexemptionfrom

registrationunderSection4(2)and/orRegulationDpromulgatedunderthe

rentlywithexecutionofthisAgreement,theCCCShareholder

willexecuteanddelivertoAAAanInvestmentReprentationLetterinthe

formofExhibit

2.5hereto(the

t2.6heretotsforthanillustrationofthe

operationoftheprovisionsofSection2ofthisAgreement

regardingtheexchangeofsharesofCCCStockintheExchange,andthe

issuanceoftheRestraintSharesandtheEscrowShares.

ENTATIONSANDWARRANTIESOFTHECCCSHAREHOLDER

TheCCCShareholderherebyreprentsandwarrantstoAAAthateachofthe

followingreprentationsandstatementsinthisSection3aretrueand

correct.

companydulyorganized,

validlyexistingandingoodstandingunderthe

lawsof_________(PLACENAME).CCChasthecorporatepowerandauthorityto

own,operateandleaitspropertiesandtocarryonitsbusinessasnow

conductedandaspropodtobeconducted,andisdulyqualifiedtotransact

businessasaforeigncorporationineachjurisdictioninwhichitsfailureto

inthis

Agreement,thetermverEffecttoCCC(eitheraloneorcollectivelywith

allCCCSubsidiaries,asdefinedbelow),meansanyevent,changeoreffect

thatis(orwillwiththepassageoftimebe)materiallyadvertoCCC's

condition(financialorotherwi),properties,asts,liabilities,business,

operations,orresultsofoperations,itbeingunderstoodthatnoneofthe

followingshallbedeemedbyitlforbythemlves,eitheraloneorin

combination,toconstituteaMaterialAdverEffect:(a)anyeffectarising

outoforresultingfromactionscontemplatedbythepartiesinconnection

withtheannouncementofthisAgreementandthetransactionscontemplated

hereby,or(b)theterminationoftheEntrustAgreementbyEntrust.3.2Power,

AuthorizationandValidity.

3.2.1TheCCCShareholderhastheright,power,legalcapacityand

authoritytoenterinto,execute,deliverand

performsuchCCCShareholder'sobligationsunderthisAgreementandall

ShareholderAncillaryAgreementsandhastherequisitepowerandauthorityto

consummatetheExchange,ineachca,subjectonlytotheregulatoryapproval

tforthinSection3.2.2.

3.2.2Nofiling,authorization,connt,approvalororder,governmental

orotherwi,requiredby

_________(PLACENAME)Lawisnecessaryorrequiredtobemadeorobtained

bytheCCC

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