{"id":41006,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/equity-for-debt-exchange-agreement-exodus-communications-inc.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"equity-for-debt-exchange-agreement-exodus-communications-inc","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/finance\/equity-for-debt-exchange-agreement-exodus-communications-inc.html","title":{"rendered":"Equity-For-Debt Exchange Agreement &#8211; Exodus Communications Inc. and CRT Capital Group LLC"},"content":{"rendered":"<pre>\n                       Equity-For-Debt Exchange Agreement\n\n        This Equity-For-Debt Exchange Agreement (this \"Agreement\"), dated as of\nAugust 24, 2001, is entered into between Exodus Communications, Inc. (the\n\"Company\") and CRT Capital Group LLC (\"CRT\") which is a party hereto (the\n\"Noteholder\").\n\n        Recitals: The Noteholder and the Company have agreed to an exchange of\n        --------\n$50,000,000 principal amount of the 5.25% subordinated convertible notes due\n2\/15\/08 of the Company plus accrued unpaid interest thereon (the \"Notes\") for\n7,800,000 shares of common stock of the Company, on the terms and conditions\ncontained in this Agreement. In consideration of the premises and the\nagreements and representations contained herein, the parties hereto agree\nas follows:\n\n        A.  Exchange.  On August 27, 2001 (or within 48 hours thereof if the\n            --------\ntransaction cannot be consummated on the 17th), (A) Noteholder will deliver or\ncause to be delivered the Notes together with appropriate transfer documents\nexecuted in blank to the Company or deliver or cause to be delivered the Notes\nto an account of the trustee for the Notes for the benefit of the Company as\nrequested by the Company, and (B) the Company will cause to be issued to the\nNoteholder 7,800,000 shares of common stock of the Company (the \"Shares\") in the\nname of the Noteholder or in the name of a custodian or nominee of the\nNoteholder as requested by the Noteholder in exchange for the Notes plus all\nclaims arising out of or relating to the Notes, including, but not limited to,\nany accrued but unpaid interest thereon.\n\n        B.  Representations, Warranties and Covenants.\n            ----------------------------------------\n\n        (1) The Company represents and warrants to Noteholder that: (A) the\nShares will, when issued, be validly issued, fully paid and nonassessable;\n(B) the Shares are not subject to any restrictions on transfer under the\nSecurities Act of 1933 (as amended), by virtue of the exemption contained in\nSection 3 (a) (9) thereof, or to restrictions on transfer under any other law\nof general applicability; (C) the issuance and delivery of the Shares to\nNoteholder will not violate: (i) the Company's charter documents; (ii) assuming\nthe accuracy of Noteholder's representations and warranties herein, any\nagreement to which the Company is a party, including any indenture; or (iii) any\napplicable federal or state statute, rule or regulation; and (D) the Company has\nall requisite power and authority to enter into this agreement and perform its\nobligations hereunder.\n\n        (2) Noteholder represents and warrants to the Company that Noteholder\nwill convey to the Company hereunder good title to the Notes, free of liens,\nclaims and encumbrances.\n\n        C.  Governing Law. The laws of the State of California shall govern this\n            -------------\nAgreement without giving effect to the conflict of law rules contained therein.\n\n        IN WITNESS WHEREOF, the parties have caused this Equity-For-Debt\nExchange Agreement to be duly executed as of the date first written above.\n\nCRT CAPITAL GROUP LLC                           EXODUS COMMUNICATIONS, INC\n\nBy:  \/s\/ C.M. Vaughn, Jr.                       By:  \/s\/ William Austin\n   ---------------------------                     -----------------------------\nName:  C.M. Vaughn, Jr.                         Name:  William Austin\nTitle: Managing Member                          Title: CFO\n\n<\/pre>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[7490],"corporate_contracts_industries":[9513],"corporate_contracts_types":[9563,9560],"class_list":["post-41006","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-exodus-communications-inc","corporate_contracts_industries-technology__software","corporate_contracts_types-finance__exchange","corporate_contracts_types-finance"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/41006","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts"}],"about":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/corporate_contracts"}],"wp:attachment":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=41006"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=41006"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=41006"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=41006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}