SEC Contract Filing

Filing Date: 2016-06-07

Document Content:
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>8
<FILENAME>exhibit104formofseriescsecur.htm
<DESCRIPTION>SECURITIES EXCHANGE AGREEMENT
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<TITLE>Exhibit 10.4</TITLE>
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<P style="margin:0px; font-size:12pt" align=justify><B>Exhibit 10.4</B></P>
<P style="margin:0px; font-family:'Times New Roman Bold,Times New Roman'; font-size:12pt" align=center><B>SECURITIES EXCHANGE AGREEMENT</B></P>
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<P style="margin:0px; padding-left:24px; font-size:12pt" align=justify><B>This Agreement </B>made effective as of the 2nd day of June 2016 (the &#147;Agreement&#148;).</P>
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<P style="margin:0px; padding-left:24px; font-size:12pt" align=justify><B>BETWEEN:</B></P>
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<P style="margin:0px; padding-left:96px; font-size:12pt"><B>[Name of Investor] </B>&nbsp;having an address at [address of Investor] (hereinafter called &quot;HOLDER&quot;)</P>
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<P style="margin:0px; padding-left:96px; font-size:12pt" align=justify>-and-</P>
<P style="margin:0px; padding-left:96px; font-size:12pt" align=justify><B>Validian Corporation</B>, a corporation under the laws of the State </P>
<P style="margin:0px; padding-left:96px; font-size:12pt">of Nevada; (hereinafter called the &quot;Company&quot;)</P>
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<P style="margin:0px; padding-left:24px; font-size:12pt" align=justify><B>Whereas:</B> HOLDER owns a number of 10% Senior Convertible Notes (the &quot;Notes&quot;) &nbsp;with a total principal of [Insert Amount] U.S. dollars ($__________ U.S.) plus accrued interest (the &quot; Debt&quot;), as listed in <U>Schedule A</U> to this Agreement. </P>
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<P style="margin:0px; padding-left:24px; font-size:12pt" align=justify><B>And Whereas: </B>HOLDER wants to exchange the Notes and the Debt for Series C Convertible Preferred Shares of the Company, the terms of which are contained in the Series C Convertible Preferred Share Certificate of Designation (&quot;the &quot;Certificate&quot;) as attached in <U>Schedule B</U> to this Agreement; &nbsp;</P>
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<P style="margin:0px; padding-left:24px; font-size:12pt" align=justify><B>Now Therefore</B> in consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties agree as follows:</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:24px; font-size:12pt; float:left"><B><U>1</U></B></P>
<P style="margin:0px; padding-left:24px; text-indent:-2px; font-size:12pt" align=justify><B><U>Recitals</U> &nbsp;</B>The recitals are incorporated into and form a part of this agreement.</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:24px; font-size:12pt; float:left"><B><U>2</U></B></P>
<P style="margin:0px; padding-left:24px; text-indent:-2px; font-size:12pt" align=justify><B><U>Exchange</U></B> HOLDER hereby assigns, transfers and conveys all of its right, title and interest in all of the Notes and Debt to the Company which are hereby redeemed in full by the Company in exchange for the Company issuing [# of] Series C Convertible Preferred Shares (the &quot;Shares&quot;) with a Stated Value, as defined in the Certificate, of [Insert Amount] U.S. dollars ($______________ U.S.).</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:24px; font-size:12pt; float:left"><B><U>3</U></B></P>
<P style="margin:0px; padding-left:24px; text-indent:-2px; font-size:12pt" align=justify><B><U>Representations of Holder</U>.</B> &nbsp;HOLDER hereby represents and warrants to the Company that:</P>
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<P style="margin-top:0px; margin-bottom:-2px; text-indent:48px; width:96px; font-size:12pt; float:left">(a)</P>
<P style="margin:0px; padding-left:96px; text-indent:-2px; font-size:12pt" align=justify>The Agreement, upon execution by HOLDER, will be the legal, valid and binding obligation of HOLDER, enforceable in accordance with its terms, except that such enforcement (i) may be limited by bankruptcy, insolvency, moratorium or similar laws affecting creditors' rights generally and (ii) is subject to the availability of equitable remedies, as determined in the discretion of the court before which such a proceeding may be brought.</P>
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<P style="margin:0px" align=center>1</P>
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<P style="margin-top:0px; margin-bottom:-2px; text-indent:48px; width:96px; font-size:12pt; float:left">(b)</P>
<P style="margin:0px; padding-left:96px; text-indent:-2px; font-size:12pt" align=justify>HOLDER owns all of the Notes and Debt free and clear of all encumbrances; </P>
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<P style="margin-top:0px; margin-bottom:-2px; text-indent:48px; width:96px; font-size:12pt; float:left">(c)</P>
<P style="margin:0px; padding-left:96px; text-indent:-2px; font-size:12pt" align=justify>HOLDER has not conveyed, transferred or assigned any portion of the Notes or Debt to any third party, and has the full right, power and authority to enter into this Agreement and to transfer the Notes and Debt to Company. </P>
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