Lima Arizona Subscription Agreement Exchange is a legal arrangement between ID Recap, Inc. and an investor for the purpose of exchanging company shares. This agreement outlines the terms and conditions under which the investor will receive the shares in exchange for their investment. The Lima Arizona Subscription Agreement Exchange typically includes the following key terms: 1. Parties involved: The agreement identifies ID Recap, Inc. as the company offering the shares and the investor as the party interested in acquiring the shares. 2. Share exchange details: The agreement outlines the number of shares being exchanged and the price or value attributed to each share. It also specifies any additional consideration involved, such as cash, assets, or liabilities. 3. Investor representation and warranties: The investor typically provides statements and assurances regarding their legal capacity to enter into the exchange, as well as the compliance with all applicable laws and regulations. 4. Conditions to completion: This section specifies any conditions that need to be fulfilled before the share exchange can be completed. These conditions may include regulatory approvals, shareholder consents, or satisfactory due diligence. 5. Representations and warranties by ID Recap, Inc.: The company typically makes various representations and warranties regarding its ownership of the shares, their compliance with laws, absence of restrictions, and financial statements' accuracy. 6. Indemnification: The agreement addresses the allocation of risks between the parties by including provisions for indemnification in case of any breach of representations and warranties or non-compliance with the agreement. 7. Governing law and dispute resolution: This section establishes the jurisdiction in which the agreement will be governed and how any disputes will be resolved, typically through arbitration or litigation. Some specific types of Lima Arizona Subscription Agreement Exchanges may include: — Common Stock Subscription Agreement Exchange: This agreement involves the exchange of common shares in ID Recap, Inc. between the company and the investor. — Preferred Stock Subscription Agreement Exchange: In this case, the exchange of shares is specifically focused on preferred stock, which may have different rights and privileges compared to common stock. — Convertible Note Subscription Agreement Exchange: If the investor initially provided funding to the company through convertible notes, this agreement would govern the exchange of those notes for equity shares. Overall, the Lima Arizona Subscription Agreement Exchange plays a pivotal role in legally documenting and facilitating the exchange of company shares between ID Recap, Inc. and the investor, ensuring clarity and protection for both parties involved.