Common use of Alternative Payment Stake Clause in Contracts

Alternative Payment Stake. In the event the Maturity Date is extended due to non payment during the Cash Repayment Period, the Holder will have the option, not-withstanding the limitations outlined in Section Six, but not the obligation, at anytime after August 4, 2020 to have the Note satisfied by converting the outstanding value into an eight and one half percent (0.085) fully diluted ownership position in the Company in an Alternative Payment Stake or a percentage of the outstanding value into a prorated amount of the outstanding value into a prorated amount in into a prorated eight and one half (8.5%) fully diluted ownership position in the Company. Upon receiving the Alternative Payment Stake, the Long Term Compensation Noteholder will forgive the accumulated interest amount and this forgiven interest will not factor into any conversion calculation.

Alternative Payment Stake. In the event the Maturity Date is extended due to non payment during the Cash Repayment Period, the Holder will have the option, not-withstanding not -withstanding the limitations outlined in Section Six, but not the obligation, at anytime after August 4, 2020 to have the Note satisfied by converting the outstanding value into an eight and one half percent a 6.75% (0.0850.0675) fully diluted ownership position in the Company in an Alternative Payment Stake or a percentage of the outstanding value into a prorated amount of the outstanding value into a prorated amount in into a prorated eight and one half 6.75% (8.5%0.0675) fully diluted ownership position in the Company. Upon receiving the Alternative Payment Stake, the Long Term Compensation Acquisition Noteholder will forgive the accumulated interest amount and this forgiven interest will not factor into any conversion calculation.

Alternative Payment Stake. In the event the Maturity Date is extended due to non non-payment during the Cash Repayment Period, the Holder will have the option, not-withstanding not -withstanding the limitations outlined in Section Six, but not the obligation, at anytime any time after August 4, 2020 to have the Note satisfied by converting the outstanding value Value into an eight and one half percent a 6.75% (0.0850.0675) fully diluted ownership position in the Company in an Alternative Payment Stake or a percentage of the outstanding value into a prorated amount of the outstanding value into a prorated amount in into a prorated eight and one half 6.75% (8.5%0.0675) fully diluted ownership position in the Company. Upon receiving the Alternative Alterative Payment Stake, the Long Term Compensation Acquisition Noteholder will forgive the accumulated interest amount and this forgiven interest will not factor into any conversion calculation.