Amendment to Conversion Price. The Conversion Price as such term is defined in each of the Notes shall be amended to the fixed price of $0.115.
Amendment to Conversion Price. The Conversion Price, as defined under the Note, shall be fixed at $0.20.
Amendment to Conversion Price. (a) Section 1(c) of each Note shall be deleted in its entirety and the following shall be inserted in lieu thereof:
Amendment to Conversion Price. Pursuant to Section 4.14 of the Indenture, the Indenture and the Notes, including but not limited to Section 9 of the Notes, are hereby amended in all respects necessary so that the Holder of a Note, from and after the expiration of the notice period set forth in Section 4.14 of the Indenture, on the terms and subject to the conditions set forth in the Indenture, shall have the right, at such Holder’s option, to convert each $1,000 principal amount of the Notes into fully paid and nonassessable shares of Common Stock at a Conversion Price equal to $7.01, as such Conversion Price may be further adjusted pursuant to the terms of the Indenture. The Company will deliver the notice required by Section 4.14 of the Indenture promptly but in no event later than three Business Day from April 9, 2007.
Amendment to Conversion Price. The definition of “Conversion Price” under the Note shall be amended and restated in its entirety to read as follows:
Amendment to Conversion Price. The Holder and the Company hereby agree to reduce the Conversion Price of the Debentures to $0.06, subject to adjustment therein. As such, Section 4(b) of the Debentures is hereby amended and restated in its entirety to read as follows:
Amendment to Conversion Price. Immediately prior to the consummation of the transactions contemplated hereunder, the Conversion Price shall be reduced to equal $0.28, subject to adjustment pursuant to the terms of the Debentures.
Amendment to Conversion Price. Section 5(a) of the Note is hereby amended in its entirety as follows: “Prior to the Maturity Date or prepayment of the Loan, if Borrower consummates an Equity Financing (as defined in paragraph 5(b)), Lender may, at its sole discretion, elect to convert all or any portion of the then-outstanding Loan Balance into the same type of shares of capital stock issued by Borrower (the “Equity Securities”) in the Equity Financing that occurred immediately prior to the conversion election at a price per share equal to the average price per share paid by investors in such Equity Financing. All such shares of Equity Securities shall be subject to the same terms as the other investors purchasing such Equity Securities in the Equity Financing. In the event of the conversion of this Note into Equity Securities pursuant to this paragraph 5: (i) Lender agrees to surrender this Note for conversion and cancellation and to execute all Equity Securities documents in connection with the conversion of this Note and the issuance of the shares of Equity Securities as may be reasonably requested by Borrower, including, but not limited to, the execution of such subscription, investor rights, co-sale, voting or shareholder agreements executed by investors in an Equity Financing; and (ii) Borrower shall pay to Lender, upon Lender’s request, cash in an amount equal to that portion of the then-outstanding Loan Balance, if any, that would otherwise convert into a fractional share of Equity Securities pursuant to this paragraph 5.”
Amendment to Conversion Price. Reduce the “Conversion Price” (as such term is defined in the Existing Notes) from $.12 to $.09 per share of Common Stock.
Amendment to Conversion Price. Section 4(b) of the Debentures is hereby deleted in its entirety and replaced with the following:
