Amendment to Note Conversion Option Agreement Clause Samples

Amendment to Note Conversion Option Agreement. The Note Conversion Option Agreement is further amended as follows: a. Section 3.01(a) of the Agreement is hereby amended by deleting Section 3.01(a) in its entirety and by substituting the following in place thereof: (a) At any time after the Conversion Threshold Date (as defined below) and prior to the indefeasible repayment of the Obligations in full, Lender shall have the right at any time to convert up to $5.0 million of the principal balance of the Loan into Common Stock (the “Conversion Shares”) at the Conversion Price (as defined below).