Amendments to Note. a) As of the Effective Date, Section 4(a) of the Note is hereby deleted in its entirety and replaced with the following: (a) The principal and unpaid accrued interest of this Note will be automatically converted into Equity Securities on the Effective Date. “Effective Date” shall mean October [ ], 2019. The number of Equity Securities to be issued upon such conversion shall be equal to the quotient obtained by dividing the outstanding principal and unpaid accrued interest due on this Note on the date of conversion, by the Conversion Price. “Conversion Price” shall mean $0.51.”
Appears in 3 contracts
Samples: Unsecured Convertible Note and Warrant Issuance Agreement (Cool Holdings, Inc.), Unsecured Convertible Note and Warrant Issuance Agreement (Cool Holdings, Inc.), Unsecured Convertible Note and Common Stock Purchase Warrant Amendment (Cool Holdings, Inc.)
Amendments to Note. a) As of the Effective Date, Section 4(a3(a) of the Note is hereby deleted in its entirety and replaced with the following:
(a) The principal and unpaid accrued interest of this Note will be automatically converted into Equity Securities on the Effective Date. “Effective Date” shall mean October [ ], 2019. The number of Equity Securities to be issued upon such conversion shall be equal to the quotient obtained by dividing the outstanding principal and unpaid accrued interest due on this Note on the date of conversion, by the Conversion Price. “Conversion Price” shall mean $0.51.”
Appears in 2 contracts
Samples: Unsecured Convertible Note and Common Stock Purchase Warrant (Cool Holdings, Inc.), Unsecured Convertible Note and Common Stock Purchase Warrant Amendment (Cool Holdings, Inc.)
Amendments to Note. a) As of the Effective Date, Section 4(a3(a) of the Note is hereby deleted in its entirety and replaced with the following:
(a) The principal and unpaid accrued interest of this Note will be automatically converted into the common stock of the Company (the “Equity Securities Securities”) on the Effective Date. “Effective Date” shall mean October [ ], 2019. The number of Equity Securities to be issued upon such conversion shall be equal to the quotient obtained by dividing the outstanding principal and unpaid accrued interest due on this Note on the date of conversion, by the Conversion Price. “Conversion Price” shall mean $0.51.”
Appears in 1 contract
Samples: Unsecured Convertible Note and Common Stock Purchase Warrant Amendment (Cool Holdings, Inc.)
Amendments to Note. a) As of the Effective Date, Section 4(a) of the Note 1.2.1 is hereby deleted amended and restated in its entirety and replaced with the followingshall read as follows:
(a) 1.2.1 The principal and unpaid accrued interest of this Note will be automatically converted into the common stock of the Company (the “Equity Securities Securities”) on the Effective Date. “Effective Date” shall mean October [ ], 2019. The number of Equity Securities to be issued upon such conversion shall be equal to the quotient obtained by dividing the outstanding principal and unpaid accrued interest due on this Note on the date of conversion, by the Conversion Price. “Conversion Price” shall mean $0.51.”
Appears in 1 contract
Samples: Unsecured Promissory Note and Warrant Issuance Agreement (Cool Holdings, Inc.)
Amendments to Note. a) As of the Effective Date, Section 4(a3(a) of the Note is hereby deleted in its entirety and replaced with the following:
(a) The principal and unpaid accrued interest of this Note will be automatically converted into the common stock of the Borrower (the “Equity Securities Securities”) on the Effective Date. “Effective Date” shall mean October [ ]18, 2019. The number of Equity Securities to be issued upon such conversion shall be equal to the quotient obtained by dividing the outstanding principal and unpaid accrued interest due on this Note on the date of conversion, by the Conversion Price. “Conversion Price” shall mean $0.51.”
Appears in 1 contract
Samples: Unsecured Convertible Note and Common Stock Purchase Warrant Amendment (Cool Holdings, Inc.)
