Condition to Conversion. Notwithstanding anything to the contrary in this Note, the conversion of all or any portion of this Note is subject to and conditioned upon the Company obtaining prior approval of the Company’s shareholders for the issuance of the shares of Common Stock upon conversion of this Note, if and to the extent required by New York Business Corporation Law Section 912 (Requirements relating to certain business combinations) (the “BCL 912 Shareholder Approval”), and this Note shall not be convertible in whole or in part unless and until such BCL Shareholder Approval is obtained.
Appears in 8 contracts
Samples: Convertible Security Agreement (Mobiquity Technologies, Inc.), Convertible Security Agreement (Mobiquity Technologies, Inc.), Convertible Security Agreement (Mobiquity Technologies, Inc.)
