Conversion Exercise Clause Samples

Conversion Exercise. The undersigned hereby elects irrevocably to exercise its right to convert Units pursuant to Section 2.4 of the within Purchase Option by surrender of the unexercised portion of the attached Purchase Option (with a “Value” of $ ; a “Current Market Value” of $ ; and a “Current Market Price” of $ ). Please issue that number of securities comprising the Units (as determined in accordance with Section 2.4 of the Purchase Option) in accordance with the instructions given below. Signature Signature Guaranteed NOTICE: THE SIGNATURE TO THIS FORM MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THE WITHIN PURCHASE OPTION IN EVERY PARTICULAR WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATSOEVER, AND MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (AS THAT TERM IS DEFINED IN RULE 17AD-15 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED). Name: ______________________________________________________________________________________ Address: ____________________________________________________________________________________ Symmetry Holdings Inc. [address] Date:________________, 200__ Payment Exercise: The undersigned hereby elects irrevocably to exercise [all] [a portion of] the Warrants and to purchase shares of Common Stock of Symmetry Holdings Inc. and hereby makes payment of $ (at the rate of $5.50 per share) in payment of the Warrant Exercise Price pursuant thereto. Please issue the shares of Common Stock as to which the Warrants are exercised in accordance with the instructions given below.

Conversion Exercise. (i) The Company will permit the Purchaser to exercise its right to convert the Debentures by telecopying or delivering an executed and completed Notice of Conversion to the Company with a copy to the transfer agent and delivering, within five (5) business days thereafter, the original Debentures being converted to the Company by express courier, .

Conversion Exercise. As an alternative to payment in the manner provided in paragraph (1)(A) above, the Holder may, in lieu of payment of such Exercise Price, elect not to receive all of such Warrant Shares but only to receive that number of such Warrant Shares as shall be determined in accordance with the following formula: X = Y*(A-B) A Where:

Conversion Exercise. From time to time on or prior to the Maturity Date, the Holder will have the right, at the Holder’s option, to convert the outstanding principal and accrued but unpaid interest due under this Note, in whole or in part, into shares of Common Stock. The exercise price for the shares of Common Stock issuable pursuant to this Section 5 (collectively, the “Conversion Shares”) will be $1.00 per share (as it may be adjusted pursuant to Section 5.d., the “Exercise Price”).

Conversion Exercise. The conversion price of the Convertible Preferred Stock purchased pursuant to the warrant shall be 120% of the conversion price of the Surviving Company Shares and the exercise price of the Warrants purchased pursuant to the warrant shall be 120% of the exercise price of the Surviving Company Warrants.