Common use of Conversion of Indebtedness Clause in Contracts

Conversion of Indebtedness. The Indebtedness shall be, and hereby is, converted to 10,000,000 shares of the Company’s Series B Voting Preferred Stock (the “Shares”).

Appears in 2 contracts

Samples: Pleasant Kids, Inc., Pleasant Kids, Inc.

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Conversion of Indebtedness. The Indebtedness shall be, and hereby is, converted to 10,000,000 1,000 shares of the Company’s Series B Voting Preferred Stock (the “Shares”).

Appears in 2 contracts

Samples: Voting Preferred Stock (Source Gold Corp.), Voting Preferred Stock (MICROELECTRONICS TECHNOLOGY Co)

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Conversion of Indebtedness. The Indebtedness shall be, and hereby is, converted to 10,000,000 into 1,000 shares of the Company’s Series B Voting Preferred Stock (the “Shares”).

Appears in 1 contract

Samples: Agreement (Grid Petroleum Corp.)

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