Common use of Conversion of the Note into Common Stock Clause in Contracts

Conversion of the Note into Common Stock. Upon the terms and subject to the conditions of this Agreement, upon the Effective Date, the Investor shall surrender the Note to the Company for cancellation and promptly after receipt of such Note, the Company shall issue to the Investor two million dollars worth of shares of the common stock of the Company calculated as set forth in Section 1.3 below (the “Conversion Stock”).

Conversion of the Note into Common Stock. Upon the terms and subject to the conditions of this Agreement, upon the Effective Date, the Investor shall surrender the Note to the Company for cancellation and promptly after receipt of such Note, the Company shall issue to the Investor two one million six hundred thousand dollars worth of shares of the common stock of the Company calculated as set forth in Section 1.3 below (the “Conversion Stock”).

Conversion of the Note into Common Stock. Upon the terms and subject to the conditions of this Agreement, upon the Effective Date, the Investor Investors shall surrender the Note Notes to the Company for cancellation and promptly after receipt of such NoteNotes, the Company shall issue to the Investor two Investors seven million eighty nine thousand three hundred twelve dollars worth of shares of the common stock of the Company calculated as set forth in Section 1.3 below (the “Conversion Stock”).

Conversion of the Note into Common Stock. Upon the terms and subject to the conditions of this Agreement, upon the Effective Date, the Investor shall surrender the Note to the Company for cancellation and promptly after receipt of such Note, the Company shall issue to the Investor two million nine hundred thousand dollars worth of shares of the common stock of the Company calculated as set forth in Section 1.3 below (the “Conversion Stock”).