Conversion of the Notes into Common Stock Sample Clauses

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