Common use of CONVERSION OF UNPAID INTEREST TO EQUITY Clause in Contracts

CONVERSION OF UNPAID INTEREST TO EQUITY. Holder hereby agrees to convert his accrued but unpaid interest owed under the Original Note to the Maker's common stock at a conversion price of $.25 per share for every one dollar ($1.00) of Back Interest owed to the Holder. The Parties agree that the amount of Unpaid Interest due for purposes of this Agreement is two thousand, three hundred and fourty three ($2,343.43) dollars and forty-three cents.

CONVERSION OF UNPAID INTEREST TO EQUITY. Holder hereby agrees to convert his accrued but unpaid interest owed under the Original Note to the Maker's common stock at a conversion price of $.25 per share for every one dollar ($1.00) of Back Interest owed to the Holder. The Parties agree that the amount of Unpaid Interest due for purposes of this Agreement is two thousand, three one-thousand eight hundred and fourty three sixty ($2,343.431,860.03) dollars and forty-three cents.

CONVERSION OF UNPAID INTEREST TO EQUITY. Holder hereby agrees to convert his accrued but unpaid interest owed under the Original Note to the Maker's common stock at a conversion price of $.25 per share for every one dollar ($1.00) of Back Interest owed to the Holder. The Parties agree that the amount of Unpaid Interest due for purposes of this Agreement is two six thousand, three hundred and fourty seventy three ($2,343.436,373) dollars and forty-three centsdollars.

CONVERSION OF UNPAID INTEREST TO EQUITY. Holder hereby agrees to convert his accrued but unpaid interest owed under the Original Note to the Maker's common stock at a conversion price of $.25 per share for every one dollar ($1.00) of Back Interest owed to the Holder. The Parties agree that the amount of Unpaid Interest due for purposes of this Agreement is two thousand, three eight-thousand eight-hundred and fourty three ($2,343.438,800.00) dollars and forty-three centsdollars.

CONVERSION OF UNPAID INTEREST TO EQUITY. Holder hereby agrees to convert his accrued but unpaid interest owed under the Original Note to the Maker's ’s common stock at a conversion price of $.25 per share for every one dollar ($1.00) of Back Unpaid Interest owed to the Holder. The Parties agree that the amount of Unpaid Interest due for purposes of this Agreement is two thousand, three hundred and fourty three Thirty Nine Thousand Dollars ($2,343.43) dollars and forty-three cents39,000.00).