Common use of Conversion Option Clause in Contracts

Conversion Option. At any time and from time to time on or after the Issuance Date, this Note shall be convertible (in whole or in part), at the option of the Holder (the “Conversion Option”), into such number of fully paid and non-assessable shares of Common Stock (the “Conversion Rate”) as is determined by dividing (x) that portion of the outstanding principal balance plus any accrued but unpaid interest under this Note as of such date that the Holder elects to convert by (y) the Conversion Price (as defined in Section 3.2 hereof) then in effect on the date on which the Holder faxes a notice of conversion (the “Conversion Notice”), duly executed, to the Maker (facsimile number: 000-000-0000, Attn.: Xxxxxx X. Xxxxxxx) (the “Voluntary Conversion Date” or “Conversion Date”), provided, however, that the Conversion Price shall be subject to adjustment as described in Section 3.5

Conversion Option. (a) At any time and from time to time on or after the Issuance Date, this Note shall be convertible (in whole or in part), at the option of the Holder (the “Conversion Option”), into such number of fully paid and non-assessable shares of Common Stock (the “Conversion Rate”) as is determined by dividing (x) that portion of the outstanding principal balance plus any accrued but unpaid interest under this Note as of such date that the Holder elects to convert by (y) the Conversion Price (as defined in Section 3.2 hereof) then in effect on the date on which the Holder faxes a notice of conversion (the “Conversion Notice”), duly executed, to the Maker (facsimile number: number (000-) 000-0000, Attn.: Xxxxxx X. XxxxxxxCFO) (the “Voluntary Conversion Date” or “Conversion Date”), provided, however, that the Conversion Price shall be subject to adjustment as described in Section 3.5

Conversion Option. At any time and from time to time on or after the Issuance Date, the entire outstanding principal balance of this Note (the “Conversion Amount”) shall be convertible (in whole or in part), at the option of the Holder (the “Conversion Option”), into such number of fully paid and non-assessable shares of Common Stock (the “Conversion Rate”) as is determined by dividing (x) that portion of the outstanding principal balance plus any accrued but unpaid interest under this Note Conversion Amount as of such date that the Holder elects to convert by (y) the Conversion Price (as defined in Section 3.2 hereof) then in effect on the date on which the Holder faxes a notice of conversion (the “Conversion Notice”), duly executed, to the Maker (facsimile number: number (000-) 000-0000, Attn.: Xxxxxx Bxxxx X. XxxxxxxXxxxxx, Vice President — Finance) (the “Voluntary Conversion Date” or “Conversion Date”), ; provided, however, that the Conversion Price shall be subject to adjustment as described in Section 3.5

Conversion Option. At any time and from time to time on or after the Issuance Date, this Note shall be convertible (in whole or in part), at the option of the Holder (the “Conversion Option”), into such number of fully paid and non-assessable shares of Common Stock (the “Conversion Rate”) as is determined by dividing (x) that portion of the outstanding principal balance plus any accrued but unpaid interest under this Note as of such date that the Holder elects to convert by (y) the Conversion Price (as defined in Section 3.2 hereof) then in effect on the date on which the Holder faxes a notice of conversion (the “Conversion Notice”), duly executed, to the Maker (facsimile number: (000-) 000-0000, Attn.: Xxxxxx X. XxxxxxxXxxxx Xxxxxx) (the “Voluntary Conversion Date” or “Conversion Date”), provided, however, that the Conversion Price shall be subject to adjustment as described in Section 3.5

Conversion Option. At any time and from time to time on or after the Issuance Date, this Note shall be convertible (in whole or in part), at the option of the Holder (the “Conversion Option”), into such number of fully paid and non-assessable shares of Common Stock (the “Conversion Rate”) as is determined by dividing (x) that portion of the outstanding principal balance plus any accrued but unpaid interest under this Note as of such date that the Holder elects to convert by (y) the Conversion Price (as defined in Section 3.2 hereof) then in effect on the date on which the Holder faxes a notice of conversion (the “Conversion Notice”), duly executed, to the Maker (facsimile number: 000-000-0000, Attn.: Xxxxxx X. Xxx Xxxxxxx, Chairman) (the “Voluntary Conversion Date” or “Conversion Date”), provided, however, that the Conversion Price shall be subject to adjustment as described in Section 3.5

Conversion Option. (a) At any time and from time to time on or after the Original Issuance Date, this Note shall be convertible (in whole or in part), at the option of the Holder (the “Conversion Option”), into such number of fully paid and non-assessable shares of Common Stock (the “Conversion Rate”) as is determined by dividing (x) that portion of the outstanding principal balance plus any accrued but unpaid interest under this Note as of such date that the Holder elects to convert by (y) the Conversion Price (as defined in Section 3.2 hereof) then in effect on the date on which the Holder faxes a notice of conversion (the “Conversion Notice”), duly executed, to the Maker (facsimile number: (000-) 000-0000, Attn.: Xxxxxx Xxxx X. XxxxxxxXxxxx) (the “Voluntary Conversion Date” or “Conversion Date”), provided, however, that the Conversion Price shall be subject to adjustment as described in Section 3.5

Conversion Option. (a) At any time and from time to time on or after the Issuance Date, this Note shall be convertible (in whole or in part), at the option of the Holder (the “"Conversion ---------- Option”"), into such number of fully paid and non-assessable shares of Common ------ Stock (the “"Conversion Rate”") as is determined by dividing (x) that portion of --------------- the outstanding principal balance plus any accrued but unpaid interest under this Note as of such date that the Holder elects to convert by (y) the Conversion Price (as defined in Section 3.2 3.2(a) hereof) then in effect on the date on which the Holder faxes a notice of conversion (the “"Conversion Notice”"), duly executed, to the Maker (facsimile number: 000------------------ number (678) 443-000-00002320, Attn.: Xxxxxx X. XxxxxxxChief Xxxxxxxxx Xxxicer) (the “Voluntary "Conversion Date” or “Conversion Date”"), --------------- provided, however, that the Conversion Price shall be subject to adjustment as described in Section 3.53.6

Conversion Option. At any time and from time to time on or after the Issuance Date, ----------------- this Note shall be convertible (in whole or in part), at the option of the Holder (the “"Conversion Option”"), into such number of fully paid and non-non- ----------------- assessable shares of Common Stock (the “"Conversion Rate”") as is determined by --------------- dividing (x) that portion of the outstanding principal balance plus any accrued but unpaid interest under this the Note as of such date that the Holder elects to convert by (y) the Conversion Price (as defined in Section 3.2 hereofhereinafter defined) then in effect on the date on which the Holder faxes a notice of conversion (the “"Conversion Notice”"), duly executed, to the Maker ----------------- (facsimile number: number (000-) 000-0000, Attn.: Xxxxxx X. XxxxxxxChief Financial Officer) (the “Voluntary "Conversion Date” or “Conversion Date”"), provided, however, that the Conversion Price shall be --------------- subject to adjustment as described in Section 3.53.6 below.

Conversion Option. (a) At any time and from time to time on or after the Issuance Date, this Note shall be convertible (in whole or in part), at the option of the Holder (the “"Conversion Option”"), into such number of fully paid and non-assessable shares of Common Stock (the “"Conversion Rate”") as is determined by dividing (x) that portion of the outstanding principal balance plus any accrued but unpaid interest under this Note as of such date that the Holder elects to convert by (y) the Conversion Price (as defined in Section 3.2 3.2(a) hereof) then in effect on the date on which the Holder faxes a notice of conversion (the “"Conversion Notice”"), duly executed, to the Maker (facsimile number: number (000-) 000-0000, Attn.: Xxxxxx X. XxxxxxxChief Executive Officer) (the “"Voluntary Conversion Date” or “Conversion Date”"), provided, however, that the Conversion Price shall be subject to adjustment as described in Section 3.53.6

Conversion Option. (a) At any time and from time to time on or after the Issuance Date, this Note shall be convertible (in whole or in part), at the option of the Holder (the “Conversion Option”), into such number of fully paid and non-assessable shares of Common Stock (the “Conversion Rate”) as is determined by dividing (x) that portion of the outstanding principal balance plus any accrued but unpaid interest under this Note as of such date that the Holder elects to convert by (y) the Conversion Price (as defined in Section 3.2 hereof) then in effect on the date on which the Holder faxes a duly executed notice of conversion (the “Conversion Notice”), duly executed, to the Maker (facsimile number: 000number 500-000-0000, Attn.: Xxxxxx X. XxxxxxxChief Financial Officer) (the “Voluntary Conversion Date” or “Conversion Date”), provided, however, that the Conversion Price shall be subject to adjustment as described in Section 3.5

Conversion Option. (a) At any time and from time to time on or after the Issuance Date, this Note shall be convertible (in whole or in part), at the option of the Holder (the “Conversion Option”), into such number of fully paid and non-assessable shares of Common Stock (the “Conversion Rate”) as is determined by dividing (x) that portion of the outstanding principal balance plus any accrued but unpaid interest under this Note as of such date that the Holder elects to convert by (y) the Conversion Price (as defined in Section 3.2 hereof) then in effect on the date on which the Holder faxes a notice of conversion (the “Conversion Notice”), duly executed, to the Maker (facsimile number: (000-) 000-0000, Attn.: Xxxxxx Xxxx X. XxxxxxxXxxxx) (the “Voluntary Conversion Date” or “Conversion Date”), provided, however, that the Conversion Price shall be subject to adjustment as described in Section 3.5

Conversion Option. At any time and from time to time on or after the Issuance Date, this Note shall be convertible (in whole or in part), at the option of the Holder (the “Conversion Option”), into such number of fully paid and non-assessable shares of Common Stock (the “Conversion Rate”) as is determined by dividing (x) that portion of the outstanding principal balance plus any accrued but unpaid interest under this Note as of such date that the Holder elects to convert by (y) the Conversion Price (as defined in Section 3.2 hereof) then in effect on the date on which the Holder faxes a notice of conversion (the “Conversion Notice”), duly executed, to the Maker (facsimile number: 000-000-0000[ ], Attn.: Xxxxxx X. Xxxxxxx[CFO]) (the “Voluntary Conversion Date” or “Conversion Date”), provided, however, that the Conversion Price shall be subject to adjustment as described in Section 3.5

Conversion Option. (a) At any time and from time to time on or after the Issuance Date, this Note shall be convertible (in whole or in part), at the option of the Holder (the “"Conversion Option”"), into such number of fully paid and non-assessable shares of Common Stock (the “"Conversion Rate”") as is determined by dividing (x) that portion of the outstanding principal balance plus any accrued but unpaid interest under this Note as of such date that the Holder elects to convert by (y) the Conversion Price (as defined in Section 3.2 3.2(a) hereof) then in effect on the date on which the Holder faxes a notice of conversion (the “"Conversion Notice”"), duly executed, to the Maker (facsimile number: 000-number (800) 000-0000, AttnXttn.: Xxxxxx X. XxxxxxxChief Executive Officer) (the “Voluntary Conversion Date” or “Conversion Date”), provided, however, that the Conversion Price shall be subject to adjustment as described in Section 3.53.6

Conversion Option. At any time and from time to time on or after the Issuance Date, the entire outstanding principal balance of this Note (the “Conversion Amount”) shall be convertible (in whole or in part), at the option of the Holder (the “Conversion Option”), into such number of fully paid and non-assessable shares of Common Stock (the “Conversion Rate”) as is determined by dividing (x) that portion of the outstanding principal balance plus any accrued but unpaid interest under this Note Conversion Amount as of such date that the Holder elects to convert by (y) the Conversion Price (as defined in Section 3.2 hereof) then in effect on the date on which the Holder faxes a notice of conversion (the “Conversion Notice”), duly executed, to the Maker (facsimile number: number (000-) 000-0000, Attn.: Xxxxxx Xxxxx X. XxxxxxxXxxxxx, Vice President - Finance) (the “Voluntary Conversion Date” or “Conversion Date”), ; provided, however, that the Conversion Price shall be subject to adjustment as described in Section 3.5

Conversion Option. (a) At any time and from time to time on or after the Issuance Date, this Note shall be convertible (in whole or in part), at the option of the Holder (the “"Conversion Option”"), into such number of fully paid and non-assessable shares of Common Stock (the “"Conversion Rate”") as is determined by dividing (x) that portion of the outstanding principal balance plus any accrued but unpaid interest under this Note as of such date that the Holder elects to convert by (y) the Conversion Price (as defined in Section 3.2 3.2(a) hereof) then in effect on the date on which the Holder faxes a notice of conversion (the “"Conversion Notice”"), duly executed, to the Maker (facsimile number: 000-000-0000at the Fax number provided in the Purchase Agreement, Attn.: Xxxxxx X. Xxxxxxx) Chief Executive Officer (the “"Voluntary Conversion Date” or “Conversion Date”"), provided, however, that the Conversion Price shall be subject to adjustment as described in Section 3.53.6