Conversion Price Reset. If on the 180th day following the Original Issue Date (the “Reset Day”), the closing bid price on the Trading Market for the Company’s Common Stock is below the Conversion Price, the Conversion Price will automatically adjust to 70% of the lowest VWAP in the 15 Trading Days prior to the Reset Day.
Appears in 6 contracts
Samples: Exchange Agreement (Electronic Cigarettes International Group, Ltd.), Exchange Agreement (Electronic Cigarettes International Group, Ltd.), Convertible Security Agreement (Electronic Cigarettes International Group, Ltd.)
Conversion Price Reset. If on the 180th day following that is the 6-month anniversary from the Original Issue Date (the “Reset Day”), the closing bid price on the Trading Market for the Company’s Common Stock is below the Conversion Price, the Conversion Price will automatically adjust to 70% of the lowest VWAP in the 15 Trading Days prior to the Reset Day.
Appears in 5 contracts
Samples: Convertible Security Agreement (Electronic Cigarettes International Group, Ltd.), Convertible Security Agreement (Electronic Cigarettes International Group, Ltd.), Convertible Security Agreement (Electronic Cigarettes International Group, Ltd.)
Conversion Price Reset. If on the 180th day sixth (6th) month anniversary following the Original Issue Date (the “Reset Day”), the closing bid price on the Trading Market for the Company’s Common Stock is below the Conversion Price, the Conversion Price will automatically adjust to 7050% of the lowest VWAP in the 15 Trading Days prior to the Reset Day.
Appears in 1 contract
Samples: Convertible Security Agreement (Mobiquity Technologies, Inc.)
