Common use of Conversion Price Clause in Contracts

Conversion Price. The conversion price for the principal and interest in connection with voluntary conversions by the Holder shall be equal to the lesser of (i) $0.0025, or (ii) fifty percent (50%) of the lowest Closing Price of the Common Stock for the thirty (30) Trading Days preceding the Conversion Date, subject to adjustment herein (the “Conversion Price”).

Appears in 27 contracts

Samples: Convertible Security Agreement (Harrison Vickers & Waterman Inc), Convertible Security Agreement (Harrison Vickers & Waterman Inc), Convertible Security Agreement (Harrison Vickers & Waterman Inc)

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Conversion Price. The conversion price for the principal and interest interest, if any, in connection with voluntary conversions by the Holder shall be equal to the lesser $0.20 per share of (i) $0.0025, or (ii) fifty percent (50%) of the lowest Closing Price of the Common Stock for the thirty (30) Trading Days preceding the Conversion DateStock, subject to adjustment herein (the “Conversion Price”). The conversion price for a mandatory conversion pursuant to Section 4.b) shall be the lessor of (i) the Conversion Price in effect on the Second Date Closing Date, or (ii) 75% of the lowest per share price at which Common Stock may be issued in connection with any conversion rights associated with the Second Raise.

Appears in 7 contracts

Samples: Convertible Security Agreement (GT Biopharma, Inc.), Convertible Security Agreement (GT Biopharma, Inc.), Settlement Note (GT Biopharma, Inc.)

Conversion Price. The conversion price for the principal and interest interest, if any, in connection with voluntary conversions by the Holder shall be equal to the lesser $0.20 per share of (i) $0.0025, or (ii) fifty percent (50%) of the lowest Closing Price of the Common Stock for the thirty (30) Trading Days preceding the Conversion DateStock, subject to adjustment herein (the “Conversion Price”).

Appears in 4 contracts

Samples: Convertible Note (GT Biopharma, Inc.), Convertible Note (GT Biopharma, Inc.), Convertible Security Agreement (GT Biopharma, Inc.)

Conversion Price. The conversion price for the principal and interest interest, if any, in connection with voluntary conversions by the Holder shall be equal to $0.0078 (the lesser of (i) $0.0025, or (ii) fifty percent (50%) closing bid price of the lowest Closing Price of the Borrower’s Common Stock for on the thirty (30) Trading Days preceding day prior to the Conversion Dateclosing), subject to adjustment herein (the “Conversion Price”).

Appears in 2 contracts

Samples: Convertible Security Agreement (iHookup Social, Inc.), Convertible Security Agreement (iHookup Social, Inc.)

Conversion Price. The conversion price for the principal and interest in connection with voluntary conversions by the Holder shall be equal to the lesser of (i) $0.00250.20 per share, or (ii) fifty percent (50%) the closing bid price of the lowest Closing Price Company’s common stock on the day prior to conversion of the Common Stock for the thirty (30) Trading Days preceding this Note; provided that the Conversion DatePrice may not be less than $0.10 per share, subject to adjustment as set forth herein (the “Conversion Price”).

Appears in 1 contract

Samples: Convertible Security Agreement (Marathon Patent Group, Inc.)

Conversion Price. The conversion price for the principal and interest in connection with voluntary conversions by the Holder shall be equal to the lesser of (i) $0.0025, or (ii) fifty percent (50%) of the lowest Closing Sale Price of the Common Stock for the thirty (30) Trading Days preceding the Conversion Date, subject to adjustment herein (the “Conversion Price”).

Appears in 1 contract

Samples: Convertible Security Agreement (Harrison Vickers & Waterman Inc)

Conversion Price. The conversion price for the principal and interest interest, if any, in connection with voluntary conversions by the Holder shall be equal to the lesser $0.35 per share of (i) $0.0025, or (ii) fifty percent (50%) of the lowest Closing Price of the Common Stock for the thirty (30) Trading Days preceding the Conversion DateStock, subject to adjustment herein (the "Conversion Price").

Appears in 1 contract

Samples: Convertible Security Agreement (GT Biopharma, Inc.)

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Conversion Price. The conversion price (the “Conversion Price”) for the principal and interest interest, if any, in connection with voluntary conversions by the Holder shall be equal to the lesser of (i) $0.0025, or (ii) fifty seventy-five percent (5075%) of the lowest Closing Price price of any Common Stock or Common Stock Equivalent issued in or in connection with the Public Offering, and (ii) seventy-five percent (75%) of the Common Stock VWAP for the thirty five (305) Trading Days preceding the Conversion Date, subject to adjustment herein (the “Conversion Price”)date of conversion.

Appears in 1 contract

Samples: Promissory Note (H-Cyte, Inc.)

Conversion Price. The conversion price for the principal and interest in connection with voluntary conversions by the Holder shall be equal to the lesser lessor of (i) $0.00250.0375, or and (ii) fifty percent (50%) 75% of the lowest Closing Price of the Common Stock closing bid prices for the thirty (30) Trading Days 20 consecutive trading days preceding the a Conversion Date, subject to adjustment herein (the “Conversion Price”).

Appears in 1 contract

Samples: Convertible Security Agreement (Wally World Media, Inc)

Conversion Price. The conversion price for the principal and interest in connection with voluntary conversions by the Holder shall be equal to the lesser of (i) $0.0025S[RC], or o (ii) fifty seventy-five percent (5075%) of the lowest Closing Price offering price of the any Common Stock or Common Stock Equivalent included for sale to the thirty (30) Trading Days preceding public by the Conversion DateBorrower or a selling shareholder on whose behalf Common Stock is registered in a registration statement which includes a prospectus related to the Borrower’s initial public offering, subject to adjustment herein (the “Conversion Price”).

Appears in 1 contract

Samples: Convertible Security Agreement (Accelerated Pharma, Inc.)

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