Common use of Conversion Rate for the Conversion Stock Clause in Contracts

Conversion Rate for the Conversion Stock. The number of shares of Conversion Stock issued pursuant to the Loan Conversion shall be calculated by dividing two million dollars ($2,000,000.00) by three dollar and fifty cents ($3.50) (the “Conversion Rate”). No fractional shares of the Company’s common stock will be issued upon the Loan Conversion. In lieu of any fractional share to which the Investor would otherwise be entitled, the Company will pay to the Investor in cash the amount of that would otherwise be converted into such fractional share.

Conversion Rate for the Conversion Stock. The number of shares of Conversion Stock issued pursuant to the Loan Conversion shall be calculated by dividing two million dollars ($2,000,000.002,000,000) by three one dollar and fifty cents ($3.501.00) (the “Conversion Rate”). No fractional shares of the Company’s common stock will be issued upon the Loan Conversion. In lieu of any fractional share to which the Investor Xxxxx would otherwise be entitled, the Company will pay to the Investor Xxxxx in cash the amount of that would otherwise be converted into such fractional share.

Conversion Rate for the Conversion Stock. The number of shares of Conversion Stock issued pursuant to the Loan Note Conversion shall be calculated by dividing two seven million eighty nine thousand three hundred twelve dollars ($2,000,000.007,089,312) by three dollar and fifty cents ($3.50) (the “Conversion Rate”). No fractional shares of the Company’s common stock will be issued upon the Loan Note Conversion. In lieu of any fractional share to which the Investor Investors would otherwise be entitled, the Company will pay to the Investor Investors in cash the amount of that would otherwise be converted into such fractional share.

Conversion Rate for the Conversion Stock. The number of shares of Conversion Stock issued pursuant to the Loan Conversion shall be calculated by dividing two million nine hundred thousand dollars ($2,000,000.002,900,000.00) by three dollar and fifty cents ($3.50) (the “Conversion Rate”). No fractional shares of the Company’s common stock will be issued upon the Loan Conversion. In lieu of any fractional share to which the Investor would otherwise be entitled, the Company will pay to the Investor in cash the amount of that would otherwise be converted into such fractional share.

Conversion Rate for the Conversion Stock. The number of shares of Conversion Stock issued pursuant to the Loan Conversion shall be calculated by dividing two one million six hundred thousand dollars ($2,000,000.001,600,000.00) by three dollar and fifty cents ($3.50) (the “Conversion Rate”). No fractional shares of the Company’s common stock will be issued upon the Loan Conversion. In lieu of any fractional share to which the Investor would otherwise be entitled, the Company will pay to the Investor in cash the amount of that would otherwise be converted into such fractional share.

Conversion Rate for the Conversion Stock. The number of shares of Conversion Stock issued pursuant to the Loan Conversion shall be calculated by dividing three million nine hundred fifty three thousand four hundred sixty two million dollars ($2,000,000.003,953,462) by three dollar and fifty cents ($3.50) (the “Conversion Rate”). No fractional shares of the Company’s common stock will be issued upon the Loan Conversion. In lieu of any fractional share to which the Investor would otherwise be entitled, the Company will pay to the Investor in cash the amount of that would otherwise be converted into such fractional share.