Common use of Conversion to Common Stock Clause in Contracts

Conversion to Common Stock. Effective as of May 2, 2019, $195,000 of the Debt shall be converted into shares of Common Stock at a price per share of $1.50 for an aggregate number of shares of 130,000. Upon execution of this Agreement, the Company shall instruct its transfer agent to issue a total of 130,000 shares of Common Stock to the Investor, and the Investor shall acknowledge the repayment of the entire amount under the Loan Agreement.

Appears in 2 contracts

Samples: Debt Conversion Agreement (Moxian, Inc.), Debt Conversion Agreement (Moxian, Inc.)

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Conversion to Common Stock. Effective as of May 2, 2019, $195,000 750,000 of the Debt shall be converted into shares of Common Stock at a price per share of $1.50 for an aggregate number of shares of 130,000500,000. Upon execution of this Agreement, the Company shall instruct its transfer agent to issue a total of 130,000 500,000 shares of Common Stock to the Investor, and the Investor shall acknowledge the repayment of the entire amount under the Loan Agreement.

Appears in 2 contracts

Samples: Debt Conversion Agreement (Moxian, Inc.), Debt Conversion Agreement (Moxian, Inc.)

Conversion to Common Stock. Effective as of May 2, 2019, $195,000 135,000 of the Debt shall be converted into shares of Common Stock at a price per share of $1.50 for an aggregate number of shares of 130,00090,000. Upon execution of this Agreement, the Company shall instruct its transfer agent to issue a total of 130,000 90,000 shares of Common Stock to the Investor, and the Investor shall acknowledge the repayment of the entire amount under the Loan Agreement.

Appears in 2 contracts

Samples: Debt Conversion Agreement (Moxian, Inc.), Debt Conversion Agreement (Moxian, Inc.)

Conversion to Common Stock. Effective as of May 2February 18, 20192020, $195,000 40,000 of the Debt shall be converted into shares of Common Stock at a price per share of $1.50 .001 for an aggregate number of shares of 130,00040,000,000. Upon execution of this Agreement, the Company shall instruct its transfer agent to issue a total of 130,000 40,000,000 shares of Common Stock to the InvestorDebt Holder, and the Investor Debt Holder shall acknowledge the repayment of $40,000 owed to the entire amount under the Loan AgreementDebt Holder.

Appears in 2 contracts

Samples: Debt Conversion Agreement (Kemiao Garment Holding Group), Debt Conversion Agreement (Kemiao Garment Holding Group)

Conversion to Common Stock. Effective as of May June 2, 20192008, $195,000 all of the Debt shall be converted into shares of Common Stock at a price per share of $1.50 .25 for an aggregate number of shares of 130,000120,000. Upon execution of this Agreement, the Company shall instruct its transfer agent to issue a total of 130,000 120,000 shares of Common Stock to the Investor, and the Investor shall acknowledge the repayment of the entire amount under the Loan Agreement.

Appears in 1 contract

Samples: Subscription and Debt Converison Agreement (Public Media Works Inc)

Conversion to Common Stock. Effective as of May 2March 11, 20192020, $195,000 of the Debtor shall convert the Debt shall be converted into shares of the Corporation’s Common Stock at a conversion price of $0.158 per share for a total of $1.50 for an aggregate number of 17,241,785 shares of 130,000(the “Conversion Shares”). Upon execution of this Agreement, the Company Corporation shall instruct its transfer agent to issue a total of 130,000 shares of Common Stock the Conversion Shares to the InvestorDebtor. The Debtor hereby acknowledges that the issuance of the Conversion Shares is in full conversion of the Debt and, as a result, Huantai will have fully and completely satisfied all of its obligations with respect to the Debt and the Investor shall acknowledge the repayment of the entire amount under the Loan AgreementAgreements.

Appears in 1 contract

Samples: Debt Conversion Agreement (Dbub Group, Inc)

Conversion to Common Stock. Effective as of May 2October 1, 20192021, $195,000 of the Debt shall be converted into shares of Common Stock at a price per share of $1.50 3.00 for an aggregate number of shares of 130,0001,757,500. Upon execution of this Agreement, the Company shall instruct its transfer agent to issue a total of 130,000 1,757,500 shares of Common Stock to the Investor, and the Investor shall acknowledge the repayment of the entire amount under the Loan Agreement$5,272,500.

Appears in 1 contract

Samples: Debt Conversion Agreement (Hammer Fiber Optics Holdings Corp)

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Conversion to Common Stock. Effective as of May 2January 12, 20192010, $195,000 50,000 of the Debt shall be converted into shares of Common Stock at a price per share of $1.50 .10 for an aggregate number of shares of 130,000500,000. Upon execution of this Agreement, the Company shall instruct its transfer agent to issue a total of 130,000 500,000 shares of Common Stock to the Investor, and the Investor shall acknowledge the repayment of the entire amount $50,000 under the Loan Agreement.

Appears in 1 contract

Samples: Debt Conversion Agreement (Public Media Works Inc)

Conversion to Common Stock. Effective as of May 2April 24, 20192020, $195,000 400,000 of the Debt shall be converted into shares of Common Stock at a price per share of $1.50 2.00 for an aggregate number of shares of 130,000200,000. Upon execution of this Agreement, the Company shall instruct its transfer agent to issue a total of 130,000 200,000 shares of Common Stock to the Investor, and the Investor shall acknowledge the repayment of the entire amount $400,000 under the Loan Agreement.

Appears in 1 contract

Samples: Debt Conversion Agreement (Edison Nation, Inc.)

Conversion to Common Stock. Effective as of May 2July 18, 20192023, $195,000 of the Debt shall be converted into restricted shares of Common Stock at a price per share of $1.50 0.037 for an aggregate number of shares of 130,0005,270,271. Upon execution of this Agreement, the Company shall instruct its transfer agent to issue a total of 130,000 5,270,271 shares of Common Stock to the Investor, and the Investor shall acknowledge the repayment of the entire amount under the Loan Agreement$195,000.

Appears in 1 contract

Samples: Loan Conversion Agreement (Better for You Wellness, Inc.)

Conversion to Common Stock. Effective as of May 2January 1st, 20192024, $195,000 of the Debt Fee shall be converted into shares of Common Stock at a price per share of $1.50 the Conversion Rate for an aggregate number of shares of 130,0001,122,239 shares. Upon execution of this Agreement, the Company shall instruct its transfer agent to issue a total of 130,000 1,122,239 shares of Common Stock to the InvestorDebt Holder, and by its signature below the Investor shall acknowledge Debt Holder acknowledges the repayment of Fee upon the entire amount under the Loan Agreementissuance of such shares.

Appears in 1 contract

Samples: Debt Conversion Agreement (Appyea, Inc)

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