Conversion upon a Qualified Financing. Upon the consummation of a Qualified Financing, without any action on the part of the Holder, the outstanding principal and accrued and unpaid interest under the Note will be converted into shares of New Round Stock based upon the issuance (or conversion) price of New Round Stock.
Appears in 4 contracts
Samples: Convertible Promissory Note (Bionik Laboratories Corp.), Secured Convertible Promissory Note (Bionik Laboratories Corp.), Secured Convertible Promissory Note (Bionik Laboratories Corp.)
