Common use of Dividends and interests Clause in Contracts

Dividends and interests. No payment or adjustments shall be made upon any conversion on account of any cash dividends on the Common Stock issued upon such conversion. The Company shall pay all interest on the Convertible Note surrendered for conversion accrued to the date, in the form of cash or shares of Common Stock at the discretion of the Company, based on a share price of $.12 per share, upon which the above-mentioned written statement has been received by the Company.

Dividends and interests. No payment or adjustments shall be made upon any conversion on account of any cash dividends on the Common Stock issued upon such conversion. The Company shall pay all interest on the Convertible Note surrendered for conversion accrued to the date, in the form of cash or shares of Common Stock at the discretion of the Company, based on a share price of $.12 per share, date upon which the above-mentioned written statement has been received by the Company.

Dividends and interests. No payment or adjustments shall be made upon any conversion on account of any cash dividends on the Common Stock issued upon such conversion. The Company shall pay all interest on the Convertible Note surrendered for conversion accrued to the date, in the form of cash or shares of Common Stock at the discretion of the Company, based on a share price of $.12 .07 per share, upon which the above-mentioned written statement has been received by the Company.