Fair Conversion Price. The price the Borrower utilized in determining how many Conversion Shares the Holder shall be entitled to receive, although arbitrarily determined, is nonetheless hereby acknowledged and accepted by the Borrower and Holder as fair and equitable given the Borrower’s precarious financial condition and immediate need for capital;
Appears in 3 contracts
Samples: Bridge Loan Agreement, Bridge Loan Agreement (Iptimize, Inc.), Bridge Loan Agreement (Iptimize, Inc.)
Fair Conversion Price. The price the Borrower utilized in determining how many Conversion Shares the Holder shall be entitled to receive, although arbitrarily determined, is nonetheless hereby acknowledged and accepted by the Borrower and Holder as fair and equitable given the Borrower’s precarious financial condition and immediate need for capital;.
Appears in 3 contracts
Samples: Pre Bridge Loan Agreement, Convertible Promissory Note (Iptimize, Inc.), Pre Bridge Loan Agreement (Iptimize, Inc.)
