Fixed Conversion Price. The parties agree that the “Fixed Conversion Price,” as defined in the Purchase Agreement, for each Preferred Share to be issued hereunder shall be based upon the result of 110% multiplied by the VWAP of the common stock of the Company on the First Closing Date of the Purchase Agreement, which equals $0.0101, and not the First Amended Closing.
Appears in 3 contracts
Samples: Securities Purchase Agreement (Canbiola, Inc.), Securities Purchase Agreement (Canbiola, Inc.), Securities Purchase Agreement (Canbiola, Inc.)
