Grant of Conversion Option. Borrower hereby grants Holder the option, but not the obligation, to convert the Conversion Amount into that number of shares of Borrower's Common Stock equal to the Conversion Amount divided by the Conversion Price (the "Conversion Shares"). Holder may exercise the option granted hereunder in whole or in part at any time during the term of this Note by delivery of a Conversion Notice to Borrower.
Appears in 4 contracts
Samples: Rancher Energy Corp., Rancher Energy Corp., Rancher Energy Corp.
