Common use of Holders Conversion Rights Clause in Contracts

Holders Conversion Rights. The Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding principal amount of this Note, together with interest and fees due hereon, into shares of Common Stock subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written notice of conversion not less than one (1) day prior to the date upon which such conversion shall occur.

Holders Conversion Rights. The Subject to Section 2.2, the Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding principal amount Principal Amount of this Note, together with interest and fees due hereon, into shares of Common Stock Stock, subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written notice Notice of conversion not less than one (1) day prior Conversion pursuant to the date upon which such conversion shall occurSection 3.3.

Holders Conversion Rights. The Subject to Section 2.2 and the mandatory conversion provisions therein, the Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding principal amount Principal Amount of this Note, together with interest and fees due hereon, into shares of Common Stock Stock, subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written notice Notice of conversion not less than one (1) day prior Conversion pursuant to the date upon which such conversion shall occurSection 3.3.

Holders Conversion Rights. The Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding principal amount of this Note, together with interest and fees due hereon, into shares of Common Stock subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written notice of conversion not less than one (1) day prior to the date upon which such conversion shall occur. The date upon which such conversion shall occur is (the "Conversion Date").

Holders Conversion Rights. The Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding principal amount of this Note, together with interest and fees due hereon, into shares of Common Stock subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written notice of conversion not less than one (1) day prior to the date upon which such conversion shall occur. The date upon which such conversion shall occur is (the “Conversion Date”).

Holders Conversion Rights. The Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding principal amount of this Note, together with interest and fees due hereon, into shares of Common Stock subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written notice of conversion not less than one (1) day prior to the date upon which such conversion shall occur. The shares of Common Stock to be issued upon such conversion are herein referred to as the "Conversion Shares."

Holders Conversion Rights. The Subject to Section 2.2, the Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding principal amount Principal Amount of this Note, together with interest and fees due hereon, into shares of Common Stock Stock, subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written notice Notice of conversion not less than one (1) day prior Conversion pursuant to the date Section 3.3. The shares of Common Stock to be issued upon which such conversion shall occurare herein referred to as the "CONVERSION SHARES."

Holders Conversion Rights. The Subject to Section 2.2, the Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding principal amount Principal Amount of this Note, together with interest and fees due hereon, into shares of Common Stock Stock, subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written notice Notice of conversion not less than one (1) day prior Conversion pursuant to the date Section 3.3. The shares of Common Stock to be issued upon which such conversion shall occurare herein referred to as the "Conversion Shares."

Holders Conversion Rights. The Subject to Section 3.2, the Holder shall have the right, but not the obligationobligation at all times, to convert all or any portion of the then aggregate outstanding principal amount Principal Amount of this Note, together with interest and fees due hereon, into shares of Common Stock Stock, subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to III at the Borrower rate of a written notice of conversion not less than one $.60, (1) day prior to the date upon which such conversion shall occur“Fixed Conversion Price”).”

Holders Conversion Rights. The Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding principal amount of this Note, together with interest and fees due hereon, into shares of Common Stock subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written notice of conversion not less than one (1) business day prior to the date upon which such conversion shall occur. The shares of Common Stock to be issued upon such conversion are herein referred to as the "Conversion Shares."

Holders Conversion Rights. The Subject to Section 2.2, the Holder shall will have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding principal amount Principal Amount of this Note, together with interest and fees due hereon, into shares of Common Stock Stock, subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written notice Notice of conversion not less than one (1) day prior Conversion pursuant to the date upon which such conversion shall occurSection 3.3.

Holders Conversion Rights. The Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding principal amount of this Note, together with interest and fees due hereon, into shares of Common Stock of the Borrower subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written notice of conversion not less than one (1) day prior to the date upon which such conversion shall occur.

Holders Conversion Rights. The Subject to Section 3.2 and the mandatory conversion provisions therein, the Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding principal amount Principal Amount of this Note, together with interest and fees amounts due hereon, and any sum arising under the Subscription Agreement and the Transaction Documents, including but not limited to Liquidated Damages, into shares of Common Stock Stock, subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written notice Notice of conversion not less than one (1) day prior Conversion pursuant to the date upon which such conversion shall occurSection 3.3.

Holders Conversion Rights. The Subject to Section 2.2, the Holder shall have the right, but not the obligationobligation at all times, to convert all or any portion of the then aggregate outstanding principal amount Principal Amount of this Note, together with interest and fees due hereon, into shares of Common Stock Stock, subject to the terms and conditions set forth in this Article IIIII at the rate of $1.00 per share of Common Stock (“Fixed Conversion Price”) as same may be adjusted pursuant to this Note and the Subscription Agreement. The Holder may exercise such right by delivery to the Borrower of a written notice Notice of conversion not less than one (1) day prior Conversion pursuant to the date upon which such conversion shall occurSection 2.3.

Holders Conversion Rights. The Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding principal amount of this NoteDebenture, together with interest and fees due hereonthereon, into shares of Common Stock Borrower’s common stock subject to the terms and conditions set forth in this Article III4. The Holder may exercise such right by delivery to the Borrower of a written notice of conversion not less than one (1) day prior to the date upon which such conversion shall occur.

Holders Conversion Rights. The Holder shall have the right, but not the obligationobligation at any time from the date of issuance of this Note, to convert all or any portion of the then aggregate outstanding principal amount Principal Amount of this Note, together with interest and fees due hereon, into shares of Common Stock Stock, subject to the terms and conditions set forth in this Article IIIII at a fixed conversion rate of $.001 per share. The Holder may exercise such right by delivery to the Borrower of a written notice Notice of conversion not less than one (1) day prior to the date upon which such conversion shall occurConversion pursuant hereto.

Holders Conversion Rights. The Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding principal amount of this Note, together with interest and fees due hereon, into shares of Common Stock subject to the terms and conditions set forth in this Article III. The shares of Common Stock to be issued upon such conversion are herein referred to as the "Conversion Shares." The Holder may exercise such right by delivery to the Borrower of a written notice of conversion not less than one (1) day prior to the date upon which such conversion shall occur.

Holders Conversion Rights. The Subject to Section 2.2, the Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding principal amount Principal Amount of this Note, together with interest and fees due hereon, into shares of Common Stock Stock, subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower Company of a written notice Notice of conversion not less than one (1) day prior Conversion pursuant to the date Section 3.3. The shares of Common Stock to be issued upon which such conversion shall occurare herein referred to as the "Conversion Shares."

Holders Conversion Rights. The Holder shall have the rightright at all times, but not the obligation, to convert all or any portion of the then aggregate outstanding principal amount Principal Amount of this Note, together with interest and fees due hereonNote plus accrued interest, into shares of Common Stock Stock, subject to the terms and conditions set forth in this Article IIIIII at the rate of $0.15 per share of Common Stock (“Fixed Conversion Price”) as same may be adjusted pursuant to this Note and the Subscription Agreement. The Holder may exercise such right by delivery to the Borrower of a written notice Notice of conversion not less than one (1) day prior Conversion pursuant to the date upon which such conversion shall occurSection 3.2.

Holders Conversion Rights. The Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding principal amount of this Note, together with interest and fees due hereon, into shares of Common Stock (as hereinafter defined) subject to the terms and conditions set forth in this Article III4. The Holder may exercise such right by delivery to the Borrower of a written notice of conversion not less than one three (13) day business days prior to the date upon which such conversion shall occur.

Holders Conversion Rights. The Holder Subject to Section 2.2, the Holders shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding principal amount Principal Amount of this Term Note, together with interest and fees due hereon, into shares of Common Stock Stock, subject to the terms and conditions set forth in this Article III. The Holder Holders may exercise such right by delivery to the Borrower of a written notice Notice of conversion not less than one (1) day prior Conversion pursuant to the date Section 3.3. The shares of Common Stock to be issued upon which such conversion shall occurare herein referred to as the “Conversion Shares.”

Holders Conversion Rights. The Holder shall have the right, but not -------------------------- the obligation, to convert all or any portion of the then aggregate outstanding principal amount of this Note, together with interest and fees due hereon, into shares of Common Stock subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written notice of conversion not less than one (1) day prior to the date upon which such conversion shall occur.

Holders Conversion Rights. The Subject to Section 2.2, the Holder shall have the right, but not the obligationobligation at any time from the date of issuance of this Note, to convert all or any portion of the then aggregate outstanding principal amount Principal Amount of this Note, together with interest and fees due hereon, into shares of Common Stock Stock, subject to the terms and conditions set forth in this Article IIIII at a fixed conversion price of $.001 per share. The Holder may exercise such right by delivery to the Borrower of a written notice Notice of conversion not less than one (1) day prior Conversion pursuant to the date upon which such conversion shall occurterms hereof.

Holders Conversion Rights. The Subject to Section 2.2, the Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding principal amount Amortizing Principal Amount of this Note, together with interest and fees due hereon, at the Fixed Conversion Price, as adjusted, into shares of Common Stock Stock, subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written notice Notice of conversion not less than one (1) day prior Conversion pursuant to the date Section 3.3. The shares of Common Stock to be issued upon which such conversion shall occurare herein referred to as the “Conversion Shares.”

Holders Conversion Rights. The Subject to Section 2.2, the Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding principal amount Principal Amount of this Note, together with interest and fees due hereon, at the Fixed Conversion Price, as adjusted, into shares of Common Stock Stock, subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written notice Notice of conversion not less than one (1) day prior Conversion pursuant to the date Section 3.3. The shares of Common Stock to be issued upon which such conversion shall occur.are herein referred to as the "Conversion Shares.æ

Holders Conversion Rights. The Subject to Section 2.2, the Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding principal amount Principal Amount of this Term Note, together with interest and fees due hereon, into shares of Common Stock Stock, subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written notice Notice of conversion not less than one (1) day prior Conversion pursuant to the date Section 3.3. The shares of Common Stock to be issued upon which such conversion shall occurare herein referred to as the “Conversion Shares.”

Holders Conversion Rights. The Subject to Section 3.2, the Holder shall have the right, but not the obligationobligation at all times, to convert all or any portion of the then aggregate outstanding principal amount Principal Amount of this Note, together with and/or accrued interest and fees due hereon, into shares of Common Stock Stock, subject to the terms and conditions set forth in this Article IIIIII at the rate of $0.15 per share of Common Stock (“Fixed Conversion Price”) as same may be adjusted pursuant to this Note and the Subscription Agreement. The Holder may exercise such right by delivery to the Borrower of a written notice Notice of conversion not less than one (1) day prior Conversion pursuant to the date upon which such conversion shall occurSection 3.3.

Holders Conversion Rights. The Subject to Section 3.2 and Section 2.1(b) and the mandatory conversion provisions therein, the Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding principal amount Principal Amount of this Note, together with interest and fees due hereon, into shares of Common Stock Stock, subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written notice Notice of conversion not less than one (1) day prior Conversion pursuant to the date upon which such conversion shall occurSection 3.3.

Holders Conversion Rights. The Subject to Section 3.2, the Holder shall have the right, but not the obligationobligation at all times, to convert all or any portion of the then aggregate outstanding principal amount Principal Amount of this Note, together with interest and fees due hereon, into shares of Common Stock Stock, subject to the terms and conditions set forth in this Article IIIIII at the rate of $1.00 per share of Common Stock (“Fixed Conversion Price”) as same may be adjusted pursuant to this Note and the Subscription Agreement. The Holder may exercise such right by delivery to the Borrower of a written notice Notice of conversion not less than one (1) day prior Conversion pursuant to the date upon which such conversion shall occurSection 3.3.

Holders Conversion Rights. The Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding principal amount of this Note, together with interest and fees due hereon, into shares of Class A Common Stock subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written notice of conversion not less than one (1) day prior to the date upon which such conversion shall occur.

Holders Conversion Rights. The Subject to Section 3.2, the Holder shall have the right, but not the obligationobligation at all times, to convert all or any portion of the then aggregate outstanding principal amount Principal Amount of this Note, together with interest and fees due hereon, into shares of Common Stock Stock, subject to the terms and conditions set forth in this Article IIIIII at the rate of 65% of the average of the lowest three volume weighted average prices of the shares during the preceding 10 day trading period prior to conversion. The Holder may exercise such right by delivery to the Borrower of a written notice Notice of conversion not less than one (1) day prior Conversion pursuant to the date upon which such conversion shall occurSection 3.2.