Common use of Issuance of Stock on Conversion Clause in Contracts

Issuance of Stock on Conversion. As soon as practicable after conversion of this Note pursuant to Section 2 hereof, but it shall not be more than thirty (30) business days from the date of such conversion, the Company at its expense will cause to be issued in the name of and delivered to Holder, a certificate or certificates for the number of shares of securities to which Holder shall be entitled on such conversion (bearing such legends as may be required by applicable foreign or U.S. state and federal securities laws in the opinion of legal counsel for the Company), together with any other securities and property, if any, to which Hxxxxx is entitled on such conversion under the terms of this Note.