Common use of Optional Conversion Right Clause in Contracts

Optional Conversion Right. Until such time as all of the obligations under this Agreement are paid in full, Lender shall have the option, exercisable in its sole discretion, to convert all or any portion of the outstanding principal and interest due pursuant to this Agreement into shares of Common Stock at a price per share equal to $1.00 per share (subject to the adjustments as set forth in Section 7 hereof) (the “Conversion Price”).

Optional Conversion Right. Until such time as all of the obligations under this Agreement are paid in full, Lender shall have the option, exercisable in its sole discretion, to convert all or any portion of the outstanding principal and interest due pursuant to this Agreement into shares of Common Stock at a price per share equal to $1.00 0.31 per share (subject to the adjustments as set forth in Section 7 hereof) (the “Conversion Price”).