Common use of PAYMENT IN FULL SATISFACTION AND DISCHARGE OF NOTE Clause in Contracts

PAYMENT IN FULL SATISFACTION AND DISCHARGE OF NOTE. Upon Closing, Maker agrees to deliver to Holder the following consideration ("Conversion Payment"). Seven thousand four hundred and forty-one (7,441) shares of Common Stock of Padova International USA, Inc., par value $.001 per share (the "Shares"), representing $1,860.03 of Unpaid Interest at a conversion rate of $.25 per share. The Shares shall bear the following restrictive legend: ALL SHARES OF CAPITAL STOCK ISSUABLE THEREUNDER, HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED ("THE SECURITIES ACT"), OR ANY STATE SECURITIES LAWS, AND MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED, HYPOTHECATED OR OTHERWISE DISTRIBUTED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FILED UNDER THE SECURITIES ACT AND ANY APPLICABLE STATE SECURITIES LAWS OR EXEMPTIONS THEREFROM, SUCH EXEMPTIONNS, AT THE OPTION OF THE COMPANY, TO BE EVIDENCED BY AN OPINION OR COUNSEL SATISFACTORY TO THE COMPANY.

PAYMENT IN FULL SATISFACTION AND DISCHARGE OF NOTE. Upon Closing, Maker agrees to deliver to Holder the following consideration ("Conversion Payment"). Seven Thirty-five thousand four hundred and forty-one (7,44135,200) shares of Common Stock of Padova International USA, Inc., par value $.001 per share (the "Shares"), representing $1,860.03 8,800.00 of Unpaid Interest at a conversion rate of $.25 per share. The Shares shall bear the following restrictive legend: ALL SHARES OF CAPITAL STOCK ISSUABLE THEREUNDER, HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED ("THE SECURITIES ACT"), OR ANY STATE SECURITIES LAWS, AND MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED, HYPOTHECATED OR OTHERWISE DISTRIBUTED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FILED UNDER THE SECURITIES ACT AND ANY APPLICABLE STATE SECURITIES LAWS OR EXEMPTIONS THEREFROM, SUCH EXEMPTIONNS, AT THE OPTION OF THE COMPANY, TO BE EVIDENCED BY AN OPINION OR COUNSEL SATISFACTORY TO THE COMPANY.

PAYMENT IN FULL SATISFACTION AND DISCHARGE OF NOTE. Upon Closing, Maker agrees to deliver to Holder the following consideration ("Conversion Payment"). Seven thousand four hundred One Hundred and forty-one Fifty Six Thousand (7,441156,000) shares of Common Stock of Padova International USA, Inc., par value $.001 per share (the "Shares"), representing $1,860.03 39,000.00 of Unpaid Interest at a conversion rate of $.25 per share. The Shares shall bear the following restrictive legend: ALL SHARES OF CAPITAL STOCK ISSUABLE THEREUNDER, HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED ("THE SECURITIES ACT"), OR ANY STATE SECURITIES LAWS, AND MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED, HYPOTHECATED OR OTHERWISE DISTRIBUTED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FILED UNDER THE SECURITIES ACT AND ANY APPLICABLE STATE SECURITIES LAWS OR EXEMPTIONS THEREFROM, SUCH EXEMPTIONNS, AT THE OPTION OF THE COMPANY, TO BE EVIDENCED BY AN OPINION OR COUNSEL SATISFACTORY TO THE COMPANY.

PAYMENT IN FULL SATISFACTION AND DISCHARGE OF NOTE. Upon Closing, Maker agrees to deliver to Holder the following consideration ("Conversion Payment"). Seven thousand four hundred One Hundred and forty-one Six Thousand, Three Hundred and Forty Four (7,441106,344) shares of Common Stock of Padova International USA, Inc., par value $.001 per share (the "Shares"), representing $1,860.03 26,586.00 of Unpaid Interest at a conversion rate of $.25 per share. The Shares shall bear the following restrictive legend: ALL SHARES OF CAPITAL STOCK ISSUABLE THEREUNDER, HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED ("THE SECURITIES ACT"), OR ANY STATE SECURITIES LAWS, AND MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED, HYPOTHECATED OR OTHERWISE DISTRIBUTED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FILED UNDER THE SECURITIES ACT AND ANY APPLICABLE STATE SECURITIES LAWS OR EXEMPTIONS THEREFROM, SUCH EXEMPTIONNS, AT THE OPTION OF THE COMPANY, TO BE EVIDENCED BY AN OPINION OR COUNSEL SATISFACTORY TO THE COMPANY.

PAYMENT IN FULL SATISFACTION AND DISCHARGE OF NOTE. Upon Closing, Maker agrees to deliver to Holder the following consideration ("Conversion Payment"). Seven thousand four hundred Seventy Four Thousand, Two Hundred and forty-one Twenty Eight (7,44174,228) shares of Common Stock of Padova International USA, Inc., par value $.001 per share (the "Shares"), representing $1,860.03 18,557.11 of Unpaid Interest at a conversion rate of $.25 per share. The Shares shall bear the following restrictive legend: ALL SHARES OF CAPITAL STOCK ISSUABLE THEREUNDER, HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED ("THE SECURITIES ACT"), OR ANY STATE SECURITIES LAWS, AND MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED, HYPOTHECATED OR OTHERWISE DISTRIBUTED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FILED UNDER THE SECURITIES ACT AND ANY APPLICABLE STATE SECURITIES LAWS OR EXEMPTIONS THEREFROM, SUCH EXEMPTIONNS, AT THE OPTION OF THE COMPANY, TO BE EVIDENCED BY AN OPINION OR COUNSEL SATISFACTORY TO THE COMPANY.

PAYMENT IN FULL SATISFACTION AND DISCHARGE OF NOTE. Upon Closing, Maker agrees to deliver to Holder the following consideration ("Conversion Payment"). Seven thousand Twenty-five thousand, four hundred and fortyninety-one two (7,44125,492) shares of Common Stock of Padova International USA, Inc., par value $.001 per share (the "Shares"), representing $1,860.03 6,373 of Unpaid Interest at a conversion rate of $.25 per share. The Shares shall bear the following restrictive legend: ALL SHARES OF CAPITAL STOCK ISSUABLE THEREUNDER, HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED ("THE SECURITIES ACT"), OR ANY STATE SECURITIES LAWS, AND MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED, HYPOTHECATED OR OTHERWISE DISTRIBUTED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FILED UNDER THE SECURITIES ACT AND ANY APPLICABLE STATE SECURITIES LAWS OR EXEMPTIONS THEREFROM, SUCH EXEMPTIONNS, AT THE OPTION OF THE COMPANY, TO BE EVIDENCED BY AN OPINION OR COUNSEL SATISFACTORY TO THE COMPANY.

PAYMENT IN FULL SATISFACTION AND DISCHARGE OF NOTE. Upon Closing, Maker agrees to deliver to Holder the following consideration ("Conversion Payment"). Seven thousand four Nine thousand, three hundred and fortyseventy-one four (7,4419,374) shares of Common Stock of Padova International USA, Inc., par value $.001 per share (the "Shares"), representing $1,860.03 2,343.43 of Unpaid Interest at a conversion rate of $.25 per share. The Shares shall bear the following restrictive legend: ALL SHARES OF CAPITAL STOCK ISSUABLE THEREUNDER, HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED ("THE SECURITIES ACT"), OR ANY STATE SECURITIES LAWS, AND MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED, HYPOTHECATED OR OTHERWISE DISTRIBUTED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FILED UNDER THE SECURITIES ACT AND ANY APPLICABLE STATE SECURITIES LAWS OR EXEMPTIONS THEREFROM, SUCH EXEMPTIONNS, AT THE OPTION OF THE COMPANY, TO BE EVIDENCED BY AN OPINION OR COUNSEL SATISFACTORY TO THE COMPANY.

PAYMENT IN FULL SATISFACTION AND DISCHARGE OF NOTE. Upon Closing, Maker agrees to deliver to Holder the following consideration ("“Conversion Payment"”). Seven thousand four hundred One Hundred and forty-one Fifty Six Thousand (7,441156,000) shares of Common Stock of Padova International USA, Inc., par value $.001 per share (the "“Shares"”), representing $1,860.03 39,000.00 of Unpaid Interest at a conversion rate of $.25 per share. The Shares shall bear the following restrictive legend: ALL SHARES OF CAPITAL STOCK ISSUABLE THEREUNDER, HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED ("“THE SECURITIES ACT"”), OR ANY STATE SECURITIES LAWS, AND MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED, HYPOTHECATED OR OTHERWISE DISTRIBUTED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FILED UNDER THE SECURITIES ACT AND ANY APPLICABLE STATE SECURITIES LAWS OR EXEMPTIONS THEREFROM, SUCH EXEMPTIONNS, AT THE OPTION OF THE COMPANY, TO BE EVIDENCED BY AN OPINION OR COUNSEL SATISFACTORY TO THE COMPANY.