Common use of Stock Conversion Agreement Clause in Contracts

Stock Conversion Agreement. The Lender has the right to convert the loan at anytime prior to repayment by the barrower to convert the loan into the common stock of the company at $0.30 thirty cents per share.

Stock Conversion Agreement. The Lender has the right to convert the loan at anytime prior to repayment of the Loan in full by the barrower Borrower to convert the loan Loan, or any portion of it, into the common stock of the company Borrower at $0.30 thirty cents per share, at which time Borrower will promptly deliver certificates for the converted shares to Lender.