Common Contracts

3 similar Convertible Note contracts by Grip Technologies Inc, Zaxis International Inc

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FOR VALUE RECEIVED, on or before the undersigned, Grip ---------------- Technologies, Inc., a California corporation ("Borrower"), promises to pay to the order of , or its successors or assigns --------------------------- ("Holder"), at the principal...
Convertible Note • June 16th, 1997 • Grip Technologies Inc • Motor homes

Notwithstanding any other provisions of this note, if at the time of conversion, Borrower is obligated to withhold any amount of the interest to be converted for either federal or state income tax purposes, then, at Borrower's option, Borrower may either (i) require Holder to pay the entire amount of such withholding as a condition to the exercise by Holder of its conversion right, or (ii) require that Holder not convert that portion of the interest which is required to be withheld.

EXHIBIT 4.5 CONVERTIBLE NOTE
Convertible Note • November 12th, 1996 • Grip Technologies Inc • Motor homes

The principal and accrued interest on this Note are convertible, at the option and in the discretion of the Holder, wholly or in part for shares of Borrower's common stock at a conversion price of $1.75 per share until May 31, 1997 ("Expiration Date"). To exercise Holder's conversion rights, Holder shall deliver written notice to Borrower no later than 10:00 a.m. Pacific time on the Expiration Date or the Prepayment Date, whichever is earlier, indicating the amount of principal and accrued interest to be converted to shares of common stock. Such shares shall be "restricted securities," as defined in Rule 144 under the Securities Act of 1933, and shall bear a legend indicating their restricted nature. However, Holder shall have "piggyback" registration rights with respect to said shares in any registration statement filed by Holder on or prior to May 31, 1997, unless such registration statement is not suitable for the sale of such shares, for example, and not by limitation, the registra

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