Conversion Agreement and Amendment Sample Contracts

CONVERSION AGREEMENT AND AMENDMENT
Conversion Agreement and Amendment • May 16th, 2007 • North American Technologies Group Inc /Tx/ • Industrial organic chemicals

This Conversion Agreement and Amendment (the “Agreement”) is made as of March 7, 2007, among North American Technologies Group, Inc., a Delaware corporation (the “Company”), and the holders of the 7% Convertible Debentures due on July 1, 2008, as amended (the “Debentures”), of the Company (each individually a “Holder” and collectively the “Holders”). Capitalized terms used but not defined herein shall have the meanings given them in the Debenture.

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