Conversion Terms definition

Conversion Terms has the meaning ascribed thereto in the opening paragraphs of this Agreement;

Conversion Terms means the terms, conditions and other provisions set forth in Article 10 of the Note Purchase Agreement.

Conversion Terms means the final terms that each Debt Holder and the Company have agreed upon as set forth in each final executed Conversion Agreement, which shall be in the form attached hereto as Exhibit B. The parties understand that, although based on the form of Conversion Agreement attached hereto as Exhibit B, the Company and each Debt Holder will negotiate the specific terms of each conversion and that such specific terms may be different among the Debt Holders. Accordingly, the parties acknowledge that the Company may offer debt conversion terms to Debt Holders at a discount of up to10% of the Closing Share Price of the Offering. For the avoidance of doubt, as of October 19, 2015, such discounted conversion price is set at $0.032 per share of the Company’s common stock. Further, the Company may choose to make the debt conversions effective only upon the Company receiving the Minimum Offering Amount.

Examples of Conversion Terms in a sentence

• Conversion Terms : 5% discount to previous 10 days VWAP( value weighted average price) of Cootamundra Oilseeds shares listed on Nasdaq from the day notice.

• Indicate by check mark whether there are any outstanding promissory, convertible notes, convertible debentures, or any other debt instruments that may be converted into a class of the issuer’s equity securities: No: ☒ Yes: ☐ (If yes, you must complete the table below) Date of Note Issuance Outstanding Balance ($) Principal Amount at Issuance ($) Interest Accrued ($) Maturity Date Conversion Terms (e.g. pricing mechanism for determining conversion of instrument to shares) Name of Noteholder.

• At the date of this Agreement, the securities to be exchanged for the Conversion Value at the Original Conversion Terms include (i) six million two hundred fifty thousand (6,250,000) shares of Common Stock (the "Shares"), and (ii) threeyear warrants (the "Warrants") to purchase an additional three million one hundred twenty five thousand (3,125,000) shares of Common Stock (the "Warrant Shares") pursuant to the terms and conditions of this Agreement.

• If at some later date, during the Reset Period, Magnitude entered into a New Transaction including terms of conversion of $0.01 per share, then the Reset Provision would acknowledge the new conversion rate of $0.01 per share to be known as the Adjusted Conversion Terms which would have converted the Conversion Value into ten million (10,000,000) shares of Common Stock and five million (5,000,000) Warrants.

• OTC Pink Basic Disclosure Guidelines (January 1, 2023) Page 9 of 28 Date of Note Issuance Outstanding Balance ($) Principal Amount at Issuance ($) Interest Accrued ($) Maturity Date Conversion Terms (e.g. pricing mechanism for determining conversion of instrument to shares) Name of Noteholder.

More Definitions of Conversion Terms

Conversion Terms as follows: conversion to new XXXX shares shall be permitted after the up-list of XXXX to NASDAQ or NYSE at price per share equal to or greater than the minimum price per share required for the up-list (“Up List Price”) and the passage of minimum time of any regulatory period for the shares being free to trade (“Free Trading Date”). After the up-list, the “New Notes Conversion Amount” shall be the Tranche Size (defined below) of the New Notes Principal Amount (Debt) or New Notes Principal Amount (Preferred) divided by 100% of the average price per share of XXXX for the immediately preceding twelve (12) trading days (“Determination Period”) with such share price subject to an increase cap of two hundred fifty percent (250%) of the Up List Price (“Conversion Price”) to estimate the number of new XXXX shares, with final share amount issued to be rounded down (no fractional shares). The daily liquidation by any Holder of such block of new XXXX shares as issued (“Tranche Block”) shall be limited to no more than 5% of the average trading volume of the prior five (5) trading days subject to a minimum of 0.3125% per trading day (derived from 25% divided by 80 trading days) times the Tranche Size defined below (“Liquidation Limit”). “Trading Restrictions” for these new XXXX shares are listed as 2) and 3) below: 2) For any sale proposed by any Holder of the new XXXX shares in excess of the Liquidation Limit size (i.e. a block trade), XXXX will have a) the right of first refusal to purchase such block at a price equal to the average price per share of the prior five (5) trading days using the closing price, and b) if not purchased by XXXX, XXXX will have approval rights of the counter party proposed by any Holder for such block trade Initials: ______ / ______

Conversion Terms means the holder of this Note is entitled to all of the benefits and subject to all of the obligations provided for in the Subscription Agreement and Investment Letter and this Note, including the rights and obligations to convert as described herein.

Conversion Terms means the conversion terms as defined in Clause 7. Event of Default any event or circumstance described in Clause 11.1 (Events of Defa





). Fee the fee as defined in Clause 12.1. Finance Documents this Agreement (including Schedules and Annexes enclosed hereto), the Conversion Terms and the Security Agreements. Financial Indebtedness in accordance with IFRS, in particular any indebtedness, for or in respect of, without duplication:

Conversion Terms are the loan terms and conditions set forth on Exhibit E.

Conversion Terms. The two offerings of Preferred Stock are convertible into shares of Common Stock according on the following schedule:

Conversion Terms as follows: conversion to new XXXX shares shall be permitted after the up-list of XXXX to NASDAQ or NYSE at price per share equal to or greater than the minimum price per share required for the up-list (“Up List Price”) and the passage of minimum time of any regulatory period for the shares being free to trade (“Free Trading Date”). After the up-list, the “New Notes Conversion Amount” shall be the Tranche Size (defined below) of the New Notes Principal Amount (Debt) or New Notes Principal Amount (Preferred) divided by 100% of the average price per share of XXXX for the immediately preceding twelve (12) trading days (“Determination Period”) with such share price subject to an increase cap of two hundred fifty percent (250%) of the Up List Price (“Conversion Price”) to estimate the number of new XXXX shares, with final share amount issued to be rounded down (no fractional shares). The daily liquidation by any Holder of such block of new XXXX shares as issued (“Tranche Block”) shall be limited to no more than 5% of the average trading volume of the prior five (5) trading days subject to a minimum of 0.3125% per trading day (derived from 25% divided by 80 trading days) times the Tranche Size defined below (“Liquidation Limit”). “Trading Restrictions” for these new XXXX shares are listed as 2) and 3) below: Initials: ______ / ______

Conversion Terms shall be the terms and conditions of the conversion of the Company’s Shares into common stock of the Company as set forth in the Certificate.