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.