Common use of Conversion Agreement Clause in Contracts

Conversion Agreement. Upon any conversion under this Note, the Holder shall deliver to the Company a Conversion Agreement in substantially the form set forth in Exhibit I hereto, except that if the shares issuable upon such conversion are not to be issued in the name of the Holder, the Conversion Agreement shall also state the name of the Person to whom the certificates for such shares are to be issued, and if the number of such shares to be issued does not include all of the shares of Conversion Stock issuable hereunder, it shall also state the name of the Person to whom a new Note is to be issued.

Appears in 2 contracts

Sources: Convertible Promissory Note (Sportsline Usa Inc), Convertible Promissory Note (Internet Sports Network Inc)