Common use of Conversion and Exchange Clause in Contracts

Conversion and Exchange. On the terms and subject to the conditions set forth in this Agreement, at the Closing (as defined below) the Obligations shall be deemed converted and satisfied in full in return for the issuance to the Holder of 570,414 shares of Common Stock (the “Exchange Shares”).

Conversion and Exchange. On the terms and subject to the conditions set forth in this Agreement, at the Closing (as defined below) the Obligations shall be deemed converted and satisfied in full in return for the issuance to the Holder of 570,414 514,893 shares of Common Stock (the “Exchange Shares”).