Conversion calculations. Date pf Conversion --------------------------------------------- Applicable Conversion Price --------------------------------------------- Number of Shares --------------------------------------------- Name/Signature Address: ---------------------------------------------
Conversion calculations. Date to Effect Conversion: Number of shares of Series X1 Preferred Stock owned prior to Conversion: Number of shares of Series X1 Preferred Stock to be Converted: Number of shares of Common Stock to be Issued: Address for delivery of physical certificates: or for DWAC Delivery: DWAC Instructions: Broker no: Account no: HOLDER By: Name: Title:
Conversion calculations. Date to Effect Conversion:_________________________ Principal Amount of Unpaid Advance to be Converted: $__________________ Accrued Interest on Advance to be Converted, if any: $_______________ Conversion Price: $________________ Number of Conversion Shares:_____________ Signature:_______________________________ Print Full Legal Name:_____________________________________________ Address for Delivery of Conversion Shares:____________________________ ______________________________________________________________ ______________________________________________________________ or, if eligible: DWAC Instructions:________________________________ Broker No:_______________ Account No:__________________
Conversion calculations. Date to Effect Conversion:__________________________________________________________________________________ Number of shares of Series Y Preferred Stock owned prior to Conversion:____________________________________________ Number of shares of Series Y Preferred Stock to be Converted:_____________________________________________________ Number of shares of Common Stock to be Issued:_______________________________________________________________ Address for delivery of physical certificates:________________________________________________________________________ ___________________________________________________________________________________________________________ or for DWAC Delivery: DWAC Instructions:_______________________________________________________________________________________ Broker no:_______________________________________________________________________________________________ Account no:______________________________________________________________________________________________ HOLDER By:_____________________________________ Name: Title:
Conversion calculations. (a) The number of shares of Common Stock to be issued upon each conversion of this Note pursuant to this Article III shall be determined by dividing that portion of the Principal Amount and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price.
Conversion calculations. Number of shares of Series A-[●] Preferred Stock owned prior to conversion: [_____] Number of shares of Series A-[●] Preferred Stock to be converted: [_____] Number of shares of Common Stock to be issued: [_____] [HOLDER] By: Name: Title: Date: Annex A-2 Issuer Conversion Notice Battalion Oil Corporation, a Delaware corporation, hereby irrevocably elects to convert the number of shares of Series A-[●] Preferred Stock held by you indicated below into shares of Common Stock at the Conversion Ratio on the date set forth below pursuant to Section 7(b) of the Certificate of Designations. Capitalized terms utilized but not defined herein shall have the meaning ascribed to such terms in that certain Certificate of Designations of Series A-[●] Redeemable Convertible Preferred Stock, filed by Battalion Oil Corporation on [●], 202[●] (the “Certificate of Designations”).
Conversion calculations. Date to Effect Conversion ------------------------------------------------ Principal amount of Debenture owned prior to conversion ------------------------------------------------ Principal amount of Debenture to be Converted (including _______________ of interest added under Section 2(b) of the Debenture) --------------------------------------------------- Principal amount of Debenture remaining after Conversion ------------------------------------------------- Number of shares of Common Stock to be Issued -------------------------------------------------- Applicable Conversion Price -------------------------------------------------- Name of Holder By:_______________________________________________ Name: Title: [ ] By the delivery of this Conversion Notice the Holder represents and warrants to the Company that its ownership of the Common Stock does not exceed the restrictions set forth in Section 5(d)(i) of the Debenture. EXHIBIT B Debentures Due March 28, 2006 COMPANY CONVERSION NOTICE (To be executed by the Company in order to convert the Debenture) The undersigned in the name and on behalf of Millennium Cell Inc., hereby elects to convert the principal amount of Debenture indicated below, into shares of Common Stock (the "Shares") of Millennium Cell Inc. (the "Company"), as of the date written below. If shares are to be issued in the name of a Person other than undersigned, the undersigned will pay all transfer taxes payable with respect thereto and is delivering herewith such certificates and opinions as reasonably requested by the Company in accordance therewith. No fee will be charged to the Holder for any conversion, except for such transfer taxes, if any. All terms used in this notice shall have the meanings set forth in the Debenture. In connection with this conversion, the undersigned hereby represents and warrants to the Company that the representations and warranties of Section 3.2 of the Purchase Agreement are true and correct as of the date hereof as if they had been made on such date with respect to the Shares. The undersigned further acknowledges that the transfer of the Shares to be issued upon exercise of this Debenture is subject to the terms and conditions contained in Section 4.1 of the Purchase Agreement.
Conversion calculations. Date to Effect Conversion ------------------------------------------------ Principal amount of Debenture owned prior to conversion ------------------------------------------------ Principal amount of Debenture to be Converted (including _______________ of interest added under Section 2(b) of the Debenture) --------------------------------------------------- Principal amount of Debenture remaining after Conversion ------------------------------------------------- Number of shares of Common Stock to be Issued -------------------------------------------------- Applicable Conversion Price -------------------------------------------------- Name of Holder By:_______________________________________________ Name: Title: MILLENNIUM CELL INC. By:_______________________________________________ Name: Title: [ ] By the acceptance of this Conversion Notice the Holder represents and warrants to the Company that its ownership of the Common Stock does not exceed the restrictions set forth in Section 5(d)(i) of the Debenture. Schedule 1 CONVERSION SCHEDULE Debentures due March 28, 2006, in the aggregate principal amount of $4,000,000 issued by Millennium Cell Inc. This Conversion Schedule reflects conversions made under the above referenced Debentures. Dated: ------------------------------ -------------------------- --------------------- --------------------------------- Date of Conversion Amount of Conversion Aggregate Principal Applicable Conversion Price Amount Remaining Subsequent to Conversion ------------------------------ -------------------------- --------------------- --------------------------------- ------------------------------ -------------------------- --------------------- --------------------------------- ------------------------------ -------------------------- --------------------- --------------------------------- ------------------------------ -------------------------- --------------------- --------------------------------- ------------------------------ -------------------------- --------------------- --------------------------------- ------------------------------ -------------------------- --------------------- --------------------------------- ------------------------------ -------------------------- --------------------- --------------------------------- ------------------------------ -------------------------- --------------------- --------------------------------- ------------------------------ -------------------------- --------------------- --...
Conversion calculations. Date to Effect Conversion: December ___, 2018 Shares of Series B-3 Preferred owned prior to Conversion: 2,508,000 Series B-3 Preferred to be Converted: Sub-Series B-3A: 375,000 Sub-Series B-3B: 1,125,000 Sub-Series B-3C: 1,008,000 Total: 2,508,000 Stated Value of Shares of Series B-3 Preferred to be Converted: $1.00 Applicable Conversion Price for Each Sub-Series: Sub-Series B-3A: $2.69375 Sub-Series B-3B: $1.49375 Sub-Series B-3C: $1.12375 Conversion Amount 5: [Insert Conversion Amount] Number of Shares of Common Stock to be Issued for Each Sub-Series 6: Sub-Series B-3A: [TBD] Sub-Series B-3B: [TBD] Sub-Series B-3C: [TBD] Total: [TBD] Number of Shares of Series B-3 Preferred Owned Subsequent to Conversion: 0
Conversion calculations. Principal Amount of Debentures to be Converted ------------------------------------------------ ------------------------------------------------ Applicable Conversion Price (Pursuant to Section 4(c)(v)) ------------------------------------------------ ------------------------------------------------ Signature ------------------------------------------------ Name ------------------------------------------------ Address 137 EXHIBIT B MERGER AGREEMENT (Filed as EXHIBIT 2.1 to this Form 8-K) EXHIBIT C CONVERSION PROCEDURE
