Common use of Conversion Mechanics Clause in Contracts

Conversion Mechanics. (a) The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing that portion of the principal and interest to be converted, if any, by the then applicable Conversion Price. The initial Conversion Price shall be $1.50 per share. (b) The Conversion Price and number and kind of shares or other securities to be issued upon conversion is subject to adjustment from time to time upon the occurrence of certain events, as follows:

Appears in 1 contract

Sources: Securities Purchase Agreement (AGU Entertainment Corp.)

Conversion Mechanics. (a) The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing that portion of the principal and interest and fees to be converted, if any, by the then applicable Conversion Price. The initial . (b) On the issue date hereof and until such time as an adjustment shall occur, the Conversion Price shall be $1.50 0.20 per share. (b) . The Conversion Price and number and kind of shares or other securities to be issued upon conversion is subject to adjustment from time to time upon the occurrence of certain events, as follows:

Appears in 1 contract

Sources: Convertible Term Note (Andina Gold Corp.)

Conversion Mechanics. (a) The number of shares of Common Stock common stock to be issued upon each conversion of this Note Debenture shall be determined by dividing that portion of the principal amount and interest to be converted, if any, by the then applicable Conversion Price. The initial Conversion Price shall be converted at $1.50 per shareshare (the “Conversion Price”). (b) The Conversion Price and number and kind of shares or other securities to be issued upon conversion is subject to adjustment from time to time upon the occurrence of certain events, as follows:

Appears in 1 contract

Sources: Stock Purchase Agreement (Catalyst Ventures Inc)

Conversion Mechanics. (a) The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing that portion of the principal and interest and fees to be converted, if any, by the then applicable Conversion Price. The initial Conversion Price shall be $1.50 per share. (b) On the issue date hereof and until such time as an adjustment shall occur, the Conversion Price shall be US$0.20 per share. The Conversion Price and number and kind of shares or other securities to be issued upon conversion is subject to adjustment from time to time upon the occurrence of certain events, as follows:

Appears in 1 contract

Sources: Convertible Term Note (Andina Gold Corp.)

Conversion Mechanics. (a) The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing that portion of the principal and interest and fees to be converted, if any, by the then applicable Conversion Price. The initial . (b) On the issue date hereof and until such time as an adjustment shall occur, the Conversion Price shall be $1.50 0.10 per share. (b) . The Conversion Price and number and kind of shares or other securities to be issued upon conversion is subject to adjustment from time to time upon the occurrence of certain events, as follows:

Appears in 1 contract

Sources: Convertible Term Note (Cryomass Technologies, Inc.)

Conversion Mechanics. (a) The number of shares of Common Stock of the Borrower to be issued upon each conversion of this Note shall be determined by dividing that portion of the principal and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price, which for purposes hereof shall initially be $1.00. The initial Conversion Price shall be $1.50 per share. (b) The Fixed Conversion Price and number and kind of shares or other securities to be issued upon conversion is subject to adjustment from time to time upon the occurrence of certain events, as follows:

Appears in 1 contract

Sources: Secured Convertible Term Note (Epixtar Corp)