Conversion of ▇▇▇▇▇▇▇ Preferred Stock Sample Clauses

Conversion of ▇▇▇▇▇▇▇ Preferred Stock. Pursuant to Section 3 of the Certificate of Designations of Series A Convertible Preferred Stock of the Company, ▇▇▇▇▇▇▇ hereby elects to convert all of its shares of Series A Preferred Stock into Common Stock on the date hereof. In accordance with such election, ▇▇▇▇▇▇▇ hereby tenders to the Company for conversion its share certificate representing all of the 2,840,000 shares of Series A Preferred Stock held by ▇▇▇▇▇▇▇. Promptly following the execution and delivery of this Agreement by the Parties, and in full satisfaction of such conversion, the Company shall issue and deliver to ▇▇▇▇▇▇▇ a share certificate representing 946,667 shares of Common Stock.