Common use of Conversion on Maturity Clause in Contracts

Conversion on Maturity. Should the Company not repay the Note in full prior to the Maturity Date, the entire principal amount and accrued interest shall at the option of the Holder be converted into shares of the Company’s common stock as of the Maturity Date at a conversion rate of $0.25 per share or such other amount as determined in accordance with Section 3(d) (such conversion rate, as adjusted, being the “Conversion Price”).

Conversion on Maturity. Should the Company not repay the Note in full prior to the Maturity Date, the entire principal amount and accrued interest shall at the option of the Holder be converted into shares of the Company’s common stock as of the Maturity Date at a conversion rate of $0.25 0.10 per share or such other amount as determined in accordance with Section 3(d) (such conversion rate, as adjusted, being the “Conversion Price”).