Common use of Conversion Option Clause in Contracts

Conversion Option. (a) At any time and from time to time on or after the Issuance Date, this Note shall be convertible (in whole or in part), at the option of the Holder (the “Conversion Option”), into such number of fully paid and non-assessable shares of Common Stock (the “Conversion Rate”) as is determined by dividing (x) that portion of the outstanding principal balance plus any accrued but unpaid interest under this Note as of such date that the Holder elects to convert by (y) the Conversion Price (as defined in Section 3.2 hereof) then in effect on the date on which the Holder faxes a notice of conversion (the “Conversion Notice”), duly executed, to the Maker (facsimile number (▇▇▇) ▇▇▇-▇▇▇▇, Attn.: CFO) (the “Voluntary Conversion Date”), provided, however, that the Conversion Price shall be subject to adjustment as described in Section 3.5

Conversion Option. (a) At any time and from time to time on or after the Issuance Date, this Note shall be convertible (in whole or in part), at the option of the Holder (the “Conversion Option”), into such number of fully paid and non-assessable shares of Common Stock (the “Conversion Rate”) as is determined by dividing (x) that portion of the outstanding principal balance plus any accrued but unpaid interest under this Note as of such date that the Holder elects to convert by (y) the Conversion Price (as defined in Section 3.2 3.02 hereof) then in effect on the date on which the Holder faxes a notice of conversion (the “Conversion Notice”), duly executed, to the Maker (facsimile number (▇▇▇) ▇▇▇-▇▇▇▇, Attn.: CFOChief Executive Officer) (the “Voluntary Conversion Date”), ; provided, however, that the Conversion Price shall be subject to adjustment as described in Section 3.53.05

Conversion Option. (a) At any time and from time to time on or after the Issuance Date, this Note shall be convertible (in whole or in part), at the option of the Holder (the “"Conversion Option”"), into such number of fully paid and non-assessable shares of Common Stock (the “"Conversion Rate”") as is determined by dividing (x) that portion of the outstanding principal balance plus any accrued but unpaid interest under this Note as of such date that the Holder elects to convert by (y) the Conversion Price (as defined in Section 3.2 3.2(a) hereof) then in effect on the date on which the Holder faxes a notice of conversion (the “"Conversion Notice”"), duly executed, to the Maker (facsimile number (▇▇▇) ▇▇▇-▇▇▇▇, Attn.: CFOChief Executive Officer) (the “"Voluntary Conversion Date”"), provided, however, that the Conversion Price shall be subject to adjustment as described in Section 3.53.6

Conversion Option. (a) At any time and from time to time on or after the Issuance Date, this Note shall be convertible (in whole or in part), at the option of the Holder (the “"Conversion Option”"), into such number of fully paid and non-assessable shares of Common Stock (the “"Conversion Rate”") as is determined by dividing (x) that portion of the outstanding principal balance plus any accrued but unpaid interest under this Note as of such date that the Holder elects to convert by (y) the Conversion Price (as defined in Section 3.2 3.2(a) hereof) then in effect on the date on which the Holder faxes a notice of conversion (the “"Conversion Notice”"), duly executed, to the Maker (facsimile number (▇▇▇) ▇▇▇-▇▇▇▇, Attn.: CFOChief Executive Officer) (the “Voluntary Conversion Date”), provided, however, that the Conversion Price shall be subject to adjustment as described in Section 3.53.6

Conversion Option. (a) At any time and from time to time on or after the Issuance Date, this Note shall be convertible (in whole or in part), at the option of the Holder (the “Conversion Option”"CONVERSION OPTION"), into such number of fully paid and non-assessable shares of Common Stock (the “Conversion Rate”"CONVERSION RATE") as is determined by dividing (x) that portion of the outstanding principal balance plus any accrued but unpaid interest under this Note as of such date that the Holder elects to convert by (y) the Conversion Price (as defined in Section 3.2 hereofhereinafter defined) then in effect on the date on which the Holder faxes a notice of conversion (the “Conversion Notice”"CONVERSION NOTICE"), duly executed, to the Maker (facsimile number (▇▇▇617) ▇▇▇349-▇▇▇▇0898, Attn.: CFOChief Financial Officer) (the “Voluntary Conversion Date”"VOLUNTARY CONVERSION DATE"), provided, however, that the Conversion Price shall be subject to adjustment as described in Section 3.53.6

Conversion Option. (a) At any time and from time to time on or after the Issuance Date, this Note shall be convertible (in whole or in part), at the option of the Holder (the “"Conversion Option”"), into such number of fully paid and non-assessable shares of Common Stock (the “"Conversion Rate”") as is determined by dividing (x) that portion of the outstanding principal balance plus any accrued but unpaid interest under this Note as of such date that the Holder elects to convert by (y) the Conversion Price (as defined in Section 3.2 3.2(a) hereof) then in effect on the date on which the Holder faxes a notice of conversion (the “"Conversion Notice”"), duly executed, to the Maker (facsimile number (▇▇80▇) ▇▇▇-▇▇▇▇, Attn▇ttn.: CFOChief Executive Officer) (the “Voluntary Conversion Date”), provided, however, that the Conversion Price shall be subject to adjustment as described in Section 3.53.6

Conversion Option. (a) At any time and from time to time on or after the Issuance Date, this Note shall be convertible (in whole or in part), at the option of the Holder (the “"Conversion Option”"), into such number of fully paid and non-assessable shares of Common Stock (the “"Conversion Rate”") as is determined by dividing (x) that portion of the outstanding principal balance plus any accrued but unpaid interest under this the Note as of such date that the Holder elects to convert by (y) the Conversion Price (as defined in Section 3.2 hereofhereinafter defined) then in effect on the date on which the Holder faxes a notice of conversion (the “"Conversion Notice”"), duly executed, to the Maker (facsimile number (▇▇▇) ▇▇▇-▇▇▇▇, Attn.: CFOChief Financial Officer) (the “Voluntary "Conversion Date”"), provided, however, that the Conversion Price shall be subject to adjustment as described in Section 3.53.6

Conversion Option. (a) At any time and from time to time on or after the Issuance Date, this Note shall be convertible (in whole or in part), at the option of the Holder (the “"Conversion Option”"), into such number of fully paid and non-assessable shares of Common Stock (the “"Conversion Rate”") as is determined by dividing (x) that portion of the outstanding principal balance plus any accrued but unpaid interest under this Note as of such date that the Holder elects to convert by (y) the Conversion Price (as defined in Section 3.2 3.2(a) hereof) then in effect on the date on which the Holder faxes a notice of conversion (the “"Conversion Notice”"), duly executed, to the Maker (facsimile number (▇▇▇) ▇▇▇-▇▇▇▇, Attn.: CFOChief Executive Officer) (the “"Voluntary Conversion Date”"), provided, however, that the Conversion Price shall be subject to adjustment as described in Section 3.53.6

Conversion Option. (a) At any time and from time to time on or after the Issuance Date, this Note shall be convertible (in whole or in part), at the option of the Holder (the “Conversion Option”), into such number of fully paid and non-assessable shares of Common Stock (the “Conversion Rate”) as is determined by dividing (x) that portion of the outstanding principal balance plus any accrued but unpaid interest under this Note as of such date that the Holder elects to convert by (y) the Conversion Price (as defined in Section 3.2 hereof) then in effect on the date on which the Holder faxes a notice of conversion (the “Conversion Notice”), duly executed, to the Maker (facsimile number number: (▇▇▇) ▇▇▇-▇▇▇▇, Attn.: CFO▇▇▇▇▇ ▇▇▇▇▇▇) (the “Voluntary Conversion Date”), provided, however, that the Conversion Price shall be subject to adjustment as described in Section 3.5

Conversion Option. (a) At any time and from time to time on or after the Issuance Date, this Note shall be convertible (in whole or in part), at the option of the Holder (the “"Conversion Option”"), into such number of fully paid and non-assessable shares of Common Stock (the “"Conversion Rate”") as is determined by dividing (x) that portion of the outstanding principal balance plus any accrued but unpaid interest under this Note as of such date that the Holder elects to convert by (y) the Conversion Price (as defined in Section 3.2 3.2(a) hereof) then in effect on the date on which the Holder faxes a notice of conversion (the “"Conversion Notice”"), duly executed, to the Maker (facsimile at the Fax number (▇▇▇) ▇▇▇-▇▇▇▇provided in the Purchase Agreement, Attn.: CFO) Chief Executive Officer (the “"Voluntary Conversion Date”"), provided, however, that the Conversion Price shall be subject to adjustment as described in Section 3.53.6

Conversion Option. (a) At any time and from time to time on or after the Issuance Date, ----------------- this Note shall be convertible (in whole or in part), at the option of the Holder (the “"Conversion Option”"), into such number of fully paid and non-non- ----------------- assessable shares of Common Stock (the “"Conversion Rate”") as is determined by --------------- dividing (x) that portion of the outstanding principal balance plus any accrued but unpaid interest under this the Note as of such date that the Holder elects to convert by (y) the Conversion Price (as defined in Section 3.2 hereofhereinafter defined) then in effect on the date on which the Holder faxes a notice of conversion (the “"Conversion Notice”"), duly executed, to the Maker ----------------- (facsimile number (▇▇▇) ▇▇▇-▇▇▇▇, Attn.: CFOChief Financial Officer) (the “Voluntary "Conversion Date”"), provided, however, that the Conversion Price shall be --------------- subject to adjustment as described in Section 3.53.6 below.

Conversion Option. (a) At any time and from time to time on or after the Issuance Date, this Note shall be convertible (in whole or in part), at the option of the Holder (the “"Conversion Option”"), into such number of fully paid and non-assessable shares of Common Stock (the “"Conversion Rate”") registered under Form S-8 as is determined by dividing (x) that portion of the outstanding principal balance plus any accrued but unpaid interest under this Note as of such date that the Holder elects to convert by (y) the Conversion Price (as defined in Section 3.2 3.2(a) hereof) then in effect on the date on which the Holder faxes a notice of conversion (the “"Conversion Notice”"), duly executed, to the Maker (facsimile number (▇▇▇650) ▇▇▇745-▇▇▇▇2677, Attn.: CFOChief Executive Officer) (the “"Voluntary Conversion Date”"), provided, however, that the Conversion Price shall be subject to adjustment as described in Section 3.5,

Conversion Option. (a) At any time and from time to time on or after the Issuance Date, this Note shall be convertible (in whole or in part), at the option of the Holder (the “"Conversion Option”"), into such number of fully paid and non-assessable shares of Common Stock (the “"Conversion Rate”") as is determined by dividing (x) that portion of the outstanding principal balance plus any accrued but unpaid interest under this Note as of such date that the Holder elects to convert by (y) the Conversion Price (as defined in Section 3.2 3.2(a) hereof) then in effect on the date on which the Holder faxes a notice of conversion (the “"Conversion Notice”"), duly executed, to the Maker (facsimile number (▇▇▇) ▇▇▇-▇▇▇▇, Attn.: CFOPresident) (the “Voluntary Conversion Date”), provided, however, that the Conversion Price shall be subject to adjustment as described in Section 3.5the

Conversion Option. (a) At any time and from time to time on or after the Issuance Date, this Note shall be convertible (in whole or in part), at the option of the Holder (the “"Conversion ---------- Option”"), into such number of fully paid and non-assessable shares of Common ------ Stock (the “"Conversion Rate”") as is determined by dividing (x) that portion of --------------- the outstanding principal balance plus any accrued but unpaid interest under this Note as of such date that the Holder elects to convert by (y) the Conversion Price (as defined in Section 3.2 3.2(a) hereof) then in effect on the date on which the Holder faxes a notice of conversion (the “"Conversion Notice”"), duly executed, to the Maker (facsimile ------------------ number (▇▇▇678) ▇▇▇443-2320, Attn.: Chief ▇▇▇▇, Attn.: CFO▇▇▇▇▇ ▇▇▇icer) (the “Voluntary "Conversion Date”"), --------------- provided, however, that the Conversion Price shall be subject to adjustment as described in Section 3.53.6

Conversion Option. (a) At any time and from time to time on or after the Issuance Date, this Note shall be convertible (in whole or in part), at the option of the Holder (the “Conversion Option”)Holder, into such number of fully paid and non-assessable shares of Common Stock (the “Conversion Rate”) as is determined by dividing (x) that portion of the outstanding principal balance plus any accrued but unpaid interest under this Note as of such date that the Holder elects to convert by (y) the Conversion Price (as defined in Section 3.2 3.2(a) hereof) then in effect on the date on which the Holder faxes a notice of conversion (the “Conversion Notice”), duly executed, to the Maker Cyber (facsimile number (▇▇▇( ) ▇▇▇____-▇▇▇▇____, Attn.: CFOChief Executive Officer) (the “Voluntary Conversion Date”), provided, however, that the Conversion Price shall be subject to adjustment as described in Section 3.53.4