Common use of Conversion Provisions Clause in Contracts

Conversion Provisions. Section 4 of the Debenture is hereby deleted in its entirety. At the Closing (as defined in Section 3 below), the Company shall issue to the Investor Vision Units, each comprised of (i) one share of Common Stock (the “Vision Shares”), (ii) one warrant substantially identical to the Class H Warrants (the “Vision H Warrants”) and (iii) one warrant substantially identical to the Class I Warrants (the “Vision I Warrants” and, together with the Vision H Warrants, the “Vision Warrants”) in consideration for the cancellation by the Investor of $3,500,000.00 principal amount of the Debenture and accrued interest thereon. The number of Vision Units shall equal the total amount of principal and interest accrued through the date of the Closing divided by the Conversion Price; provided, however, that the Company shall pay cash in lieu of any fractional Vision Units that would otherwise be issuable upon the Conversion.

Conversion Provisions. On the Closing Date (as defined in Section 3 below) Section 4 of the Debenture is hereby will be deleted in its entirety. At the Closing (as defined in Section 3 below), the Company shall issue to the Investor Vision Units, each comprised of (i) one share of Common Stock (the “Vision Shares”), (ii) one warrant substantially identical to the Class H Warrants (the “Vision H Warrants”) and (iii) one warrant substantially identical to the Class I Warrants (the “Vision I Warrants” and, together with the Vision H Warrants, the “Vision Warrants”) in consideration for the cancellation by the Investor of $3,500,000.00 principal amount of the Debenture and accrued interest thereon. The number of Vision Units shall equal the total amount of principal and interest accrued through the date of the Closing divided by the Conversion Price; provided, however, that the Company shall pay cash in lieu of any fractional Vision Units that would otherwise be issuable upon the Conversion.