Common use of Conversion to Common Stock Clause in Contracts

Conversion to Common Stock. Effective as of the date hereof, the Unpaid Amount (the “Converted Unpaid Amount”) shall be converted into 114,758 shares of the Company’s Common Stock (the “Conversion Shares”), at a conversion price equal to $12.00 per share. Upon execution of this Agreement, the Company shall instruct its transfer agent to issue such Conversion Shares in the name of Vendor.

Conversion to Common Stock. Effective as of the date hereof, the Unpaid Amount Salary (the “Converted Unpaid Salary Amount”) shall be converted into 114,758 9,583 shares of the Company’s Common Stock (the “Conversion Shares”), at a conversion price equal to $12.00 per share. Upon execution of this Agreement, the Company shall instruct its transfer agent to issue such Conversion Shares in the name of VendorLender.

Conversion to Common Stock. Effective as of the date hereof, the Unpaid Amount (the “Converted Unpaid Amount”) shall be converted into 114,758 12,500 shares of the Company’s Common Stock (the “Conversion Shares”), at a conversion price equal to $12.00 per share. Upon execution of this Agreement, the Company shall instruct its transfer agent to issue such Conversion Shares in the name of Vendor.

Conversion to Common Stock. Effective as of the date hereof, the Unpaid Amount Salary (the “Converted Unpaid Salary Amount”) shall be converted into 114,758 24,792 shares of the Company’s Common Stock (the “Conversion Shares”), at a conversion price equal to $12.00 per share. Upon execution of this Agreement, the Company shall instruct its transfer agent to issue such Conversion Shares in the name of VendorLender.