Convertibility. The terms and conditions of the underlying Debt shall be so modified or amended as to include a convertibility provision allowing the Investor to convert into common voting stock ninety days after the effective date of this Agreement (the “Conversion Shares”) at the price of 20% discount of the average closing price over the five trading days prior to the day of conversion (the “Conversion Price”).
Appears in 2 contracts
Sources: Wrap Around Agreement (Flint Telecom Group Inc.), Wrap Around Agreement (Flint Telecom Group Inc.)