Common use of Debenture Convertibility Clause in Contracts

Debenture Convertibility. 4.3.1. As of the Maturity Date, as defined below, the Debenture shall be mandatorily converted into two hundred and eight million, five hundred and ninety-nine thousand, one hundred and twenty-six (208,599,126) common shares and one hundred and seventy-nine million, four hundred and eighty-two thousand, four hundred and twenty-three (179,482,423) registered preferred shares, with no par value, issued by the Issuer (“Conversion Ratio”). 4.3.2. By the Maturity Date or for as long as the right to conversion may be exercised, any amendment to the Issuer’s By-Laws shall require the prior approval of the Debentureholder if any such amendment is intended to resolve on: (i) modification of the business purpose of the Issuer; and (ii) creation of preferred shares or modification of the preferences of the existing ones, to the detriment of the shares into which the Debenture is convertible.

Debenture Convertibility. 4.3.1. As of the Maturity Date, as defined below, the Debenture shall be mandatorily converted into two four hundred and eight ten million, five one hundred and six thousand, three hundred and ninety-nine thousand, one hundred and twenty-six (208,599,126410,106,399) common shares and one three hundred and seventyfifty-nine two million, four eight hundred and sixty-two thousand, eight hundred and eighty-two thousand, four hundred and twenty-three seven (179,482,423352,862,887) registered preferred shares, with no par value, issued by the Issuer (“Conversion Ratio”). 4.3.2. By the Maturity Date or for as long as the right to conversion may be exercised, any amendment to the Issuer’s By-Laws shall require the prior approval of the Debentureholder if any such amendment is intended to resolve on: (i) modification of the business purpose of the Issuer; and (ii) creation of preferred shares or modification of the preferences of the existing ones, to the detriment of the shares into which the Debenture is convertible.