Fixed Conversion Price Clause Samples

Fixed Conversion Price. The “Fixed Conversion Price” of obligations set forth in the Promissory Note and this First Amendment, is $0.61 per share, subject to adjustment as set forth below.

Fixed Conversion Price. $_______________________

Fixed Conversion Price. For purposes hereof, subject to Section 3.5 hereof, the "Fixed Conversion Price" means $0.43.

Fixed Conversion Price. For purposes hereof, subject to Section ------------------------ 3.5 hereof, the "FIXED CONVERSION PRICE" means $2.91.

Fixed Conversion Price. The parties agree that the “Fixed Conversion Price,” as defined in the Purchase Agreement, for each Preferred Share to be issued hereunder shall be based upon the result of 110% multiplied by the VWAP of the common stock of the Company on the First Closing Date of the Purchase Agreement, which equals $0.0101, and not the First Amended Closing.

Fixed Conversion Price. The “Fixed Conversion Price” of obligations set forth in the Fourth Amendment to Unsecured Line of Credit Promissory Note and all amendments thereto is $7.85 per share (which is the Historical NOCP as of April 7, 2025), subject to adjustment as set forth below.

Fixed Conversion Price. For purposes hereof, subject to Section 3.5 hereof, the "FIXED CONVERSION Price" $2.11 (which has been determined on the date of this Note as an amount equal to 103% of the average closing price of the Common Stock for the ten (10) trading days immediately prior to the date of this Note, but not greater than 110% of the closing price on the trading day immediately prior to the date of this Note).

Fixed Conversion Price. The Note shall be convertible into shares of common stock of Borrower at a fixed conversion price of Two Dollars and Sixty Cents ($2.60) per share (the “Conversion Price”).

Fixed Conversion Price. Holder is entitled to convert the unpaid Face Amount of this Debenture, plus accrued interest, any time following a Issuance Date, at the lesser of the following prices: (i) the lowest closing Best Bid (as defined in the Investment Agreement of this date between the Company and the Holder) price of the Common Stock between February 1, 2006 and the date of filing the registration statement covering resale of the shares underlying this Debenture; or (ii) at nine cents ($.09). The lesser of (i) and (ii) shall become the "Fixed Conversion Price", as defined herein. No fractional shares or scrip representing fractions of shares will be issued on conversion, but the number of shares issuable shall be rounded up, as the case may be, to the nearest whole share. The Holder shall retain all rights of conversions during any partial trading days.