Common use of Note Conversion Clause in Contracts

Note Conversion. All principal and interest (including default interest) pursuant to the August 08 TP Loan and the December 08 TP Loan shall be converted into common stock of the Company, at the price of $0.20 (twenty cents) per share, as of the Effective Date of this Agreement.

Appears in 2 contracts

Sources: Conversion Agreement (Northwest Biotherapeutics Inc), Conversion Agreement (Northwest Biotherapeutics Inc)