{"component": "definition", "props": {"groups": [{"snippet_links": [{"key": "conversion-of", "type": "clause", "offset": [10, 23]}, {"key": "convertible-preferred-stock", "type": "definition", "offset": [28, 55]}, {"key": "mandatory-conversion", "type": "definition", "offset": [69, 89]}], "samples": [{"hash": "2fJRFBgDUDp", "uri": "/contracts/2fJRFBgDUDp#optional-conversion", "label": "Investment Agreement (Rhythm Pharmaceuticals, Inc.)", "score": 35.2477760315, "published": true}, {"hash": "73P9eQkR9A0", "uri": "/contracts/73P9eQkR9A0#optional-conversion", "label": "Exchange Agreement (Comtech Telecommunications Corp /De/)", "score": 32.9493484497, "published": true}, {"hash": "7LwloHQwrI2", "uri": "/contracts/7LwloHQwrI2#optional-conversion", "label": "Merger Agreement (M3-Brigade Acquisition II Corp.)", "score": 32.6249160767, "published": true}], "size": 35, "snippet": "means the conversion of any Convertible Preferred Stock other than a Mandatory Conversion.", "hash": "4f3eaceecedbd34fcdc03187a3c9a81d", "id": 1}, {"snippet_links": [], "samples": [{"hash": "bucbPSzuMxt", "uri": "/contracts/bucbPSzuMxt#optional-conversion", "label": "Standby Equity Purchase Agreement (Aeva Technologies, Inc.)", "score": 34.8507881165, "published": true}, {"hash": "k5h9QStRw0L", "uri": "/contracts/k5h9QStRw0L#optional-conversion", "label": "Investment Agreement (Bright Health Group Inc.)", "score": 33.774810791, "published": true}, {"hash": "47IYLWCdVrJ", "uri": "/contracts/47IYLWCdVrJ#optional-conversion", "label": "Backstop Agreement (Gores Holdings VIII Inc.)", "score": 33.6789855957, "published": true}], "size": 31, "snippet": "has the meaning set forth in Section 6(a).", "hash": "09c3af1ee64ce4bb04ac030134becc51", "id": 2}, {"snippet_links": [{"key": "conversion-of", "type": "clause", "offset": [10, 23]}, {"key": "convertible-preferred-stock", "type": "definition", "offset": [28, 55]}, {"key": "pursuant-to-a", "type": "definition", "offset": [67, 80]}, {"key": "mandatory-conversion", "type": "definition", "offset": [81, 101]}], "samples": [{"hash": "3B0DqGvGfxu", "uri": "/contracts/3B0DqGvGfxu#optional-conversion", "label": "Securities Purchase Agreement (Azz Inc)", "score": 33.3696098328, "published": true}, {"hash": "gZHqtkURTCc", "uri": "/contracts/gZHqtkURTCc#optional-conversion", "label": "Securities Purchase Agreement (FireEye, Inc.)", "score": 31.8829574585, "published": true}, {"hash": "3hKQPnYglOR", "uri": "/contracts/3hKQPnYglOR#optional-conversion", "label": "Securities Purchase Agreement (FireEye, Inc.)", "score": 31.8829574585, "published": true}], "size": 16, "snippet": "means the conversion of any Convertible Preferred Stock other than pursuant to a Mandatory Conversion.", "hash": "a601d0b8f68af5feeeba389bea2937ec", "id": 3}, {"snippet_links": [], "samples": [{"hash": "18pLrqKupmg", "uri": "/contracts/18pLrqKupmg#optional-conversion", "label": "Subscription Agreement", "score": 36.5154037476, "published": true}, {"hash": "kiBZ0blM2W8", "uri": "/contracts/kiBZ0blM2W8#optional-conversion", "label": "Subscription Agreement (PureCycle Technologies, Inc.)", "score": 36.4579048157, "published": true}, {"hash": "kklFLTfGD5C", "uri": "/contracts/kklFLTfGD5C#optional-conversion", "label": "Securities Purchase Agreement (Stratus Media Group, Inc)", "score": 23.8747425079, "published": true}], "size": 8, "snippet": "has the meaning set forth in Section 7(a).", "hash": "9adc35591e1a3877123ae68d4e47fc15", "id": 4}, {"snippet_links": [{"key": "shares-of", "type": "clause", "offset": [24, 33]}, {"key": "designated-preferred-stock", "type": "definition", "offset": [38, 64]}, {"key": "applicable-conversion-rate", "type": "definition", "offset": [95, 121]}, {"key": "at-any-time", "type": "clause", "offset": [155, 166]}, {"key": "from-time-to-time", "type": "clause", "offset": [170, 187]}, {"key": "election-of", "type": "clause", "offset": [196, 207]}, {"key": "the-issuer", "type": "definition", "offset": [208, 218]}, {"key": "requirements-and-conditions", "type": "clause", "offset": [235, 262]}, {"key": "the-holder", "type": "clause", "offset": [344, 354]}, {"key": "public-offering", "type": "clause", "offset": [365, 380]}, {"key": "the-common-stock", "type": "clause", "offset": [384, 400]}, {"key": "control-of-the", "type": "clause", "offset": [439, 453]}], "samples": [{"hash": "VESpmTQWUC", "uri": "/contracts/VESpmTQWUC#optional-conversion", "label": "Securities Purchase and Exchange Agreement", "score": 26.1704311371, "published": true}, {"hash": "kOgWNSvaaoa", "uri": "/contracts/kOgWNSvaaoa#optional-conversion", "label": "Securities Purchase and Exchange Agreement (Gmac Inc.)", "score": 21.0109519958, "published": true}, {"hash": "4D9tCRI6Hv4", "uri": "https://www.sec.gov/Archives/edgar/data/40729/000119312510001221/dex32.htm", "label": "Certificate of Incorporation (Gmac Inc.)", "score": 9.0109510422, "published": false}], "size": 8, "snippet": "means the conversion of shares of the Designated Preferred Stock into Common Stock at the then-applicable Conversion Rate, either (i) in whole or in part, at any time or from time to time, at the election of the Issuer, subject to the requirements and conditions set forth in Section 6(a)(i)(A), or (ii) in whole or in part, at the election of the Holder, upon any public offering of the Common Stock or upon the occurrence of a Change of Control of the Issuer, subject to the requirements and conditions set forth in Section 6(a)(i)(B).", "hash": "3e2e51f2cf97e4d3482df284025277ab", "id": 5}, {"snippet_links": [{"key": "conversion-of-units", "type": "clause", "offset": [10, 29]}, {"key": "the-designated", "type": "clause", "offset": [33, 47]}, {"key": "common-interests", "type": "definition", "offset": [63, 79]}, {"key": "applicable-conversion-rate", "type": "definition", "offset": [92, 118]}, {"key": "at-any-time", "type": "clause", "offset": [152, 163]}, {"key": "from-time-to-time", "type": "clause", "offset": [167, 184]}, {"key": "election-of", "type": "clause", "offset": [193, 204]}, {"key": "the-issuer", "type": "definition", "offset": [205, 215]}, {"key": "requirements-and-conditions", "type": "clause", "offset": [232, 259]}, {"key": "the-holder", "type": "clause", "offset": [341, 351]}, {"key": "public-offering", "type": "clause", "offset": [362, 377]}, {"key": "control-of-the", "type": "clause", "offset": [440, 454]}], "samples": [{"hash": "g8kYUZTmTUW", "uri": "/contracts/g8kYUZTmTUW#optional-conversion", "label": "Limited Liability Company Operating Agreement", "score": 31.3408622742, "published": true}, {"hash": "dpzNMXFcYTx", "uri": "/contracts/dpzNMXFcYTx#optional-conversion", "label": "Limited Liability Company Operating Agreement (Gmac LLC)", "score": 21.0, "published": true}, {"hash": "9m1j1mjId20", "uri": "/contracts/9m1j1mjId20#optional-conversion", "label": "Limited Liability Company Operating Agreement (Gmac LLC)", "score": 21.0, "published": true}], "size": 7, "snippet": "means the conversion of units of the Designated Preferred into Common Interests at the then-applicable Conversion Rate, either (i) in whole or in part, at any time or from time to time, at the election of the Issuer, subject to the requirements and conditions set forth in Section 6(a)(i)(A), or (ii) in whole or in part, at the election of the Holder, upon any public offering of the Common Interests or upon the occurrence of a Change of Control of the Issuer, subject to the requirements and conditions set forth in Section 6(a)(i)(B).", "hash": "d519ec3487995927caedd2e8d48bc6ae", "id": 6}, {"snippet_links": [{"key": "note-to", "type": "definition", "offset": [27, 34]}, {"key": "common-stock", "type": "definition", "offset": [35, 47]}, {"key": "at-the-option-of-the-holder", "type": "clause", "offset": [48, 75]}, {"key": "in-accordance-with", "type": "clause", "offset": [76, 94]}], "samples": [{"hash": "ftHtM6IygZz", "uri": "https://www.sec.gov/Archives/edgar/data/1630113/000149315223018125/ex10-2.htm", "label": "Convertible Promissory Note (Biotricity Inc.)", "score": 22.3744010925, "published": false}, {"hash": "ghUPEPLrkaN", "uri": "https://www.sec.gov/Archives/edgar/data/1630113/000149315221001637/ex10-2.htm", "label": "Convertible Promissory Note (Biotricity Inc.)", "score": 20.0581798553, "published": false}, {"hash": "k75rsFfSamj", "uri": "https://www.sec.gov/Archives/edgar/data/1630113/000149315220014828/ex10-2.htm", "label": "Convertible Promissory Note (Biotricity Inc.)", "score": 19.5954818726, "published": false}], "size": 7, "snippet": "means a conversion of this Note to Common Stock at the option of the Holder in accordance with Section 3.1(a).", "hash": "f91a406576ad15852f8b097f757140a1", "id": 7}, {"snippet_links": [{"key": "section-7", "type": "definition", "offset": [29, 38]}], "samples": [{"hash": "kkeFtbQe4t2", "uri": "/contracts/kkeFtbQe4t2#optional-conversion", "label": "Convertible Note (MySkin, Inc.)", "score": 24.8658447266, "published": true}, {"hash": "g5Bcs9WOlKR", "uri": "/contracts/g5Bcs9WOlKR#optional-conversion", "label": "Convertible Note (Smartag International, Inc.)", "score": 21.0, "published": true}, {"hash": "9OVPmOQsrNh", "uri": "/contracts/9OVPmOQsrNh#optional-conversion", "label": "Convertible Note (Smartag International, Inc.)", "score": 21.0, "published": true}], "size": 5, "snippet": "has the meaning specified in Section 7.", "hash": "058b218dd330352cf4338da008c468db", "id": 8}, {"snippet_links": [], "samples": [{"hash": "hcPO7hppbXg", "uri": "/contracts/hcPO7hppbXg#optional-conversion", "label": "Indenture", "score": 33.4166984558, "published": true}, {"hash": "hTgBFAdyixP", "uri": "/contracts/hTgBFAdyixP#optional-conversion", "label": "Indenture", "score": 25.7132110596, "published": true}], "size": 5, "snippet": "shall have the meaning specified in Section 13.01(b).", "hash": "b114a9b7d4ff404dffeb5a704104e7e0", "id": 9}, {"snippet_links": [{"key": "conversion-of", "type": "clause", "offset": [18, 31]}, {"key": "this-note", "type": "clause", "offset": [54, 63]}], "samples": [{"hash": "5OfFoLq4OxJ", "uri": "/contracts/5OfFoLq4OxJ#optional-conversion", "label": "Convertible Security Agreement (Vitro Biopharma, Inc.)", "score": 35.5544166565, "published": true}, {"hash": "i9maVzHKdCM", "uri": "https://www.sec.gov/Archives/edgar/data/793171/000149315225011003/ex10-2.htm", "label": "Senior Secured Convertible Note (Vitro Biopharma, Inc.)", "score": 24.2142372131, "published": false}, {"hash": "f24T9bPXMuL", "uri": "https://www.sec.gov/Archives/edgar/data/793171/000149315224015061/ex10-1.htm", "label": "Senior Secured Convertible Note (Vitro Biopharma, Inc.)", "score": 23.2915802002, "published": false}], "size": 4, "snippet": "means an optional conversion of all or any portion of this Note as provided in Section 4(a)(i).", "hash": "dadb3ae82c23a196c8e708752bfad59c", "id": 10}], "next_curs": "CmASWmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjwLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIcb3B0aW9uYWwtY29udmVyc2lvbiMwMDAwMDAwYQyiAQJlbhgAIAA=", "definition": {"title": "Optional Conversion", "size": 215, "snippet": "means the conversion of any Convertible Preferred Stock other than a Mandatory Conversion.", "id": "optional-conversion", "examples": ["Subject to the provisions of this Section 11, the Convertible Preferred Stock may be converted only pursuant to a Mandatory Conversion or an <strong>Optional Conversion</strong>.", "Convertible Preferred Stock will be deemed to be surrendered for <strong>Optional Conversion</strong> only after the Open of Business and before the Close of Business on a day that is a Business Day."], "related": [["optional-conversion-date", "Optional Conversion Date", "<strong>Optional Conversion</strong> Date"], ["major-conversion", "Major conversion", "Major conversion"], ["mandatory-conversion", "Mandatory Conversion", "Mandatory Conversion"], ["mandatory-conversion-notice", "Mandatory Conversion Notice", "Mandatory Conversion Notice"], ["final-conversion-date", "Final Conversion Date", "Final Conversion Date"]], "related_snippets": [], "updated": "2026-04-03T05:45:28+00:00"}, "json": true, "cursor": ""}}