Conversion Ratio. Subject to the provisions of Section 6, upon conversion the Holder will be entitled to receive one (1) share of Common Stock ("CONVERSION SHARE") for each $0.75 of Principal Amount and Interest converted. Thus, the initial conversion price ("CONVERSION PRICE") is $0.75 per Conversion Share.
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Samples: Debenture Purchase Agreement (Global Sports & Entertainment Inc/), Debenture Purchase Agreement (Global Sports & Entertainment Inc/), Debenture Purchase Agreement (Global Sports & Entertainment Inc/)
Conversion Ratio. Subject to the provisions of Section 6, upon conversion the Holder will be entitled to receive one (1) share of Common Stock ("CONVERSION SHARE") for each $0.75 US$1.75 of Principal Amount and Interest principal or interest converted. Thus, the initial conversion price ("CONVERSION PRICE") is $0.75 US$1.75 per Conversion Share.
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Conversion Ratio. Subject to the provisions of Section 6, upon conversion the Holder Lender will be entitled to receive one share (1“Conversion Share”) share of the $0.001 par value common stock of Maker (“Common Stock ("CONVERSION SHARE"Stock”) for each $0.75 0.50 of Principal Amount principal and Interest interest converted. Thus, the initial conversion price ("CONVERSION PRICE"“Conversion Price”) is $0.75 0.50 per Conversion Share.
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Samples: Secured Convertible Note Purchase Agreement (West Texas Resources, Inc.)
