Examples of Additional Convertible Notes in a sentence
Any Additional Loan pursuant to this Section 2.03 shall be deemed to be a “Loan” for all purposes under this Agreement, and any Additional Convertible Notes sold pursuant to this Section 2.03 shall be deemed to be a “Convertible Note” for all purposes under this Agreement.
The initial conversion price of the Additional Convertible Notes is HK$3.50 per Additional Conversion Share (as compared with the initial conversion price of the Convertible Notes of HK$1.5 per Conversion Share) and has been determined after arm’s length negotiations between the Company and the Vendors taking into account of the prevailing market prices of the Shares.
Schedule A to this Agreement shall be updated to reflect the aggregate amount of such Additional Convertible Notes purchased at each such Closing and the parties purchasing such Additional Convertible Notes.
In connection with the issuance of Additional Convertible Notes after the date hereof, the Company shall issue to the Purchaser a Convertible Secured Promissory Note, substantially in the form of Exhibit A, with a principal amount mutually acceptable to the Company and the Purchaser.