Conversion Right. Subject to the terms hereof and restrictions and limitations contained herein, [[Organization B:Organization]] shall have the right, at [[Organization B:Organization]]'s sole option, at any time and from time to time to convert in whole or in part the outstanding and unpaid Principal Amount under this Note into shares of Common Stock as per the Conversion Formula. The date of any conversion notice (“Conversion Notice”) hereunder shall be referred to herein as the “Conversion Date”.

Upon advance written notice (“Conversion Notice”), at any time or from time to time, [[Organization A:Organization]] at its sole option, may convert the outstanding Principal Amount of this Note, or any portion of the Principal Amount hereof, and any accrued interest, in whole or in part, into shares of the common stock of [[Organization B:Organization]] (the “Common Stock”). Any amount so converted under this Note will be converted into common stock of [[Organization B:Organization]] at $6.00 per share (“Conversion Price”), which will be adjusted to Alternative Conversion Price if any event of default occurs.

Conversion Right. Subject to the terms hereof and restrictions and limitations contained herein, the Holder shall have the right, at the Holder's option, at any time to convert at the Conversion Price any or all of the outstanding Principal Amount and and or all of the outstanding Interest under this Note in whole or in part by submitting to [[Organization B:Organization]] a conversion in the form of Exhibit A.