At the option of [[Organization A:Organization]], at any time after the issuance date of the Note until the Note is no longer outstanding, the Principal Amount, together with all accrued and unpaid interest, in whole or in part, may be convertible into common shares of [[Organization B:Organization]] at the conversion price of $0.01 per share.

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.

Upon the occurrence of any Event of Default, [[Organization A:Organization]] at any time, at its sole discretion, may elect to immediately (without prior notice) 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, according to the terms of this Note.