Example ContractsClausesconversion rightVariants
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Conversion. The Lender has the right to convert any portion of the loan into common shares of the company. The rate of conversion will be 20% less of the 5 day average price of the stock.

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Conversion.

The Lender has the rightright, at any time after the date of this Note, at its election, to convert any portionall or part of the loanNote Amount into common shares of the company. The ratefully paid and non-assessable shares of conversion will be 20% lesscommon stock of the 5 day averageBorrower (the “Common Stock”). The conversion price shall be ​ per share of the stock.Common Stock (the “Conversion Price”).

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