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Fractional Shares; Effect of Conversion
Fractional Shares; Effect of Conversion contract clause examples

Fractional Shares; Effect of Conversion. No fractional shares shall be issued upon conversion of this Note. In lieu of [[Loan Agreement:Organization]] issuing any fractional shares to Holder upon the conversion of this Note, [[Loan Agreement:Organization]] shall pay to Holder an amount equal to the product obtained by multiplying the Conversion Price by the fraction of a share not issued pursuant to the previous sentence. Upon conversion of this Note in full and the payment of the amounts specified in this [Section 9(f)], [[Loan Agreement:Organization]] shall be forever released from all its obligations and liabilities under this Note.

Fractional Shares; Effect of Conversion. No fractional shares shall be issued upon conversion of this Note. In lieu of [[Loan Agreement:Organization]] issuing any fractional shares to Holder upon the conversion of this Note, [[Loan Agreement:Organization]] shall pay to Holder an amount equal to the product obtained by multiplying the Conversion Price by the fraction of a share not issued pursuant to the previous sentence. Upon conversion of this Note in full and the payment of the amounts specified in this [Section 9(f)], [[Loan Agreement:Organization]] shall be forever released from all its obligations and liabilities under this Note.

Fractional Shares. No fractional shares or scrip representing fractional shares shall be issued upon the conversion of this Note. As to any fraction of a share which the Holder would otherwise be entitled to purchase upon such conversion, the Company shall at its election, either pay a cash adjustment in respect of such final fraction in an amount equal to such fraction multiplied by the Conversion Price or round up to the next whole share.

No Fractional Shares. No fractional shares shall be issued upon conversion of this Note. If upon any conversion of this Note, a fraction of a share would otherwise be issued, then in lieu of such fractional share, the Company shall at its election, either pay a cash adjustment in respect of such final fraction in an amount equal to such fraction multiplied by the Conversion Price or round up to the next whole share.

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