Common use of Conversion and Redemption Clause in Contracts

Conversion and Redemption. At the option of the Registered Holder hereof, the unpaid principal amount of this Note may, upon execution of the Conversion Form attached hereto and the surrender of this Note to the Company for conversion, be convertible in increments of $25,000.00 from the 90th day from the date of issuance of this Note (the

Appears in 2 contracts

Sources: Convertible Secured Note (Casdim International Systems Inc), Convertible Secured Note (Casdim International Systems Inc)