Common use of Conversion Formula Clause in Contracts

Conversion Formula. Upon conversion of a principal amount of this Debenture, the Holder shall be entitled to a number of shares of Common Stock equal to (the principal amount converted/$300,000)*(10%)*(the number of shares of Common Stock of the Company outstanding on a fully diluted basis).

Conversion Formula. Upon conversion of a principal amount of this Debenture, the Holder shall be entitled to a number of shares of Common Stock equal to (the principal amount converted/$300,000)*(10%)*(the converted/$1,000,000)*(10%)*(the number of shares of Common Stock of the Company outstanding on a fully diluted basis).

Conversion Formula. Upon conversion of a principal amount of this Debenture, the Holder shall be entitled to a number of shares of Common Stock equal to (the principal amount converted/$300,000)*(10%)*(the converted/$600,000)*(10%)*(the number of shares of Common Stock of the Company outstanding on a fully diluted basis).