Conversion Method. All parties agree that Party B shall wire RMB 4,000,000 to Party C before June 30, 2016. Within three (3) days receiving Party B’s wire, Party D shall issue shares in consideration of the loan in accordance with the Agreement. When Party D completes relevant registrations for share issuance to Party B, it shall be deemed that the debt owed to Party B has been fully paid off. Party D no longer owes anything to Party B, and Party B releases Party D from all obligations and liabilities.
Appears in 2 contracts
Sources: Convertible Debt Investment Agreement (Newater Technology, Inc.), Convertible Debt Investment Agreement (Newater Technology, Inc.)