Conversion of Interest. Interest earned through December 30, 2022, shall be convertible upon the notice of payment of such interest, at the option of the Holder into shares of Common Stock at the then effective exercise price of the warrants set forth in Section 6A(b). The Company will provide a minimum of five days notice of an anticipated cash interest payment and the terms of the Creditor’s conversion option.
Appears in 2 contracts
Sources: Secured Promissory Note (Unique Fabricating, Inc.), Secured Promissory Note (Unique Fabricating, Inc.)