Common use of Conversion Rate Clause in Contracts

Conversion Rate. Holder is entitled to convert the Debenture Residual Amount , plus accrued interest, anytime following the Convertible Maturity Date, at the lesser of (i) fifty percent (50%) of the lowest closing bid price during the fifteen (15) trading immediately preceding the Convertible Maturity Date or (ii) 100% of the lowest bid price for the twenty (20) trading days immediately preceding the Convertible Maturity Date (“Fixed Conversion Price”). No fractional shares or scrip representing fractions of shares will be issued on conversion, but the number of shares issuable shall be rounded up or down, as the case may be, to the nearest whole share.

Conversion Rate. Holder is entitled to convert the Debenture Residual Face Amount of the Debenture, plus accrued interest, anytime following the Convertible Maturity Closing Date, at the lesser of (i) fifty percent (50%) 75% of the lowest closing bid price during the fifteen (15) trading immediately preceding days prior to the Convertible Maturity Conversion Date or (ii) 100% of the lowest average of the closing bid price prices for the twenty (20) trading days immediately preceding the Convertible Maturity Closing Date of the Debenture Exchange Agreement (“"Fixed Conversion Price”"), each being referred to as the "Conversion Price". No fractional shares or scrip representing fractions of shares will be issued on conversion, but the number of shares issuable shall be rounded up or down, as the case may be, to the nearest whole share.

Conversion Rate. The Holder is entitled to convert the Debenture Residual Amount Amount, plus accrued interestinterest and penalties, anytime following the Convertible Maturity Closing Date, at the lesser of either (i) fifty percent (50%) of the lowest closing bid price during the fifteen (15) trading days immediately preceding the Convertible Maturity Date Notice of Conversion, or (ii) 100% of the lowest bid price for the twenty (20) trading days immediately preceding the Convertible Maturity Closing Date (“"Fixed Conversion Price”"). No fractional shares or scrip representing fractions of shares will be issued on conversion, but the number of shares issuable shall be rounded up or down, as the case may be, to the nearest whole share.

Conversion Rate. Holder is entitled to convert the Debenture Residual Amount , plus accrued interest, anytime following the Convertible Maturity Date, at the lesser of (i) fifty percent (50%) of the lowest closing bid price during the fifteen (15) trading immediately preceding the Convertible Maturity Date or (ii) 100% of the lowest bid price for the twenty (20) trading days immediately preceding the Convertible Maturity Date (“"Fixed Conversion Price”"). No fractional shares or scrip representing fractions of shares will be issued on conversion, but the number of shares issuable shall be rounded up or down, as the case may be, to the nearest whole share.

Conversion Rate. Holder is entitled to convert the Debenture Residual Amount residual amount of this Convertible Debenture, plus accrued interest, anytime following the Convertible Maturity Closing Date, at the lesser of (i) fifty percent (50%) 75% of the average of the lowest closing bid price during the fifteen (15) trading immediately preceding days prior to the Convertible Maturity Conversion Date or (ii) 100% of the lowest average of the closing bid price prices for the twenty (20) trading days immediately preceding the Convertible Maturity Closing Date (“"Fixed Conversion Price”"), each being referred to as the "Conversion Price". No fractional shares or scrip representing fractions of shares will be issued on conversion, but the number of shares issuable shall be rounded up or down, as the case may be, to the nearest whole share.

Conversion Rate. Holder is entitled to convert the Debenture Residual Amount Amount, plus accrued interest, anytime following the Convertible Maturity Date, at the lesser of (i) fifty percent (50%) of the lowest closing bid price during the fifteen (15) trading immediately preceding the Convertible Maturity Date or (ii) 100% of the lowest bid price for the twenty (20) trading days immediately preceding the Convertible Maturity Date (“Fixed Conversion Price”). No fractional shares or scrip representing fractions of shares will be issued on conversion, but the number of shares issuable shall be rounded up or down, as the case may be, to the nearest whole share.