Common use of Conversion to Common Stock Clause in Contracts

Conversion to Common Stock. Effective as of the date hereof, the Unpaid Salary (the “Converted Salary Amount”) shall be converted into 9,583 shares of the Company’s Common Stock (the “Conversion Shares”), at a conversion price equal to $12.00 per share. Upon execution of this Agreement, the Company shall instruct its transfer agent to issue such Conversion Shares in the name of Lender.

Conversion to Common Stock. Effective as of the date hereof, the Unpaid Salary (the “Converted Salary Amount”) shall be converted into 9,583 24,792 shares of the Company’s Common Stock (the “Conversion Shares”), at a conversion price equal to $12.00 per share. Upon execution of this Agreement, the Company shall instruct its transfer agent to issue such Conversion Shares in the name of Lender.

Conversion to Common Stock. Effective as of the date hereof, the Unpaid Salary Amount (the “Converted Salary Unpaid Amount”) shall be converted into 9,583 114,758 shares of the Company’s Common Stock (the “Conversion Shares”), at a conversion price equal to $12.00 per share. Upon execution of this Agreement, the Company shall instruct its transfer agent to issue such Conversion Shares in the name of LenderVendor.

Conversion to Common Stock. Effective as of the date hereof, the Unpaid Salary Amount (the “Converted Salary Unpaid Amount”) shall be converted into 9,583 12,500 shares of the Company’s Common Stock (the “Conversion Shares”), at a conversion price equal to $12.00 per share. Upon execution of this Agreement, the Company shall instruct its transfer agent to issue such Conversion Shares in the name of LenderVendor.