Common use of Conversion to Common Stock Clause in Contracts

Conversion to Common Stock. Effective as of April 26, 2015, the Notes shall be converted into shares of Common Stock at a price per share of $0.10 for an aggregate number of shares of 2,000,000. Upon execution of this Agreement, the Company shall instruct its transfer agent to issue a total of 2,000,000 shares of Common Stock to the Holder (the “Shares”), and the Holder shall acknowledge the repayment in full of the Notes.

Appears in 1 contract

Sources: Debt Conversion Agreement (Valmie Resources, Inc.)

Conversion to Common Stock. Effective as of April 26November 12, 20152007, all of the Notes amount outstanding under the Note shall be converted into shares of Common Stock at a price per share of $0.10 .10 for an aggregate number of shares of 2,000,000111,410. Upon execution of this Agreement, the Company shall instruct its transfer agent to issue a total of 2,000,000 such shares of Common Stock to the Holder (the “Shares”), and the Holder shall acknowledge the repayment in full of the NotesDebtholder.

Appears in 1 contract

Sources: Debt Conversion Agreement (Public Media Works Inc)

Conversion to Common Stock. Effective as of April 26November 12, 20152007, all of the Notes Debt shall be converted into shares of Common Stock at a price per share of $0.10 .10 for an aggregate number of shares of 2,000,0001,044,930. Upon execution of this Agreement, the Company shall instruct its transfer agent to issue a total of 2,000,000 1,544,930 shares of Common Stock to the Holder (the “Shares”), and the Holder shall acknowledge the repayment in full of the NotesInvestor.

Appears in 1 contract

Sources: Subscription and Debt Conversion Agreement (Public Media Works Inc)

Conversion to Common Stock. Effective as of April 26November 12, 20152007, all of the Notes amount outstanding under the Note shall be converted into shares of Common Stock at a price per share of $0.10 .10 for an aggregate number of shares of 2,000,000683,970. Upon execution of this Agreement, the Company shall instruct its transfer agent to issue a total of 2,000,000 such shares of Common Stock to the Holder (the “Shares”), and the Holder shall acknowledge the repayment in full of the NotesDebtholder.

Appears in 1 contract

Sources: Debt Conversion Agreement (Public Media Works Inc)