Fixed Conversion Price Clause Samples

Fixed Conversion Price. The parties agree that the “Fixed Conversion Price,” as defined in the Purchase Agreement, for each Preferred Share to be issued hereunder shall be based upon the result of 110% multiplied by the VWAP of the common stock of the Company on the First Closing Date of the Purchase Agreement, which equals $0.0101, and not the First Amended Closing.

Fixed Conversion Price. $_______________________

Fixed Conversion Price. For purposes hereof, subject to Section 3.5 hereof, the "Fixed Conversion Price" means $0.43.

Fixed Conversion Price. For purposes hereof, subject to Section 3.5 hereof, the "Fixed Conversion Price" means $ 1.47 (103% of the average of the closing price of the Common Stock for the five (5) trading days immediately prior to the date hereof).

Fixed Conversion Price. For purposes hereof, subject to Section 3.5 hereof, the "FIXED CONVERSION Price" means, an amount equal to $2.11 (which has been determined on the date of this Note as an amount equal to 103% of the average closing price of the Common Stock for the thirty (30) trading days immediately prior to the date of this Note, but not greater than 110% of the closing price on the trading day immediately prior to the date of this Note).

Fixed Conversion Price. The “Fixed Conversion Price” of obligations set forth in the Promissory Note and this First Amendment, is $0.61 per share, subject to adjustment as set forth below.

Fixed Conversion Price. The “Fixed Conversion Price” of obligations set forth in the Original Revolving Line and all amendments thereto, including this Fourth Amendment, is $0.61 per share, subject to adjustment as set forth below.

Fixed Conversion Price. Holder is entitled to convert the unpaid Face Amount of this Debenture, plus accrued interest, any time following a Issuance Date, at the lesser of the following prices: (i) the lowest closing Best Bid (as defined in the Investment Agreement of this date between the Company and the Holder) price of the Common Stock between February 1, 2006 and the date of filing the registration statement covering resale of the shares underlying this Debenture; or (ii) at nine cents ($.09). The lesser of (i) and (ii) shall become the "Fixed Conversion Price", as defined herein. No fractional shares or scrip representing fractions of shares will be issued on conversion, but the number of shares issuable shall be rounded up, as the case may be, to the nearest whole share. The Holder shall retain all rights of conversions during any partial trading days.

Fixed Conversion Price. If (i) the Borrower shall not have an effective registration statement with respect to the Underlying Shares, and (ii) the Market Price of the Common Stock as reported by Bloomberg, L.P. on the Principal Market for the five (5) trading days immediately preceding a Determination Date exceeds the then applicable Fixed Conversion Price by at least twenty five percent (25%), the Interest Rate for the succeeding calendar month shall automatically be decreased by 100 basis points (100 b.p.) (1.0%) for each incremental twenty five percent (25%) increase in the Market Price of the Common Stock above the then applicable Fixed Conversion Price.