No Change Necessary. The form of this Note need not be changed because of any adjustment in the Conversion Price or in the number of shares of Conversion Securities issuable upon its conversion. A Note issued after any adjustment on any partial conversion or upon replacement may continue to express the same Conversion Price and the same number of shares of Conversion Securities (appropriately reduced in the case of partial conversion) as are stated on this Note as initially issued, and that Conversion Price and that number of shares shall be considered to have been so changed as of the close of business on the date of adjustment.
Appears in 3 contracts
Sources: Convertible Note (Gatefield Corp), Convertible Note (Gatefield Corp), Convertible Note (Gatefield Corp)
No Change Necessary. The form of this Note need not be changed because of any adjustment in the Conversion Price or in the number of shares of Conversion Securities Note Shares issuable upon its conversion. A Note issued after any adjustment on any partial conversion or upon replacement may continue to express the same Conversion Price and the same number of shares of Conversion Securities (appropriately reduced in the case of partial conversion) Note Shares as are stated on this Note as initially issued, and that Conversion Price and that number of shares shall be considered to have been so changed as of the close of business on the date of adjustment.
Appears in 1 contract
Sources: Convertible Promissory Agreement (Xtralink Energy Corp)