Note Conversion. ▇▇▇▇ ▇▇▇▇ (or his assigns) shall have the right to convert $250,000 of retained Note debt that he holds, into 16,000,000 free trading shares of the Company, once the Company is current in its filing obligations with the SEC. Provided that the Company is current in its SEC filing obligations, counsel for Monkey will provide an opinion letter as to the tradability of the shares, subject to the requirements of Rule 144.
Appears in 3 contracts
Sources: Share Purchase Agreement (Monkey Rock Group, Inc.), Share Purchase Agreement (Monkey Rock Group, Inc.), Share Purchase Agreement (Monkey Rock Group, Inc.)