Share Conversion. The Lender shall have the right to convert all or any part of the unpaid indebtedness into shares of common stock of the Borrower at the price of $0.25 per share.
Appears in 2 contracts
Sources: Line of Credit Agreement (Marine Drive Mobile Corp.), Line of Credit Agreement (Marine Drive Mobile Corp.)
Share Conversion. The Lender shall have the right to convert all or any part of the unpaid indebtedness into shares of common stock of the Borrower at the price of $0.25 0.10 per share.share (subject to adjustment for stock splits, stock dividends, recapitalizations and similar transactions)
Appears in 1 contract
Sources: Line of Credit Agreement (Marine Drive Mobile Corp.)