Conversion Events

Conversion Events. Means the conversion of the Company's (i) $300,000 Senior Convertible Notes Due June 18, 2015 into an aggregate of 1,408,452 shares of Common Stock, (ii) $50,000 Senior Convertible Note Due September 29, 2105 into an aggregate of 208,333 shares of Common Stock, (iii) $500,000 Senior Note Due April 22, 2016 into an aggregate of 833,308 shares of Common Stock, (iv) $500,000 Senior Convertible Note Due January 28, 2016 into an aggregate of 833,333 shares of Common Stock, (v) $350,000 Senior... Convertible Notes Due July 8, 2016 into an aggregate of 583,333 shares of Common Stock and (vi) $75,000 Senior Convertible Note Due July 10, 2016 into an aggregate of 125,000 shares of Common Stock, whereupon all such indebtedness shall be fully extinguished and cease to be outstanding. View More