Note Conversion

Note Conversion. Means the conversion of indebtedness in the original principal amount of $1,500,000, excluding any accrued but unpaid interest (which is the entire principal amount Holiday RV and the Investor Group have agreed is due and payable pursuant to the Stock Purchase Agreement and the Purchase Notes), into four hundred twelve thousand (412,000) shares of Common Stock (the "Conversion Shares") at a price per share of $3.05 and a $60,000 merchandise credit.

Note Conversion. Means the conversion of indebtedness in the original principal amount of $1,731,919.60 owed by Holiday RV to the Investor Group (which is the entire principal amount Holiday RV and the Investor Group have agreed is due and payable pursuant to the Stock Purchase Agreement and the Purchase Notes), into five hundred thousand (500,000) shares of Common Stock (the "Conversion Shares") at a price per share of $2.88. All interest on the indebtedness accrued and unpaid as of the Effective Date shall be... paid to the Investor Group as soon as practicable after the closing (the "Closing") of the transactions contemplated by this Conversion Agreement. View More