Epstein Secrets

in coin or currency of the United States of America as at the time of payment is legal tender for public and private debts or, at the option of the Holder, in shares of Common Stock, par value $0.001 per share (the "Common Stock"), under the same conversion formula as stated herein at the address of t

st to be converted by (y) the Fixed Conversion Price. The term "Fixed Conversion Price" means $0.50, subject to adjustment as provided herein. (b) Mechanics of Conversion. In order to convert Debentures into shares of Common Stock, the Holder shall surrender the certificate or certificates therefor, duly endorsed, by

nt accruing from the date hereof until paid at a fixed rate per annum equal to ten percent (10%). The following is a statement of the rights of the Holder and the terms and conditions to which this Debenture is subject: Section 1. PAYMENT. 1.1. Payment. (a) Maturity. The Principal Amount, together

ock that are issued upon the conversion of the Debenture as contemplated hereby are hereinafter sometimes referred to as "Conversion Shares." 2.2. Mechanics of Conversion. As a condition to the right of the Holder to be entitled to convert all or any part of this Debenture into shares of Common Stock pursuant to Secti

icular shares of any of the foregoing shall cease to be Registrable Securities once they have been sold in any public offering or transferred by the Holder in a transaction in which its rights under this Agreement are not assigned in accordance with the provisions of this Agreement. 1.10 "Registrable

ggregate gross proceeds to the Corporation (prior to underwriters' commissions and expenses) of not less than S15,000,000 (a "Qua! fled IPO"). (c) Mechanics of Conversion. Before any holder of Preferred Stock shall be entitled to convert the same into shares of Common Stock, such holder shall surrender the certificat