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Re: watchingsum post# 51843

Thursday, 10/16/2014 2:05:41 PM

Thursday, October 16, 2014 2:05:41 PM

Post# of 62024
OK

How's this for the $744,923

Calculation of Conversion Price . The conversion price (the “Conversion Price”) shall equal the Variable Conversion Price (as defined herein) (subject to equitable adjustments for stock splits, stock dividends or rights offerings by the Borrower relating to the Borrower’s securities or the securities of any subsidiary of the Borrower, combinations, recapitalization, reclassifications, extraordinary distributions and similar events). The "Variable Conversion Price" shall mean the lower of $.0003 or 85% of the Market Price (as defined herein).