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Friday, May 01, 2020 10:53:22 AM
Further, we are required to conduct a reverse split of our common stock prior to the 179th day after the issue date of the Note. In the event this action is not timely taken, an additional 20% discount will be applied to the conversion price. In the event that we issue common stock, or securities convertible to common stock, at a price lower than the conversion price for the Note, the conversion price for the Note will be adjusted downward to match the more favorable price. In the event that any of our future financings feature terms more favorable than those contained in the Note, the more favorable terms may, at the option of the noteholder, be incorporated into the Note.
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