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C » Topics » Section 7. Right of the Holders to Convert.

This excerpt taken from the C 10-Q filed Nov 6, 2009.

Section 7.  Right of the Holders to Convert.

 

Each Holder shall have the right, at such Holder’s option, to convert all or any portion of such Holder’s Convertible Preferred Stock at any time into shares of Common Stock at the Conversion Rate per share of Convertible Preferred Stock (subject to the conversion procedures of Section 8), plus cash in lieu of fractional shares.

 

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