Common use of CONVERSIONS OF NOTES Clause in Contracts

CONVERSIONS OF NOTES. (a) RIGHT TO CONVERT. Investor may convert note between March 30, 2006 and March 30, 2007 subject to and upon compliance with the provisions of this Agreement. Investor shall have the right, at its option, to convert the outstanding principal amount under the Note, into the number of fully paid and non-assessable shares of 3PEA Common Stock. This number is obtained by dividing the principal amount under such Note surrendered for conversion by the Conversion Price (as defined below).

CONVERSIONS OF NOTES. (a) RIGHT TO CONVERT. Investor may convert note between March 30February 16, 2006 and March 30February 16, 2007 subject to and upon compliance with the provisions of this Agreement. Investor shall have the right, at its option, to convert the outstanding principal amount under the Note, into the number of fully paid and non-assessable shares of 3PEA Common Stock. This number is obtained by dividing the principal amount under such Note surrendered for conversion by the Conversion Price (as defined below).

CONVERSIONS OF NOTES. (a) RIGHT TO CONVERT. Investor may convert note between March 30February 17, 2006 and March 30February 17, 2007 subject to and upon compliance with the provisions of this Agreement. Investor shall have the right, at its option, to convert the outstanding principal amount under the Note, into the number of fully paid and non-assessable shares of 3PEA Common Stock. This number is obtained by dividing the principal amount under such Note surrendered for conversion by the Conversion Price (as defined below).

CONVERSIONS OF NOTES. (a) RIGHT TO CONVERT. Investor may convert note between March 30May 19, 2006 and March 30May 19, 2007 subject to and upon compliance with the provisions of this Agreement. Investor shall have the right, at its option, to convert the outstanding principal amount under the Note, into the number of fully paid and non-assessable shares of 3PEA Common Stock. This number is obtained by dividing the principal amount under such Note surrendered for conversion by the Conversion Price (as defined below).

CONVERSIONS OF NOTES. (a) RIGHT TO CONVERT. Investor may convert note between March 30February 08, 2006 and March 30February 08, 2007 subject to and upon compliance with the provisions of this Agreement. Investor shall have the right, at its option, to convert the outstanding principal amount under the Note, into the number of fully paid and non-assessable shares of 3PEA Common Stock. This number is obtained by dividing the principal amount under such Note surrendered for conversion by the Conversion Price (as defined below).

CONVERSIONS OF NOTES. (a) RIGHT TO CONVERT. Investor may convert note between March 3021, 2006 and March 3021, 2007 subject to and upon compliance with the provisions of this Agreement. Investor shall have the right, at its option, to convert the outstanding principal amount under the Note, into the number of fully paid and non-assessable shares of 3PEA Common Stock. This number is obtained by dividing the principal amount under such Note surrendered for conversion by the Conversion Price (as defined below).

CONVERSIONS OF NOTES. (a) RIGHT TO CONVERT. Investor may convert note between March 30April 21, 2006 and March 30April 21, 2007 subject to and upon compliance with the provisions of this Agreement. Investor shall have the right, at its option, to convert the outstanding principal amount under the Note, into the number of fully paid and non-assessable shares of 3PEA Common Stock. This number is obtained by dividing the principal amount under such Note surrendered for conversion by the Conversion Price (as defined below).

CONVERSIONS OF NOTES. (a) RIGHT TO CONVERT. Investor may convert note between March 30February 11, 2006 and March 30February 11, 2007 subject to and upon compliance with the provisions of this Agreement. Investor shall have the right, at its option, to convert the outstanding principal amount under the Note, into the number of fully paid and non-assessable shares of 3PEA Common Stock. This number is obtained by dividing the principal amount under such Note surrendered for conversion by the Conversion Price (as defined below).