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19 December 2012 TMT INVESTMENTS PLC (“TMT or the “Company “) Conversion of promissory note in Viral, Inc. TMT Investments PLC, which invests in high growth, internet based companies with the

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How to fill out conversion of promissory note

How to fill out conversion of promissory note:

01

Gather necessary information: Before filling out the conversion of promissory note, collect all the required details such as the original promissory note, the conversion terms, and any other relevant information.

02

Identify the parties involved: Clearly identify the parties involved in the conversion, including the promisor (the one making the promise) and the promisee (the one receiving the promise).

03

Determine the conversion terms: Consult the terms of the original promissory note and determine the specific terms for the conversion. This may include the conversion ratio, the conversion price, and any other relevant terms.

04

Fill out the conversion section: Find the designated section on the promissory note for conversion and carefully fill in the required information. This typically includes the date of conversion, the number of shares or units being converted, and any other necessary details.

05

Obtain necessary signatures: Ensure that both the promisor and promisee sign the conversion of promissory note. This ensures legal validity and agreement between the parties involved.

06

Keep copies for record keeping: Make copies of the filled-out conversion of promissory note for record keeping purposes. This will help maintain a proper documentation trail in case of any future disputes or reference needs.

Who needs conversion of promissory note:

01

Investors: Conversion of promissory notes is often relevant for investors who have provided funds to a company with the expectation of potential future ownership in the form of equity shares.

02

Startups or companies seeking funding: Companies in need of capital may choose to use promissory notes to secure financing from investors. The conversion feature allows these companies to convert the debt into equity, enabling investors to become shareholders in the company.

03

Financial institutions: Banks or other financial institutions may require the conversion of promissory notes as part of their financing agreements with borrowers. This helps provide flexibility and optionality in case of future changes in the borrower's financial situation or value.

In summary, filling out a conversion of promissory note involves gathering necessary information, identifying the parties involved, determining the conversion terms, filling out the conversion section, obtaining necessary signatures, and keeping copies for record keeping purposes. The conversion of promissory note is typically relevant for investors, startups or companies seeking funding, and financial institutions.

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