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Microcap & Penny Stocks : TSIG.com TIGI (formerly TSIG) -- Ignore unavailable to you. Want to Upgrade?

To: MskiHntr who wrote (23060)	4/1/1999 7:54:00 PM
From: secureit	Read Replies (2) \| Respond to of 44908

It appears to me that the holder of the PP contract below can convert at will any time after March 1, 1999. Read the following two paragraphs taken from the PP. This Debenture has been executed and delivered pursuant to the Debenture Purchase Agreementdated as of March 1, 1999 between the Company and the original Holder (the "Purchase Agreement"), and is subject to the terms and conditions of the Purchase Agreement, which are, by this reference, incorporated herein and made a part hereof. Capitalized terms used and not otherwise defined herein shall have the meanings set forth for such terms in the Purchase Agreement. 3. The Holder of this Debenture is entitled, at its option, to convert at any time commencing on the date hereof, the principal amount of this Debenture or any portion thereof, together with accrued but unpaid interest, into shares of Common Stock of the Company ("Conversion Shares") at a conversion price for each share of Common Stock ("Conversion Price") equal to 70% of the Market Price at the Conversion Date (as defined in Section 6 hereof), subject to adjustment as set forth in Section 3(e) of the Registration Rights Agreement. The term "Market Price" shall have the meaning set forth in the Purchase Agreement.