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Under the Debt-to-Equity conversion agreement, debts lent by the borrower are exchanged for shares or shares through the signing of a contract by both parties. The objective of the debt conversion agreement to equity may include the following situations: it is also referred to as a converted debt agreement or conversion of loans into an equity agreement. There is no cash transaction in this Agreement and all debt adjustments are made by transfer of equity as set out in the Agreement. The conversion of debt into equity is completed if the lender agrees with the same and all the conditions are set. The issuance of shares has always been controversial under section 62 of the Companies Act, 2013. To ensure that a business is functioning properly, debt is often converted into capital. This law specifies that the conversion of loans into equity is a simple and practical method to raise capital without immediate investments. It should be noted that it is most important to adopt the special decision at the time of acceptance of the loan without a special decision; Loans cannot be converted into share capital. The Companies Act 2013 contains new provisions relating to the conversion of loans into equity shares, which are set out in section 62(3) of that Act.

The new provisions will come into force on April 1, 2014. The current article highlights the provisions and procedure for converting loans into equity shares. This first amended and adapted debt conversion agreement (this “Agreement”) to the original debt conversion agreement (as defined below) will be entered into on July 24, 2020 (the “Effective Date”) by and between The OLB Group, Inc. (the “Business” or “Borrower”) and John Herzog (the “Lender” and together with the Business, the “Parties” and each, a “Party”). The establishment of a debt conversion contract for equity accounting includes the following steps: If the change of credit from the private company to a public limited company, companies act 2013, provides for doing so following the procedure below: during the conversion of loans into bonds, the Companies Act, 2013, stipulates that there is no change of cash during the debt-to-equity swap. Conversion of the loan to equity in accordance with the provisions of the Companies Act, 2013 The conversion of the loan into equity is the most reliable way to raise capital without immediate investments. . . .