Document:

AGREEMENT
TO CONVERT

BY THE HOLDERS
OF

SERIES A
CONVERTIBLE PREFERRED STOCK and series a-1 convertible 

preferred stock

OF

BEAMZ INTERACTIVE,
INC.

 

July
9, 2010

 

Reference is hereby
made to the Third Amended and Restated Certificate of Incorporation (the “Certificate”) of Beamz Interactive,
Inc., a Delaware corporation (the “Company”). Terms used herein but not otherwise defined shall have the meanings
ascribed thereto in the Certificate.

 

The Company is currently
discussing with potential investors the terms of a private placement of securities of the Company (the “Offering”).
The shares to be issued in the Offering will be shares of Series D Convertible Preferred Stock of the Company (the “Series
D Preferred Stock”), the terms of which have not been determined. The Company expects to seek investments of up to $5,000,000
in the Offering. As a condition to the closing of the Offering, the holders of outstanding shares of Series A Convertible Preferred
Stock(the “Series A Preferred Stock”), Series A-1 Convertible Preferred Stock (the “Series A-1 Preferred
Stock”), Series B Convertible Preferred Stock and Series C Convertible Preferred Stock of the Company (collectively,
the “Preferred Stock”) will be required to convert their shares of Preferred Stock of the Company into shares
of common stock of the Company (the “Common Stock”).

 

Section 5(e)(ii) of
the Certificate provides that a specified percentage of the holders of each of the above series’ of Preferred Stock can effect
an automatic conversion of all of the shares of such series into shares of Common Stock at the then existing applicable conversion
rate. The current Applicable Conversion Rate for the Series A Preferred Stock is one for one (1:1). Therefore, for each share of
Series A Preferred Stock owned by a holder, such holder will receive upon conversion thereof, one (1) share of Common Stock. The
current Applicable Conversion Rate for the Series A-1 Preferred Stock (the “Series A-1 Preferred Stock”) is
one for one (1:1). Therefore, for each share of Series A-1 Preferred Stock owned by a holder, such holder will receive upon conversion
thereof, one (1) share of Common Stock.

 

Subject to the satisfaction
of the conditions set forth in the following sentence, the undersigned holders of Series A Preferred Stock and Series A-1 Preferred
Stock hereby agree to the automatic conversion of the shares of: (i) Series A Preferred Stock into shares of Common Stock at the
Series A Applicable Conversion Rate; and (i) Series A-1 Preferred Stock into shares of Common Stock at the Series A-1 Applicable
Conversion Rate (the “Conversion Agreement”). Notwithstanding the previous sentence, the Conversion Agreement
shall only become effective upon the satisfaction of the following conditions:

 

1.          the
holders of at least a majority of the issued and outstanding shares of Series A Preferred Stock and Series A-1 Preferred Stock,
voting together as a single series, shall have executed and delivered to the Company a signature page to this Agreement to Convert
by the Holders of Series A Convertible Preferred Stock and Series A-1 Convertible Preferred Stock of Beamz Interactive, Inc. (the
“Agreement”);

 

    	1

    	 

    

 

2.          the
requisite percentage of holders of Series B Convertible Preferred Stock and Series C Convertible Preferred Stock of the Company
shall have executed agreements substantially similar to this Agreement whereby such holders shall have agreed to the automatic
conversion of the shares of each of such series’ of Preferred Stock into shares of Common Stock pursuant to Section 5(e)(ii)
of the Certificate; and

 

3.          the
Company shall have received and accepted subscriptions for at least $2,000,000 in the Offering.

 

This Agreement shall
become effective upon execution by the holders of at least a majority of the issued and outstanding shares of Series A Preferred
Stock and Series A-1 Preferred Stock, voting together as a single series.

 

[Signature
pages attached hereto]

 

    	2

    	 

    

 

SIGNATURE
PAGE

OF

HOLDERS
OF SERIES A CONVERTIBLE PREFERRED STOCK and SERIES A 

CONVERTIBLE PREFERRED STOCK

TO

AGREEMENT
TO CONVERT BY THE HOLDERS OF SERIES A CONVERTIBLE 

PREFERRED STOCK and SERIES A-1 CONVERTIBLE PREFERRED STOCK

OF

BEAMZ INTERACTIVE,
INC.

 

The undersigned holder
of shares of Series A Preferred Stock and/or Series A-1 Preferred Stock of Beamz Interactive, Inc., a Delaware corporation (the
“Company”), hereby executes and delivers this Signature Page to that certain Agreement to Convert by the Holders
of Series A Convertible Preferred Stock and Series A-1 Convertible Preferred Stock of Beamz Interactive, Inc., dated as of July
9, 2010 (the “Agreement”). Each capitalized term used herein but not expressly defined shall have the meaning
given to such term in the Agreement.

 

Number of shares of
Series A Preferred Stock owned by the undersigned: ___________________.

 

Number of shares of
Series A-1 Preferred Stock owned by the undersigned: ___________________.

 

Executed as of _______________________,
2010. 

 

	 	If undersigned is an entity:
	 	 
	 	 
	 	(Print Name of Entity)
	 	 
	 	By:	 
	 	Printed:	 
	 	Title:	 
	 	 
	 	If undersigned is an individual:
	 	 
	 	By:	 
	 	Printed:	 

 

    	S-1AGREEMENT
TO CONVERT

BY THE HOLDERS
OF

SERIES B
CONVERTIBLE PREFERRED STOCK OF

BEAMZ INTERACTIVE,
INC.

 

July
9, 2010

 

Reference is hereby
made to the Third Amended and Restated Certificate of Incorporation (the “Certificate”) of Beamz Interactive,
Inc., a Delaware corporation (the “Company”). Terms used herein but not otherwise defined shall have the meanings
ascribed thereto in the Certificate.

 

The Company is currently
discussing with potential investors the terms of a private placement of securities of the Company (the “Offering”).
The shares to be issued in the Offering will be shares of Series D Convertible Preferred Stock of the Company (the “Series
D Preferred Stock”), the terms of which have not been determined. The Company expects to seek investments of up to $5,000,000
in the Offering. As a condition to the closing of the Offering, the holders of outstanding shares of Series A Convertible Preferred
Stock, Series A-1 Convertible Preferred Stock, Series B Convertible Preferred Stock (the “Series B Preferred Stock”)
and Series C Convertible Preferred Stock of the Company (collectively, the “Preferred Stock”) will be required
to convert their shares of Preferred Stock of the Company into shares of common stock of the Company (the “Common Stock”).

 

Section 5(e)(ii) of
the Certificate provides that a specified percentage of the holders of each of the above series’ of Preferred Stock can effect
an automatic conversion of all of the shares of such series into shares of Common Stock at the then existing applicable conversion
rate. The current Applicable Conversion Rate for the Series B Preferred Stock is one for one (1:1). Therefore, for each share of
Series B Preferred Stock owned by a holder, such holder will receive upon conversion thereof, one (1) share of Common Stock.

 

Subject to the satisfaction
of the conditions set forth in the following sentence, the undersigned holders of Series B Preferred Stock hereby agree to the
automatic conversion of the shares of Series B Preferred Stock into shares of Common Stock at the Series B Applicable Conversion
Rate (the “Conversion Agreement”). Notwithstanding the previous sentence, the Conversion Agreement shall only
become effective upon the satisfaction of the following conditions:

 

1.        the
holders of at least 75% of the issued and outstanding shares of Series B Preferred Stock shall have executed and delivered to the
Company a signature page to this Agreement to Convert by the Holders of Series B Convertible Preferred Stock of Beamz Interactive,
Inc. (the “Agreement”);

 

2.        the
requisite percentage of holders of Series A Convertible Preferred Stock, Series A-1 Convertible Preferred Stock and Series C Convertible
Preferred Stock of the Company shall have executed agreements substantially similar to this Agreement whereby such holders shall
have agreed to the automatic conversion of the shares of each of such series’ of Preferred Stock into shares of Common Stock
pursuant to Section 5(e)(ii) of the Certificate; and

 

    	1

    	 

    

 

3.        the
Company shall have received and accepted subscriptions for at least $2,000,000 in the Offering.

 

This Agreement shall
become effective upon execution by the holders of at least 75% of the issued and outstanding shares of Series B Preferred Stock.

 

[Signature
pages attached hereto]

 

    	2

    	 

    

 

SIGNATURE
PAGE OF

HOLDERS OF SERIES B CONVERTIBLE PREFERRED STOCK

TO

AGREEMENT TO CONVERT BY THE

HOLDERS OF SERIES B CONVERTIBLE PREFERRED STOCK OF

BEAMZ INTERACTIVE, INC.

 

The undersigned holder
of shares of Series B Preferred Stock of Beamz Interactive, Inc., a Delaware corporation (the “Company”), hereby
executes and delivers this Signature Page to that certain Agreement to Convert by the Holders of Series B Convertible Preferred
Stock of Beamz Interactive, Inc., dated as of July 9, 2010 (the “Agreement”). Each capitalized term used herein
but not expressly defined shall have the meaning given to such term in the Agreement.

 

Number of shares of
Series B Preferred Stock owned by the undersigned: ___________________.

 

Executed as of _______________________,
2010.

  

	 	If undersigned is an entity:
	 	 
	 	 
	 	(Print Name of Entity)
	 	 
	 	By:	 
	 	Printed:	 
	 	Title:	 
	 	 
	 	If undersigned is an individual:
	 	 
	 	By:	 
	 	Printed:	 

  

    	S-1AGREEMENT
TO CONVERT

BY THE HOLDERS OF

SERIES C CONVERTIBLE PREFERRED STOCK OF

BEAMZ INTERACTIVE, INC.

 

July
9, 2010

 

Reference is hereby
made to the Third Amended and Restated Certificate of Incorporation (the “Certificate”) of Beamz Interactive,
Inc., a Delaware corporation (the “Company”). Terms used herein but not otherwise defined shall have the meanings
ascribed thereto in the Certificate.

 

The Company is currently
discussing with potential investors the terms of a private placement of securities of the Company (the “Offering”).
The shares to be issued in the Offering will be shares of Series D Convertible Preferred Stock of the Company (the “Series
D Preferred Stock”), the terms of which have not been determined. The Company expects to seek investments of up to $5,000,000
in the Offering. As a condition to the closing of the Offering, the holders of outstanding shares of Series A Convertible Preferred
Stock, Series A-1 Convertible Preferred Stock, Series B Convertible Preferred Stock and Series C Convertible Preferred Stock of
the Company (collectively, the “Preferred Stock”) will be required to convert their shares of Preferred Stock
of the Company into shares of common stock of the Company (the “Common Stock”).

 

Section 5(e)(ii) of
the Certificate provides that a specified percentage of the holders of each of the above series’ of Preferred Stock can effect
an automatic conversion of all of the shares of such series into shares of Common Stock at the then existing applicable conversion
rate. The current Applicable Conversion Rate for the Series C Convertible Preferred Stock (the “Series C Preferred Stock”)
is one for one (1:1). Therefore, for each share of Series C Preferred Stock owned by a holder, such holder will receive upon conversion
thereof, one (1) share of Common Stock.

 

Subject to the satisfaction
of the conditions set forth in the following sentence, the undersigned holders of Series C Preferred Stock hereby agree to the
automatic conversion of the shares of Series C Preferred Stock into shares of Common Stock at the Series C Applicable Conversion
Rate (the “Conversion Agreement”). Notwithstanding the previous sentence, the Conversion Agreement shall only
become effective upon the satisfaction of the following conditions:

 

1.          the
holders of at least 75% of the issued and outstanding shares of Series C Preferred Stock shall have executed and delivered to the
Company a signature page to this Agreement to Convert by the Holders of Series C Convertible Preferred Stock of Beamz Interactive,
Inc. (the “Agreement”);

 

2.          the
requisite percentage of holders of Series A Convertible Preferred Stock, Series A-1 Convertible Preferred Stock and Series B Convertible
Preferred Stock of the Company shall have executed agreements substantially similar to this Agreement whereby such holders shall
have agreed to the automatic conversion of the shares of each of such series’ of Preferred Stock into shares of Common Stock
pursuant to Section 5(e)(ii) of the Certificate; and

 

    	1

    	 

    

 

3.          the
Company shall have received and accepted subscriptions for at least $2,000,000 in the Offering.

 

This Agreement shall
become effective upon execution by the holders of at least 75% of the issued and outstanding shares of Series C Preferred Stock.

 

[Signature
pages attached hereto]

 

    	2

    	 

    

 

SIGNATURE
PAGE OF

HOLDERS OF SERIES C CONVERTIBLE PREFERRED STOCK

TO

AGREEMENT TO CONVERT BY THE

HOLDERS OF SERIES C CONVERTIBLE PREFERRED STOCK OF

BEAMZ INTERACTIVE, INC.

 

The undersigned holder
of shares of Series C Preferred Stock of Beamz Interactive, Inc., a Delaware corporation (the “Company”), hereby
executes and delivers this Signature Page to that certain Agreement to Convert by the Holders of Series C Convertible Preferred
Stock of Beamz Interactive, Inc., dated as of July 9, 2010 (the “Agreement”). Each capitalized term used herein
but not expressly defined shall have the meaning given to such term in the Agreement.

 

Number of shares of
Series C Preferred Stock owned by the undersigned: ___________________.

 

Executed as of _______________________,
2010.

 

	 	If undersigned is an entity:
	 	 
	 	 
	 	(Print Name of Entity)
	 	 
	 	By:	 
	 	Printed:	 
	 	Title:	 
	 	 
	 	If undersigned is an individual:
	 	 
	 	By:	 
	 	Printed:	 

 

    	S-1

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00202-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00202-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00202-of-00352.parquet"}]]