Common use of Amortization and Installment Payments Clause in Contracts

Amortization and Installment Payments. At the earlier of the six (6) month anniversary of the Original Issue Date or two (2) Trading Days after the Effective Date of the Company’s Registration Statement on Form S-1, the Company shall redeem one-sixth (1/6th) of the face amount of this Note then outstanding and any accrued but unpaid interest on a monthly basis in accordance with the Amortization Schedule attached hereto as Schedule 2 (each, an “Amortization Payment”). Each Amortization Payment shall, at the option of the Company, be made in cash or, subject to the Equity Conditions, in Common Stock pursuant to the Amortization Conversion Rate. Notwithstanding any provision in this Note to the contrary, the Company will not be required to make any Amortization Payment to the extent any such Amortization Payment would result in the Company making aggregate Amortization Payments in an amount greater than the balance of the Note. Any outstanding unpaid principal and accrued interest on this Note as of the Maturity Date will be due and payable on the Maturity Date and may be paid in cash or, in the Company’s discretion, subject to the Equity Conditions, in Common Stock.

Amortization and Installment Payments. At the earlier of the six (6) month anniversary of the Original Issue Closing Date or two (2) Trading Days after the Effective Date of the Company’s Registration Statement on Form S-1, the Company shall redeem oneone twenty-sixth fourth (1/6th1/24th) of the face amount of this Note then outstanding and any accrued but unpaid interest on a monthly bi-weekly basis in accordance with the Amortization Schedule attached hereto as Schedule 2 (each, an “Amortization Payment”). Each Amortization Payment shall, at the option of the Company, be made in cash or, subject to the Equity Conditions, in Common Stock pursuant to the Amortization Conversion Rate. Notwithstanding any provision in this Note to the contrary, the Company will not be required to make any Amortization Payment to the extent any such Amortization Payment would result in the Company making aggregate Amortization Payments in an amount greater than the balance of the Note. Any outstanding unpaid principal and accrued interest on this Note as of the Maturity Date will be due and payable on the Maturity Date and may be paid in cash or, in the Company’s discretion, subject to the Equity Conditions, in Common Stock.

Amortization and Installment Payments. At the earlier of the six (6) month anniversary of the Original Issue Date or two (2) Trading Days after the Effective Date of date the Company’s Registration Statement on Form S-1is declared effective by the Commission, the Company shall redeem one-sixth (1/6th) of the face amount of this Note then outstanding and any accrued but unpaid interest on a monthly basis in accordance with the Amortization Schedule attached hereto as Schedule 2 (each, an “Amortization Payment”). Each Amortization Payment shall, at the option of the Company, be made in cash or, subject to the Equity Conditions, in Common Stock pursuant to the Amortization Conversion Rate. Notwithstanding any provision in this Note to the contrary, the Company will not be required to make any Amortization Payment to the extent any such Amortization Payment would result in the Company making aggregate Amortization Payments in an amount greater than the balance of the Note. Any outstanding unpaid principal and accrued interest on this Note as of the Maturity Date will be due and payable on the Maturity Date and may be paid in cash or, in the Company’s discretion, subject to the Equity Conditions, in Common Stock.

Amortization and Installment Payments. At the earlier of the six (6) month anniversary of the Original Issue Closing Date or two (2) Trading Days after the SEC Effective Date of the Company’s Registration Statement on Form S-1Date, the Company shall redeem one-sixth twelfth (1/6th1/12th) of the face amount of this Note then outstanding and any accrued but unpaid interest on a monthly bi-weekly basis in accordance with the Amortization Schedule attached hereto as Schedule 2 (each, an “Amortization Payment”). Each Amortization Payment shall, at the option of the Company, be made in cash or, subject to the Equity Conditions, in Common Stock pursuant to the Amortization Conversion Rate. Notwithstanding any provision in this Note to the contrary, the Company will not be required to make any Amortization Payment to the extent any such Amortization Payment would result in the Company making aggregate Amortization Payments in an amount greater than the balance of the Note. Any outstanding unpaid principal and accrued interest on this Note as of the Maturity Date will be due and payable on the Maturity Date and may be paid in cash or, in the Company’s discretion, subject to the Equity Conditions, in Common Stock.