Common use of Automatic Conversion of the Notes Clause in Contracts

Automatic Conversion of the Notes. The outstanding principal balance of the Notes and all accrued interest shall automatically convert into common stock of the Company immediately prior to the Company’s receipt of an effective order from the SEC declaring the registration statement of its initial public offering effective (the “Financing Event”). The shares of common stock issuable upon conversion of the Notes shall be included in the registration statement for such Financing Event. The “Conversion Price” of the Notes will be at $2.00 per share.

Automatic Conversion of the Notes. The outstanding principal balance of the Notes and all accrued interest shall automatically convert into common stock of the Company immediately prior to the Company’s receipt execution of an effective order from the SEC declaring the registration statement of its underwriting agreement with a FINRA member for an initial public offering effective of its securities (the “Financing Event”). The shares of common stock issuable upon conversion of the Notes shall be included in the registration statement for such Financing Event. The “Conversion Price” of the Notes will be at $2.00 per share.