Common use of Change in Business or Ownership Clause in Contracts

Change in Business or Ownership. Engage in or permit any of its Subsidiaries to engage in any business other than the businesses currently engaged in by Borrower or reasonably related thereto or have a material change in its ownership equal to or greater than twenty-five percent (25%) (i) other than by the sale by Borrower of Borrower’s Equity Securities in a public offering or (ii) to venture capital investors so long as Borrower identifies to Collateral Agent the venture capital investors prior to the execution of a definitive agreement relating to such change of ownership and such venture capital investors have cleared each Lender’s “know your customer” checks.

Change in Business or Ownership. Engage in (a) Engage, or permit any of its Subsidiaries Subsidiary to engage engage, in any business other than the businesses currently engaged in by Borrower or such Subsidiary, as applicable, or reasonably related thereto or have (b) issue in a material change private placement Equity Securities to venture capital investors that results in its ownership equal to one or greater than more of such investors holding twenty-five percent (25%) (i) other than by the sale by Borrower or more of Borrower’s Equity Securities in a public offering or (ii) to venture capital investors so long as ownership following such issuance unless Borrower identifies to Lender and Collateral Agent the venture capital investors prior to the execution of a definitive agreement relating to such change of ownership and any such venture capital investors have cleared each Lender’s “know your customer” checks.

Change in Business or Ownership. Engage in (a) Engage, or permit any of its Subsidiaries Subsidiary to engage engage, in any business other than the businesses currently engaged in by Borrower or such Subsidiary, as applicable, or reasonably related thereto or have (b) issue in a material change private placement Equity Securities to venture capital investors that results in its ownership equal to one or greater than more of such investors holding twenty-five percent (25%) (i) other than by the sale by Borrower or more of Borrower’s Equity Securities in a public offering or (ii) to venture capital investors so long as ownership following such issuance unless Borrower identifies to Lenders and Collateral Agent the venture capital investors prior to the execution of a definitive agreement relating to such change of ownership and any such venture capital investors have cleared each Lender’s “know your customer” checks.

Change in Business or Ownership. Engage in (a) Engage, or permit any of its Subsidiaries Subsidiary to engage engage, in any business other than the businesses currently engaged in by Borrower or such Subsidiary, as applicable, or reasonably related thereto or have (b) issue in a material change private placement Equity Securities to venture capital investors that results in its ownership equal to one or greater than more of such investors holding twenty-five percent (25%) (i) other than by the sale by Borrower or more of Borrower’s Equity Securities in a public offering or (ii) to venture capital investors so long as ownership following such issuance unless Borrower identifies to Collateral Agent Lender the venture capital investors prior to the execution of a definitive agreement relating to such change of ownership and any such venture capital investors have cleared each Lender’s “know your customer” checks.