Dilution After Qualified Financing Sample Clauses

Dilution After Qualified Financing. Until there has been a Qualified Financing (as defined below), the Holder shall have the right to purchase Shares constituting Two Percent (2%) of the common stock of the Company. After a Qualified Financing, that Two Percent shall be subject to such dilution, if any, to which all other holders of Shares are subject, although in any event the Holder shall still retain all adjustment rights stated in this Article. A Qualified Financing shall mean the Company’s closing of a preferred stock investment of at least Five Hundred Thousand ($500,000.00) Dollars which preferred stock shall carry all the rights and preferences normally associated with preferred stock in Series A or Series Seed transactions.
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