Common use of Early Closing Clause in Contracts

Early Closing. The Company may effect the Closing (an “Early Closing”) prior to the Offering Deadline (such earlier Closing Date, the “Early Closing Date”) if all of the following conditions are satisfied: (i) the Early Closing Date is at least 21 days after the Offering (ii) FlashFunders provides notice (the “Early Closing Notice”) to the Investor of (A) the Early Closing Date, (B) the right of investors in the Offering to cancel their subscriptions at any time and for any reason up until 48 hours prior to the Early Closing Date, and (C) whether the Company will continue to accept subscriptions under the Offering during such 48-hour period; (iii) FlashFunders provides the Early Closing Notice to the other Flash CF Investors and any potential Flash CF Investor; (iv) the Early Closing Date is scheduled for and occurs at least five Business Days after the Early Closing Notice is provided by FlashFunders; (v) at the time of the Early Closing, the Company has received into the Escrow Account in cleared funds, and is accepting, subscriptions from Flash CF Investors for shares of Flash CF Preferred having an aggregate purchase price of at least the Target Offering Amount; (vi) prior to the Early Closing, the Company shall have filed the Charter with the Secretary of State of Delaware; and (vii) Investor has delivered to the Company an executed copy of (A) the Rights Agreement and (B) the Arbitration Agreement.

Early Closing. The Company may effect the Closing (an “Early Closing”) prior to the Offering Deadline (such earlier Closing Date, the “Early Closing Date”) if all of the following conditions are satisfied: (i) the Early Closing Date is at least 21 days after the Offering (ii) FlashFunders provides notice (the “Early Closing Notice”) to the Investor of (A) the Early Closing Date, (B) the right of investors in the Offering to cancel their subscriptions at any time and for any reason up until 48 hours prior to the Early Closing Date, and (C) whether the Company will continue to accept subscriptions under the Offering during such 48-hour period; (iii) FlashFunders provides the Early Closing Notice to the other Flash CF Investors and any potential Flash CF Investor; (iv) the Early Closing Date is scheduled for and occurs at least five Business Days after the Early Closing Notice is provided by FlashFunders; (v) at the time of the Early Closing, the Company has received into the Escrow Account in cleared funds, and is accepting, subscriptions from Flash CF Investors for shares of Flash CF Preferred Convertible Securities having an aggregate purchase price investment amount of at least the Target Offering Amount; (vi) prior to the Early Closing, the Company shall have filed the Charter with the Secretary of State of Delaware; and (viivi) Investor has delivered to the Company an executed copy of (A) the Rights Agreement and (B) the Arbitration Agreement.