Common use of Effect of No Issuance of Optional Order Clause in Contracts

Effect of No Issuance of Optional Order. In case HM does not issue the Optional Order before or on the due date, AV may suspend the entrance of the equivalent Milestone and covered Works until AV receives the Optional Order. In the event of Optional Work Orders are not exercised, AV will transfer all assets to HAPSMobile. Exhibit A – Project Funds Status Report Exhibit B – Monthly Status Report (Example) Exhibit C – Milestone Invoice (Example) [***] Information has been omitted pursuant to Item 601(b)(2) of Regulation S-K. Exhibit A to Attachment F – Project Funds Status Report

Effect of No Issuance of Optional Order. ​ In case HM does not issue the Optional Order before or on the due date, AV may suspend the entrance of the equivalent Milestone and covered Works until AV receives the Optional Order. In the event of Optional Work Orders are not exercised, AV will transfer all assets to HAPSMobile. ​ Exhibit A – Project Funds Status Report ​ Exhibit B – Monthly Status Report (Example) ​ Exhibit C – Milestone Invoice (Example) ​ ​ [***] Information has been omitted pursuant to Item 601(b)(2) of Regulation S-K. ​ Exhibit A to Attachment F – Project Funds Status ReportReport ​

Effect of No Issuance of Optional Order. In case HM does not issue the Optional Order before or on the due date, AV may suspend the entrance of the equivalent Milestone and covered Works until AV receives the Optional Order. In the event of Optional Work Orders are not exercised, AV will transfer all assets to HAPSMobile. ​ Exhibit A – Project Funds Status Report ​ Exhibit B – Monthly Status Report (Example) ​ Exhibit C – Milestone Invoice (Example) 24 [***] Information has been omitted pursuant to Item 601(b)(2) of Regulation S-K. ​ ​ Exhibit A to Attachment F – Project Funds Status Report