Common use of Mergers, Consolidation, Sales Clause in Contracts

Mergers, Consolidation, Sales. In the case of any (i) initial public offering by the Company (an “IPO”), or (ii) consolidation, merger, reorganization or sale of all or substantially all of the assets of the Company whereby the holders of Common Stock shall be entitled to receive stock, securities, or other asset or property (an “Organic Change”), then this Warrant shall expire unless exercised prior to such IPO or Organic Change. The Company shall provide to the Holder of this Warrant ten (10) days’ prior written notice of any IPO or Organic Change, which notice shall specify that this Warrant will expire if not exercised prior to such IPO or Organic Change.