Payment upon Change of Control. If the Company consummates a Change of Control (as defined below) while this Note remains outstanding, the Company shall pay or issue to the Holder the greater of: (a) the amount of Change of Control consideration that such Holder would have received had the balance then outstanding under the Notes been converted immediately prior to the consummation of such Change of Control into ordinary shares of the Company (“Ordinary Shares”); and (b) an amount equal to 150% of the Conversion Amount
Appears in 2 contracts
Samples: Convertible Note Purchase Agreement (Real Messenger Corp), Convertible Promissory Note (Real Messenger Corp)
Payment upon Change of Control. If the Company consummates a Change of Control (as defined below) while this Note remains outstanding, the Company shall pay or issue to the Holder the greater of:
(a) the amount of Change of Control consideration that such Holder would have received had the balance then outstanding under the Notes been converted immediately prior to the consummation of such Change of Control into ordinary shares of the Company (“Ordinary Shares”); and
(b) an amount equal to 150% of the Conversion Amount
Appears in 1 contract
Samples: Convertible Note Purchase Agreement (Real Messenger Corp)
