Repayment upon Offering Sample Clauses

Repayment upon Offering. In the event that the Company completes any offering or sale of securities (i) after the Execution Date, and (ii) after aggregate proceeds to the Company from any and all post-Execution Date offerings has exceeded $2,000,000, 50% of the further proceeds from each such offering shall first be applied to the repayment of the Note until the same shall have been paid and satisfied in full.