Common use of RIGHT OF FIRST REFUSAL TO AURA Clause in Contracts

RIGHT OF FIRST REFUSAL TO AURA. Aura shall have the first right of refusal to provide any additional funds from the sale of Ontro securities that Ontro believes it needs at any time prior to the expiration of the term of this Agreement. This right shall not apply to any funds that may be provided by Unilever or its affiliates or designees. In the event Ontro intends to raise additional capital through the sale of its securities prior to the end of the term of this Agreement to any party other than Unilever or its affiliates and designees then Ontro shall provide written notice to Aura of the terms of such proposed issuance, and Aura shall have the right for 15 days from receipt of Ontro's notice to Aura to notify Ontro in writing that Aura will act as a finder to supply a Purchaser for the proposed issuance, or Aura or its designee will purchase the securities on the terms set forth in Ontro's notice to Aura. If Aura elects to act as a finder and supply a Purchaser for the proposed issuance or Aura or its designee elects to purchase the securities Aura shall be paid the fees set forth in paragraph A. 2 above in connection with the issuance of the securities.

RIGHT OF FIRST REFUSAL TO AURA. Aura shall have the first right of refusal to provide any additional funds from the sale of Ontro securities that Ontro believes it needs at any time prior to the expiration of the term of this Agreement. This right shall not apply to any funds that may be provided by Unilever or its affiliates or designees. In the event Ontro intends to raise additional capital through the sale of its securities prior to the end of the term of this Agreement to any party other than then Unilever or its affiliates and designees then Ontro shall provide written notice to Aura of the terms of such proposed issuance, and Aura shall have the right for 15 days from receipt of Ontro's notice to Aura to notify Ontro in writing that Aura will act as a finder to supply a Purchaser for the proposed issuance, or Aura or its designee will purchase the securities on the terms set forth in Ontro's notice to Aura. If Aura elects to act as a finder and supply a Purchaser for the proposed issuance or Aura or its designee elects to purchase the securities Aura shall be paid the fees set forth in paragraph A. Section 2 above in connection with the issuance of the securities.