Common use of Rollover Rights Clause in Contracts

Rollover Rights. So long as the Note is outstanding, if the Borrower completes any public offering or private placement of its equity, equity-linked or debt securities (each, a “Future Transaction”), the Holder may, in its sole discretion, elect to apply as purchase consideration for such Future Transaction: (i) all, or any portion, of the then outstanding principal amount of the Note and any accrued but unpaid interest, including any amounts that would be added to the principal outstanding in the event that any redemption right or prepayment right is exercised by either the Holder or the Borrower, and (ii) any securities of the Borrower then held by the Holder, at their fair value (the “Rollover Rights”). The Borrower shall give written notice to H▇▇▇▇▇ as soon as practicable, but in no event less than fifteen (15) Trading Days before the anticipated closing date of such Future Transaction. The Holder may exercise its Rollover Rights by providing the Borrower written notice of such exercise within five Business Days before the closing of the Future Transaction. In the event Holder exercises its Rollover Rights, then such elected portion with respect to (i) and (ii) above, shall automatically convert into the corresponding securities issued in such Future Transaction under the terms of such Future Transaction, such that the Holder will receive all securities (including, without limitation, any warrants) issuable under the Future Transaction.

Rollover Rights. So long as the Note is outstanding, if the Borrower Company completes any single public offering or private placement of its equity, equity-linked or debt securities securities, including but not limited to a “Reg-A Offering” (each, a “Future Transaction”), the Holder Purchaser may, in its sole discretion, elect to apply as purchase consideration for such Future Transaction: (i) all, or any portion, of the then outstanding principal amount of the Note and any accrued but unpaid interest, including any amounts that would be added to the principal outstanding in the event that any redemption right or prepayment right is exercised by either the Holder Purchaser or the BorrowerCompany, and (ii) any securities of the Borrower Company then held by the HolderPurchaser, at their fair value (the “Rollover Rights”). The Borrower Company shall give written notice to H▇▇▇▇▇ Purchaser as soon as practicable, but in no event less than fifteen (15) Trading Days days before the anticipated closing date of such Future Transaction. The Holder Purchaser may exercise its Rollover Rights by providing the Borrower Company written notice of such exercise within five Business Days before the closing of the Future Transaction. In the event Holder Purchaser exercises its Rollover Rights, then such elected portion with respect to (i) and (ii) above, shall automatically convert into the corresponding securities issued in such Future Transaction under the terms of such Future Transaction, such that the Holder Purchaser will receive all securities (including, without limitation, any warrants) issuable under the Future Transaction.

Rollover Rights. So long as the Note is outstanding, if the Borrower Company completes any single public offering or private placement of its equity, equity-linked or debt securities (each, a “Future Transaction”), the Holder Purchaser may, in its sole discretion, elect to apply as purchase consideration for such Future Transaction: (i) all, or any portion, of the then outstanding principal amount of the Note and any accrued but unpaid interest, including any amounts that would be added to the principal outstanding in the event that any redemption right or prepayment right is exercised by either the Holder Purchaser or the BorrowerCompany, and (ii) any securities of the Borrower Company then held by the HolderPurchaser, at their fair value (the “Rollover Rights”). The Borrower Company shall give written notice to H▇▇▇▇▇ Purchaser as soon as practicable, but in no event less than fifteen (15) Trading Days days before the anticipated closing date of such Future Transaction. The Holder Purchaser may exercise its Rollover Rights by providing the Borrower Company written notice of such exercise within five (5) Business Days before the closing of the Future Transaction. In the event Holder Purchaser exercises its Rollover Rights, then such elected portion with respect to (i) and (ii) above, shall automatically convert into the corresponding securities issued in such Future Transaction under the terms of such Future Transaction, such that the Holder Purchaser will receive all securities (including, without limitation, any warrants) issuable under the Future Transaction.