Common use of Series of Notes Clause in Contracts

Series of Notes. This convertible promissory note (the “Note”) is issued as part of a series of notes designated by the Note Series above (collectively, the “Notes”) to certain persons and entities (collectively, the “Holders” or “Purchasers”). The Company shall maintain a ledger of all Holders. As of the date hereof, the Company intends to issue Notes in this Note Series with an aggregate initial principal balance of $15,000,000; provided, however, the Company reserves the right to increase such amount to up to an aggregate initial principal balance of $20,000,000.

Series of Notes. This convertible promissory note (the “Note”) is issued as part of a series of notes designated by the Note Series above (collectively, the “Notes”) to certain persons and entities (collectively, the “Holders” or “Purchasers”). The Company shall maintain a ledger of all Holders. As of the date hereof, the Company intends to issue Notes in this Note Series with an aggregate initial principal balance of $15,000,0007,000,000; provided, however, the Company reserves the right to increase such amount to up to an aggregate initial principal balance of $20,000,0008,000,000.