Common use of Termination and Waiver of Rights of First Refusal Clause in Contracts

Termination and Waiver of Rights of First Refusal. The rights of first refusal established by this Section 4 shall not apply to, and shall terminate upon the earlier of (i) the effective date of the registration statement pertaining to the Initial Offering or a SPAC Transaction, in each case which is listed on a nationally recognized stock exchange or (ii) the closing of a Liquidation Event or a transaction deemed to be a Liquidation Event for purposes of Section 3 of the Certificate.

Termination and Waiver of Rights of First Refusal. The rights of first refusal established by this Section 4 shall not apply to, and shall terminate upon the earlier of (i) the effective date of the registration statement pertaining to the Initial Offering or a SPAC TransactionCompany's Qualified Offering, in each case which is listed on a nationally recognized stock exchange or (ii) the closing of a Liquidation Event or a transaction deemed to be a Liquidation Event for purposes of Section 3 effective date of the Certificate.registration statement pertaining to any other public offering of the Company's securities in which all of the Company's outstanding Preferred Stock is converted into Common Stock in accordance with the Company's Articles of Incorporation, or (iii) a

Termination and Waiver of Rights of First Refusal. The rights of first refusal established by this Section 4 shall will not apply to, and shall will terminate upon the earlier of (i) the effective date of the registration statement pertaining to the Company’s Initial Offering or a SPAC Transaction, in each case which is listed on a nationally recognized stock exchange or (ii) the closing of a Liquidation Event or a transaction deemed to be a Liquidation Event for purposes of Section 3 of the CertificateEvent.