Common use of Change of Control Clause in Contracts

Change of Control. In the event that during the term of this contract a person (natural or legal) other than (i) a Existing shareholder referred to in section 2.1 or (ii) a relative (within the meaning of § 32 IO) of a Existing shareholder or (iii) a legal entity, in which a Existing shareholder or a relative (within the meaning of § 32 IO) of a Existing shareholder is directly or indirectly involved economically and legally, acquires more than 50% of the shares in the Company (so that this person subsequently holds a majority of voting rights in the Company) ("Change of control"), the Company has the right to terminate the Subordinated loan (but only together with all other subordinated loans from crowd-investors granted simultaneously with this Subordinated loan) prematurely before the expiration of the term.

Change of Control. In the event that during the term of this contract a person (natural or legal) other than (i) a Existing shareholder referred to in section 2.1 or (ii) a relative (within the meaning of § 32 IO138 InsO) of a Existing shareholder or (iii) a legal entity, in which a Existing shareholder or a relative (within the meaning of § 32 IO138 InsO) of a Existing shareholder is directly or indirectly involved economically and legally, acquires more than 50% of the shares in the Company (so that this person subsequently holds a majority of voting rights in the Company) ("Change of control"), the Company has the right to terminate the Subordinated loan (but only together with all other subordinated loans from crowd-investors granted simultaneously with this Subordinated loan) prematurely before the expiration of the term.

Change of Control. In the event that during the term of this contract a person (natural or legal) other than (i) a Existing shareholder referred to in section 2.1 or (ii) a relative (within the meaning of § 32 IO138 InsO) of a Existing shareholder or (iii) a legal entity, in which a Existing shareholder or a relative (within the meaning of § 32 IO138 InsO) of a Existing shareholder is directly or indirectly involved economically and legally, acquires more than 50% of the shares in the Company (so that this person subsequently holds a majority of voting rights in the Company) ("Change of control"), the Company has the right to terminate the Subordinated loan (but only together with all other subordinated loans from crowd-investors granted simultaneously with this Subordinated loan) prematurely before the expiration of the term.. Darlehensvertrag/ Loan contract 27.05.2020 11 / 15

Change of Control. In the event that during the term of this contract a person (natural or legal) other than (i) a Existing shareholder referred to in section 2.1 or (ii) a relative (within the meaning of § 32 IO) of a Existing shareholder or (iii) a legal entity, in which a Existing shareholder or a relative (within the meaning of § 32 IO) of a Existing shareholder is directly or indirectly involved economically and legally, acquires more than 50% of the shares in the Company (so that this person subsequently holds a majority of voting rights in the Company) ("Change of control"), the Company has the right to terminate the Subordinated loan (but only together with all other subordinated loans from crowd-investors granted simultaneously with this Subordinated loan) prematurely before the expiration of the term.. Darlehensvertrag/ Loan contract 07.12.2020 11 / 15