/Docs/G/SeriesSeed-Cooley-CmA/notes/Term_Sheet/0.md
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If the {_Company} is acquired prior to the {_Qualified_Financing}, [then at each Investor's option, either (i) such][each] Investor shall receive a cash repayment equal to the outstanding principal and unpaid accrued interest[, plus an additional payment equal to [___]% of the principal amount of such Investor's Note][, or (ii) such Investor's Note shall be converted into shares of common stock at a conversion price equal to the quotient resulting from dividing $________ by the number of outstanding shares of common stock of the {_Company} [immediately prior to the Change of Control][as of the date of such Investor's Note] (assuming conversion of all securities convertible into common stock and exercise of all outstanding options and warrants, but excluding the shares of equity securities of the {_Company} issuable upon the conversion of the Notes or other indebtedness)].