Ti | = | Optional Conversion at non-Qualified Financing |
sec | = | In the event {Non-QualifiedFinancing.cl}, then {OptionDeciders.cl} shall have {OptionToConvert.cl}. |
Non-QualifiedFinancing.cl | = | {CompanyIssuesEquity.cl} |
CompanyIssuesEquity.cl | = | the Company consummates, {While.cl}, {RaisingLessThan.cl} |
While.cl | = | Select: |
While.cl/Maturity | = | on or before the {_Maturity_Date} |
While.cl/NoteOutstanding | = | while this {_Note} remains outstanding |
RaisingLessThan.cl | = | an equity financing pursuant to which it sells shares of {_Preferred_Stock} in a transaction that does not constitute a {_Qualified_Financing} |
OptionToConvert.cl | = | the option to treat such equity financing as a {_Qualified_Financing} on the same terms set forth herein. |
OptionDeciders.cl/MajorityHolders | = | {_Majority_Holders} |
OptionDeciders.cl/EachHolder | = | {_Holder} |
= | [G/Z/ol/Base] | |
// | = | The text was: |
In the event the Company consummates, [on or before the Maturity Date][while this Note remains outstanding], an equity financing pursuant to which it sells shares of Preferred Stock in a transaction that does not constitute a Qualified Financing, then the [Majority Holders][Holder] shall have the option to treat such equity financing as a Qualified Financing on the same terms set forth herein. | = |