Company: HROW
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000925
Chunk: 262

Company: HARROW, INC.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1A
Chunk 262
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 permitted exceptions. Any failure by us to comply with any of these covenants, subject to certain cure periods,
or to make all payments under the debt instruments when due, would cause us to be in default under the applicable debt instrument.
In the event of any such default, lenders may be able to foreclose on our assets that secure the debt or declare all borrowed funds,
together with accrued and unpaid interest, immediately due and payable, thereby potentially causing all of our available cash to be
used to pay our indebtedness or forcing us into bankruptcy or liquidation if we do not then have sufficient cash available. Any such
event or occurrence could severely and negatively impact our operations and prospects.

 48 

The indenture under
which the Notes were issued contains limited protection for holders of the Notes.

The
indenture under which the Notes were issued offers limited protection to holders of the Notes. The terms of the indenture and the Notes
do not restrict our or any of our subsidiaries’ ability to engage in, or otherwise be a party to, a variety of corporate transactions,
circumstances or events that could have an adverse impact on the holders of the Notes. In particular, the terms of the indenture and
the Notes do not place any restrictions on our or our subsidiaries’ ability to:

    ●
    issue debt securities or otherwise incur additional indebtedness or
    other obligations, including (1) any indebtedness or other obligations that would be equal in right of payment to the Notes, (2)
    any indebtedness or other obligations that would be secured and therefore rank effectively senior in right of payment to the Notes
    to the extent of the values of the assets securing such debt, (3) indebtedness of ours that is guaranteed by one or more of our subsidiaries
    and which therefore is structurally senior to the Notes and (4) securities, indebtedness or obligations issued or incurred by our
    subsidiaries that would be senior to our equity interests in our subsidiaries and therefore rank structurally senior to the Notes
    with respect to the assets of our subsidiaries;

    ●
    pay dividends on, or purchase or redeem or make any payments in respect
    of, capital stock or other securities subordinated in right of payment to the Notes;

    ●
    sell assets (other than certain limited restrictions on our ability
    to consolidate, merge or sell all or substantially all of our assets);

    ●
    enter into transactions with affiliates;

    ●
    create liens (including