Company: INDP
Filing Date: 2025-08-13
Form Type: S-3
Source: 0001641172-25-023490
Chunk: 35

Company: Indaptus Therapeutics, Inc.
Filing Date: 2025-08-13
Form: S-3
Chunk 35
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, the debt security as they become due, and additional amounts, if any, out of the proceeds yielded by converting the amount deposited in respect of the debt security into the currency in which the debt security becomes payable as a result of the holder’s election or the conversion event based on the applicable market exchange rate.

| 24 |

Unless otherwise provided in the applicable prospectus supplement, a “conversion event” means the cessation of use of:

| ● | a currency issued by the                                                                                                                
 government of one or more countries other than the United States, both by the government of the country that issued that currency       
 and for the settlement of transactions by a central bank or other public institutions of or within the international banking community; |
| ● | the European Community,                                                                                                                 
 both within the European Monetary System and, for the settlement of transactions, by public institutions of or within the European      
 Community; or                                                                                                                           |
| ● | any currency for the purposes                                                                                                           
 for which it was established.                                                                                                           |

Unless otherwise provided in the applicable prospectus supplement, we will make all payments of principal of, and any premium, make-whole amount, interest and additional amounts on, any debt security that is payable in a foreign currency that ceases to be used by its government of issuance in United States dollars.

In the event that we effect covenant defeasance with respect to any debt securities and the debt securities are declared due and payable because of the occurrence of an event of default other than:

| ● | the event of default described                                                                                           
 in the fourth bullet under “Certain Covenants—Events of Default, Notice and Waiver,” which would no longer be applicable 
 to the debt securities of that series; or                                                                                |
| ● | the event of default described                                                                                           
 in the sixth bullet under “Certain Covenants—Events of Default, Notice and Waiver” with respect to a covenant as         
 to which there has been covenant defeasance,                                                                             |

then the amount on deposit with the trustee will still be sufficient to pay amounts due on the debt securities at the time of their stated maturity but may not be sufficient to pay amounts due on the debt securities at the time of the acceleration resulting from the event of default. In this case, we would remain liable to make payment of the amounts due at the time of acceleration.

The applicable prospectus supplement may describe any additional provisions permitting defeasance or covenant defeasance, including any modifications to the provisions described above, with respect to a particular series of debt securities.

Conversion