Company: INDP
Filing Date: 2025-08-13
Form Type: S-3
Source: 0001641172-25-023490
Chunk: 34

Company: Indaptus Therapeutics, Inc.
Filing Date: 2025-08-13
Form: S-3
Chunk 34
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 the terms of the debt securities, our obligations with respect to any other covenant.                                   |

If we choose to be released from our respective obligations under the covenants, any failure to comply with any of the obligations imposed on us by the covenants will not constitute a default or an event of default with respect to the debt securities. However, to make either election, we must irrevocably deposit with the trustee an amount, in such currency or currencies in which the debt securities are payable at their stated maturity, or in Government Obligations, or both, that will provide sufficient funds to pay the principal of, and any premium, make-whole amount, interest and additional amounts on, the debt securities, and any mandatory sinking fund or similar payments on the debt securities, on the relevant scheduled due dates.

We may defease and discharge the obligations, as described in the preceding paragraphs, only if, among other things, we have delivered to the trustee an opinion of counsel to the effect that:

| ● | the holders of the debt                                                                                                                
 securities will not recognize income, gain or loss for U.S. federal income tax purposes as a result of the defeasance or covenant      
 defeasance described in the previous paragraphs and will be subject to U.S. federal income tax on the same amounts, in the same manner 
 and at the same times as would have been the case if the defeasance or covenant defeasance had not occurred; and                       |
| ● | in the case of defeasance,                                                                                                             
 the opinion of counsel must refer to, and be based upon, a ruling of the Internal Revenue Service, or IRS, or a change in applicable   
 U.S. federal income tax laws occurring after the date of the applicable indenture.                                                     |

Unless otherwise provided in the applicable prospectus supplement, if, after we have deposited funds and/or Government Obligations to effect defeasance or covenant defeasance with respect to debt securities of any series:

| ● | the holder of a debt security                                                                                                             
 of the series elects to receive payment in a currency other than that in which the deposit has been made in respect of the debt security; 
 or                                                                                                                                        |
| ● | a conversion event, as                                                                                                                    
 defined below, occurs in respect of the currency in which the deposit has been made,                                                      |

then the indebtedness represented by the debt security will be fully discharged and satisfied through the payment of the principal of, and any premium, make-whole amount and interest on