Company: QTIWW
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001844505-25-000053
Chunk: 11

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 3
Chunk 11
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 of twenty calendar days during any twelve-month period, the Company is obligated to pay to the Purchaser, on each monthly anniversary of each such Event, an amount in cash, as partial liquidated damages and not as a penalty, equal to the product of 0.5% multiplied by the aggregate subscription amount paid by the Purchaser pursuant to the Recanati Securities Purchase Agreement.

All fees and expenses incident to the performance of or compliance with the Recanati Registration Rights Agreement by the Company will be borne by the Company, whether or not any Shares or Recanati Warrant Shares are sold pursuant to a registration statement.

The foregoing summary of the Recanati Registration Rights Agreement is qualified in its entirety by reference to the form of Recanati Registration Rights Agreement, a copy of which is filed with this Quarterly Report as Exhibit 10.11, and the terms of which are incorporated in this Quarterly Report by reference.