Company: IONQ
Filing Date: 2025-11-10
Form Type: 424B7
Source: 0000950142-25-002919
Chunk: 28

Company: IonQ, Inc.
Filing Date: 2025-11-10
Form: 424B7
Chunk 28
---
 person (if other than us) is a corporation organized                                 
 and validly existing under the laws of any U.S. domestic jurisdiction and expressly assumes our obligations on the debt securities and 
 under the indenture; and                                                                                                               |

| • | immediately after giving effect to the transaction, no Default or Event of Default (as defined below), 
 shall have occurred and be continuing.                                                                 |

Notwithstanding
the above, any of our subsidiaries may consolidate with, merge into or transfer all or part of its properties to us.

Events of Default

“Event of Default” means with
respect to any series of debt securities, any of the following:

| • | default in the payment of any interest upon any debt security of that series when it becomes due and                                  
 payable, and continuance of such default for a period of 30 days (unless the entire amount of the payment is deposited by us with the 
 trustee or with a paying agent prior to the expiration of the 30-day period);                                                         |

| • | default in the payment of principal of any security of that series at its maturity; |

| • | default in the performance or breach of any other covenant or warranty by us in the indenture (other                                      
 than a covenant or warranty that has been included in the indenture solely for the benefit of a series of debt securities other than that 
 series), which default continues uncured for a period of 60 days after we receive written notice from the trustee, or we and the trustee  
 receive written notice from the holders of not less than 25% in principal amount of the outstanding debt securities of that series as     
 provided in the indenture;                                                                                                                |

| • | certain voluntary or involuntary events of bankruptcy, insolvency or reorganization of us; and |

| • | any other Event of Default provided with respect to debt securities of that series that is described 
 in the applicable prospectus supplement.                                                             |

No Event of Default with
respect to a particular series of debt securities (except as to certain events of bankruptcy, insolvency or reorganization) necessarily
constitutes an Event of Default with respect to any other series of debt securities. The occurrence of certain Events of Default or an
acceleration under the indenture may constitute an event of default under certain indebtedness of ours or our subsidiaries outstanding
from time to time.

We will provide the trustee
written notice of any Default or Event of Default within 30 days of becoming aware of the occurrence of such Default or Event of Default,
which notice