Document ID: 12950

Text:
(c) At any time after 90 days after the Commencement Date or immediately upon the completion of a fully underwritten offering of greater than $5,000,000 , the Company shall have the option to terminate this Agreement for any reason or for no reason by delivering notice (a Company Termination Notice) to the Investor electing to terminate this Agreement without any liability whatsoever of any party to any other party under this Agreement (except as set forth below).The Company Termination Notice shall not be effective until one (1) Business Day after it has been received by the Investor. Upon receipt of a Company Termination Notice, if the Remaining Amount is greater than $4,000,000, the Company shall issue to the Investor, within two (2) Business Days of the Company Termination Notice, shares of the Companys common stock, registered pursuant to the Securities Act , with a value equal to 10% of the difference of $5,000,000 less the Remaining Amount divided by either the (i) price of the Companys Common Stock issued in the fully underwritten offering if the Company Termination Notice is issued in connection with a fully underwritten offering or (ii) the average VWAP of the Purchase Shares for the five consecutive Business Days ending on and including the date that the Investor receives the Company Termination Notice.

Named Entities:
26
31
Principal
128
133
Principal
167
168
Act
175
176
Percentage

Tokenized Text:
(
c
)
At
any
time
after
90
days
after
the
Commencement
Date
or
immediately
upon
the
completion
of
a
fully
underwritten
offering
of
greater
than
$
5
,
000
,
000
,
the
Company
shall
have
the
option
to
terminate
this
Agreement
for
any
reason
or
for
no
reason
by
delivering
notice
(
a
Company
Termination
Notice
)
to
the
Investor
electing
to
terminate
this
Agreement
without
any
liability
whatsoever
of
any
party
to
any
other
party
under
this
Agreement
(
except
as
set
forth
below
)
.
The
Company
Termination
Notice
shall
not
be
effective
until
one
(
1
)
Business
Day
after
it
has
been
received
by
the
Investor
.
Upon
receipt
of
a
Company
Termination
Notice
,
if
the
Remaining
Amount
is
greater
than
$
4
,
000
,
000
,
the
Company
shall
issue
to
the
Investor
,
within
two
(
2
)
Business
Days
of
the
Company
Termination
Notice
,
shares
of
the
Companys
common
stock
,
registered
pursuant
to
the
Securities
Act
,
with
a
value
equal
to
10
%
of
the
difference
of
$
5
,
000
,
000
less
the
Remaining
Amount
divided
by
either
the
(
i
)
price
of
the
Companys
Common
Stock
issued
in
the
fully
underwritten
offering
if
the
Company
Termination
Notice
is
issued
in
connection
with
a
fully
underwritten
offering
or
(
ii
)
the
average
VWAP
of
the
Purchase
Shares
for
the
five
consecutive
Business
Days
ending
on
and
including
the
date
that
the
Investor
receives
the
Company
Termination
Notice
.