Common use of Additional Loan Clause in Contracts

Additional Loan. The Buyer shall lend the Company an additional amount of $1,000,000 (the “Additional Purchase Price”) in exchange for a secured Convertible Note having a repayment date of November 29, 2024 and bearing an interest rate of 8.5% for such period; to the extent that any portion of the Principal Amount is not repaid by the repayment date, it will bear interest at the rate of 15% per annum (on the basis of the actual number of days elapsed commencing from November 30, 2024 and ending on the payment date, in a year of 360 days) and otherwise on the same terms and conditions as the Outstanding Notes (the “Additional Note”). As collateral for the Additional Note, the Additional Note shall be secured pari passu by the same Charged Assets that secure the Outstanding Notes, and the pledge over the Charge Assets in favor of the Lender shall not be released before all the obligations under the Outstanding Notes and the Additional Note are repaid in full. The Buyer shall be permitted to pay the equivalent amount of Additional Purchase Price in Euros, in which case the Company shall repay the Principal Amount of the Additional Note in the same amount of Euros, without regard to the prevailing exchange rate at the time of repayment (notwithstanding anything in the Securities Purchase Agreement to the contrary). Notwithstanding the foregoing, the Additional Note and all monetary figures therein shall be denominated in U.S. Dollars.

Additional Loan. The Buyer shall lend the Company an additional amount of $1,000,000 2,000,000 (the “Additional Purchase Price”) in exchange for a secured Convertible Note having a repayment date of November 29, 2024 90 days following the Closing Date (as defined below) and bearing an interest rate of 8.510% for such 90-day period; to the extent that any portion of the Principal Amount is not repaid by the repayment dateend of such 90-day period, it will bear interest at the rate of 15% per annum (on the basis of the actual number of days elapsed commencing from November 30, 2024 the 91st day following the Issuance Date and ending on the payment date, in a year of 360 days) and otherwise on the same terms and conditions as the Outstanding Notes (the “Additional Note”). As collateral for the Additional Note, the Additional Note shall be secured pari passu by the same Charged Assets that secure the Outstanding Notes, and the pledge over the Charge Assets in favor of the Lender shall not be released before all the obligations under the Outstanding Notes and the Additional Note are repaid in full. The Buyer shall be permitted to pay the equivalent amount of Additional Purchase Price in Euros, in which case the Company shall repay the Principal Amount of the Additional Note in the same amount of Euros, without regard to the prevailing exchange rate at the time of repayment (notwithstanding anything in the Securities Purchase Agreement to the contrary). Notwithstanding the foregoing, the Additional Note and all monetary figures therein shall be denominated in U.S. Dollars.