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In addition, subject to the exceptions described below, the Company will not conduct any equity financing (including debt with an equity component) (\u201cFuture Offerings\u201d) during the period beginning on the Closing Date and ending two (2) years after the end of the Lock-up Period unless it shall have first delivered to each Buyer, at least twenty (20) business days prior to the closing of such Future Offering, written notice describing the proposed Future Offering, including the terms and conditions thereof and proposed definitive documentation to be entered into in connection therewith, and providing each Buyer an option during the fifteen (15) day period following delivery of such notice to purchase its pro rata share (based on the ratio that the aggregate principal amount of Notes purchased by it hereunder bears to the aggregate principal amount of Notes purchased hereunder) of the securities being offered in the Future Offering on the same terms as contemplated by such Future Offering (the limitations referred to in this sentence and the preceding sentence are collectively referred to as the \u201cCapital Raising Limitations\u201d). In the event the terms and conditions of a proposed Future Offering are amended in any respect after delivery of the notice to the Buyers concerning the proposed Future Offering, the Company shall deliver a new notice to each Buyer describing the amended terms and conditions of the proposed Future Offering and each Buyer thereafter shall have an option during the fifteen (15) day period following delivery of such new notice to purchase its pro rata share of the securities being offered on the same terms as contemplated by such proposed Future Offering, as amended. The foregoing sentence shall apply to successive amendments to the terms and conditions of any proposed Future Offering. The Capital Raising Limitations shall not apply to any transaction involving (i) issuances of securities in a firm commitment underwritten public offering (excluding a continuous offering pursuant to Rule 415 under the 1933 Act, an equity line of credit or similar financing arrangement) resulting in net proceeds to the Company of in excess of $15,000,000, or (ii) issuances of securities as consideration for a merger, consolidation or purchase of assets, or in connection with any strategic partnership or joint venture (the primary purpose of which is not to raise equity capital), or in connection with the disposition or acquisition of a business, product or license by the Company. The Capital Raising Limitations also shall not apply to the issuance of securities upon exercise or conversion of the Company\u2019s options, warrants or other convertible securities outstanding as of the date hereof or to the grant of additional options or warrants, or the issuance of additional securities, under any Company stock option or restricted stock plan approved by the shareholders of the Company. Notwithstanding anything in this section 4(e) to the contrary, in the event the Company\u2019s Board of Directors decides, in good faith, to enter into a transaction or relationship in which the Company issues shares of Common Stock or other securities of the Company to a person or any entity which is, itself or through its subsidiaries, an operating company in a business synergistic with the business of the Company and in which the Company received benefits in addition to the investment of funds, but shall not include a transaction in which the Company is issuing securities primarily for the purpose of raising capital or to an entity whose business is investing in securities, the Company shall be permitted to do so.", "hash": "1f00877fcc9b076dd28d6ac5b9caf0b1", "id": 1}, {"snippet_links": [{"key": "private-offering", "type": "clause", "offset": [7, 23]}, {"key": "of-licensee", "type": "clause", "offset": [24, 35]}, {"key": "equity-securities", "type": "definition", "offset": [38, 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This right is in addition to CSMC\u2019s rights under Section 4.2(a). In any offering subject to this Section 4.2(b), (i) CSMC\u2019s purchase right shall be on the same terms as the other investors in the financing in question, except that CSMC shall not have any board representation or board meeting attendance rights, (ii) Licensee will give CSMC notice of the terms of the offering, including the names of the investors and the amounts to be invested by each, and CSMC may elect to exercise its right of purchase, in whole or in part, by notice given to Licensee within thirty (30) days after receipt of Licensee\u2019s notice, and (iii) if CSMC elects not to purchase, or fails to give an election notice within such period, CSMC\u2019s purchase right will not apply to the offering if (and only if and to the extent) it is consummated within ninety (90) days on the same or less favorable (to the investor) terms as stated in Licensee\u2019s notice to CSMC. CSMC\u2019s rights under this Section 4.2(b) will not apply to the issuance of stock to employees and other service providers pursuant to a plan approved by Licensee\u2019s board of directors, to shares issued in connection with an acquisition, joint venture or other strategic transaction, or to shares issued as additional consideration in lending or leasing transactions. The rights granted in this Section 4.2(b) will terminate (in addition to any earlier termination pursuant to their terms) immediately before Licensee\u2019s initial public offering or a merger, sale or consolidation with a company that is subject to the periodic reporting requirements of Section 12(g) or 15(d) of the Securities Exchange Act of 1934, as amended.", "hash": "25041506acd4d60f4bdbedacaddf51b4", "id": 5}, {"snippet_links": [{"key": "private-financing", "type": "definition", "offset": [97, 114]}, {"key": "the-representative", "type": "clause", "offset": [220, 238]}, {"key": "placement-agent", "type": "definition", "offset": [271, 286]}, {"key": "person-or-entity", "type": "clause", "offset": [319, 335]}, {"key": "other-convertible-securities", "type": "clause", "offset": [364, 392]}, {"key": "of-the-investors", "type": "clause", "offset": [403, 419]}, {"key": "to-the-company", "type": "clause", "offset": [474, 488]}, {"key": "the-offering", "type": "clause", "offset": [530, 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aggregate principal amount of Notes purchased hereunder) of the securities being offered in the Future Offering on the same terms as contemplated by such Future Offering (the limitations referred to in this sentence and the preceding sentence are collectively referred to as the \"Capital Raising Limitations\"). In the event the terms and conditions of a proposed Future Offering are amended in any respect after delivery of the notice to the Buyers concerning the proposed Future Offering, the Company shall deliver a new notice to each Buyer describing the amended terms and conditions of the proposed Future Offering and each Buyer thereafter shall have an option during the ten (10) day period following delivery of such new notice to purchase its pro rata share of the securities being offered on the same terms as contemplated by such proposed Future Offering, as amended. The foregoing sentence shall apply to successive amendments to the terms and conditions of any proposed Future Offering. The Capital Raising Limitations shall not apply to any transaction involving (i) issuances of securities in a firm commitment underwritten public offering (excluding a continuous offering pursuant to Rule 415 under the 1933 Act) or (ii) issuance\u2587 \u2587\u2587 \u2587\u2587\u2587urities as consideration for a merger, consolidation or purchase of assets, or in connection with any strategic partnership or joint venture (the primary purpose of which is not to raise equity capital), or in connection with the disposition or acquisition of a business, product or license by the Company. The Capital Raising Limitations also shall not apply to the issuance of securities upon exercise or conversion of the Company's options, warrants or other convertible securities outstanding as of the date hereof or to the grant of additional options or warrants, or the issuance of additional securities, under any Company stock option or restricted stock plan approved by the shareholders of the Company.", "hash": "7b53c6751c866b59a5c93b4fd6b18b3b", "id": 3}, {"snippet_links": [{"key": "private-offering", "type": "clause", "offset": [7, 23]}, {"key": "equity-securities", "type": "definition", "offset": [40, 57]}, {"key": "exchange-for-cash", "type": "clause", "offset": [61, 78]}, {"key": "satisfaction-of-debt", "type": "clause", "offset": [86, 106]}, {"key": "number-of", "type": "definition", "offset": [161, 170]}, {"key": "issued-in", "type": "definition", "offset": [186, 195]}, {"key": "necessary-for", "type": "definition", "offset": [216, 229]}, {"key": "to-maintain", "type": "clause", "offset": [239, 250]}, {"key": "ownership-interest", "type": "definition", "offset": [264, 282]}, {"key": "diluted-basis", "type": "definition", "offset": [308, 321]}, {"key": "in-addition-to", "type": "clause", "offset": [337, 351]}, {"key": "purchase-rights", "type": "clause", "offset": [499, 514]}], "samples": [{"hash": "c96aB4BWZDq", "uri": "/contracts/c96aB4BWZDq#future-offerings", "label": "Exclusive Agreement (CareDx, Inc.)", "score": 25.5338802338, "published": true}, {"hash": "JXpNnZuRAD", "uri": "/contracts/JXpNnZuRAD#future-offerings", "label": "Merger Agreement (CareDx, Inc.)", "score": 25.5338802338, "published": true}, {"hash": "av7aF8HbIEm", "uri": "/contracts/av7aF8HbIEm#future-offerings", "label": "Merger Agreement (CareDx, Inc.)", "score": 25.4791240692, "published": true}], "size": 4, "snippet": "In any private offering of ImmuMetrix\u2019s equity securities in exchange for cash (or in satisfaction of debt issued for cash), Stanford may purchase for cash that number of the securities issued in such offering as is necessary for Stanford to maintain its pro rata ownership interest in ImmuMetrix on a Fully-Diluted Basis. This right is in addition to Stanford\u2019s rights under Section 7.12. If both Section 7.12 and this Section 7.13 apply to an offering, the provision granting Stanford the greater purchase rights will govern.", "hash": "cb0f143cf194e7d01713dae4015f2e02", "id": 4}, {"snippet_links": [{"key": "the-closing", "type": "definition", "offset": [32, 43]}, {"key": "of-the-investors", "type": "clause", "offset": [202, 218]}, {"key": "the-representatives", "type": "clause", "offset": [256, 275]}, {"key": "to-the-company", "type": "clause", "offset": [276, 290]}, {"key": "the-company-shall", "type": "clause", "offset": [297, 314]}, {"key": "pay-to", "type": "definition", "offset": [315, 321]}, {"key": "the-compensation", "type": "clause", "offset": [342, 358]}, {"key": "each-case", "type": "definition", "offset": [402, 411]}, {"key": "with-respect-to", "type": "clause", "offset": [417, 432]}], "samples": [{"hash": "7pPSbpJw1Pz", "uri": "/contracts/7pPSbpJw1Pz#future-offerings", "label": "Underwriting Agreement (Lannister Mining Corp.)", "score": 37.3559206023, "published": true}, {"hash": "j1OxLqF2maS", "uri": "/contracts/j1OxLqF2maS#future-offerings", "label": "Underwriting Agreement (Lannister Mining Corp.)", "score": 36.5920600891, "published": true}], "size": 3, "snippet": "If within twelve (12) months of the Closing, the Company completes any financing of equity, equity-linked, convertible or debt or other capital-raising activity with, or receives any proceeds from, any of the investors that were contacted or introduced by the Representatives to the Company, then the Company shall pay to the Representatives the compensation as described in Section 2.3(ii) herein, in each case only with respect to the portion of such financing received from such investors.", "hash": "b3dabfe657083aac71108dd501fab4f9", "id": 6}, {"snippet_links": [{"key": "private-offering", "type": "clause", "offset": [7, 23]}, {"key": "equity-securities", "type": "definition", "offset": [37, 54]}, {"key": "exchange-for-cash", "type": "clause", "offset": [58, 75]}, {"key": "satisfaction-of-debt", "type": "clause", "offset": [83, 103]}, {"key": "issued-in", "type": "definition", "offset": [187, 196]}, {"key": "equal-to", "type": "definition", "offset": [217, 225]}, {"key": "ownership-of", "type": "clause", "offset": [248, 260]}, {"key": "outstanding-shares", "type": "clause", "offset": [270, 288]}, {"key": "prior-to-the-closing", "type": "clause", "offset": [301, 321]}, {"key": "fully-diluted-basis", "type": "definition", "offset": [345, 364]}, {"key": "subject-to-the", "type": "definition", "offset": [393, 407]}, {"key": "same-terms-and-conditions", "type": "clause", "offset": [408, 433]}, {"key": "other-investors", "type": "clause", "offset": [437, 452]}, {"key": "section-76", "type": "clause", "offset": [502, 513]}, {"key": "in-addition-to", "type": "clause", "offset": [536, 550]}, {"key": "section-74", "type": "clause", "offset": [575, 586]}, {"key": "purchase-rights", "type": "clause", "offset": [687, 702]}], "samples": [{"hash": "hL3J3ykJwsz", "uri": "/contracts/hL3J3ykJwsz#future-offerings", "label": "Exclusive Agreement (Annexon, Inc.)", "score": 31.4996585846, "published": true}, {"hash": "aXK4LAQP0N5", "uri": "/contracts/aXK4LAQP0N5#future-offerings", "label": "Exclusive Agreement (Annexon, Inc.)", "score": 30.7111568451, "published": true}], "size": 2, "snippet": "In any private offering of Annexon\u2019s equity securities in exchange for cash (or in satisfaction of debt issued for cash), Stanford may purchase for cash that percentage of the securities issued in such offering as is equal to Stanford\u2019s percentage ownership of Annexon\u2019 outstanding shares immediately prior to the closing of such offering, on a Fully Diluted Basis, and such purchase shall be subject to the same terms and conditions as other investors in such offering (as described in and subject to Section 7.6 below). This right is in addition to Stanford\u2019s rights under Section 7.4. If both Section 7.4 and this 7.5 apply to an offering, the provision granting Stanford the greater purchase rights will govern.", "hash": "c83b3f7fbaebb8be364e1c8a456464b6", "id": 7}, {"snippet_links": [{"key": "right-of-the-company", "type": "clause", "offset": [15, 35]}, {"key": "agreement-for-cause", "type": "clause", "offset": [54, 73]}, {"key": "pursuant-to", "type": "definition", "offset": [74, 85]}, {"key": "closing-of-the-offering", "type": "clause", "offset": [119, 142]}, {"key": "prior-to-the", "type": "clause", "offset": [158, 170]}, {"key": "the-representative", "type": "clause", "offset": [178, 196]}, {"key": "engagement-period", "type": "definition", "offset": [199, 216]}, {"key": "engagement-agreement", "type": "definition", "offset": [236, 256]}, {"key": "a-termination-for-cause", "type": "clause", "offset": [270, 293]}, {"key": "private-financing", "type": "definition", "offset": [428, 445]}, {"key": "in-connection-with", "type": "clause", "offset": [606, 624]}, {"key": "the-company-shall", "type": "clause", "offset": [644, 661]}, {"key": "upon-closing", "type": "clause", "offset": [685, 697]}, {"key": "receipt-of", "type": "clause", "offset": [719, 729]}, {"key": "warrant-compensation", "type": "clause", "offset": [757, 777]}, {"key": "each-case", "type": "definition", "offset": [802, 811]}, {"key": "with-respect-to", "type": "clause", "offset": [817, 832]}, {"key": "to-the-company", "type": "clause", "offset": [916, 930]}], "samples": [{"hash": "cQaO3lc8Fqt", "uri": "/contracts/cQaO3lc8Fqt#future-offerings", "label": "Underwriting Agreement (Capstone Holding Corp.)", "score": 36.1895942688, "published": true}, {"hash": "f0Nhcz3yYKO", "uri": "/contracts/f0Nhcz3yYKO#future-offerings", "label": "Underwriting Agreement (Capstone Holding Corp.)", "score": 36.0992469788, "published": true}], "size": 2, "snippet": "Subject to the right of the Company to terminate this Agreement for cause pursuant to FINRA Rule 5110(g)(5)(B), if the Closing of the Offering does not occur prior to the end of the Representative\u2019s Engagement Period (as defined in the Engagement Agreement) (other than a termination for Cause (as defined in the Engagement Agreement)), then if within twelve (12) months following such time, the Company completes any public or private financing of equity, equity-linked, convertible or debt or other capital-raising activity with, or receives any proceeds from, any investors the Representative contacted in connection with the Offering, then the Company shall pay the Representative upon closing of such financing or receipt of such proceeds the cash and warrant compensation as described herein, in each case only with respect to the portion of such proceeds received from such investors contacted and introduced to the Company.", "hash": "b95b19aa14b1fd871acb88e99ff9cfea", "id": 8}, {"snippet_links": [{"key": "use-best-efforts", "type": "clause", "offset": [15, 31]}, {"key": "software-applications", "type": "definition", "offset": [79, 100]}, {"key": "by-publisher", "type": "clause", "offset": [107, 119]}, {"key": "paid-listings", "type": "definition", "offset": [239, 252]}, {"key": "the-parties", "type": "definition", "offset": [254, 265]}, {"key": "additional-offerings", "type": "clause", "offset": [299, 319]}], "samples": [{"hash": "foQCc5R6q69", "uri": "/contracts/foQCc5R6q69#future-offerings", "label": "Yahoo! 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The parties may amend the SO to include such additional offerings.", "hash": "7920b7bd4c067b061ca4e5e173555d45", "id": 9}, {"snippet_links": [{"key": "subject-to-the", "type": "definition", "offset": [0, 14]}, {"key": "the-company-will", "type": "clause", "offset": [43, 59]}, {"key": "consent-of", "type": "clause", "offset": [91, 101]}, {"key": "a-majority", "type": "definition", "offset": [102, 112]}, {"key": "the-buyers", "type": "definition", "offset": [128, 138]}, {"key": "additional-equity-financing", "type": "clause", "offset": [187, 214]}, {"key": "debt-financing", "type": "definition", "offset": [226, 240]}, {"key": "equity-component", "type": "definition", "offset": [249, 265]}, {"key": "issuance-of-common-stock", "type": "clause", "offset": [289, 313]}, {"key": "issuance-of-convertible-securities", "type": "clause", "offset": [325, 359]}, {"key": "an-indeterminate", "type": "clause", "offset": [386, 402]}, {"key": "number-of-shares-of-common-stock", "type": "clause", "offset": [403, 435]}, {"key": "issuance-of-warrants", "type": "clause", "offset": [447, 467]}, {"key": "during-the-period", "type": "clause", "offset": [468, 485]}, {"key": "beginning-on-the-closing-date", "type": "clause", "offset": [509, 538]}, {"key": "the-registration-statement", "type": "clause", "offset": [594, 620]}, {"key": "the-registration-rights-agreement", "type": "clause", "offset": [636, 669]}, {"key": "days-in", "type": "definition", "offset": [703, 710]}, {"key": "in-addition", "type": "clause", "offset": [751, 762]}, {"key": "period-beginning", "type": "definition", "offset": [931, 947]}, {"key": "the-lock", "type": "clause", "offset": [1009, 1017]}, {"key": "prior-to-the-closing", "type": "clause", "offset": [1116, 1136]}, {"key": "written-notice", "type": "clause", "offset": [1162, 1176]}, {"key": "the-proposed", "type": "clause", "offset": [1188, 1200]}, {"key": "the-terms-and-conditions", "type": "clause", "offset": [1228, 1252]}, {"key": "definitive-documentation", "type": "definition", "offset": [1274, 1298]}, {"key": "entered-into", "type": "clause", "offset": [1305, 1317]}, {"key": "in-connection", "type": "definition", "offset": [1318, 1331]}, {"key": "day-period", "type": "definition", "offset": [1398, 1408]}, {"key": "delivery-of", "type": "clause", "offset": [1419, 1430]}, {"key": "notice-to-purchase", "type": "clause", "offset": [1436, 1454]}, {"key": "pro-rata-share", "type": "clause", "offset": [1459, 1473]}, {"key": "based-on", "type": "definition", "offset": [1475, 1483]}, {"key": "amount-of-debentures", "type": "clause", "offset": [1523, 1543]}], "samples": [{"hash": "6Lq5luDcU4H", "uri": "/contracts/6Lq5luDcU4H#future-offerings", "label": "Securities Purchase Agreement (Vital Living Products Inc)", "score": 18.0, "published": true}, {"hash": "3jMdYxkePyK", "uri": "/contracts/3jMdYxkePyK#future-offerings", "label": "Securities Purchase Agreement (Vital Living Products Inc)", "score": 18.0, "published": true}], "size": 2, "snippet": "Subject to the exceptions described below, the Company will not, without the prior written consent of a majority-in-interest of the Buyers, negotiate or contract with any party to obtain additional equity financing (including debt financing with an equity component) that involves (A) the issuance of Common Stock or (B) the issuance of convertible securities that are convertible into an indeterminate number of shares of Common Stock or (C) the issuance of warrants during the period (the \"LOCK-UP PERIOD\") beginning on the Closing Date and ending one hundred eighty (180) days from the date the Registration Statement (as defined in the Registration Rights Agreement) is declared effective (plus any days in which sales cannot be made thereunder). 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Typically, this clause clarifies whether the customer will automatically receive access to such future offerings, if additional fees or terms will apply, or if the provider has discretion over their availability. By addressing the status of future products or services, this clause helps manage expectations and prevents disputes over entitlement to new offerings that were not available at the time of signing."}, "json": true, "cursor": ""}}