Common use of Loss, Theft, Destruction or Mutilation of Note Clause in Contracts

Loss, Theft, Destruction or Mutilation of Note. In the event of the loss, theft, mutilation or destruction of this Note, upon Company’s receipt of an indemnification agreement reasonably satisfactory to the Company and executed in favor of the Company by the Holder, or in the event of a mutilation of this Note, upon Holder’s surrender to Company of the mutilated Note, Company shall execute and deliver to Holder, a new convertible promissory note in the form and content identical to this Note in lieu of the lost, stolen, destroyed or mutilated Note.

Loss, Theft, Destruction or Mutilation of Note. In the event of the loss, theft, mutilation theft or destruction of this Note, upon CompanyMaker’s receipt of an a reasonably satisfactory indemnification agreement reasonably satisfactory to the Company and executed in favor of the Company Makers by the Holderparty who held this Note immediately prior to its loss, theft or destruction, or in the event of a the mutilation of this Note, upon Holder’s surrender to Company Maker of the mutilated Note, Company Maker shall execute and deliver to such party or Holder, as the case may be, a new convertible promissory note in the form and content identical to this Note in lieu of the lost, stolen, destroyed or mutilated Note.