Common use of Purchase of Additional Notes Clause in Contracts

Purchase of Additional Notes. Solely with respect to the Buyers so indicated on the signature page hereto, upon effectiveness of a registration statement in accordance with the Registration Rights Agreement, such Buyers hereby waive the following Equity Conditions set forth in the SPA and by execution of this Agreement such Buyers subscribe for such Additional Notes in the amount set forth opposite their name so indicated on the signature page hereto, subject to compliance with the remaining Equity Conditions: (a) The Buyers waive compliance with the Volume Failure and Price Failure requirements of the Equity Conditions; (b) The Buyers waive compliance subsection (xii) of the Equity Conditions solely with respect to any Events of Default described in Section 3 above. For an avoidance of doubt, such waivers of the Equity Conditions within this Section 7 only apply to the amounts set forth opposite their name so indicated on the signature page hereto and not for any other amount of Additional Notes.

Appears in 2 contracts

Sources: Waiver and Amendment Agreement (TruGolf Holdings, Inc.), Waiver and Amendment Agreement (TruGolf Holdings, Inc.)