Common use of Put Provision Clause in Contracts

Put Provision. Without prejudice to any other provisions of this Warrant, (i) beginning on July 1, 2025, or (ii) upon the consummation of a Change in Control, or, in each case, at any time during the six (6) months immediately thereafter, Holder may, at its sole option, require (such right, the “Put Right”) the Company to purchase all or a portion of this Warrant from the Holder for a purchase price equal to $6.90 (subject to appropriate adjustment for any stock split, stock dividend, stock combination, reverse stock split or similar event) per share of Common Stock issuable upon exercise of this Warrant or the applicable portion thereof (the “Put Price”) by delivering of a written notice to the Company (the “Put Notice”). The Put Price shall be due and payable in cash within sixty (60) calendar days after the Company’s receipt of the Put Notice. 2. Each Party hereby represents and warrants to the other Parties that: (i) it has the full right, power, and authority to enter into this Amendment Agreement and to perform its obligations hereunder and under the Lender Warrants as amended by this Amendment Agreement; (ii) the execution of this Amendment Agreement by the individual whose signature is set forth at the end of this Amendment Agreement on behalf of such Party, and the delivery of this Amendment Agreement by such Party, have been duly authorized by all necessary action on the part of such Party; and (iii) this Amendment Agreement has been executed and delivered by such Party and (assuming due authorization, execution, and delivery by the other Party hereto) constitutes the legal, valid, and binding obligation of such Party, enforceable against such Party in accordance with its terms, except as may be limited by any applicable bankruptcy, insolvency, reorganization, moratorium, or similar laws and equitable principles related to or affecting creditors' rights generally or the effect of general principles of equity. 3. Except as expressly provided in this Amendment Agreement, all of the terms and provisions of each Lender Warrant are and will remain in full force and effect and are hereby ratified and confirmed by the Parties in all respects. Except as explicitly set forth herein, the amendments contained herein will not be construed as an amendment to or waiver of any other provision of any Lender Warrant (or of any other agreement or document relating to the subject matter hereof), or as a waiver of or consent to any further or future action on the part of either Party that would require the waiver or consent of the other Party.