Common use of Termination and Waiver of Rights of First Refusal Clause in Contracts

Termination and Waiver of Rights of First Refusal. The rights of first refusal established by this Section 4 shall not apply to, and shall terminate upon the earlier of (i) the effective date of the registration statement pertaining to the Company's Qualified Offering, (ii) the effective date of the registration statement pertaining to any other public offering of the Company's securities in which all of the Company's outstanding Preferred Stock is converted into Common Stock in accordance with the Company's Articles of Incorporation, or (iii) a

Termination and Waiver of Rights of First Refusal. The rights of first refusal established by this Section 4 shall not apply to, and shall terminate upon the earlier of (i) the effective date of the registration statement pertaining to the Company's Qualified OfferingInitial Offering or a SPAC Transaction, in each case which is listed on a nationally recognized stock exchange or (ii) the effective date closing of a Liquidation Event or a transaction deemed to be a Liquidation Event for purposes of Section 3 of the registration statement pertaining to any other public offering of the Company's securities in which all of the Company's outstanding Preferred Stock is converted into Common Stock in accordance with the Company's Articles of Incorporation, or (iii) aCertificate.

Termination and Waiver of Rights of First Refusal. The rights of first refusal established by this Section 4 shall not apply to, and shall terminate upon the earlier of (i) the effective date of the registration statement pertaining to the Company's Qualified Offering, (ii) the effective date Initial Public Offering of the registration statement pertaining to any other public offering of the Company's securities Company in which all of the Company's outstanding Preferred Stock is converted into Common Stock in accordance with the Company's Articles of Incorporation, or (iii) aStock.

Termination and Waiver of Rights of First Refusal. The rights of first refusal established by this Section 4 5 shall not apply to, and shall terminate upon the earlier of (i) the effective date of the registration statement pertaining to the Company's Qualified Initial Offering, which results in the Preferred Stock being converted to Common Stock, or (ii) the effective date of the registration statement pertaining to any other public offering of the Company's securities in which all of the Company's outstanding Preferred Stock is converted into Common Stock in accordance with the Company's Articles of Incorporation, or (iii) a