Common use of Terms of Future Financings Clause in Contracts

Terms of Future Financings. So long as the Note is outstanding, upon any issuance by Company of any promissory note which is convertible into Common Stock (“Convertible Debt”) after the six (6) month anniversary of the Closing Date with any term or condition regarding conversion terms or mechanics more favorable to the holder of such Convertible Debt or with a material term in favor of the holder of such Convertible Debt that was not similarly provided to Investor in the Transaction Documents, then Company shall notify Investor of such additional or more favorable term and such term, at Investor’s option, shall become a part of the Transaction Documents for the benefit of Investor. Additionally, if Company fails to notify Investor of any such additional or more favorable term, but Investor becomes aware that Company has granted such a term to any third party, Investor may notify Company of such additional or more favorable term and such term shall become a part of the Transaction Documents retroactive to the date on which such term was granted to the applicable third party pursuant to the issuance of Convertible Debt. The types of conversion terms contained in another Convertible Debt that may be more favorable to the holder of such security include, but are not limited to, terms addressing conversion discounts, conversion lookback periods, and conversion prices.

Terms of Future Financings. So long as any part of the Note Debenture is outstanding, upon any issuance by Company of any promissory note which is convertible into Common Stock (“Convertible Debt”) after the six (6) month anniversary of the Closing Date security with any term or condition regarding conversion terms or mechanics more favorable to the holder of such Convertible Debt security or with a material term in favor of the holder of such Convertible Debt security that was not similarly provided to Investor Lender in the Transaction Documents, then Company shall notify Investor Lender of such additional or more favorable term and such term, at Investor’s option, shall become a part of the Transaction Documents for the benefit of InvestorLender. Additionally, if Company fails to notify Investor of any such additional or more favorable term, but Investor Lender becomes aware that Company has granted such a term to any third party, Investor Lender may notify Company of such additional or more favorable term and such term shall become a part of the Transaction Documents retroactive to the date on which such term was granted to the applicable third party pursuant to the issuance of Convertible Debtparty. The types of conversion terms contained in another Convertible Debt security that may be more favorable to the holder of such security include, but are not limited to, terms addressing conversion discounts, conversion lookback periods, interest rates, original issue discounts, stock sale price, conversion price per share, warrant coverage, warrant exercise price, and anti-dilution/conversion pricesand exercise price resets.

Terms of Future Financings. So long as the Note is outstanding, upon any issuance by Company Borrower of any promissory note which is convertible into Common Stock (“Convertible Debt”) after the six (6) month anniversary of the Closing Date security with any term or condition regarding conversion terms or mechanics more favorable to the holder of such Convertible Debt security or with a material term in favor of the holder of such Convertible Debt security that was not similarly provided to Investor in the Transaction Documents, then Company Borrower shall notify Investor of such additional or more favorable term and such term, at Investor’s option, shall become a part of the Transaction Documents for the benefit of Investor. Additionally, if Company Bxxxxxxx fails to notify Investor of any such additional or more favorable term, but Investor becomes aware that Company Borrower has granted such a term to any third party, Investor may notify Company Borrower of such additional or more favorable term and such term shall become a part of the Transaction Documents retroactive to the date on which such term was granted to the applicable third party pursuant to the issuance of Convertible Debtparty. The types of conversion terms contained in another Convertible Debt security that may be more favorable to the holder of such security include, but are not limited to, terms addressing conversion discounts, conversion lookback periods, interest rates, original issue discounts, stock sale price, conversion price per share, warrant coverage, warrant exercise price, and anti-dilution/conversion pricesand exercise price resets.

Terms of Future Financings. So long as the this Note is outstanding, upon any issuance by Company Borrower of any promissory note which is convertible into Common Stock (“Convertible Debt”) after the six (6) month anniversary of the Closing Date security with any term or condition regarding conversion terms or mechanics more favorable to the holder of such Convertible Debt security or with a material term in favor of the holder of such Convertible Debt security that was not similarly provided to Investor Lender in the Transaction Documentsthis Note, then Company Borrower shall notify Investor Lender of such additional or more favorable term and such term, at InvestorLender’s option, shall become a part of the Transaction Documents for the benefit of InvestorDocuments. Additionally, if Company Borrower fails to notify Investor Lender of any such additional or more favorable term, but Investor Lender becomes aware that Company Borrower has granted such a term to any third party, Investor Lender may notify Company Borrower of such additional or more favorable term and such term shall become a part of the Transaction Documents retroactive to the date on which such term was granted to the applicable third party pursuant to the issuance of Convertible Debtparty. The types of conversion terms contained in another Convertible Debt security that may be more favorable to the holder of such security include, but are not limited to, terms addressing conversion discounts, conversion lookback periods, interest rates, OIDs, stock sale price, conversion price per share, and conversion priceswarrant coverage.

Terms of Future Financings. So long as the Note is outstanding, upon any issuance by Company Borrower of any promissory note which is convertible into Common Stock (“Convertible Debt”) after the six (6) month anniversary of the Closing Date security with any term or condition regarding conversion terms or mechanics more favorable to the holder of such Convertible Debt security or with a material term in favor of the holder of such Convertible Debt security that was not similarly provided to Investor in the Transaction Documents, then Company Borrower shall notify Investor of such additional or more favorable term and such term, at Investor’s option, shall become a part of the Transaction Documents for the benefit of Investor. Additionally, if Company Xxxxxxxx fails to notify Investor of any such additional or more favorable term, but Investor becomes aware that Company Borrower has granted such a term to any third party, Investor may notify Company Borrower of such additional or more favorable term and such term shall become a part of the Transaction Documents retroactive to the date on which such term was granted to the applicable third party pursuant to the issuance of Convertible Debtparty. The types of conversion terms contained in another Convertible Debt security that may be more favorable to the holder of such security include, but are not limited to, terms addressing conversion discounts, conversion lookback periods, interest rates, original issue discounts, stock sale price, conversion price per share, warrant coverage, warrant exercise price, and anti-dilution/conversion pricesand exercise price resets.

Terms of Future Financings. So long as the Note is outstanding, upon any issuance by Company or Mining Sub of any promissory note which is convertible into Common Stock (“Convertible Debt”) after the six (6) month anniversary of the Closing Date security with any term or condition regarding conversion terms or mechanics more favorable to the holder of such Convertible Debt security or with a material term in favor of the holder of such Convertible Debt security that was not similarly provided to Investor in the Transaction Documents, then Company shall notify Investor of such additional or more favorable term and such term, at Investor’s option, shall become a part of the Transaction Documents for the benefit of Investor. Additionally, if Company fails to notify Investor of any such additional or more favorable term, but Investor becomes aware that Company or Mining Sub has granted such a term to any third party, Investor may notify Company of such additional or more favorable term and such term shall become a part of the Transaction Documents retroactive to the date on which such term was granted to the applicable third party pursuant to the issuance of Convertible Debtparty. The types of conversion terms contained in another Convertible Debt security that may be more favorable to the holder of such security include, but are not limited to, terms addressing conversion discounts, conversion lookback periods, interest rates, original issue discounts, stock sale price, conversion price per share, warrant coverage, warrant exercise price, and anti-dilution/conversion pricesand exercise price resets.

Terms of Future Financings. So long as the Note is outstanding, upon any issuance by Company Borrower of any promissory note which is convertible into Common Stock (“Convertible Debt”) after the six (6) month anniversary of the Closing Date security with any term or condition regarding conversion terms or mechanics more favorable to the holder of such Convertible Debt security or with a material term in favor of the holder of such Convertible Debt security that was not similarly provided to Investor in the Transaction Documents, then Company Borrower shall notify Investor of such additional or more favorable term and such term, at Investor’s option, shall become a part of the Transaction Documents for the benefit of Investor. Additionally, if Company Borrower fails to notify Investor of any such additional or more favorable term, but Investor becomes aware that Company Borrower has granted such a term to any third party, Investor may notify Company Borrower of such additional or more favorable term and such term shall become a part of the Transaction Documents retroactive to the date on which such term was granted to the applicable third party pursuant to the issuance of Convertible Debtparty. The types of conversion terms contained in another Convertible Debt security that may be more favorable to the holder of such security include, but are not limited to, terms addressing conversion discounts, conversion lookback periods, interest rates, original issue discounts, stock sale price, conversion price per share, warrant coverage, warrant exercise price, and anti-dilution/conversion pricesand exercise price resets.