Extract to table

No compounding of interest shall apply during the term of the Notes

Upon the Maturity Date, all outstanding principal and accrued but unpaid interest under the Notes shall become immediately due and payable

Upon the closing of a Qualified Financing, all outstanding principal and accrued but unpaid interest under the Notes shall convert into the securities issued in the Qualified Financing at the Conversion Price (as defined below)

The price per share at which the Notes convert upon a Qualified Financing (the "Conversion Price") shall be the lower of: (i) a price per share equal to a twenty percent (20%) discount to the per share price paid by new investors in the Qualified Financing (i

In the event of a Change of Control (as defined in the Notes) occurring prior to the conversion or repayment of the Notes, each holder of a Note shall be entitled to receive, at such holder's election, the greater of: (i) an amount equal to two times (2

The Notes contain a most favored nation ("MFN") provision pursuant to which, if, at any time prior to the conversion or repayment of the Notes, the Company issues any convertible promissory notes, Simple Agreements for Future Equity ("SAFEs"), or other convertible securities (other than compensatory equity awards issued under the Company's equity incentive plans) on terms more favorable to the holders thereof than the terms of the Notes, the holders of the Notes shall have the right to amend the terms of their Notes to incorporate such more favorable terms