7.17 Share purchase agreement. Each lender understands and accepts that the conversion of debt securities into conversion shares is the execution of certain agreements by the lender in the form agreed by the investors at the next equity financing, or the unqualified financing, if any, with respect to the purchase and sale of those securities, as well as the registration, co-sale , the rights of the preliminary decision, the rights of the first offer and the voting rights, if any, in relation to these securities. 3.1 Closing. The first financial statements (the “initial closing”) of the purchase of the bonds in return for the consideration paid by each lender are made remotely by exchanging documents and signatures at 10 a.m. .m. local hours on 2018 or at any other time and place by the company and lenders who acquire a majority of the principal amount of bonds for sale. , orally or in writing. At the first closure, each lender provides the consideration to the entity and the company provides each lender with one or more obligations executed in return for the corresponding consideration made available to the entity. 7.2 Applicable legislation.
This agreement and notes are governed by Delaware state laws and are interpreted in accordance with Delaware state laws, which apply to agreements between Delaware residents that are fully concluded and executed within the State of Delaware. (k) “Next Equity Financing”, the next sale (or series of related sales) by the Company after the date of this agreement, of which the Company receives gross proceeds of at least USD 3,000,000 (excluding the total amount of bonds converted into shares at the time of the conversion (i) of the debt securities covered in Section 2.2 and (ii) of all other bonds in pending as of the date of that agreement). 7.15 MFN right. The Company accepts that, until the date (a) of the closing of “Next Equity Financing” or (b) immediately prior to the closing of the initial public offering or business transaction, when the company offers more favourable investment terms to another investor, the same conditions are automatically considered retroactive for all investments made by lenders in the company. , whether it`s mentions or some other way. The company undertakes to notify lenders immediately when it proposes to obtain from another investor terms that are more favourable to the lender than those set out in the notes and this agreement.