Liquidation Preference

This means that if a Liquidity Event arises (to be detailed in the transaction documentation), the Investor shall be first (or among the first, pro-rata, in case there are more investors in the round) to get the higher of either the amount of our investment or the amount due according to Investor’s ownership percentage in the Company at the time of the Liquidity Event.

Liquidity Event shall include, without limitation, (a) the dissolution, liquidation or winding up of the Company; or (b) a sale, exclusive lease or licensing or other disposition of the Company's business or all or substantially all its assets or of its significant assets; or (c) an initial public offering of the shares of the Company.