Upon three (3) days written notice to the Holder (each, a “Repayment Period”), the Company may repay the total outstanding amount under this Note as provided herein. If the Company exercises its right to repay the Note, the Company shall make payment to the Holder of an amount in cash equal to the sum of the then outstanding principal amount and interest of this Note multiplied by 120% (the “ Repayment Amount ”). Holder cannot convert the Note during each Repayment Period unless an Event of Default has occurred hereunder and at least six months and 3 days have elapsed since the Original Issue Date. Upon the occurrence of an Event of Default, which is not cured within the three (3) calendar days as provided in that section, the Holder shall have the right to require the Company to make payment to the Holder of an amount in cash equal to the Mandatory Default Amount.