Under this contract entered into between the two parties whose complete details are set forth in the attached contracting form, referred to herein as “the First Party” (the company / debtor / issuer) and “the Second Party” (the bondholder / creditor / investor), collectively referred to as “the Parties”. Under this bond, the First Party (the company / debtor / issuer) undertakes to pay the Second Party (the bondholder / creditor / investor) or to its order a specified amount of money (the principal of the debt) plus the agreed-upon interest on the specified due date, or upon early conversion in accordance with the conditions stated in this bond; this bond grants its holder the right (but not the obligation) to convert all or part of the principal of the debt and the accrued interest into ordinary or preferred shares in the issuing company in accordance with a predetermined conversion ratio and on specified dates (upon the occurrence of a qualified financing round, or on the due date, or at any time at the discretion of the bondholder); this bond aims to provide a flexible financing mechanism for the company without immediate dilution of ownership, while granting the investor the opportunity to participate in the future growth of the company through the conversion of debt into shares, and organizing the relationship between the two parties with the highest degree of transparency and defining the rights of the bondholder in the event of default, liquidation, sale of the company, or any significant adverse change, and the two parties have agreed as follows:

1- The following words and phrases - wherever they appear in this bond - shall have the meanings specified next to each of them, unless the context of the text indicates another meaning:

2- The Bond: A convertible debt instrument into shares, with all its provisions, and its preamble is considered an integral part of it. It is a negotiable or non-negotiable debt instrument according to the agreement issued by the company for the benefit of the bondholder.

3- The Company (Debtor / Issuer): The first party, which is the issuing company of this bond, and is detailed in Annex (1), including its registration details, its articles of incorporation, its capital, and its shareholders.

4- The Bondholder (Creditor / Investor): The second party, who is the natural or legal person providing the loan amount under this bond and has the right to convert the debt into shares, as specified in Annex (2).

5- Principal Debt: The original loan amount that the company is obligated to repay to the bondholder, as specified in Article (2).

6- Interest: The agreed annual percentage that is due on the principal debt from the date of issuance until the date of repayment or conversion, as specified in Article (3).

7- Date of Issuance: The date on which this bond was issued and signed by the company, as specified in Article (2).