Redemption Upon a Change in Control. At any time after the date hereof, in the event of a Change of Control Transaction, in addition to any other rights hereunder, the Holder shall have the right (the “Change in Control Optional Redemption”) to put the then-outstanding principal amount of the Note to the Company (the “Change in Control Put”). The Holder shall notify the Company of its exercise of the Change in Control Put not less than three (3) days prior to such Change in Control Date. Upon the exercise of the Change of Control Put, the Company shall be required to pay to the Holder an amount in cash equal to the then-current Principal Amount.
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Sources: Convertible Security Agreement (Ebix Inc), Convertible Security Agreement (Ebix Inc)