Common use of Convertible Preferred Stock Clause in Contracts

Convertible Preferred Stock. Each share of Vsource Series 1-A Convertible Preferred Stock (the “Vsource Series 1-A Preferred”) issued and outstanding immediately prior to the Effective Time (other than shares to be cancelled pursuant to Section 1.6(e)) will be canceled and extinguished and automatically converted (subject to Sections 1.6(h) and 1.6(i)) into the right to receive 1.172 (the “Series 1-A Exchange Ratio”) shares of TEAM Common Stock upon surrender of the certificate representing such share of Vsource preferred stock in the manner provided in Section 1.7.

Convertible Preferred Stock. Each share of Vsource Series 12-A Convertible Preferred Stock (the “Vsource Series 12-A Preferred”) issued and outstanding immediately prior to the Effective Time (other than shares to be cancelled canceled pursuant to Section 1.6(e)) will be canceled and extinguished and automatically converted (subject to Sections 1.6(h) and 1.6(i)) into the right to receive 1.172 1.398 (the “Series 12-A Exchange Ratio”) shares of TEAM Common Stock upon surrender of the certificate representing such share of Vsource preferred stock in the manner provided in Section 1.7.

Convertible Preferred Stock. Each share of Vsource Series 14-A Convertible Preferred Stock (the “Vsource Series 14-A Preferred”) issued and outstanding immediately prior to the Effective Time (other than shares to be cancelled canceled pursuant to Section 1.6(e)) will be canceled and extinguished and automatically converted (subject to Sections 1.6(h) and 1.6(i)) into the right to receive 1.172 3,100 (the “Series 14-A Exchange Ratio”) shares of TEAM Common Stock upon surrender of the certificate representing such share of Vsource preferred stock in the manner provided in Section 1.7.