Common use of Company Series B Preferred Stock Clause in Contracts

Company Series B Preferred Stock. Each outstanding share of Company Series B Preferred Stock issued and outstanding immediately prior to the Effective Time (other than Dissenting Shares) will be cancelled and extinguished and will be converted automatically into the right to receive, upon surrender of the certificate representing such shares of Company Series B Preferred Stock in the manner provided in Section 1.8 hereof: (1) the Series B Preference; and (2) the Common Stock Consideration.

Company Series B Preferred Stock. Each outstanding share of Company Series B Preferred Stock issued and outstanding immediately prior to the Effective Time (other than Dissenting Shares) will be cancelled and extinguished and will be converted automatically into the right to receive, upon surrender of the certificate representing such shares of Company Series B Preferred Stock in Stock, an amount of cash equal to the manner provided in Section 1.8 hereof: (1) the Series B Preference; and (2) the Common Stock ConsiderationPer Share Residual Amount.

Company Series B Preferred Stock. Each outstanding share of Company Series B Preferred Stock issued and outstanding immediately prior to the Effective Time (Time, other than Dissenting Shares) will be cancelled and extinguished and will be converted automatically into the right to receive, upon surrender of the certificate representing such shares of Company Series B Preferred Stock to be cancelled pursuant to Section 2.2(b) and any Dissenting Shares, will be cancelled and extinguished and automatically converted into the right to receive, in cash as set forth herein, an amount equal to the manner provided in Section 1.8 hereof: (1) the Per Share Series B Preference; and (2) the Common Stock Merger Consideration.

Company Series B Preferred Stock. Each outstanding share of Company Series B Preferred Stock Stock, par value $0.0001 per share, of the Company (the “Series B Stock”) issued and outstanding immediately prior to the Effective Time (Time, other than any Dissenting Shares and any Cancelled Shares) will , shall be cancelled and extinguished and will shall be converted automatically into the right to receivereceive a payment in cash, upon without interest, as set forth on Schedule 2.1 attached hereto, payable in accordance with the Allocation, to the extent applicable, after surrender of the certificate instruments representing such shares of Company Series B Preferred Stock in the manner provided in Section 1.8 hereof: (1) the Series B Preference; and (2) the Common Stock Consideration.Sections 2.7 and 2.10