Conversion of Class A Stock. Prior to the Closing each holder of Class A Stock shall duly and validly converted his shares of Class A Stock to shares of Company Common Stock in accordance with their present terms and immediately prior to the Effective Time, the Company shall not have issued or outstanding any Equity Securities other than Company Common Stock or options, warrants, conversion rights or other rights to Equity Securities other than Options and Warrants existing on the date hereof.
Conversion of Class A Stock. Following the [***]-year anniversary of the issuance of shares of Class A Stock, in the event a Shareholder of shares of Class A Stock desires to exercise its right to convert such shares into shares of Common Stock as set forth in the Articles, then, in addition to complying with any requirements under the Articles, such Shareholder shall deliver a written notice to each of the Initial Shareholders of its intent to so convert by no later than the time such notice is delivered to the Company. Upon delivery of such notice, each of the Initial Shareholders and the Company shall take such actions as may be necessary to give effect to such conversion as promptly as practicable. In addition, the Initial Shareholder receiving such notice shall have the right to convert its shares of Class A Stock into shares of Common Stock upon the same terms and conditions set forth in the notice by issuing a cross-notice to such other Shareholder and the Company.
