Common use of IPO Adjustment Clause in Contracts

IPO Adjustment. (a) If the Company completes an IPO within 12 months after the Closing and the public offering price per Ordinary Share (prior to customary underwriters’ commissions and expenses, the “Per Share Offering Price”) in the IPO is less than the result of (A) 130% of the Series C Conversion Price effective immediately prior to the completion of the IPO, minus (B) all dividends that have been declared on a Series C Preferred Share prior to the completion of the IPO (the “Declared Dividends”), then, at the option of the Company,

IPO Adjustment. (a) If the Company completes an IPO anIPO within 12 months after the Closing and the public offering price per Ordinary Share (prior to customary underwriters’ commissions and expenses, the “Per Share Offering Price”) in the IPO is less than the result of (A) 130% of the Series C D Conversion Price effective immediately prior to the completion of the IPO, minus (B) all dividends that have been declared on a Series C D Preferred Share prior to the completion of the IPO (the “Declared Dividends”), then, at the option of the Company,

IPO Adjustment. (a) If the Company completes an IPO within 12 months after the Closing and the public offering price per Ordinary Share (prior to customary underwriters’ commissions and expenses, the “Per Share Offering Price”) in the IPO is less than the result of (A) 130% of the Series C E Conversion Price effective immediately prior to the completion of the IPO, minus (B) all dividends that have been declared and paid on a Series C E Preferred Share prior to the completion of the IPO (the “Declared Dividends”), then, at the option of the Company,

IPO Adjustment. (a) If the Company completes an IPO within 12 months after the Closing and the public offering price per Ordinary Share (prior to customary underwriters’ commissions and expenses, the “Per Share Offering Price”) in the IPO is less than the result of (A) 130% of the Series C B Conversion Price effective immediately prior to the completion of the IPO, minus (B) all dividends that have been declared on a Series C B Preferred Share prior to the completion of the IPO (the “Declared Dividends”), then, at the option of the Company,

IPO Adjustment. (a) If the Company completes an IPO within 12 months after the Closing and the public offering price per Ordinary Share (prior to customary underwriters’ commissions and expenses, the “Per Share Offering Price”) in the IPO is less than the result of (A) 130% of the Series C D Conversion Price effective immediately prior to the completion of the IPO, minus (B) all dividends that have been declared on a Series C D Preferred Share prior to the completion of the IPO (the “Declared Dividends”), then, at the option of the Company,