Common use of Mandatorily Convertible Preferred Stock Clause in Contracts

Mandatorily Convertible Preferred Stock. The number of shares constituting such series shall be 21,000 and are referred to as the “Series E-2 Convertible Preferred.” The liquidation preference of the Series E-2 Convertible Preferred shall be $10,000.00 per share (the “Liquidation Preference”).

Mandatorily Convertible Preferred Stock. The number of shares constituting such series shall be 21,000 4,500 and are referred to as the “Series E-2 E-1 Convertible Preferred.” The liquidation preference of the Series E-2 E-1 Convertible Preferred shall be $10,000.00 per share (the “Liquidation Preference”).