Common use of Preferred Stock Conversion Clause in Contracts

Preferred Stock Conversion. Immediately prior to the Effective Time, all of the shares of the Company Preferred Stock shall be converted into shares of Company Common Stock pursuant to the approval of the Company Stockholders set forth in the Stockholder Written Consent.

Preferred Stock Conversion. Immediately prior to the Effective Time, all each of the shares of the Company Preferred Stock Stock, other than the outstanding share of Company Series A-2.2 Preferred Stock, shall be converted into shares of Company Common Stock pursuant to the approval of the stockholders of the Company Stockholders as set forth in the Stockholder Written ConsentConsent and Article IV Section B.3.b of the Company’s Certificate of Incorporation.

Preferred Stock Conversion. Immediately prior to preceding the Effective Time, all of the shares each of the Company Series A Preferred Stock and Company Series B Preferred Stock shall be converted into shares of Company Common Stock pursuant to the approval in accordance with Article IV, Section 4(ii) of the Company Stockholders set forth in the Stockholder Written ConsentCompany’s Certificate of Incorporation.

Preferred Stock Conversion. Immediately prior to the Effective Time, all of the issued and outstanding shares of the Company Preferred Stock shall be converted into shares of Company Common Stock pursuant to the approval of the Company Stockholders Shareholders as set forth in the Stockholder Shareholder Written ConsentConsent and section 3.1(d) of the Company’s Articles of Incorporation.