Examples of Series A-2 Preferred Shares in a sentence
As noted above, the Company understands that contemporaneous with the Company’s subscription of the Convertible Note, Xxxxxxx entered into a securities subscription agreement with certain other investors, including entities affiliated with Tencent and XX.xxx (both being the substantial shareholders of the Company), pursuant to which Xxxxxxx agreed to issue, and the investors agreed to subscribe for and/or have the option to subscribe for, the Series A-1 and Series A-2 Preferred Shares.
Yusheng is not expected to become an associate of either Tencent or XX.xxx following these subscriptions of the Series A-1 and Series A-2 Preferred Shares or the conversion of such shares.
The Company understands that contemporaneous with the Company’s execution of the Convertible Note Purchase Agreement, the Business Cooperation Agreement and the Framework Agreement, Yusheng entered into the Securities Subscription Agreement with certain other investors, including entities affiliated with Tencent and XX.xxx, pursuant to which Xxxxxxx has agreed to issue, and the investors have agreed to subscribe for and/or have the option to subscribe for the Series A-1 and Series A-2 Preferred Shares.
The Holder has acquired or is acquiring Series A-2 Preferred Shares in the capital of the Corporation (the “Shares”) in accordance with the Section of the Agreement as indicated below and will be a “Shareholder” for all purposes of the Agreement.
Series A-2 Preferred Shares 178,814,840 3.55 % Series B-1 Preferred Shares 63,468,940 1.26 % Series B-3 Preferred Shares 126,937,860 2.52 % Series C-2 Preferred Shares 23,029,240 0.46 % Lightspeed China Partners II, LP.