Examples of Series A-3 Investor in a sentence
For the avoidance of doubt, in any event the Series A-3 Investor or its Affiliate transfers all the Equity Securities it held in the Company and assigns such right to appoint the PV Observer to any third party transferee other than its Affiliates, then the Series A-2 Investor shall not have the right to jointly appoint the PV Observer to the Board or subcommittees of the Board (if any).
For the avoidance of doubt, in the event the Series A-3 Investor or its Affiliate transfers all the Equity Securities it held in the Company and assigns such right to appoint the PV Observer to any third party transferee other than its Affiliates, then the Series A-2 Investor shall not have the right to jointly appoint the PV Observer to the Board or subcommittees of the Board (if any).
For those transactions that the Company re-designated the shares purchased from Series A-1 and Series A-2 investors by the Series A-3 Investor to Series A-3 Shares, the Company recorded the excess of the purchase prices over the aggregate fair values of Series A-1 and Series A-2 Shares as deemed dividend to Series A-1 and A-2 investors in accumulated deficit on the dates of the purchases.
Series A-3 Investor and Series A-2 Investor shall jointly have the right to appoint and remove one (1) observer (the “PV Observer”) to the Board (and any subcommittee thereunder (if any)), and Didi shall have the right to appoint and remove one (1) observer (the “Didi Observer”, together with the PV Observer, collectively the “Observers” and each, an “Observer”) to the Board (and any subcommittee thereunder (if any)).
Series A-3 Investor and Series A-2 Investor shall jointly have the right to appoint and remove one (1) observer (the “PV Observer”) to the Board (and any subcommittee thereunder (if any)), and, to the extent none of the Directors is nominated or appointed by Didi, Links Advance shall have the right to appoint and remove one (1) observer (the “Didi Observer”, together with the PV Observer, collectively the “Observers” and each, an “Observer”) to the Board (and any subcommittee thereunder (if any)).
CONVERTIBLE PREFERRED SHARES (CONTINUED)For the above transactions that the Company and Series A-3 Investor purchased shares from the founders, the Company recorded the share-based compensation expenses representing the excess of purchase price paid to the founders over the fair value of the ordinary shares, Series A-1 and Series A-2 Shares on the dates of the respective purchase transactions.