Examples of Series A1 Shares in a sentence
So long as Sequoia Capital China I, L.P. and its affiliates (“Sequoia”), whether individually or in the aggregate, hold or remain beneficially interested in at least 20% of the total number of Series A Shares and Series A1 Shares (in aggregate and on an as-converted basis), Sequoia shall be entitled to exclusively nominate, appoint, remove and replace one (1) director (the “Sequoia Representative”).
The conversion rate for the Series A1 Shares shall be determined by dividing the Series A1 Issue Price for each of the Series A1 Shares by its conversion price provided that in the event of any share splits, share combinations, share dividends, recapitalisations and similar events, the initial Series A1 Conversion Price shall be adjusted accordingly.
The Company shall append a Schedule II to this Agreement listing the name, address, facsimile number, Series A Shares, Series A-1 Shares and Conversion Shares held by each such additional Investor.
The Covenants in this Article III shall terminate and be of no further effect upon the earlier of (a) the time when no Series A-1 Shares remain outstanding, and (b) the consummation of a Qualified Public Offering.
If a Subsequent Closing takes place pursuant to the Purchase Agreement, the purchasers of additional Series A and Series A-1 Shares at the Subsequent Closing shall, after signing this Agreement and agreeing to be bound by its terms, and performing their obligations under the Purchase Agreement, become Investors as if original parties to this Agreement to the extent they own Series A and Series A-1 Shares (and Common Stock issued on conversion thereof) pursuant to such Subsequent Closing.
The conversion price for each of the Series A1 Shares, subject to adjustments from time to time in the event of any share splits, share combinations, share dividends, recapitalisations and similar events in accordance with the provisions hereof, is referred hereinafter as Series A1 Conversion Price.
If a Second Closing takes place pursuant to the Purchase Agreement, the purchasers of additional Series A-1 Shares and Series A Shares at the Second Closing shall, after signing this Agreement and agreeing to be bound by its terms, and performing their obligations under the Purchase Agreement, become Investors as if original parties to this Agreement to the extent they own Series A-1 Shares and Series A Shares (and Common Stock issued on conversion thereof, as applicable) pursuant to such Second Closing.
A total of 18,000,000 authorized series D preferred shares (the “Series D Shares”, collectively with the Series E Shares, the Series A-1 Shares, the Series A Shares, the Series B Shares and the Series C Shares, the “Preferred Shares”; and collectively with the Common Shares, the “Shares”), of which 10,580,397 are in issue and outstanding.
The initial Series A1 Conversion Price for each of the Series A1 Shares shall be its Series A1 Issue Price.
The Company shall append a Schedule II to this Agreement listing the name, address, facsimile number, Series A-1 Shares and Conversion Shares held by each such additional Investor.