Examples of Series D Preferred Shares in a sentence
In addition, no transfer may be made to any person if such transfer would cause the exchange of the Series D Preferred Units for Series D Preferred Shares, as provided herein, to be required to be registered under the Securities Act of 1933, as amended, or any state securities laws.
On 10 June 2016 and 28 February 2018, the Group subscribed 7,443,326 Convertible Series C Preferred Shares (the “Convertible Series C Preferred Shares”) and 2,434,015 Convertible Series D Preferred Shares (the “Convertible Series D Preferred Shares”) of Cloopen, respectively.
The Series D Preferred Shares shall not be entitled to the benefits of any retirement or sinking fund.
The Series D Preferred Shares are not convertible into or exchangeable for any other property or securities of the Company.
The Company has made available and free of any Liens (i) up to 66,432,971 Series D Preferred Shares for issuance and sale under this Agreement and the Co-Investors SPA; (ii) 1,098,765,818 Class A Ordinary Shares representing the Conversion Shares, (iii) 278,264,322 Class A Ordinary Shares reserved for issuance under the Employee Share Option Plan; and (iv) 66,432,971 Series C Preferred Shares reserved for issuance of the Warrants.