Series Seed Preferred Shares definition
Examples of Series Seed Preferred Shares in a sentence
The offer and issue of the Purchased Shares as contemplated by this Agreement and the offer and issue of the Series E Preferred Shares and Series Seed Preferred Shares to the Co-Investors form a series of series E financing (the “Series E Financing”).
At the Closing, the Company may offer and issue certain Series E Preferred Shares and Series Seed Preferred Shares at the applicable Purchase Price to certain other investors (“Co-Investors”).
A = any declared but unpaid dividends for each of the Series Seed Preferred Shares held by the Series Seed Redemption Party.
M = any performance bonus or cash proceeds received from each of the Series Seed Preferred Shares owned due to capital increase, and any other compensation, indemnification or other proceeds (if any) received from the Founder and the Group Companies, which are actually received by the Series Seed Redemption Party, during the period from the Deemed Series Seed Issue Date until the date of receipt of the full amount of the Series Seed Redemption Price.
The Parties hereby acknowledge and agree that the Series Seed Redemption Price calculated under this Section 3.2(i)(b) represents the fair market value of the outstanding Series Seed Preferred Shares which the Series Seed Redemption Party proposes to be redeemed.