Liquidation. If it is resolved that the Company is to go into liquidation under Chapter 25 of the Swedish Companies Act, then, whatever the grounds for liquidation, Subscription may not subsequently be requested. The right to request Subscription is extinguished by the resolution to liquidate the Company, regardless of whether the resolution has become legally binding. Written notice of an intended liquidation under Section 8 will be given to all known Holders no later than two months before the date of the shareholders’ meeting held to consider voluntary liquidation of the Company under Chapter 25, section 1 of the Swedish Companies Act. The notice will remind Holders that Subscription may not be requested once the resolution to liquidate the Company has been passed at the meeting. If the Company gives notice of intended liquidation in accordance with above, then, regardless of the provisions of Section 4 concerning the earliest date on which to request Subscription, Holders may request Subscription from the date upon which the notice is given, provided it is possible to carry out Subscription no later than the tenth calendar day before the shareholders’ meeting at which liquidation is to be considered.
Liquidation. If it is resolved that the Company is to go into liquidation under Chapter 25 of the Swedish Companies Act, then, whatever the grounds for liquidation, Conversion may not subsequently be requested. The right to request Conversion is extinguished by the resolution to liquidate the Company, regardless of whether the resolution has become legally binding. However, Holders may then demand immediate payment of the nominal amount of their Convertible plus accrued interest as at the payment day. If the liquidation resolution was passed at a general meeting of shareholders, this right arises as from the day following that meeting, or otherwise as from the day following the day on which the order of either the court or the Swedish Companies Registration Office becomes legally binding. Within one week from that date the Company will notify the Holders under Section 12 of their right to demand immediate payment. Written notice of an intended liquidation under Section 12 will be given to all known Holders no later than two months before the date of the shareholders’ meeting held to consider voluntary liquidation of the Company under Chapter 25, section 1 of the Swedish Companies Act. The notice will remind Holders that Conversion may not be requested once the resolution to liquidate the Company has been passed at the meeting. If the Company gives notice of intended liquidation in accordance with above, then, regardless of the provisions of Section 6 concerning the earliest date on which to request Conversion, Holders may request Conversion from the date upon which the notice is given, provided it is possible to carry out Conversion no later than the tenth calendar day before the shareholders’ meeting at which liquidation is to be considered. If a shareholders’ meeting approves a merger plan under Chapter 23, section 15 of the Swedish Companies Act, whereby the Company is to be merged into another company, Conversion may not be requested after that date. However, for a period of two months from approval Holders may demand immediate payment of the nominal amount of their Convertible plus accrued interest as at the payment day. Within one week from approval the Company will notify the Holders under Section 12 of this right. These provisions do not restrict any statutory right that Holders may have as creditors in a merger. Written notice of the intended merger under Section 12 will be given to all known Holders no later than two months before the date of the shareholders...
Liquidation. If it is resolved that the Company shall enter into liquidation in accordance with Chapter 25 of the Companies Act, for whatever reason, subscription may not take place thereafter. The right to demand subscription shall terminate simultaneously with the resolution to place the Company into liquidation, irrespective of whether such resolution has entered into effect. Not later than 60 calendar days prior to the adoption of a resolution by a general meeting in respect of whether or not the Company should be put into liquidation in accordance with Chapter 25 of the Companies Act, the known warrant holders shall be notified with respect to the planned liquidation in accordance with section 10 below. The notice shall state that subscription may not take place following the adoption of the resolution in respect of liquidation. If the Company gives notice of a intended liquidation pursuant to the above, the warrant holders shall, notwithstanding the provisions of section 4 above in respect of the earliest date for application for subscription, be entitled to apply for subscription commencing on the day on which the notice is given, provided that subscription may be effected not later than the tenth calendar day prior to the general meeting at which the question regarding the Company’s liquidation shall be addressed. Notwithstanding sub-sections A-D above stating that application for subscription may not be made following the approval of a liquidation, merger or partition plan, or after the expiration of a new expiration date in relation to a merger, the right to apply for subscription shall re-apply in circumstances where the liquidation is terminated and the merger and the partition, respectively, is not carried out.