Conversion Rates. The conversion rate in effect at any time for conversion of the Series A Preferred (the "Series A Conversion Rate") shall be the quotient obtained by dividing the Series A Original Issue Price by the "Series A Conversion Price," calculated as provided in Section 4(c). The 5. conversion rate in effect at any time for conversion of the Series B Preferred (the "Series B Conversion Rate") shall be the quotient obtained by dividing the Series B Original Issue Price by the "Series B Conversion Price," calculated as provided in Section 4(c). The conversion rate in effect at any time for conversion of the Series B-1 Preferred (the "Series B-1 Conversion Rate") shall be the quotient obtained by dividing the Series B Original Issue Price by the "Series B-1 Conversion Price," calculated as provided in Section 4(c).
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Sources: Series B Preferred Stock Purchase Agreement (Cytel Corp/De)
Conversion Rates. The conversion rate in effect at any time for conversion of the Series A Preferred (the "Series A Conversion Rate") shall be the quotient obtained by dividing the Series A Original Issue Price by the "Series A Conversion Price," calculated as provided in Section 4(c). The
5. The conversion rate in effect at any time for conversion of the Series B Preferred (the "Series B Conversion Rate") shall be the quotient obtained by dividing the Series B Original Issue Price by the "Series B Conversion Price," calculated as provided in Section 4(c). The conversion rate in effect at any time for conversion of the Series B-1 Preferred (the "Series B-1 Conversion Rate") shall be the quotient obtained by dividing the Series B Original Issue Price by the "Series B-1 Conversion Price," calculated as provided in Section 4(c).
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Sources: Series B 1 Preferred Stock Purchase Agreement (Cytel Corp/De)