Common use of Dividend Payment Dates Clause in Contracts

Dividend Payment Dates. March 1, June 1, September 1 and December 1 of each year, commencing on, and including, March 1, 2025 and ending on, and including, December 1, 2027. Mandatory Conversion Date: The second business day immediately following the last trading day of the 20 consecutive trading day period beginning on, and including, the 21st scheduled trading day immediately preceding December 1, 2027. Initial Price: Equal to $50, divided by the Maximum Conversion Rate, rounded to the nearest $0.0001, which initially is $20.5499. Threshold Appreciation Price: Equal to $50, divided by the Minimum Conversion Rate, rounded to the nearest $0.0001, which initially is $25.6871 and represents a premium of approximately 25% over the Initial Price. Floor Price: $7.19 (approximately 35% of the Initial Price), subject to adjustment as described in the Preferred Stock Preliminary Prospectus Supplement.

Dividend Payment Dates. March 1, June 1, September 1 and December 1 of each year, commencing on, and including, March June 1, 2025 2024 and ending on, and including, December March 1, 2027. Mandatory Conversion Date: The second business day immediately following the last trading day of the 20 consecutive trading day period beginning on, and including, the 21st scheduled trading day immediately preceding December March 1, 2027. Initial Price: Equal to $501,000, divided by the Maximum Conversion Rate, rounded to the nearest $0.0001, which initially is $20.5499109.4092. Threshold Appreciation Price: Equal to $501,000, divided by the Minimum Conversion Rate, rounded to the nearest $0.0001, which initially is $25.6871 131.2680 and represents a premium of approximately 2520% over the Initial Price. Floor Price: $7.19 38.29 (approximately 35% of the Initial Price), subject to adjustment as described in the Preferred Stock Preliminary Prospectus Supplement.