Common use of Settlement Rate Clause in Contracts

Settlement Rate. The following table illustrates the settlement rate per Purchase Contract and the value of Class A Common Stock issuable upon settlement on the Mandatory Settlement Date, determined using the “applicable market value” (as defined in the Units Preliminary Prospectus Supplement) shown, subject to adjustment as described in the Units Preliminary Prospectus Supplement: Less than or equal to the Reference Price The Maximum Settlement Rate Less than or equal to $50 Greater than the Reference Price but less than the Threshold Appreciation Price A number of shares of Class A Common Stock equal to $50, divided by the applicable market value $50 Equal to or greater than the Threshold Appreciation Price The Minimum Settlement Rate Greater than or equal to $50