Examples of 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”).
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.
A = any declared but unpaid dividends for each of the Series Seed Preferred Shares held by the Series Seed Redemption Party.
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”).
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.
The redemption price for each of the Series Seed Preferred Shares held by the Series Seed Redemption Parties (the “Series Seed Redemption Price”) shall be calculated in accordance with the following formula: Series Seed Redemption Price = I* (1+10%*N) + A - M For the purpose of the foregoing formula, the following definitions shall apply, I = Deemed Series Seed Issue Price.
At the Closing, the Company may offer and issue certain Series Seed Preferred Shares and Series A-2 Preferred Shares at Junior Purchase Price, and certain Series D Preferred Shares at Series D Purchase Price, to certain co-investors (“Co-Investors”) disclosed to the Investor.
The issued and outstanding capital shares of the Company as of the date of this Agreement consists of 28,000,000 Company Class A Ordinary Shares, 72,000,000 Company Class B Ordinary Shares, 2,040,816 Company Series Seed Preferred Shares, 7,288,630 Company Series Seed Preferred Shares, 13,974,442 Company Series Pre-A Preferred Shares and 17,247,608 Company Series A Preferred Shares, and there are no other authorized, issued or outstanding equity interests of the Company.
Except for the conversion privileges of the Series Seed Preferred Shares, Series A Preferred Shares, Series B Preferred Shares, Series C Preferred Shares, Class B Ordinary Shares or as provided in this Agreement or other Transaction Documents, there are no options, warrants, conversion privileges or other rights, or agreements with respect to the issuance thereof, presently outstanding to purchase any of the Equity Securities of the Company.
Out of the 15,000,000 designated Series Seed Preferred Shares, 7,936,509 are issued and outstanding.