Extract to table

These "dual-hat" positions create potential conflicts of interest that must be disclosed and managed as described in greater detail in Section VII below

Upon the issuance of any Subsequent Convertible Instruments, the Company is required to provide written notice to each holder of Bridge Notes within a specified period (typically five to ten business days) after the closing of such issuance

The notice must describe the material terms of the Subsequent Convertible Instruments

• Series C: The Series C conversion price, based on the $620,000,000 post-money valuation, must be compared to the Cap Price

The decreased Cap Price would in turn produce a larger anti-dilution adjustment, which would further increase the denominator, and so on — creating a circular reference that must be resolved either iteratively or through a definitional fix in the Bridge Notes (as discussed in Section VI below)

The waterfall analysis — which determines the per-share distribution of merger consideration among common stockholders, preferred stockholders (with their respective liquidation preferences), and convertible instrument holders — must account for the Bridge Notes as either (i) debt claims entitled to the 2