Extract to table

Rather, each holder must elect — at the time of a Deemed Liquidation Event — to receive either the liquidation preference or the as-converted amount, whichever is greater

A&R Certificate of Incorporation: Article IV, Section 6 of the A&R Certificate provides that the consent of the holders of a majority of the then-outstanding shares of Series Seed Preferred Stock, voting as a separate class, shall be required for any of the following actions: (a) Senior or Parity Securities

Major Investors who wish to exercise their pro rata right must provide written notice to the Company within 15 business days of receiving the Company's notice of a proposed issuance

Any transferee receiving shares in a permitted transfer must agree to be bound by the terms of the ROFR/Co-Sale Agreement as a condition of receiving such shares

If the Company grants any other investor in this financing round more favorable terms — whether through a side letter, amendment to the SPA or ancillary documents, or otherwise — Cobalt shall have the right to receive the benefit of such more favorable terms

Cobalt must provide written notice to the Company within 30 days of becoming aware of such more favorable terms