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==Share Classes<ref name=":1" />== Currently, the company has four classes of shares: Series A Shares, Seed Preferred Shares, A Ordinary Shares and Ordinary Shares . The shares that investors will be receiving in this round will depend on how the ASA is triggered. The rights attached to the share classes are as follows: Series A Shares *First 1x liquidation preference, ranking ahead of Seed Preferred Shares, A Ordinary Shares and Ordinary Shares *Anti-dilution rights *Voting rights Seed Preferred Shares *Second 1x non-participating liquidation preference, ranking behind Series A Shares but ahead of - A Ordinary Shares and Ordinary Shares *Anti-dilution rights *Voting rights A Ordinary Shares *Third 1x non-participating liquidation preference, ranking behind Series A Shares and A Ordinary Shares but ahead of Ordinary Shares *Voting rights Ordinary Shares *No liquidation preference *Voting rights Conversion into Ordinary Shares: The Series A Shares, Seed Preferred Shares and A Ordinary Shares can be converted into Ordinary Shares as follows: *For an individual shareholder’s holding, at their request; or *For the entire class of Series A Shares, at the request of the majority of Series A Share holders; and *For the entire class of Seed Preferred Shares and A Ordinary Shares, at the request of the majority of the Seed Preferred Shareholders; and *All of the above will convert into Ordinary Shares on an IPO On conversion above, all affected shareholders shall be paid (where the Company has sufficient profit to be able to do so) a dividend equal to all accrued dividends. Where the company has insufficient profit to pay those dividends in full, then any unpaid balance will be considered a debt of the Company to the relevant shareholders, unless waived by (i) the majority of Series A Share holders in relation to any dividends due to those shareholders and (ii) the majority of the Seed Preferred Shareholders in relation to any dividends due to Seed Preferred Shareholders and A Ordinary Shareholders.
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