Friday, December 09, 2022 3:38:54 PM
Super Majority Voting Rights. The record holders of the Series A Preferred Shares shall have the right to
vote on any matter with holders of common stock voting together as one (1) class. The record holders of
the Series A Preferred Shares shall have that number of votes (identical in every other respect to the voting
rights of the holders of other series of voting preferred shares and the holders of common stock entitled to
vote at any regular or special meeting of the shareholders) equal to that number of common shares which
is not less than 51% of the vote required to approve any action, which Delaware law provides may or must
be approved by vote or consent of the holders of other series of voting preferred shares and the holders of
common shares or the holders of other securities entitled to vote, if any. For purposes of determining the
number of votes, each one (1) share of the Series A Preferred shall have voting rights equal to (x) 0.019607
multiplied by the total issued and outstanding common stock eligible to vote at the time of the respective
vote (the “Numerator”), divided by (y) 0.49, minus (z) the Numerator.
Hint: I did read them. And did the calculations. What did you come up with?
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