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01/05/23 3:36 PM

#186919 RE: TheSerb #186918

Charles and Rodney’s before RS preferred shares are not part of this new 51 series A preferred shares.

“Series A Preferred Stock

The first round of stock offered during the seed or early stage round by a portfolio company to the venture investor or fund. This stock is convertible into common stock in certain cases such as an IPO or the sale of the company. “