on an as-converted basis.
the proceeds ... price plus declare d but
then pay lx the original
of Series A
Preferr
ed
Stock
. Any remain ing
dividends on each share
proceeds shall be paid to the holders ... share
consummation of an underwritten public offering with
price for the Series B
Preferr
ed
Stock
, and
of 4x the original issue
"Quali fied Public
aggregate gross proceeds in excess