Class C Preferred Stock. Up to a number of shares of Class C Convertible Preferred Stock, nominal value Ps.1.00 per share (the “Class C Preferred Stock” and, together with the Class A Preferred Stock and the Class B Preferred Stock, the “Preferred Stock”) to allow for (i) all holders of Notes who were granted an option to purchase shares of Class C Preferred Stock pursuant to the terms of the Option Agreement and who exercise such option to acquire shares of Class C Preferred Stock and (ii) to the extent such option shall be exercised by such holders in accordance with the Option Agreement, holders of Common Stock (who are not Consenting Noteholders) to exercise their preemptive rights to acquire shares of Class C Preferred Stock, in each case, as provided in the Summary of Proposed Terms of TGLT Offers and Consent Solicitation.
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