Common use of Class of Shares Clause in Contracts

Class of Shares. The class and series of the Company’s capital stock for which this Warrant shall be exercisable (the “Class”) shall be Qualified Financing Securities; provided, that if, prior to the consummation of the Qualified Financing, there shall be an Acquisition, IPO or any event described in Article 3.2 below, then “Class” shall be Series C Stock as of immediately prior to the effectiveness of the registration statement filed in connection with the IPO, the closing of the Acquisition or the effective date of such Article 3.2 event (and the record date thereof if the Company shall establish a record date for determining shareholders entitled to participate in such event), as the case may be; and in all cases subject to adjustment from time to time in accordance with the provisions of this Warrant.