Common use of Class of Shares Clause in Contracts

Class of Shares. The class and series of the Company’s capital stock (the “Class”) for which this Warrant shall be exercisable shall initially be Common Stock; provided, that if a Qualified Financing shall occur prior to the consummation of the IPO and (a) the Qualified Financing Price is less than or equal to the then-effective Warrant Price, then the “Class” shall be Qualified Financing Securities from and after the consummation of such Qualified Financing, or (b) the Qualified Financing Price is greater than the then-effective Warrant Price, then the “Class” shall be Series C Stock from and after the consummation of such Qualified Financing.