Common use of Conversion of Class A Common Stock; Effect of Conversion Clause in Contracts

Conversion of Class A Common Stock; Effect of Conversion. 10.1.1 Each holder of Class A Common Stock may, at any time, by providing written notice to that effect to the Corporation, elect to convert each share of Class A Common Stock into a share of Class B Common Stock upon a ratio of one share of Class B Common Stock for one share of Class A Common Stock. 10.1.2 Effective immediately prior to the Trigger Time, each share of Class A Common Stock then outstanding shall automatically convert into one share of Class B Common Stock without any further action, deed or notice. 10.1.3 From and after the Trigger Time, all rights of the holders of Class A Common Stock as such hereunder and under the DGCL shall cease and be of no further force or effect, except that the rights of the holders of the Class A Common Stock under Section 8.2 hereof shall continue as rights of such holders in respect of the shares of Class B Common Stock into which such holder’s shares of Class A Common Stock were converted pursuant to this Section 10.1.