Common use of Payments to Holders of Common Stock Clause in Contracts

Payments to Holders of Common Stock. In the event of any voluntary or involuntary liquidation, dissolution or winding up of the Corporation or Deemed Liquidation Event, after the payment of all preferential amounts required to be paid to the holders of shares of Series C Preferred Stock, the remaining assets of the Corporation available for distribution to its stockholders shall be distributed among the holders of shares of Common Stock, pro rata based on the number of shares held by each such holder, subject to the terms of other outstanding series of preferred stock of the Corporation, if any, outstanding as of such voluntary or involuntary liquidation, dissolution or winding up of the Corporation or Deemed Liquidation Event.