Common use of Total Merger Consideration Clause in Contracts

Total Merger Consideration. The "Total Merger Consideration" shall consist of the number of shares of Chiles Common Stock (rounded to the nearest whole share) as ▇▇ ▇▇▇al to 24% of the sum of (A) the number of shares of Chiles Common Stock outstanding immediately prior to the Suc▇▇▇▇▇▇l IPO (as defined in the Agreement with Respect to Ownership) (but excluding any shares issued in respect of options or rights to purchase membership interests exercised prior to the Successful IPO) and (B) the number of shares of Chiles Common Stock comprising the Total Merger Consideratio▇. ▇▇▇ purposes of example, if holders of Chiles Common Stock owned 8,485,810 shares immediately prior to the sale of shares in the Successful IPO (excluding any shares issued upon the pre-Successful IPO exercise of options or rights), the Total Merger Consideration would be equal to 2,679,723 shares of Chiles Common Stock. Annex A attached hereto sets forth the ▇▇▇▇▇▇ of the Total Merger Consideration and the basis for the calculation thereof.

Total Merger Consideration. The "Total Merger ConsiderationTOTAL MERGER CONSIDERATION" shall consist of the number of shares of Chiles Common Stock (rounded to the nearest whole share) as is equa▇ ▇▇ ▇▇▇al to 244% of the sum of (A) the number of shares of Chiles Common Stock outstanding immediately prior to the SucSuccessful ▇▇▇▇▇▇l IPO ▇ (as defined in the Agreement with Respect to Ownership) (but excluding any shares issued in respect of options or rights to purchase membership interests exercised prior to the Successful IPO) and (B) the number of shares of Chiles Common Stock comprising the Total Merger Consideratio▇Consideration. For ▇▇▇ purposes ▇▇▇▇es of example, if holders of Chiles Common Stock owned 8,485,810 shares immediately prior to the sale ▇▇▇▇ of shares in the Successful IPO (excluding any shares issued upon the pre-Successful IPO exercise of options or rights), the Total Merger Consideration would be equal to 2,679,723 2,679,729 shares of Chiles Common Stock. Annex A attached hereto sets forth the ▇▇▇▇▇▇ of the Total Merger Consideration and the basis for the calculation thereof.