Class L Conversion Share Amount

Class L Conversion Share Amount. A number of Class L Shares equal to the quotient of: (A) the difference between: (1) the quotient of: (x) the aggregate number of Public Shares; divided by (y) seventy percent (70%); minus (2) the aggregate number of Public Shares; minus (3) the aggregate number of Founder Shares issued and outstanding immediately following the consummation of the Public Offering; divided by (B) four (4)