Participation Portion
Participation Portion. Means a fraction the numerator of which is the aggregate number of Common Shares issuable upon the conversion of the Series A Shares held by the Investors as of the date of the Pre-Emptive Right Notice, including the Series A Shares issuable upon conversion of the Series A-1 Shares held by the Investors as of the date of the Pre-Emptive Right Notice (without regard to the Exchange Block or Exchange Cap), and the denominator of which is the aggregate number of Common Shares issued and...
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