Senior Shares

Senior Shares. Any class of share capital or series of preference shares established after the Issue Date by the Board of Directors, the terms of which expressly provide that such class or series will rank senior to the Preference Shares as to dividend rights or rights upon the liquidation, winding-up or dissolution of the Company

Senior Shares. Any shares, other than Registrable Securities, with respect to which the Company, in accordance with Section 12(a), with the prior written consent of the Additional Investors as and to the extent required thereunder, has granted registration rights that are to be treated on a senior basis with Registrable Securities for the purpose of the exercise of any underwriter cutback permitted pursuant to Section 2