Company: LPSN
Filing Date: 2025-09-15
Form Type: DEFA14A
Source: 0001102993-25-000156
Chunk: 266

Company: LIVEPERSON INC
Filing Date: 2025-09-15
Form: DEFA14A
Chunk 266
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, and without any further action on the part of the Holder thereof, convert into 874.452714 shares of Common Stock (as it may be adjusted in accordance with Section 10, the “Conversion Ratio”) immediately following the satisfaction of all of the following conditions: (i) the approval of an amendment to the Fourth Amended and Restated Certificate of Incorporation of the Company (the “Amended Charter”) by the requisite holders of Common Stock of the Company (the “Shareholder Approval”) which shall increase the total authorized shares of Common Stock from 200,000,000 shares to a number such that the Company has sufficient authorized but unissued shares of Common Stock to allow all of the then-outstanding shares of Series B Preferred Stock to be automatically converted into Common Stock, (ii) the adoption of the Amended Charter by the Board of Directors and (iii) the filing and acceptance of the Amended Charter with and by the Secretary of State of the State of Delaware, which shall be filed within one (1) business day following the date of Shareholder Approval (the “Conversion”). The Company shall within two (2) business days of Shareholder Approval (i) inform each holder of Series B Preferred Stock of the occurrence of the Shareholder Approval and (ii) confirm to each holder of Series B Preferred Stock the effective date of the Conversion. The shares of Common Stock to be issued upon Conversion (the “Conversion Shares”) shall be issued as follows: (a) Series B Preferred Stock that is registered in book-entry form shall be automatically cancelled on the date of Conversion and converted into the corresponding Conversion Shares, which shares shall be issued in book-entry form and without any action on the part of the holders thereof and shall be delivered to the holders thereof within two (2) business days of the effectiveness of the Conversion; (b) Series B Preferred Stock that is issued in certificated form shall be deemed converted into the corresponding Conversion Shares on the date of Conversion and the holder’s rights as a holder of such shares of Series B Preferred Stock shall cease and terminate on such date, excepting only the right to receive the Conversion Shares within two (2) business Days of the effectiveness of the Conversion. The holder of Series B Preferred Stock shall surrender any stock certificate to the Company for cancellation within three (3) business days of the date the Conversion. Notwithstanding the cancellation of the Series B Preferred Stock upon Conversion, holders of Series B Preferred Stock shall continue to have any remedies provided herein or otherwise available at law or in equity