Company: LPSN
Filing Date: 2025-09-15
Form Type: DEFA14A
Source: 0001102993-25-000156
Chunk: 265

Company: LIVEPERSON INC
Filing Date: 2025-09-15
Form: DEFA14A
Chunk 265
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 Section 7(a) had been fully satisfied on the day immediately prior to such Liquidation Event and without regard to any limitations on conversion) (the greater of the applicable amounts referred to in clauses (i) or (ii) herein, the “Liquidation Preference”). Notwithstanding anything herein to the contrary, (a) if the Conversion has not occurred prior to September 12, 2026, then upon the commencement of any voluntary or involuntary case under the United States Bankruptcy Code Title 11, the percentage set forth in clause (i) of the preceding sentence shall increase to 150% of the Stated Value and (b) if the Conversion has occurred, but shares of Series B Preferred Stock remain outstanding by operation of Section 7(b), the percentage set forth in clause (i) of the preceding sentence shall remain 100% of the Stated Value as of the date of the Conversion. (c) No Holder shall (i) be entitled to any payment in respect of its shares of Series B Preferred Stock in the event of any Liquidation Event other than payment of the Liquidation Preference expressly provided for in Section 6(b), or (ii) have any further right or claim to any of the Company’s remaining assets, including any right or claim to participate in the receipt of any payment on Junior Stock in connection therewith. (d) If, in connection with any liquidating distribution pursuant to Section 6(b), the assets of the Company or the proceeds thereof are not sufficient to pay in full the applicable Liquidation Preference payable on the shares of Series B Preferred Stock and the corresponding liquidating distributions payable on the shares of Parity Stock, if any, then such assets, or the proceeds thereof, shall be paid pro rata in accordance with the full respective aggregate liquidating distributions that would be payable on all such shares if all amounts payable thereon were paid in full. (e) Notwithstanding the foregoing provisions of this Section 6, in the event that any shares of Series B Preferred Stock remain outstanding following the Conversion by operation of Section 7(b), such outstanding shares of Series B Preferred Stock shall, in the event of a Fundamental Transaction, be entitled to the value such shares of Series B Preferred Stock would receive if such shares had converted into Conversion Shares immediately prior to the relevant determination date of the Fundamental Transaction and without regard to any limitations on conversion. Section 7. Conversion. 10 (a) Automatic Conversion. Subject to Section 7(b), each share of Series B Preferred Stock shall automatically