Company: PGEN
Filing Date: 2025-08-19
Form Type: S-3
Source: 0000950103-25-010472
Chunk: 23

Company: PRECIGEN, INC.
Filing Date: 2025-08-19
Form: S-3
Chunk 23
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 will rank (x) senior to the Preferred Stock as to dividend rights or rights
upon the liquidation, winding-up or dissolution of us or (y) on a parity with the Preferred Stock as to dividend rights and rights upon
the liquidation, winding-up or dissolution of us (“Parity Stock”); (ii) any amendment, alteration or repeal of any provision
of our Articles of Incorporation so as to materially and adversely affect the rights, preferences, privileges or voting powers of the
Preferred Stock; or (iii) any consummation of a binding share exchange or reclassification involving the Preferred Stock, or of a
merger or consolidation of us with or into another person, unless, in each case: (x) the shares of Preferred Stock remain outstanding
and are not amended in any respect (except to the extent required pursuant to the terms of our Articles of Incorporation) or (y) in the
case of any such merger or consolidation with respect to which we are not the surviving or resulting entity, the shares of Preferred Stock
are converted into or exchanged for preference securities of the surviving or resulting entity or its ultimate parent, and such preference
securities have such rights, preferences, privileges and voting powers, taken as a whole, that are not materially less favorable to the
holders thereof than the rights, preferences, privileges and voting powers of the Preferred Stock immediately prior to such consummation,
taken as a whole. Any increase in the amount of our authorized Preferred Stock or the creation or issuance of any shares of (A) Parity
Stock or (B) any class of our Common Stock or any other class of our capital stock or series of preferred stock established after December
30, 2024, the terms of which do not expressly provide that such class or series ranks senior to or on a parity with the Preferred Stock
as to dividend rights or rights upon the liquidation, winding-up or dissolution us (“Junior Stock”), or any increase in the
amount of authorized shares of Parity Stock or Junior Stock, will not be deemed to materially and adversely affect the rights, preferences,
privileges or voting powers of holders of shares of Preferred Stock specified herein and will not require the affirmative vote or consent
of holders of the Preferred Stock.

Without the consent of the holders of the Preferred
Stock, we may amend, alter, supplement or repeal any terms of the Preferred Stock by amending or supplementing our Articles of Incorporation
or any stock certificate representing shares of the Preferred Stock: (