Company: PGEN
Filing Date: 2025-08-19
Form Type: S-3
Source: 0000950103-25-010472
Chunk: 22

Company: PRECIGEN, INC.
Filing Date: 2025-08-19
Form: S-3
Chunk 22
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 to which
our Common Stock will be

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converted into cash, securities or other property
or assets, (C) any sale, lease or other transfer in one transaction or a series of transactions of all or substantially all of the consolidated
assets of us and our subsidiaries, taken as a whole, to any person other than one of our subsidiaries, or (D) any sale of assets of us
or our subsidiaries in any single or numerous transaction(s) together representing more than 35% of the value of our consolidated assets
and those of our subsidiaries, taken as a whole, as determined in good faith by our board of directors (or an authorized committee thereof),
to any person other than one of our subsidiaries; or (iii) our shareholders approve any plan or proposal for our liquidation or dissolution. However,
a transaction or series of transactions that is solely for the purpose of re-domiciling or otherwise changing our jurisdiction of incorporation
or formation will not constitute a “Fundamental Change.”

As used herein, “Permitted Holder”
means (i) Randal J. Kirk, (ii) the spouse and lineal descendants and spouses of lineal descendants of Randal J. Kirk, (iii) the estates
or legal representatives of any person named in clauses (i) or (ii), (iv) trusts established for the benefit of any person named in clauses
(i) or (ii) and (v) any entity solely owned or controlled, directly or indirectly, by one or more of the foregoing.

Voting rights

Holders of the Preferred Stock will not have voting
rights except those described below and as specifically required by the VSCA or by our Articles of Incorporation. So long as any shares
of Preferred Stock are outstanding, in addition to any other vote or consent of shareholders required by law or by our Articles of Incorporation,
the affirmative vote or consent of the holders of at least a majority of the outstanding shares of Preferred Stock, voting as a single
class, given in person or by proxy, either in writing without a meeting or by vote at any meeting called for the purpose, will be necessary
for effecting or validating: (i) any amendment or alteration of our Articles of Incorporation so as to authorize or create, or increase
the authorized amount of, any class or series of our capital stock or series of preferred stock established after December 30, 2024, the
terms of which expressly provide that such class or series