Company: SATLW
Filing Date: 2025-03-25
Form Type: 424B3
Source: 0001437749-25-009180
Chunk: 139

Company: Satellogic Inc.
Filing Date: 2025-03-25
Form: 424B3
Chunk 139
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 full in the Memorandum. |

| 6 | Rights Attaching to Class A Shares |

| 6.1 | Each Class A Share confers on the holder: |

| (a) | the right to one (1) vote on any Resolution of Members; |

| (b) | the right to an equal share in any dividend paid by the Company in accordance with the Statute; and |

| (c) | the right to an equal share in the distribution of the surplus assets of the Company. |

| 7 | Rights Attaching to Class B Shares |

| 7.1 | Each Class B Share confers on the holder: |

| (a) | the right to 1.463844005 votes on any Resolution of Members (the "Class B Vote Per Share") with the Class B Vote Per Share being subject to automatic adjustment as provided for in Clause 7.2 below; |

| (b) | the right to an equal share in any dividend paid by the Company in accordance with the Statute; |

| (c) | the right to an equal share in the distribution of the surplus assets of the Company; and |

| (d) | the conversion rights exercisable in accordance with Clause 9 of the Memorandum. |

| 7.2 | Automatic Adjustment to Class B Vote Per Share: |

| (a) | The Class B Vote Per Share provided for in Clause 7.1(a) is subject to automatic adjustment as set forth in this Clause 7.2. |

| (b) | If before the occurrence of a Cessation Event, the Liberty Warrantholder exercises any Liberty Warrants, then the Class B Vote Per Share shall be automatically increased such that the number of votes represented by all Class B Shares is increased by the Class B Vote Ratchet, and the Class B Vote Per Share shall be increased by (i) the Class B Vote Ratchet divided by (ii) the total number of Class B Shares then issued and outstanding. Following the occurrence of a Cessation Event, there shall be no further adjustments to the Class B Votes Per Share. |

| (c) | For the purposes of this Clause 7: |

| (i) | a "Cessation Event" occurs when the Liberty Subscriber and/or its Relevant Affiliates carry out a Transfer, in the aggregate with all prior Transfers of Liberty Subscriber Shares, Liberty Subscriber Warrant Shares and Shares purchased by exercise of the Liberty Advisory Fee Warrants by