Company: LPSN
Filing Date: 2025-08-11
Form Type: DEFA14A
Source: 0001193125-25-177966
Chunk: 67

Company: LIVEPERSON INC
Filing Date: 2025-08-11
Form: DEFA14A
Chunk 67
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or the issuance date, with respect to the initial dividend) and to, but excluding, the next Regular Dividend payment date.                                                                                                                 
 Regular Dividends shall be payable on March 31, June 30, September 30, and December 31 of each year, commencing on December 31, 2025; provided that if any such payment date is not a business day, then the                                             
 applicable Regular Dividend shall be payable on the Business Day immediately following such Regular Dividend payment date. Regular Dividends will be payable to holders of record at 5:00 p.m. ET on the                                                 
 15th day of the calendar month in which the Regular Dividend payment date occurs. Participating Dividends shall be payable as and when paid to the holders of shares of common stock.                                                                    |
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| Automatic Conversion:  |     | Each share of Series B Preferred Stock will automatically convert into a number of Conversion Shares at a ratio calculated as (i) the Aggregate Equity Amount less the Common Equity Shares to (ii) the total number of shares of                        
 Series B Preferred Stock (such ratio, the “Conversion Ratio”, subject to proportional adjustment for any splits, combinations, or similar adjustments with respect to the Issuer’s common stock) of the Issuer’s common stock                            
 within one (1) business day following the filing and effectiveness of the Charter Amendment with the Secretary of State of the State of Delaware. In the event that the Charter Amendment is not approved by the Issuer’s shareholders, the              
 Series B Preferred Stock will remain outstanding. The Parties will                                                                                                                                                                                       |

|                       |     | agree on a mechanic to limit each Noteholder’s beneficial ownership of Common Stock following the automatic conversion to no more than 9.9% of the Issuer’s Common Stock; provided, the Parties agree that such mechanic will                            
 be designed to reduce, to the greatest extent possible, the incentive such Noteholder might otherwise have to continue to hold Series B Preferred Stock after the automatic conversion date.                                                             |
| Redemption:           |     | The Company may elect to redeem the Series B Preferred Stock, in whole or in part, at any time at a price equal to 100% of the Stated Value, plus accrued but unpaid dividends; provided that the Company shall provide the Series B                     
 Preferred Stock holders with notice of redemption not less than 10 trading days and not more than 20 trading days prior to the redemption date