Company: LPSN
Filing Date: 2025-09-15
Form Type: DEFA14A
Source: 0001102993-25-000156
Chunk: 268

Company: LIVEPERSON INC
Filing Date: 2025-09-15
Form: DEFA14A
Chunk 268
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 other requirements of this Certificate of Designation applicable to such conversion. If any shares of Common Stock due upon the Conversion is not delivered as a result of the Beneficial Ownership Limitation, then the relevant shares of Series B Preferred Stock shall remain outstanding and the Company’s obligation to deliver such shares of Common Stock will not be extinguished, and the Company will deliver such shares of Common Stock (and the relevant shares of Series B Preferred Stock shall be deemed converted) in accordance with the provisions under Section 7(a), on or as promptly as practicable after the date sixty-one (61) days after the earlier of the applicable Holder giving notice to the Company (A) that after such delivery, the Beneficial Ownership Limitation would not be exceeded or (B) requesting such delivery. A Holder will provide evidence as soon as reasonably practicable after its beneficial ownership is such that additional shares of Common Stock issuable upon conversion of Series B Preferred Stock may be delivered without causing such Holder’s beneficial ownership to exceed the Beneficial Ownership Limitation. (c) Common Stock Issuance. Any shares of Common Stock issued upon conversion of Series B Preferred Stock shall be (i) duly authorized, validly issued and fully paid and nonassessable and (ii) shall rank pari passu with the other shares of Common Stock outstanding from time to time. (d) Mechanics of Conversion. (i) Delivery of Book-Entry Statement Upon Conversion. Not later than three (3) Trading Days after the date of the Conversion, the Company shall deliver, or cause to be delivered, to the converting Holder a book-entry statement evidencing the number of Conversion Shares being acquired upon the conversion. (ii) Fractional Shares. No fractional shares of Common Stock or scrip representing fractional shares of Common Stock shall be issued upon the conversion of the Series B Preferred Stock. In lieu thereof the Company shall, at its option, either round the number of Conversion Shares to be issued to the nearest whole number or pay a cash adjustment in respect of such fractional interest in an amount equal to such fractional interest multiplied by the Average Common Stock Price of the Common Stock on the day on which such shares of Series B Preferred Stock are deemed to have been converted. (e) Transfer Taxes and Expenses. The issuance of certificates or book-entry statements for shares of the Common Stock on conversion of the Series B Preferred Stock shall be made without charge to any Holder for any documentary stamp or similar taxes that may be payable in respect of the issue or delivery of such certificates, provided that the Company