Company: PGEN
Filing Date: 2025-08-19
Form Type: S-3
Source: 0000950103-25-010472
Chunk: 24

Company: PRECIGEN, INC.
Filing Date: 2025-08-19
Form: S-3
Chunk 24
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i) to cure any ambiguity, omission, inconsistency or mistake in
any such agreement or instrument; or (ii) to make any other change that does not adversely affect the rights, preferences, privileges
or voting powers of any holder in any material respect (other than any holder that consents to such change).

Liquidation rights

In the event of any liquidation, winding-up or
dissolution of us, whether voluntary or involuntary, each holder of shares of Preferred Stock will be entitled to receive and to be paid
out of our assets available for distribution to shareholders the Stated Value plus Accumulated Dividends to the date fixed for liquidation,
winding-up or

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dissolution in preference to the holders of, and
before any payment or distribution is made on, any Junior Stock. Neither the sale (for cash, shares of stock, securities or other consideration)
of all or substantially all of our assets or our business (other than in connection with our liquidation, winding-up or dissolution) nor
our merger or consolidation into or with any other person will be deemed to be a liquidation, winding-up or dissolution, voluntary or
involuntary, for these purposes. After the payment to the holders of the shares of Preferred Stock of full preferential amounts described
in this paragraph, the holders of Preferred Stock as such will have no right or claim to any of our remaining assets.

In the event our assets available for distribution
to the holders of shares of Preferred Stock and holders of shares of any Parity Stock, upon any liquidation, winding-up or dissolution
of us, whether voluntary or involuntary, are insufficient to pay in full all amounts to which such holders of Preferred Stock are entitled
under our Articles of Incorporation, no such distribution will be made on account of any shares of Parity Stock upon such liquidation,
dissolution or winding-up unless proportionate distributable amounts are paid on account of the shares of Preferred Stock, equally and
ratably, in proportion to the full distributable amounts for which holders of all Preferred Stock and of any Parity Stock are entitled
upon such liquidation, winding-up or dissolution.

Conversion

A holder of Preferred Stock may convert any or
all of such holder’s shares of Preferred Stock into shares of our Common Stock at a conversion rate of 888.8888 shares of Common
Stock per $1,000 of Stated Value of each share of Preferred Stock being converted (equivalent to