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

Company: PRECIGEN, INC.
Filing Date: 2025-08-19
Form: S-3
Chunk 19
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 payable in arrears on January 15 of each year, commencing on January 15, 2026, to
the holders of record of Preferred Stock as they appear on our stock register at the close of business on the January 1 immediately preceding
each January 15.

Accumulations of dividends on shares of Preferred
Stock for any past dividend periods (including the Accumulated PIK Dividend Amount) may be declared and paid at any time to holders of
record of Preferred Stock not more than 40 nor less than 20 calendar days immediately preceding any January 15 and will not bear interest.
We will provide not less than 20 calendar days’ notice prior to the date of any such payment.

No dividend will be declared or paid upon, or
any sum set apart for the payment of dividends upon, any outstanding share of the Preferred Stock with respect to any dividend period
unless all dividends for all preceding dividend periods (other than dividend periods preceding a PIK Dividend Payment Date) have been
declared and paid, or declared and a sufficient sum has been set apart for the payment of such dividend, upon all outstanding shares of
Preferred Stock.

Except as described in the two immediately succeeding
paragraphs, no cash dividends or other distributions may be declared, made or paid, or set apart for payment upon, any Parity Stock or
Junior Stock at any time after the last PIK Dividend Payment Date unless all Accumulated Dividends will have been or contemporaneously
are declared and paid, or are declared and a sum sufficient for the payment thereof is set apart for such payment, on the Preferred Stock
and any Parity Stock for all dividend payment periods ending on or prior to the date of such declaration, payment, redemption, purchase
or acquisition.

Notwithstanding the immediately preceding paragraph,
if full dividends have not been paid on the Preferred Stock and any Parity Stock, dividends may be declared and paid on the Preferred
Stock and such Parity Stock so long as the dividends are declared and paid pro rata so that the amounts of dividends declared per share
on the Preferred Stock and such Parity Stock will in all cases bear to each other the same ratio that accumulated and unpaid

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dividends per share on the shares of Preferred Stock
(excluding, for the avoidance of doubt, accumulated dividends for which the Stated Value has been increased on a PIK Dividend Payment
Date as described above) and such Parity Stock bear to each