Company: SATLW
Filing Date: 2025-02-14
Form Type: F-4
Source: 0001437749-25-004040
Chunk: 145

Company: Satellogic Inc.
Filing Date: 2025-02-14
Form: F-4
Chunk 145
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 Share concerned, in which case any conversion of such Class B Share shall take effect concurrent with the transfer of the Class B Share. |

| 9.2 | Each Class B Share shall automatically, without any further action on the part of the Company, any Class B Holder or any other party (other than registration pursuant to sub-Clause 9.4), convert into one (1) Class A Share: |

| (a) | upon the expiry of the period of five years from the Listing Date; |

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| (b) | where the Class B Holder transfers the Class B Share to a person other than a Permitted Class B Transferee; and |

| (c) | where the Class B Share concerned is transferred to a Permitted Class B Transferee and the Permitted Class B Transferee ceases to be: |

| (i) | an entity that has no members or other equity holders except the Original Class B Holder and/or persons acting on behalf of the Original Class B Holder; |

| (ii) | a Wholly-Owned Subsidiary of an entity of the kind referred to in sub-Clause (c)(i) immediately above; or |

| (iii) | a trust for the exclusive benefit of, or that is controlled by, the Original Class B Holder; or |

| (iv) | an Affiliate of the Original Class B Holder. |

| 9.3 | The Directors may, from time to time, establish such policies and procedures relating to the general administration of the Register of Members as they may deem necessary or advisable, and may request that Class B Holders furnish affidavits or other proof to the Company as they deem necessary to verify the ownership of Class B Shares. |

| 9.4 | In the event of a conversion of Class B Shares to Class A Shares pursuant to this Clause 9, such conversion shall take effect: |

| (a) | in the event of a voluntary conversion pursuant to sub-Clause 9.1, at the time that the conversion is recorded in the Register of Members following written notice of the conversion having been provided to the Company; and |

| (b) | in the event of an automatic conversion of all Class B Shares pursuant to sub-Clause 9.2 at the time that the Company registers the conversion in the Register of Members. |

| 10 | Registered Shares Only |

Shares may only be issued as registered shares and the Company is not authorised to issue bearer