优先清偿权

Liquidation Preference Right

Liquidation Preference. In the event of a voluntary or involuntary liquidation or winding up of the Company, the holders of Preferred Stock will be entitled to receive out of the assets of the Company available for distribution to shareholders $62,500.00 per share plus all accrued and unpaid dividends before any distribution is made to the holders of Common Stock or any other class or series of stock ranking junior to the Preferred Stock as to distribution of assets. After payment of the full amount of the liquidating distribution to which they are entitled, the holders of shares of Preferred Stock will not be entitled to any further participation in any distribution of assets by the Company. The foregoing liquidation rights shall not be operative in the event of (i) any consolidation or merger of the Company with or into any other corporation, (ii) any dissolution, liquidation, winding up or reorganization of the Company immediately followed by reincorporation of a successor corporation or creation of a successor partnership or (iii) a sale or other disposition of all or substantially all of the Company's assets to another corporation or a partnership if, in each case, effective provision is made in the certificate of incorporation of the resulting or surviving corporation or the articles of partnership of the resulting partnership or otherwise, for the protection of the rights of the holders of the Preferred Stock.

优先清偿权。如公司自愿性或非自愿性清算或清盘，则在向普通股持有人或资产分配级别低于优先股的任何其他类别或系列股份持有人进行任何分配前，优先股持有人有权按每股62,500.00美元的标准，获得可供分配给股东的公司资产，以及所有应计未分配股利。在向优先股持有人全额支付其有权得到的全部清算分配额后，优先股持有人将无权进一步参与公司的任何资产分配。如出现下述情况，不得行使上述清偿权：(i)公司与任何其他公司合并或兼并, (ii)公司解散，清算，清盘或重组后立即重新注册成立承继公司或创立承继合伙企业，或(iii) 基于保护优先股持有人权利之目的，将公司的全部或基本全部资产出售或以其他方式处置给另一家公司或合伙企业，前提是在每一情况下，新设公司或留存公司的注册成立证书或新设合伙企业的合伙协议中均就此订立生效条款。