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March 24, 2015 18:16
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Liquidity Event
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| “Liquidity Event” means any of: (1) the acquisition of all or substantially all of the assets of the Company by another person ; (2) the acquisition of equity interests of the Company, in one transaction or a series of related transactions, in which the pre-acquisition equity holders of the Company own less than fifty percent (50%) of the outstanding voting power of the Company after such acquisition; and (3) the merger or consolidation of the Company with or into another entity in which the pre-merger or pre-consolidation equity holders of the Company own less than fifty percent (50%) of the outstanding voting power of the surviving entity after such merger or consolidation. |
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