Riverbed Technology (RVBD)

Conversion

All shares of the Series A, B, C, and D Preferred Stock shall be automatically converted into shares of common stock upon the firm commitment of an initial public offering at a per share price of at least $5.00 (subject to appropriate adjustment any stock dividend, stock split, combination, or other similar recapitalization affecting such shares), and resulting in net proceeds to the Company of at least $25,000,000. Each share of Series A and B Preferred Stock is convertible into 2.27 and 2.30 shares of common stock, at the option of the holder. Each share of Series C and D Preferred Stock is convertible at the option of the holder into one share of common stock, adjusted for certain dilutive events, as defined.

Conversion

All shares of the Series A, B, C, and D Preferred Stock shall be automatically converted into shares of common stock upon the firm commitment of an initial public offering at a per share price of at least $5.00 (subject to appropriate adjustment any stock dividend, stock split, combination, or other similar recapitalization affecting such shares), and resulting in net proceeds to the Company of at least $25,000,000. Each share of Series A and B Preferred Stock is convertible into 2.27 and 2.30 shares of common stock, at the option of the holder. Each share of Series C and D Preferred Stock is convertible at the option of the holder into one share of common stock, adjusted for certain dilutive events, as defined.