After December 16, 2025, (i) if Capital Power determines that fewer than 1,000,000 Series 1 Shares would remain outstanding on December 31, 2025, all remaining Series 1 Shares will be automatically converted into Series 2 Shares on a one-for-one basis effective December 31, 2025 (an “Automatic Conversion”); or (ii) if Capital Power determines that fewer than 1,000,000 Series 2 Shares would remain outstanding after December 31, 2025, no Series 1 Shares will be permitted to be converted into Series 2 Shares effective December 31, 2025. There are currently 5,000,000 Series 1 Shares outstanding.