According to the article: Optional change of control/IPO conversion: into common stock at the lesser of (A) fair market value (based on change of control or IP

According to the article: Optional change of control/IPO conversion: into common stock at the lesser of (A) fair market value (based on change of control or IPO), or (B) $5M valuation. I have to agree with Yokum, it is hard to find a better deal than this.