Common use of Certain Corporate Actions Clause in Contracts

Certain Corporate Actions. If the Stockholders of more than 66 2/3% of the Company's equity securities, including the Series A Preferred Stock and Series B Preferred Stock as if converted, but not including outstanding options and warrants desire to sell all of their shares to a purchaser who wishes to purchase all of the Company's outstanding shares at a price in excess of $3.00 per share, subject to adjustment for stock dividends, stock splits, or similar events, then such Stockholders shall have the right, upon twenty (20) days prior written notice, to require the other Stockholders of the Company to sell, and the purchaser shall purchase, all of their shares on the same terms and conditions.

Appears in 1 contract

Sources: Stockholders' Agreement (Leap Technology Inc / De)

Certain Corporate Actions. If the Stockholders of more than 66 2/3% of the Company's equity securities, including the Series A Preferred Stock and Series B Preferred Stock as if converted, but not including outstanding options and warrants (on a fully diluted basis) desire to sell all of their shares to a purchaser who wishes to purchase all of the Company's outstanding shares at a price in excess of $3.00 per share, subject to adjustment for stock dividends, stock splits, or similar events, then such Stockholders shall have the right, upon twenty (20) days prior written notice, to require the other Stockholders of the Company to sell, and the purchaser shall purchase, all of their shares on the same terms and conditions.

Appears in 1 contract

Sources: Stockholders' Agreement (Seal Holdings Corp)