Common use of Common Stock Reorganization Clause in Contracts

Common Stock Reorganization. If at any time before any exercise of this Warrant the Company either: (i) subdivides its outstanding shares of Common Stock into a greater number of shares; (ii) combines its outstanding shares of Common Stock into a smaller number of shares; (iii) changes its outstanding shares of Common Stock into the same or a given number of shares of any other class of class of securities; (iv) declares on or in respect of its shares of Common Stock a dividend payable in shares or other securities of the Company; or (v) offers to the holders of shares of Common Stock any rights to subscribe for shares or for other securities of the Company; Then the number of Warrant Shares you receive on the exercise of this Warrant shall be determined by the Company based on the Exercise Price and the same terms and conditions that would have been applied if you had exercised this Warrant on the record date for the any of the transactions set forth above.

Appears in 2 contracts

Sources: Warrant Agreement (Blue Ridge Energy Inc), Warrant Agreement (Blue Ridge Energy Inc)