Exchanges and Distributions With Respect to Common Stock. If the Company shall exchange for its Common Stock or distribute with respect to its Common Stock other securities issued by it, the Company shall give notice thereof to the Holder, and the Holder shall have the right thereafter to convert the Note for (instead of the original number and type of conversion securities, into which, in fact, this Note would no longer be convertible) the kind and amount of shares of stock and other securities retained or received by a holder of the number of shares of Common Stock into which the Note might have been converted immediately prior to such exchange or distribution, subject to adjustment as provided hereinabove.
Appears in 2 contracts
Sources: Convertible Promissory Note (Immune Response Corp), Convertible Promissory Note (Qubit Holdings LLC)