Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional Common Shares as a dividend or other distribution on outstanding Common Shares, (b) subdivide its outstanding Common Shares, or (c) combine its outstanding Common Shares into a smaller number of Common Shares, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of Common Shares outstanding immediately prior to such event and the denominator of which shall be the number of Common Shares outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 3. The number of Common Shares that the Holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted to a number determined by multiplying the number of Common Shares that would otherwise (but for the provisions of this Section 3) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 3) be in effect, and (b) the denominator is the Purchase Price in effect on the date of such exercise.
Appears in 27 contracts
Sources: Warrant Agreement (Dolphin Entertainment, Inc.), Warrant Agreement (Dolphin Entertainment, Inc.), Warrant Agreement (Spitcaufsky Larry)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 3. The number of shares of Common Shares Stock that the Holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 3) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 3) be in effect, and (b) the denominator is the Purchase Price in effect on the date of such exercise.
Appears in 17 contracts
Sources: Warrant Agreement (mCig, Inc.), Warrant Agreement (mCig, Inc.), Warrant Agreement (Voip Inc)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 34. The number of shares of Common Shares Stock that the Holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1hereof, be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 3) 4 be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 3) 4 be in effect, and (b) the denominator is the Purchase Price in effect on the date of such exercise.
Appears in 15 contracts
Sources: Subscription Agreement (Attitude Drinks Inc.), Subscription Agreement (Attitude Drinks Inc.), Subscription Agreement (Attitude Drinks Inc.)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Exercise Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Exercise Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Exercise Price then in effect. The Purchase Exercise Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 34. The number of shares of Common Shares Stock that the Holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted increased to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 34) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Exercise Price that would otherwise (but for the provisions of this Section 34) be in effect, and (b) the denominator is the Purchase Exercise Price in effect on the date of such exercise.
Appears in 14 contracts
Sources: Warrant Agreement (Adstar Inc), Warrant Agreement (Thomas Equipment, Inc.), Warrant Agreement (Thomas Equipment, Inc.)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Exercise Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Exercise Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Exercise Price then in effect. The Purchase Exercise Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 34. The number of shares of Common Shares Stock that the Holder holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 34) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Exercise Price that would otherwise (but for the provisions of this Section 34) be in effect, and (b) the denominator is the Purchase Exercise Price in effect on the date of such exercise.
Appears in 14 contracts
Sources: Common Stock Purchase Warrant (Continental Fuels, Inc.), Warrant Agreement (Continental Fuels, Inc.), Warrant Agreement (Science Dynamics Corp)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 3. The number of shares of Common Shares Stock that the Holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 3) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 3) be in effect, and (b) the denominator is the Purchase Price in effect on the date of such exercise.
Appears in 14 contracts
Sources: Warrant Agreement (Accelerize Inc.), Promissory Note (Accelerize Inc.), Common Stock Purchase Warrant (Accelerize Inc.)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Exercise Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Exercise Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Exercise Price then in effect. The Purchase Exercise Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 35. The number of shares of Common Shares Stock that the Holder holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted increased to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 35) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Exercise Price that would otherwise (but for the provisions of this Section 35) be in effect, and (b) the denominator is the Purchase Exercise Price in effect on the date of such exercise.
Appears in 13 contracts
Sources: Warrant Agreement (Time America Inc), Warrant Agreement (Time America Inc), Common Stock Purchase Warrant (Time America Inc)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 34. The number of shares of Common Shares Stock that the Holder holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted increased or decreased to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 34) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 34) be in effect, and (b) the denominator is the Purchase Price in effect on the date of such exercise.
Appears in 12 contracts
Sources: Securities Purchase Agreement (Nestor Inc), Securities Purchase Agreement (Nestor Inc), Securities Purchase Agreement (Nestor Inc)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 34. The number of shares of Common Shares Stock that the Holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1hereof, be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 34) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 34) be in effect, and (b) the denominator is the Purchase Price in effect on the date of such exercise.
Appears in 11 contracts
Sources: Subscription Agreement (ADVANCED MEDICAL ISOTOPE Corp), Subscription Agreement (ADVANCED MEDICAL ISOTOPE Corp), Note Purchase Agreement (Options Media Group Holdings, Inc.)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common Shares, Stock or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 34. The number of shares of Common Shares Stock that the Holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 12, be entitled to receive shall be adjusted increased to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 34) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 34) be in effect, and (b) the denominator is the Purchase Price in effect on the date of such exercise.
Appears in 11 contracts
Sources: Warrant Agreement (Capsource Financial Inc), Warrant Agreement (Capsource Financial Inc), Warrant Agreement (Capsource Financial Inc)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common Shares, Stock or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 36. The number of shares of Common Shares Stock that the Holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 13, be entitled to receive shall be adjusted increased to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 36) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 36) be in effect, and (b) the denominator is the Purchase Price in effect on the date of such exercise.
Appears in 9 contracts
Sources: Common Stock Purchase Warrant (Snyder International Brewing Group LLC), Common Stock Purchase Warrant (Snyder International Brewing Group LLC), Restructuring Agreement (Snyder International Brewing Group LLC)
Extraordinary Events Regarding Common Stock. In the event that the ------------------------------------------- Company shall (a) issue additional shares of the Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common Shares, Stock or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 34. The number of shares of Common Shares Stock that the Holder holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted increased to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 34) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 34) be in effect, and (b) the denominator is the Purchase Price in effect on the date of such exercise.
Appears in 7 contracts
Sources: Subscription Agreement (Advanced Aerodynamics & Structures Inc/), Subscription Agreement (Advanced Aerodynamics & Structures Inc/), Subscription Agreement (Advanced Aerodynamics & Structures Inc/)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 34. The number of shares of Common Shares Stock that the Holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1hereof, be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 34) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 34) be in effect, and (b) the denominator is the Purchase Price in effect on the date of such exercise.
Appears in 7 contracts
Sources: Stock Purchase Agreement (Esports Entertainment Group, Inc.), Stock Purchase Agreement (Esports Entertainment Group, Inc.), Securities Exchange Agreement (Activecare, Inc.)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 34. The number of shares of Common Shares Stock that the Holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1hereof, be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 3) 4 be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 34) be in effect, and (b) the denominator is the Purchase Price in effect on the date of such exercise.
Appears in 6 contracts
Sources: Warrant Agreement (Advance Nanotech, Inc.), Warrant Agreement (Advance Nanotech, Inc.), Warrant Agreement (Advance Nanotech, Inc.)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Exercise Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Exercise Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Exercise Price then in effect. The Purchase Exercise Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 34. The number of shares of Common Shares Stock that the Holder holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 34) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Exercise Price that would otherwise (but for the provisions of this Section 34) be in effect, and (b) the denominator is the Purchase Exercise Price in effect on the date of such exerciseexercise (taking into account the provisions of this Section 4).
Appears in 6 contracts
Sources: Securities Purchase Agreement (Standard Management Corp), Warrant Agreement (Biodelivery Sciences International Inc), Common Stock Purchase Warrant (House of Brussels Chocolates Inc)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Exercise Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Exercise Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Exercise Price then in effect. The Purchase Exercise Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 33(d). The number of Common Warrant Shares that the Holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1herein, be entitled to receive shall be adjusted to a number determined by multiplying the number of Common Warrant Shares that would otherwise (but for the provisions of this Section 33(d)) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Exercise Price that would otherwise (but for the provisions of this Section 33(d) be in effect, and (b) the denominator is the Purchase Exercise Price in effect on the date of such exercise.
Appears in 6 contracts
Sources: Common Stock Purchase Warrant (STW Resources Holding Corp.), Common Stock Purchase Warrant (STW Resources Holding Corp.), Common Stock Purchase Warrant (STW Resources Holding Corp.)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 3herein. The number of Common Shares that the Holder of this Warrant Subscriber shall thereafter, on the exercise hereof as provided in Section 1, thereafter be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 3Section) be issuable on such exercise conversion by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 3Section) be in effect, and (b) the denominator is the Purchase Price then in effect on the date of such exerciseeffect.
Appears in 6 contracts
Sources: Subscription Agreement (Paulson Capital (Delaware) Corp.), Subscription Agreement (Paulson Capital (Delaware) Corp.), Subscription Agreement (Paulson Capital (Delaware) Corp.)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide b)subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number fewer shares of the Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 3Subsection 5.4. The number of shares of Common Shares Stock that the Holder holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted increased to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 3Subsection 5.4) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 3Subsection 5.4) be in effect, and (b) the denominator is the Purchase Price in effect on the date of such exercise.
Appears in 5 contracts
Sources: Warrant Agreement (Northeast Optic Network Inc), Warrant Agreement (Northeast Optic Network Inc), Warrant Agreement (Northeast Optic Network Inc)
Extraordinary Events Regarding Common Stock. In the event that the -------------------------------------------- Company shall (a) issue additional shares of the Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common Shares, Stock or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 34. The number of shares of Common Shares Stock that the Holder holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted increased to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 34) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 34) be in effect, and (b) the denominator is the Purchase Price in effect on the date of such exercise.
Appears in 5 contracts
Sources: Warrant Agreement (Family Room Entertainment Corp), Warrant Agreement (Family Room Entertainment Corp), Warrant Agreement (Amnis Systems Inc)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 3herein. The number of Common Shares Units that the Holder of this Warrant Subscriber shall thereafter, on the exercise hereof as provided in Section 1, thereafter be entitled to receive (including number of shares of Conversion Shares or Warrant Shares the Subscriber may thereafter be entitled to receive upon conversion of the Preferred Shares or exercise of the Warrants, as the case may be) shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 3Section) be issuable on such conversion or exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 3Section) be in effect, and (b) the denominator is the Purchase Price then in effect on the date of such exerciseeffect.
Appears in 5 contracts
Sources: Subscription Agreement (Majesco Entertainment Co), Subscription Agreement (Sevion Therapeutics, Inc.), Subscription Agreement (Majesco Entertainment Co)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 34. The number of shares of Common Shares Stock that the Holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 3) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 3) be in effect, and (b) the denominator is the Purchase Price in effect on the date of such exercise.
Appears in 4 contracts
Sources: Asset Purchase Agreement (WQN, Inc.), Asset Purchase Agreement (Voip Inc), Warrant Agreement (Voip Inc)
Extraordinary Events Regarding Common Stock. In the event that prior to the Closing the Company shall (a) issue additional shares of Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 3herein. The number of Common Shares Units that the Holder of this Warrant Subscriber shall thereafter, on the exercise hereof as provided in Section 1, thereafter be entitled to receive (including number of shares of Common Stock or Warrant Shares the Subscriber may thereafter be entitled to receive upon conversion of the Shares or exercise of the Warrants, as the case may be) shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 3Section) be issuable on such conversion or exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 3Section) be in effect, and (b) the denominator is the Purchase Price then in effect on the date of such exerciseeffect.
Appears in 4 contracts
Sources: Subscription Agreement (Majesco Entertainment Co), Subscription Agreement (Majesco Entertainment Co), Subscription Agreement (Majesco Entertainment Co)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 3. The number of shares of Common Shares Stock that the Holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 3) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 34) be in effect, and (b) the denominator is the Purchase Price in effect on the date of such exercise.
Appears in 4 contracts
Sources: Warrant Agreement (Mimvi, Inc.), Warrant Agreement (Mimvi, Inc.), Warrant Agreement (Iptimize, Inc.)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 33.2. The number of shares of Common Shares Stock that the Holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 33.2) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 33.2) be in effect, and (b) the denominator is the Purchase Price in effect on the date of such exercise.
Appears in 4 contracts
Sources: Warrant Agreement (Players Network), Warrant Agreement (Players Network), Warrant Agreement (Players Network)
Extraordinary Events Regarding Common Stock. In the event that the -------------------------------------------- Company shall (a) issue additional shares of the Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Exercise Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Exercise Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Exercise Price then in effect. The Purchase Exercise Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 34. The number of shares of Common Shares Stock that the Holder holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted increased to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 34) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Exercise Price that would otherwise (but for the provisions of this Section 34) be in effect, and (b) the denominator is the Purchase Exercise Price in effect on the date of such exercise.
Appears in 4 contracts
Sources: Warrant Agreement (Sequiam Corp), Warrant Agreement (Sequiam Corp), Warrant Agreement (Elinear Inc)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional Common Shares as a dividend or other distribution on outstanding Common Shares, (b) subdivide its outstanding shares of Common SharesStock, or (cb) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 3. The number of shares of Common Shares Stock that the Holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 3) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 3) be in effect, and (b) the denominator is the Purchase Price in effect on the date of such exercise.
Appears in 4 contracts
Sources: Common Stock Purchase Warrant (Accelerize New Media Inc), Common Stock Purchase Warrant (Accelerize New Media Inc), Common Stock Purchase Warrant (Accelerize New Media Inc)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 34. The number of shares of Common Shares Stock that the Holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1hereof, be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 34) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 34) be in effect, and (b) the denominator is the Purchase Price in effect on the date of such exercise.
Appears in 4 contracts
Sources: Credit Line Agreement (Max Sound Corp), Convertible Note Agreement (Aethlon Medical Inc), Subscription Agreement (Megawest Energy Corp.)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Exercise Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Exercise Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Exercise Price then in effect. The Purchase Exercise Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 3Section. The number of Common Warrant Shares that the Holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1hereof, be entitled to receive shall be adjusted to a number determined by multiplying the number of Common Warrant Shares that would otherwise (but for the provisions of this Section 3Section) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Exercise Price that would otherwise (but for the provisions of this Section 3Section) be in effect, and (b) the denominator is the Purchase Exercise Price in effect on the date of such exercise.
Appears in 4 contracts
Sources: Warrant Agreement (China Agri-Business, Inc.), Warrant Agreement (China Agri-Business, Inc.), Common Stock Purchase Warrant (China Agri-Business, Inc.)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Exercise Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Exercise Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Exercise Price then in effect. The Purchase Exercise Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 34. The number of shares of Common Shares Stock that the Holder holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted increased or decreased as the case may be to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 34) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Exercise Price that would otherwise (but for the provisions of this Section 34) be in effect, and (b) the denominator is the Purchase Exercise Price in effect on the date of such exercise.
Appears in 4 contracts
Sources: Warrant Agreement (Synergy Brands Inc), Warrant Agreement (Synergy Brands Inc), Warrant Agreement (Synergy Brands Inc)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Exercise Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Exercise Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Exercise Price then in effect. The Purchase Exercise Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 34. The number of shares of Common Shares Stock that the Holder holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 34) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Exercise Price that would otherwise (but for the provisions of this Section 34) be in effect, and (b) the denominator is the Purchase Exercise Price in effect on the date of such exercise.
Appears in 4 contracts
Sources: Warrant Agreement (Ventures National Inc), Warrant Agreement (Ventures National Inc), Warrant Agreement (Ventures National Inc)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Price in effect immediately prior to such issuance, subdivision or combination shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 34. The number of shares of Common Shares Stock that the Holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 34) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 34) be in effect, and (b) the denominator is the Purchase Price in effect on the date of such exercise. In each of the foregoing cases, the adjustment shall be effective at the close of business on the date of such issuance, subdivision or combination, as the case may be.
Appears in 4 contracts
Sources: Common Stock Purchase Warrant (Techedge Inc), Common Stock Purchase Warrant (Techedge Inc), Common Stock Purchase Warrant (Techedge Inc)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Exercise Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Exercise Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Exercise Price then in effect. The Purchase Exercise Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 34. The number of shares of Common Shares Stock that the Holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 34) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Exercise Price that would otherwise (but for the provisions of this Section 34) be in effect, and (b) the denominator is the Purchase Exercise Price in effect on the date of such exercise.
Appears in 4 contracts
Sources: Subscription Agreement (BigString CORP), Warrant Agreement (Elec Communications Corp), Warrant Agreement (Elec Communications Corp)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Exercise Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Exercise Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Exercise Price then in effect. The Purchase Exercise Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 3herein. The number of shares of Common Shares Stock that the Holder holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted increased to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 34) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Exercise Price that would otherwise (but for the provisions of this Section 34) be in effect, and (b) the denominator is the Purchase Exercise Price in effect on the date of such exercise.
Appears in 3 contracts
Sources: Warrant Agreement (BTHC X Inc), Warrant Agreement (BTHC X Inc), Warrant Agreement (InterMetro Communications, Inc.)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Exercise Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Exercise Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Exercise Price then in effect. The Purchase Exercise Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 34. The number of shares of Common Shares Stock that the Holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1hereof, be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 3) 4 be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Exercise Price that would otherwise (but for the provisions of this Section 3) 4 be in effect, and (b) the denominator is the Purchase Exercise Price in effect on the date of such exercise.
Appears in 3 contracts
Sources: Subscription Agreement (BigString CORP), Warrant Agreement (BigString CORP), Warrant Agreement (BigString CORP)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of Common SharesStock, then, in each such event, the Purchase Price purchase price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price purchase price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price purchase price then in effect. The Purchase Pricepurchase price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 3herein. The number of Common Shares that the Holder of this Warrant Subscriber shall thereafter, be issued and obtain on the exercise hereof as provided in Section 1hereof, be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 3Section) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Price purchase price that would otherwise (but for the provisions of this Section 3Section) be in effect, and (b) the denominator is the Purchase Price purchase price in effect on the date of such exercise.
Appears in 3 contracts
Sources: Subscription Agreement (MusclePharm Corp), Subscription Agreement (Pershing Gold Corp.), Subscription Agreement (American Strategic Minerals Corp)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Exercise Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Exercise Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Exercise Price then in effect. The Purchase Exercise Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 34. The number of shares of Common Shares Stock that the Holder holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted increased to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 34) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Exercise Price that would otherwise (but for the provisions of this Section 34) be in effect, and (b) the denominator is the Purchase Exercise Price in effect on the date of such exerciseexercise (following adjustment in connection with this Section 4).
Appears in 3 contracts
Sources: Common Stock Purchase Warrant (Dyntek Inc), Warrant Agreement (Dyntek Inc), Warrant Agreement (Dyntek Inc)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 3herein. The number of Common Shares that the Holder of this Warrant Subscriber shall thereafter, on the exercise hereof as provided in Section 1, thereafter be entitled to receive (including number of shares of Common Stock the Subscriber may thereafter be entitled to receive upon conversion of the Shares) shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 3Section) be issuable on such conversion or exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 3Section) be in effect, and (b) the denominator is the Purchase Price then in effect on the date of such exerciseeffect.
Appears in 3 contracts
Sources: Subscription Agreement (Orbital Tracking Corp.), Subscription Agreement (Fuse Science, Inc.), Subscription Agreement (Drone Aviation Holding Corp.)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 3herein. The number of Common Shares or Preferred Shares, as the case may be, and Warrants that the Holder of this Warrant Subscriber shall thereafter, thereafter be issued and obtain on the exercise hereof as provided in Section 1hereof, be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 3Section) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 3Section) be in effect, and (b) the denominator is the Purchase Price in effect on the date of such exercise.
Appears in 3 contracts
Sources: Subscription Agreement (Bullfrog Gold Corp.), Subscription Agreement (Bullfrog Gold Corp.), Subscription Agreement (Bullfrog Gold Corp.)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 32. The number of shares of Common Shares Stock that the Holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 34) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 32) be in effect, and (b) the denominator is the Purchase Price in effect on the date of such exercise.
Appears in 3 contracts
Sources: Warrant Agreement (Revium Rx.), Warrant Agreement (Revium Rx.), Warrant Agreement (Revium Rx.)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Exercise Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Exercise Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Exercise Price then in effect. The Purchase Exercise Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 34. The number of shares of Common Shares Stock that the Holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted increased to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 34) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Exercise Price that would otherwise (but for the provisions of this Section 34) be in effect, and (b) the denominator is the Purchase Exercise Price in effect on the date of such exercise.
Appears in 3 contracts
Sources: Common Stock Purchase Warrant and Registration Rights Agreement Amendment (It&e International Group), Securities Purchase Agreement (It&e International Group), Common Stock Purchase Warrant (It&e International Group)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 34. The number of shares of Common Shares Stock that the Holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1herein, be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 34) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 34) be in effect, and (b) the denominator is the Purchase Price in effect on the date of such exercise.
Appears in 3 contracts
Sources: Common Stock Purchase Warrant (XRG Inc), Warrant Agreement (XRG Inc), Warrant Agreement (XRG Inc)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Exercise Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Exercise Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Exercise Price then in effect. The Purchase Exercise Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 34. The number of shares of Common Shares Stock that the Holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 34) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Exercise Price that would otherwise (but for the provisions of this Section 34) be in effect, and (b) the denominator is the Purchase Exercise Price in effect on immediately after the date adjustment referred to in the first sentence of such exercisethis Section 4.
Appears in 3 contracts
Sources: Warrant Agreement (Ad.Venture Partners, Inc.), Common Stock Purchase Warrant (180 Connect Inc.), Common Stock Purchase Warrant (180 Connect Inc.)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock issued by the Company, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Exercise Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Exercise Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Exercise Price then in effect. The Purchase Exercise Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 34. The number of shares of Common Shares Stock that the Holder of this Warrant holder shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 34) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Exercise Price that would otherwise (but for the provisions of this Section 34) be in effect, and (b) the denominator is the Purchase Exercise Price in effect on the date of such exerciseexercise (taking into account the provisions of this Section 4).
Appears in 2 contracts
Sources: Warrant Agreement (Jmar Technologies Inc), Warrant Agreement (Jmar Technologies Inc)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 3herein. The number of Common Shares or Preferred Shares, as the case may be, that the Holder of this Warrant Subscriber shall thereafter, thereafter be issued and obtain on the exercise hereof as provided in Section 1hereof, be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 3Section) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 3Section) be in effect, and (b) the denominator is the Purchase Price in effect on the date of such exercise.
Appears in 2 contracts
Sources: Subscription Agreement (Bullfrog Gold Corp.), Subscription Agreement (Bullfrog Gold Corp.)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 3herein. The number of Common Shares or Preferred Shares, as the case may be and Warrants that the Holder of this Warrant Subscriber shall thereafter, thereafter be issued and obtain on the conversion or exercise hereof as provided in Section 1thereof, be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 3Section) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 3Section) be in effect, and (b) the denominator is the Purchase Price in effect on the date of such exercise.
Appears in 2 contracts
Sources: Subscription Agreement (Paulson Capital Corp), Subscription Agreement (Paulson Capital Corp)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Exercise Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Exercise Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Exercise Price then in effect. The Purchase Exercise Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 34. The number of shares of Common Shares Stock that the Holder holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted increased to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 34) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Exercise Price that would otherwise (but for the provisions of this Section 34) be in C:\Documents and Settings\Owner\Local Settings\Temporary Internet Files\OLK97\Warrant 125K at $2 January (Hunter) doc (N0000969) (2).DOC effect, and (b) the denominator is the Purchase Exercise Price in effect on the date of such exercise.
Appears in 2 contracts
Sources: Warrant Agreement (Universal Guardian Holdings Inc), Warrant Agreement (Universal Guardian Holdings Inc)
Extraordinary Events Regarding Common Stock. In If prior to the date the Subscriptions are accepted by the Company, in the event that the Company shall (a) issue additional shares of Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 3herein. The number of Common Shares that the Holder of this Warrant Subscriber shall thereafter, on the exercise hereof as provided in Section 1, thereafter be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 3Section) be issuable on such conversion or exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 3Section) be in effect, and (b) the denominator is the Purchase Price then in effect on the date of such exerciseeffect.
Appears in 2 contracts
Sources: Subscription Agreement (Splash Beverage Group, Inc.), Subscription Agreement (Splash Beverage Group, Inc.)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Exercise Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Exercise Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Exercise Price then in effect. The Purchase Exercise Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 34d. The number of Common Warrant Shares that the Holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1this Section, be entitled to receive shall be adjusted to a number determined by multiplying the number of Common Warrant Shares that would otherwise (but for the provisions of this Section 3Section) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Exercise Price that would otherwise (but for the provisions of this Section 3Section) be in effect, and (b) the denominator is the Purchase Exercise Price in effect on the date of such exercise.
Appears in 2 contracts
Sources: Warrant Agreement (Trestle Holdings, Inc.), Warrant Agreement (Trestle Holdings, Inc.)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Exercise Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Exercise Price by a fraction, fraction the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Exercise Price then in effect. The Purchase Exercise Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 34. The number of shares of Common Shares Stock that the Holder holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted to a number determined by multiplying the number of Common Shares that would otherwise (but for the provisions of this Section 34) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Exercise Price that would otherwise (but for the provisions of this Section 34) be in effect, and (b) the denominator is the Purchase Exercise Price in effect on the date of such exercise.
Appears in 2 contracts
Sources: Note Purchase Agreement (Critical Home Care Inc), Note Purchase Agreement (Critical Home Care Inc)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 3herein. The number of Common Shares that the Holder of this Warrant Subscriber shall thereafter, on the exercise hereof as provided in Section 1, thereafter be entitled to receive (including number of shares of Conversion Shares the Subscriber may thereafter be entitled to receive upon conversion of the Preferred Shares) shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 3Section) be issuable on such conversion or exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 3Section) be in effect, and (b) the denominator is the Purchase Price then in effect on the date of such exerciseeffect.
Appears in 2 contracts
Sources: Subscription Agreement (Mabvax Therapeutics Holdings, Inc.), Subscription Agreement (Majesco Entertainment Co)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common Shares, Stock or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 34. The number of shares of Common Shares Stock that the Holder holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted increased or decreased to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 34) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 34) be in effect, and (b) the denominator is the Purchase Price in effect on the date of such exercise.
Appears in 2 contracts
Sources: Warrant Agreement (Adb Systems International Inc), Warrant Agreement (Adb Systems International Inc)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) issue additional shares of the Common Stock upon the conversion of shares of the Company’s Series B Convertible Preferred Stock, par value $0.001 per share (“Series B Preferred Stock”), (c) subdivide its outstanding shares of Common SharesStock, or (cd) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Exercise Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Exercise Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Exercise Price then in effect. The Purchase Exercise Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 3herein. The number of shares of Common Shares Stock that the Holder holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted increased to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 34) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Exercise Price that would otherwise (but for the provisions of this Section 34) be in effect, and (b) the denominator is the Purchase Exercise Price in effect on the date of such exercise.
Appears in 2 contracts
Sources: Warrant Agreement (Mint Leasing Inc), Warrant Agreement (Mint Leasing Inc)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Exercise Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Exercise Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event (calculated on a fully-diluted basis) and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such eventevent(calculated on a fully-diluted basis), and the product so obtained shall thereafter be the Purchase Exercise Price then in effect. The Purchase Exercise Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 34. The number of shares of Common Shares Stock that the Holder holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 34) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Exercise Price that would otherwise (but for the provisions of this Section 34) be in effect, and (b) the denominator is the Purchase Exercise Price in effect on the date of such exercise.
Appears in 2 contracts
Sources: Warrant Agreement (DSL Net Inc), Warrant Agreement (DSL Net Inc)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 3herein. The number of Common Shares or Preferred Shares, as the case may be, that the Holder of this Warrant Subscriber shall thereafter, be issued and obtain on the conversion or exercise hereof as provided in Section 1thereof, be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 3Section) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 3Section) be in effect, and (b) the denominator is the Purchase Price in effect on the date of such exercise.
Appears in 2 contracts
Sources: Subscription Agreement (Orbital Tracking Corp.), Subscription Agreement (Great West Resources, Inc.)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional Common Shares as a dividend or other distribution on outstanding Common Shares, (b) subdivide its outstanding shares of Common SharesStock, or (cb) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 34. The number of Common Shares Units that the Holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted to a number determined by multiplying the number of Common Shares Units that would otherwise (but for the provisions of this Section 34) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 34) be in effect, and (b) the denominator is the Purchase Price in effect on the date of such exercise.
Appears in 2 contracts
Sources: Warrant Agreement (Megawest Energy Corp.), Warrant Agreement (Megawest Energy Corp.)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 3herein. The number of Common Shares Units that the Holder of this Warrant Subscriber shall thereafter, on the exercise hereof as provided in Section 1, thereafter be entitled to receive (including number of shares of Common Stock or Warrant Shares the Subscriber may thereafter be entitled to receive upon conversion of the Shares or exercise of the Warrants, as the case may be) shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 3Section) be issuable on such conversion or exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 3Section) be in effect, and (b) the denominator is the Purchase Price then in effect on the date of such exerciseeffect.
Appears in 2 contracts
Sources: Subscription Agreement (Drone Aviation Holding Corp.), Subscription Agreement (Bitcoin Shop Inc.)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of Common SharesStock, then, in each such event, the Unit Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 3herein. The number of shares of Common Shares Stock and Warrants that the Holder of this Warrant Subscriber shall thereafter, be issued and obtain on the exercise hereof as provided in Section 1hereof, be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 3Section) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 3Section) be in effect, and (b) the denominator is the Purchase Price in effect on the date of such exercise.
Appears in 2 contracts
Sources: Subscription Agreement (American Energy Fields, Inc.), Subscription Agreement (Yesdtc Holdings, Inc.)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (ai) issue additional shares of Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (bii) subdivide its outstanding shares of Common SharesStock, or (ciii) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 3herein. The number of Common Shares that the Holder of this Warrant Subscriber shall thereafter, on the exercise hereof as provided in Section 1, thereafter be entitled to receive (including number of shares of Conversion Shares the Subscriber may thereafter be entitled to receive upon conversion of the Preferred Shares) shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 3Section) be issuable on such conversion or exercise by a fraction of which (aA) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 3Section) be in effect, and (bB) the denominator is the Purchase Price then in effect on the date of such exerciseeffect.
Appears in 2 contracts
Sources: Subscription Agreement (Function(x) Inc.), Subscription Agreement (Function(x) Inc.)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 3. The number of shares of Common Shares Stock that the Holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 12, be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 3) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 3) be in effect, and (b) the denominator is the Purchase Price in effect on the date of such exercise.
Appears in 2 contracts
Sources: Warrant Agreement (Adaptive Medias, Inc.), Grain Procurement and Working Capital Agreement (Aemetis, Inc)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Exercise Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase current Exercise Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Exercise Price then in effect. The Purchase Exercise Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 34. The number of shares of Common Shares Stock that the Holder holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted increased to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 34) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Exercise Price that would otherwise (but for the provisions of this Section 34) be in effect, and (b) the denominator is the Purchase Exercise Price in effect on the date of such exercise.
Appears in 2 contracts
Sources: Common Stock Purchase Warrant (Digital Angel Corp), Warrant Agreement (Digital Angel Corp)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional Common Shares as a dividend or other distribution on outstanding Common Shares, (b) subdivide its outstanding Common Shares, or (c) combine its outstanding Common Shares into a smaller number of Common Shares, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of Common Shares outstanding immediately prior to such event and the denominator of which shall be the number of Common Shares outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 34. The number of Common Shares that the Holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted to a number determined by multiplying the number of Common Shares that would otherwise (but for the provisions of this Section 34) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 34) be in effect, and (b) the denominator is the Purchase Price in effect on the date of such exercise.
Appears in 2 contracts
Sources: Subscription Agreement (China Natural Resources Inc), Warrant Agreement (China Industrial Waste Management Inc.)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 3. The number of shares of Common Shares Stock that the Holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 3) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 3) be in effect, and (b) the denominator is the Purchase Price in effect on the date of such exercise. 4.
Appears in 2 contracts
Sources: Warrant Agreement (OBITX, Inc.), Warrant Agreement (mCig, Inc.)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 34. The number of shares of Common Shares Stock that the Holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 34) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 34) be in effect, and (b) the denominator is the Purchase Price in effect on the date of such exercise. The Holder is entitled upon exercise of this Warrant to receive Spin-Off Shares as described in Section 9(p) of the Subscription Agreement.
Appears in 2 contracts
Sources: Warrant Agreement (American Water Star Inc), Warrant Agreement (American Water Star Inc)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 3herein. The number of Common Shares or Preferred Shares, as the case may be and Warrants that the Holder of this Warrant Subscriber shall thereafter, be issued and obtain on the exercise hereof as provided in Section 1hereof, be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 3Section) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 3Section) be in effect, and (b) the denominator is the Purchase Price in effect on the date of such exercise.
Appears in 2 contracts
Sources: Subscription Agreement (Bullfrog Gold Corp.), Subscription Agreement (Bullfrog Gold Corp.)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 34. The number of shares of Common Shares Stock that the Holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 34) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 32) be in effect, and (b) the denominator is the Purchase Price in effect on the date of such exercise.
Appears in 2 contracts
Sources: Subscription Agreement (IR-Med, Inc.), Warrant Agreement (IR-Med, Inc.)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common Shares, Stock or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 3. The number of shares of Common Shares Stock that the Holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted increased to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 3) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 3) be in effect, and (b) the denominator is the Purchase Price in effect on the date of such exercise.
Appears in 2 contracts
Sources: Warrant Agreement (Hypertension Diagnostics Inc /Mn), Subscription Agreement (Hypertension Diagnostics Inc /Mn)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock into a greater number of shares, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of Common SharesStock, then, in each such event, the number of Shares issuable upon exercise of this Warrant at the time of the record date for such dividend or distribution or the effective date of such subdivison or combination shall be proportionately adjusted so that the Holder after such date shall be entitled to purchase the number of shares of Common Stock which such Holder would have been entitled to receive in respect of the Shares subject to this Warrant after such date had this Warrant been exercised immediately prior to such date. In such event, the Purchase Price in effect at the time shall, simultaneously with the happening of such event, be adjusted to the number obtained by multiplying dividing (x) the then Purchase Price by a fraction, the numerator product of which shall be (1) the number of Common Shares outstanding immediately prior to such event and the denominator of which shall be the number of Common Shares outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner issuable upon the happening exercise of any successive event or events described herein in this Section 3. The number of Common Shares that the Holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted to a number determined by multiplying the number of Common Shares that would otherwise (but for the provisions of this Section 3) be issuable on before such exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 3) be in effect, adjustment and (b2) the denominator is the Purchase Price in effect on immediately before such event giving rise to this adjustment by (y) the date new number of such exerciseShares issuable upon exercise of the Warrant determined pursuant to the immediately preceding sentence.
Appears in 2 contracts
Sources: Conversion Agreement (World Surveillance Group Inc.), Conversion Agreement (World Surveillance Group Inc.)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 3herein. The number of Common Shares Units that the Holder of this Warrant Subscriber shall thereafter, on the exercise hereof as provided in Section 1, thereafter be entitled to receive (including number of shares of Common Stock or Warrant Shares the Subscriber may thereafter be entitled to receive upon exercise of the Warrants) shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 3Section) be issuable on such conversion or exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 3Section) be in effect, and (b) the denominator is the Purchase Price then in effect on the date of such exerciseeffect.
Appears in 2 contracts
Sources: Subscription Agreement (Bitcoin Shop Inc.), Subscription Agreement (Bitcoin Shop Inc.)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional Common Shares as a dividend or other distribution on outstanding Common Shares, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 34. The number of shares of Common Shares Stock that the Holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1hereof, be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 34) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 34) be in effect, and (b) the denominator is the Purchase Price in effect on the date of such exercise.
Appears in 1 contract
Sources: Securities Purchase Agreement (Petro River Oil Corp.)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 3herein. The number of Common Preferred Shares and Warrants that the Holder of this Warrant Subscriber shall thereafter, be issued and obtain on the conversion or exercise hereof as provided in Section 1thereof, be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 3Section) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 3Section) be in effect, and (b) the denominator is the Purchase Price in effect on the date of such exercise.
Appears in 1 contract
Sources: Subscription Agreement (Yappn Corp.)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 3. The number of shares of Common Shares Stock that the Holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 34) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 3) be in effect, and (b) the denominator is the Purchase Price in effect on the date of such exercise.
Appears in 1 contract
Sources: Subscription Agreement (5 G Wireless Communications Inc)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Exercise Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Exercise Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Exercise Price then in effect. The Purchase Exercise Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 34. The number of shares of Common Shares Stock that the Holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 34) be issuable on such exercise by a fraction of which of
(a) the numerator is the Purchase Exercise Price that would otherwise (but for the provisions of this Section 34) be in effect, and (b) the denominator is the Purchase Exercise Price in effect on the date of such exercise.
Appears in 1 contract
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 3herein. The number of Common Shares that the Holder of this Warrant Subscriber shall thereafter, on the exercise hereof as provided in Section 1, thereafter be entitled to receive (including number of shares of Conversion Shares the Subscriber may thereafter be entitled to receive upon conversion of the Shares) shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 3Section) be issuable on such conversion or exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 3Section) be in effect, and (b) the denominator is the Purchase Price then in effect on the date of such exerciseeffect.
Appears in 1 contract
Sources: Subscription Agreement (Drone Aviation Holding Corp.)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Shares Stock as a dividend or other distribution on outstanding Common Shares, Stock issued by the Company (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Warrant Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Warrant Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Warrant Price then in effect. The Purchase Warrant Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 35. The number of Common Shares shares of Warrant Stock that the Holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 12, be entitled to receive shall be adjusted to a number determined by multiplying the number of Common Shares shares of Warrant Stock that would otherwise (but for the provisions of this Section 35) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Warrant Price that would otherwise (but for the provisions of this Section 35) be in effect, and (b) the denominator is the Purchase Warrant Price in effect on the date of such exerciseexercise (taking into account the provisions of this Section 5). Notwithstanding the foregoing, in no event shall the Exercise Price be less than the par value of the Common Stock.
Appears in 1 contract
Sources: Financial Advisor Warrant Agreement (Graymark Healthcare, Inc.)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Exercise Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Exercise Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Exercise Price then in effect. The Purchase Exercise Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 34. The number of shares of Common Shares Stock that the Holder of this Warrant holder shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 3) be have been issuable on such exercise immediately prior to such event by a fraction of which (a) the numerator is the Purchase Exercise Price that would otherwise (but for the provisions of this Section 3) be was in effecteffect prior to such event, and (b) the denominator is the Purchase Exercise Price in effect on after such event (taking into account the date provisions of such exercisethis Section 4).
Appears in 1 contract
Sources: Warrant Agreement (Ronco Corp)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Exercise Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Exercise Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Exercise Price then in effect. The Purchase Exercise Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 33(c). The number of Common Warrant Shares that the Holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1herein, be entitled to receive shall be adjusted to a number determined by multiplying the number of Common Warrant Shares that would otherwise (but for the provisions of this Section 3) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Exercise Price that would otherwise (but for the provisions of this Section 33(c) be in effect, and (b) the denominator is the Purchase Exercise Price in effect on the date of such exercise.
Appears in 1 contract
Sources: Common Stock Purchase Warrant (STW Resources Holding Corp.)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 34. The number of shares of Common Shares Stock that the Holder Holders of this Warrant shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 34) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 34) be in effect, and (b) the denominator is the Purchase Price in effect on the date of such exercise.
Appears in 1 contract
Sources: Warrant Agreement (Digitiliti Inc)
Extraordinary Events Regarding Common Stock. In If the event that the Company shall Corporation (a) issue issues additional shares of the Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock or any preferred stock issued by the Corporation, (b) subdivide subdivides its outstanding shares of Common SharesStock, or (c) combine combines its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Exercise Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Exercise Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Exercise Price then in effect. The Purchase Exercise Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 3SECTION 5. The number of shares of Common Shares Stock that the Holder of this Warrant shall thereafter, on the exercise hereof as provided herein in Section SECTION 1, be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 3SECTION 5) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Exercise Price that would otherwise (but for the provisions of this Section 3SECTION 5) be in effect, and (b) the denominator is the Purchase Exercise Price in effect on the date of such exercise.
Appears in 1 contract
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 3herein. The number of Common Shares Units that the Holder of this Warrant Subscriber shall thereafter, on the exercise hereof as provided in Section 1, thereafter be entitled to receive (including number of Conversion Shares or Warrant Shares the Subscriber may thereafter be entitled to receive upon conversion of the Shares or exercise of the Warrants, as the case may be) shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 3Section) be issuable on such conversion or exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 3Section) be in effect, and (b) the denominator is the Purchase Price then in effect on the date of such exerciseeffect.
Appears in 1 contract
Extraordinary Events Regarding Common Stock. In the event that the Company Sonic Foundry shall (a) issue additional shares of Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 3herein. The number of Common Shares Units that the Holder of this Warrant Subscriber shall thereafter, on the exercise hereof as provided in Section 1, thereafter be entitled to receive (consisting of number of shares of Common Stock or Warrant Shares the Subscriber may thereafter be entitled to receive upon exercise of the Warrants) shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 3Section) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 3Section) be in effect, and (b) the denominator is the Purchase Price then in effect on the date of such exerciseeffect.
Appears in 1 contract
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 32. The number of shares of Common Shares Stock that the Holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 32) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 32) be in effect, and (b) the denominator is the Purchase Price in effect on the date of such exercise.
Appears in 1 contract
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Exercise Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Exercise Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Exercise Price then in effect. The Purchase Exercise Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 34. The number of shares of Common Shares Stock that the Holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1Sections 1 and 2, be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 34) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Exercise Price that would otherwise (but for the provisions of this Section 34) be in effect, and (b) the denominator is the Purchase Exercise Price in effect on the date of such exercise.
Appears in 1 contract
Sources: Warrant Agreement (Pervasip Corp)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of Common Shares Stock into a smaller number of shares of Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 3. The number of shares of Common Shares Stock that the Holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 3) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 3) be in effect, and (b) the denominator is the Purchase Price in effect on the date of such exercise.
Appears in 1 contract
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 3herein. The number of Common Shares that the Holder of this Warrant Subscriber shall thereafter, on the exercise hereof as provided in Section 1, thereafter be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 3Section) be issuable on such conversion or exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 3Section) be in effect, and (b) the denominator is the Purchase Price then in effect on the date of such exerciseeffect.
Appears in 1 contract
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of Common Shares Stock into a smaller number of shares of Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 34. The number of shares of Common Shares Stock that the Holder holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted increased to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 34) be issuable on such exercise by a fraction of which (ai) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 34) be in effect, and (bii) the denominator is the Purchase Price in effect on the date of such exercise.
Appears in 1 contract
Sources: Common Stock Purchase Warrant (Osage Systems Group Inc)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 34. The number of shares of Common Shares Stock that the Holder holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 34) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 34) be in effect, and (b) the denominator is the Purchase Price in effect on the date of such exercise.
Appears in 1 contract
Sources: Warrant Agreement (Integrated Spatial Information Solutions Inc /Co/)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Exercise Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Exercise Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Exercise Price then in effect. The Purchase Exercise Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 32. The number of shares of Common Shares Stock that the Holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 3Sub-section 2.4) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Exercise Price that would otherwise (but for the provisions of this Section 3Sub-section 2.4) be in effect, and (b) the denominator is the Purchase Exercise Price in effect on the date of such exercise.
Appears in 1 contract
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price then in effect by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 34. The number of shares of Common Shares Stock that the Holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 11 or 2, be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 34) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise in effect immediately prior to such event (but for the provisions of this Section 3) be in effect4), and (b) the denominator is the Purchase Price in effect on the date of such exerciseevent.
Appears in 1 contract
Sources: Warrant Agreement (Eugene Science)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 34. The number of shares of Common Shares Stock that the Holder holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted increased to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 34) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 34) be in effect, and (b) the denominator is the Purchase Price in effect on the date of such exercise.
Appears in 1 contract
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase then applicable Exercise Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Exercise Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Exercise Price then in effect. The Purchase Exercise Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 34. The number of shares of Common Shares Stock that the Holder holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted increased to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 34) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Exercise Price that would otherwise (but for the provisions of this Section 34) be in effect, and (b) the denominator is the Purchase Exercise Price in effect on the date of such exercise.
Appears in 1 contract
Sources: Warrant Agreement (Lmic Inc)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock or any preferred stock issued by the Company, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Exercise Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Exercise Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Exercise Price then in effect. The Purchase Exercise Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 34. The number of shares of Common Shares Stock that the Holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 34) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Exercise Price that would otherwise (but for the provisions of this Section 34) be in effect, and (b) the denominator is the Purchase Exercise Price in effect on the date of such exerciseexercise (taking into account the provisions of this Section 4).
Appears in 1 contract
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common Shares, Stock or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number f shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, adjusted shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 34. The number of shares of Common Shares Stock that the Holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1hereof, be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 34) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 34) be in effect, and (b) the denominator is the Purchase Price in effect on the date of such exercise.
Appears in 1 contract
Sources: Warrant Agent Agreement (Toughbuilt Industries, Inc)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Exercise Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Exercise Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Exercise Price then in effect. The Purchase Exercise Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 34. The Following an extraordinary event regarding Common Stock as described in subsections (a), (b) and (c) of this Section 4, the number of shares of Common Shares Stock that the Holder holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted increased (or decreased as applicable) to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 34) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Exercise Price that would otherwise (but for the provisions of this Section 34) be in effect, and (b) the denominator is the Purchase Exercise Price in effect on the date of such exercise.
Appears in 1 contract
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 3herein. The number of Common Shares or Preferred Shares, as the case may be that the Holder of this Warrant Subscriber shall thereafter, be issued and obtain on the conversion or exercise hereof as provided in Section 1thereof, be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 3Section) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 3Section) be in effect, and (b) the denominator is the Purchase Price in effect on the date of such exercise.
Appears in 1 contract
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional Common Shares as a dividend or other distribution on outstanding Common Shares, (b) subdivide its outstanding shares of Common Shares, Stock or (cb) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 34. The number of shares of Common Shares Stock that the Holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1hereof, be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 34) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 34) be in effect, and (b) the denominator is the Purchase Price in effect on the date of such exercise.
Appears in 1 contract
Sources: Senior Promissory Note and Security Agreement (Car Charging Group, Inc.)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 3herein. The number of Common Shares Shares, Debentures and Warrants that the Holder of this Warrant Subscriber shall thereafter, thereafter be issued and obtain on the exercise hereof as provided in Section 1hereof, be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 3Section) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 3Section) be in effect, and (b) the denominator is the Purchase Price in effect on the date of such exercise.
Appears in 1 contract
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of Common SharesStock, then, in each such event, the Purchase Price purchase price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price purchase price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price purchase price then in effect. The Purchase Pricepurchase price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 3herein. The number of Common Shares that the Holder of this Warrant Subscriber shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 3Section) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Price purchase price that would otherwise (but for the provisions of this Section 3Section) be in effect, and (b) the denominator is the Purchase Price purchase price in effect on the date of such exercise.
Appears in 1 contract
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 34. The number of shares of Common Shares Stock that the Holder holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted increased to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 3) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 3) be in effect, and (b) the denominator is the Purchase Price in effect on the date of such exercise.this
Appears in 1 contract
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common SharesStock, or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 3herein. The number of Common Shares Units that the Holder of this Warrant Subscriber shall thereafter, on the exercise hereof as provided in Section 1, thereafter be entitled to receive (including number of shares of Warrant Shares the Subscriber may thereafter be entitled to receive upon exercise of the Warrants) shall be adjusted to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 3Section) be issuable on such conversion or exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 3Section) be in effect, and (b) the denominator is the Purchase Price then in effect on the date of such exerciseeffect.
Appears in 1 contract
Sources: Subscription Agreement (MGT Capital Investments Inc)
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Shares Stock as a dividend or other distribution on outstanding Common SharesStock, (b) subdivide its outstanding shares of Common Shares, Stock or (c) combine its outstanding shares of the Common Shares Stock into a smaller number of shares of the Common SharesStock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Shares Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Shares Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 34. The number of shares of Common Shares Stock that the Holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted increased to a number determined by multiplying the number of shares of Common Shares Stock that would otherwise (but for the provisions of this Section 34) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 34) be in effect, and (b) the denominator is the Purchase Price in effect on the date of such exercise.
Appears in 1 contract
Sources: Warrant Agreement (Hypertension Diagnostics Inc /Mn)