Maximum Exercise of Rights. In the event the exercise of the rights described in Sections 10(a) and 10(b) would or could result in the issuance of an amount of Common Stock of the Company that would exceed the such Subscriber owning more than 4.9% of the shares of Common Stock issued and outstanding, then the issuance of such additional shares of Common Stock of the Company to Subscriber will be deferred in whole or in part until such time as such Subscriber is able to beneficially own such Common Stock without exceeding 4.9% of the shares of Common Stock issued and outstanding and notifies the Company accordingly.
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Sources: Subscription Agreement (Medical Alarm Concepts Holdings Inc)
Maximum Exercise of Rights. In the event the exercise of the rights described in Sections 10(a) and 10(b) Section 9 would or could result in the issuance of an amount of Common Stock of the Company that would exceed the such maximum amount that may be issued to Subscriber owning more than 4.9% calculated in the manner described in Section 6(c) of the shares of Common Stock issued and outstandingCertificate, then the issuance of such additional shares of Common Stock of the Company to Subscriber will be deferred in whole or in part until such time as such Subscriber is are able to beneficially own such Common Stock without exceeding 4.9% the applicable maximum amount set forth calculated in the manner described in Section 6(c) of the shares of Common Stock issued and outstanding Certificate and notifies the Company accordingly.
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Maximum Exercise of Rights. In the event the exercise of the rights described in Sections 10(a) and 10(b) Section 7 would or could result in the issuance of an amount of Common Stock of the Company that would exceed result in the such Subscriber owning being the beneficial owner of more than 4.94.99% of the shares of Company outstanding Common Stock issued and outstanding(“Maximum Ownership Amount”), then the issuance of such additional shares of Common Stock of the Company to such Subscriber will be deferred in whole or in part until such time as such Subscriber is able to beneficially own such Common Stock without exceeding 4.9% of the shares of Common Stock issued Maximum Ownership Amount and outstanding and such Subscriber notifies the Company accordingly.
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Sources: Securities Purchase Agreement (MEDL Mobile Holdings, Inc.)