Notices of Adjustments. After each adjustment of the Exercise Price or the number of Shares issuable upon exercise of any of the aforementioned option pursuant to this Section 1.3, the Company will promptly (but in all cases within seven (7) days) prepare a notice to the Investor setting forth: (i) the Exercise Price, as so adjusted, (ii) the number of shares of Option Stock purchasable upon exercise of the option after such adjustment, and (iii) a brief statement of the facts accounting for such adjustment. The Company will cause such notice to be sent by overnight courier to the Investor at his last address as it shall appear on the registry books of the Company.
Appears in 3 contracts
Sources: Share Subscription Agreement (Popstar Communications Inc), Share Subscription Agreement (Popstar Communications Inc), Share Subscription Agreement (Popstar Communications Inc)