Stock Splits, Combinations and Dividends. In the event of any capital restructuring of the Borrower including, but not limited to, any an event in which the shares of Common Stock are subdivided or combined into a greater or smaller number of shares of Common Stock or if a dividend is paid on the Common Stock in shares of Common Stock, the Conversion Price shall be adjusted to the lesser of: (i) $0.01; or (ii) 70% of the lowest closing bid price of the Common Stock as quoted by Bloomberg, LP for the thirty (30) day period prior to such Conversion Date.
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Sources: Debt Exchange Agreement (Coconnect Inc), Note Exchange Agreement (Coconnect Inc)
Stock Splits, Combinations and Dividends. In the event of any capital restructuring of the Borrower including, but not limited to, any an event in which the shares of Common Stock are subdivided or combined into a greater or smaller number of shares of Common Stock or if a dividend is paid on the Common Stock in shares of Common Stock, the Conversion Price shall be adjusted to the lesser of: (i) $0.01; or (ii) 70% of the lowest closing bid price of the Common Stock as quoted by Bloomberg, LP for the thirty (30) day period prior to such Conversion Date.
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