Common use of Adjustments of Exercise Price and Number and Kind of Conversion Shares Clause in Contracts

Adjustments of Exercise Price and Number and Kind of Conversion Shares. 2.1 In the event that EGPI shall at any time hereafter (a) pay a dividend in Common Stock or securities convertible into Common Stock; (b) subdivide or split its outstanding Common Stock; (c) combine its outstanding Common Stock into a smaller number of shares; (d) spin-off to its shareholders a subsidiary or operating-business unit; then the number of shares to be issued immediately after the occurrence of any such event shall be adjusted so that the Holder thereafter may receive the number of shares of Common Stock or the equivalent value it would have owned immediately following such action if it had exercised the Warrant immediately prior to such action and the Exercise Price shall be adjusted to reflect such proportionate increases or decreases in the number of shares.

Appears in 4 contracts

Samples: Advisory Service Agreement (Egpi Firecreek, Inc.), Advisory Service Agreement (Egpi Firecreek, Inc.), Egpi Firecreek, Inc.

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Adjustments of Exercise Price and Number and Kind of Conversion Shares. 2.1 In the event that EGPI Company shall at any time hereafter (a) pay a dividend in Common Stock or securities convertible into Common Stock; (b) subdivide or split its outstanding Common Stock; (c) combine its outstanding Common Stock into a smaller number of shares; (d) spin-off to its shareholders a subsidiary or operating-business unit; then the number of shares to be issued immediately after the occurrence of any such event shall be adjusted so that the Holder thereafter may receive the number of shares of Common Stock or the equivalent value it would have owned immediately following such action if it had exercised the Warrant immediately prior to such action and the Exercise Price shall be adjusted to reflect such proportionate increases or decreases in the number of shares.

Appears in 2 contracts

Samples: United Fuel & Energy Corp, United Fuel & Energy Corp

Adjustments of Exercise Price and Number and Kind of Conversion Shares. 2.1 In the event that EGPI Signature shall at any time hereafter (a) pay a dividend in Common Stock or securities exercisable for or convertible into Common StockStock ("Common Stock Equivalents"); (b) subdivide or split its outstanding Common Stock; (c) combine its outstanding Common Stock into a smaller number of shares; (d) spin-off to its shareholders a subsidiary or operating-business unit; then the number of shares to be issued immediately after the occurrence of any such event shall be adjusted so that the Holder thereafter may receive the number of shares of Common Stock or the equivalent value it would have owned immediately following such action if it had exercised the Warrant Warrants immediately prior to such action and the Exercise Price shall be adjusted to reflect such proportionate increases or decreases in the number of shares.

Appears in 1 contract

Samples: Securities Purchase Agreement (Signature Eyewear Inc)

Adjustments of Exercise Price and Number and Kind of Conversion Shares. 2.1 In the event that EGPI UF&E shall at any time hereafter (a) pay a dividend in Common Stock or securities convertible into Common Stock; (b) subdivide or split its outstanding Common Stock; (c) combine its outstanding Common Stock into a smaller number of shares; (d) spin-off to its shareholders a subsidiary or operating-business unit; then the number of shares to be issued immediately after the occurrence of any such event shall be adjusted so that the Holder thereafter may receive the number of shares of Common Stock or the equivalent value it would have owned immediately following such action if it had exercised the Warrant immediately prior to such action and the Exercise Price shall be adjusted to reflect such proportionate increases or decreases in the number of shares.

Appears in 1 contract

Samples: United Fuel & Energy Corp

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Adjustments of Exercise Price and Number and Kind of Conversion Shares. 2.1 In the event that EGPI HEALTH SCIENCES GROUP, INC. shall at any time hereafter (a) pay a dividend in Common Stock or securities convertible into Common Stock; (b) subdivide or split its outstanding Common Stock; (c) combine its outstanding Common Stock into a smaller number of shares; (d) spin-off to its shareholders a subsidiary or operating-business unit; then the number of shares to be issued immediately after the occurrence of any such event shall be adjusted so that the Holder thereafter may receive the number of shares of Common Stock or the equivalent value it would have owned immediately following such action if it had exercised the Warrant immediately prior to such action and the Exercise Price shall be adjusted to reflect such proportionate increases or decreases in the number of shares.

Appears in 1 contract

Samples: Health Sciences Group Inc

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