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 INCA 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; 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 it would have owned immediately following such action if it had exercised the 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 5 contracts

Samples: Accident Prevention Plus Inc, Accident Prevention Plus Inc, Accident Prevention Plus Inc

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Adjustments of Exercise Price and Number and Kind of Conversion Shares. 2.1 1.6 In the event that INCA SUUB 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; 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 it would have owned immediately following such action if it had exercised the 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 3 contracts

Samples: Sub-Urban Brands, Inc., Sub-Urban Brands, Inc., Sub-Urban Brands, Inc.

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