{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "in-this-agreement", "type": "definition", "offset": [51, 68]}, {"key": "defaulting-lender", "type": "definition", "offset": [94, 111]}, {"key": "to-the-extent", "type": "clause", "offset": [184, 197]}, {"key": "applicable-law", "type": "clause", "offset": [211, 225]}], "snippet": "Notwithstanding anything to the contrary contained in this Agreement, if any Lender becomes a Defaulting Lender, then, until such time as that Lender is no longer a Defaulting Lender, to the extent permitted by applicable Law:", "samples": [{"hash": "jOs0p3pq4IO", "uri": "/contracts/jOs0p3pq4IO#adjustments", "label": "Credit Agreement (Esperion Therapeutics, Inc.)", "score": 37.2491444216, "published": true}, {"hash": "bxTdEnJrSYw", "uri": "/contracts/bxTdEnJrSYw#adjustments", "label": "Credit Agreement (Intrepid Potash, Inc.)", "score": 37.2491444216, "published": true}, {"hash": "lAmpDG6HNHa", "uri": "/contracts/lAmpDG6HNHa#adjustments", "label": "Credit Agreement (Trex Co Inc)", "score": 37.2464065552, "published": true}], "size": 4962, "hash": "03c982efe00687258fdd0afa3d01744f", "id": 1}, {"snippet_links": [{"key": "shares-of-the-company", "type": "definition", "offset": [19, 40]}, {"key": "stock-shall", "type": "definition", "offset": [50, 61]}, {"key": "in-common-stock", "type": "clause", "offset": [122, 137]}, {"key": "in-respect-of", "type": "clause", "offset": [152, 165]}, {"key": "in-effect", "type": "clause", "offset": [199, 208]}, {"key": "prior-to", "type": "clause", "offset": [221, 229]}, {"key": "date-of", "type": "clause", "offset": [264, 271]}, {"key": "simultaneously-with-the", "type": "clause", "offset": [292, 315]}, {"key": "proportionately-reduced", "type": "definition", "offset": [407, 430]}, {"key": "outstanding-shares-of-common-stock", "type": "definition", "offset": [435, 469]}, {"key": "number-of-warrant-shares", "type": "definition", "offset": [754, 778]}, {"key": "exercise-of-this-warrant", "type": "clause", "offset": [800, 824]}, {"key": "equal-to", "type": "definition", "offset": [893, 901]}, {"key": "number-of-shares-issuable", "type": "clause", "offset": [906, 931]}, {"key": "capital-reorganization-or-reclassification", "type": "clause", "offset": [1186, 1228]}, {"key": "change-in-par-value", "type": "clause", "offset": [1273, 1292]}, {"key": "subdivision-or-combination", "type": "definition", "offset": [1298, 1324]}, {"key": "consolidation-or-merger-of-the-company", "type": "clause", "offset": [1375, 1413]}, {"key": "transfer-of", "type": "definition", "offset": [1453, 1464]}, {"key": "substantially-all-of-the-assets-of-the-company", "type": "definition", "offset": [1472, 1518]}, {"key": "merger-or-sale", "type": "clause", "offset": [1595, 1609]}, {"key": "the-case", "type": "definition", "offset": [1614, 1622]}, {"key": "registered-holder", "type": "definition", "offset": [1674, 1691]}, {"key": "to-receive", "type": "definition", "offset": [1740, 1750]}, {"key": "shares-of-stock", "type": "clause", "offset": [1799, 1814]}, {"key": "other-securities", "type": "definition", "offset": [1818, 1834]}, {"key": "number-of-shares-of-common-stock", "type": "clause", "offset": [2067, 2099]}, {"key": "in-good-faith", "type": "definition", "offset": [2230, 2243]}, {"key": "board-of-directors-of-the-company", "type": "clause", "offset": [2251, 2284]}, {"key": "application-of-the-provisions", "type": "clause", "offset": [2307, 2336]}, {"key": "with-respect-to", "type": "clause", "offset": [2354, 2369]}, {"key": "rights-and-interests", "type": "clause", "offset": [2374, 2394]}, {"key": "this-section-2", "type": "clause", "offset": [2486, 2500]}, {"key": "adjustment-of-the-purchase-price", "type": "clause", "offset": [2539, 2571]}, {"key": "in-relation-to", "type": "clause", "offset": [2645, 2659]}, {"key": "the-company-shall", "type": "clause", "offset": [2840, 2857]}, {"key": "mail-to", "type": "definition", "offset": [2867, 2874]}, {"key": "holder-a", "type": "definition", "offset": [2890, 2898]}, {"key": "statement-of", "type": "clause", "offset": [2992, 3004]}, {"key": "the-facts", "type": "clause", "offset": [3005, 3014]}, {"key": "amount-of-stock", "type": "clause", "offset": [3093, 3108]}, {"key": "following-the", "type": "definition", "offset": [3186, 3199]}, {"key": "the-events", "type": "clause", "offset": [3221, 3231]}], "snippet": "(a) If outstanding shares of the Company's Common Stock shall be subdivided into a greater number of shares or a dividend in Common Stock shall be paid in respect of Common Stock, the Purchase Price in effect immediately prior to such subdivision or at the record date of such dividend shall simultaneously with the effectiveness of such subdivision or immediately after the record date of such dividend be proportionately reduced. If outstanding shares of Common Stock shall be combined into a smaller number of shares, the Purchase Price in effect immediately prior to such combination shall, simultaneously with the effectiveness of such combination, be proportionately increased. When any adjustment is required to be made in the Purchase Price, the number of Warrant Shares purchasable upon the exercise of this Warrant shall be changed to the number determined by dividing (i) an amount equal to the number of shares issuable upon the exercise of this Warrant immediately prior to such adjustment, multiplied by the Purchase Price in effect immediately prior to such adjustment, by (ii) the Purchase Price in effect immediately after such adjustment.\n(b) If there shall occur any capital reorganization or reclassification of the Company's Common Stock (other than a change in par value or a subdivision or combination as provided for in subsection 2(a) above), or any consolidation or merger of the Company with or into another corporation, or a transfer of all or substantially all of the assets of the Company, then, as part of any such reorganization, reclassification, consolidation, merger or sale, as the case may be, lawful provision shall be made so that the Registered Holder of this Warrant shall have the right thereafter to receive upon the exercise hereof the kind and amount of shares of stock or other securities or property which such Registered Holder would have been entitled to receive if, immediately prior to any such reorganization, reclassification, consolidation, merger or sale, as the case may be, such Registered Holder had held the number of shares of Common Stock which were then purchasable upon the exercise of this Warrant. In any such case, appropriate adjustment (as reasonably determined in good faith by the Board of Directors of the Company) shall be made in the application of the provisions set forth herein with respect to the rights and interests thereafter of the Registered Holder of this Warrant, such that the provisions set forth in this Section 2 (including provisions with respect to adjustment of the Purchase Price) shall thereafter be applicable, as nearly as is reasonably practicable, in relation to any shares of stock or other securities or property thereafter deliverable upon the exercise of this Warrant.\n(c) When any adjustment is required to be made in the Purchase Price, the Company shall promptly mail to the Registered Holder a certificate setting forth the Purchase Price after such adjustment and setting forth a brief statement of the facts requiring such adjustment. Such certificate shall also set forth the kind and amount of stock or other securities or property into which this Warrant shall be exercisable following the occurrence of any of the events specified in subsection 2(a) or (b) above.", "samples": [{"hash": "kKHIvAmKCvy", "uri": "/contracts/kKHIvAmKCvy#adjustments", "label": "Purchase Agreement (Akamai Technologies Inc)", "score": 18.0, "published": true}, {"hash": "k84JPX51Pk0", "uri": "/contracts/k84JPX51Pk0#adjustments", "label": "Common Stock Purchase Warrant (Transcend Therapeutics Inc)", "score": 16.0, "published": true}, {"hash": "jBhhjVS7mWz", "uri": "/contracts/jBhhjVS7mWz#adjustments", "label": "Common Stock Purchase Warrant (Register Com Inc)", "score": 16.0, "published": true}], "size": 877, "hash": "a6f4b2b41c6dc6704f6737c4880b806e", "id": 2}, {"snippet_links": [{"key": "the-company-shall", "type": "clause", "offset": [12, 29]}, {"key": "at-any-time", "type": "clause", "offset": [30, 41]}, {"key": "outstanding-shares", 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6113]}, {"key": "changes-in", "type": "clause", "offset": [6173, 6183]}, {"key": "the-warrant-agent", "type": "clause", "offset": [6303, 6320]}, {"key": "opinion-of-legal-counsel", "type": "clause", "offset": [6343, 6367]}, {"key": "conclusive-evidence", "type": "clause", "offset": [6371, 6390]}, {"key": "provisions-of-this-section", "type": "clause", "offset": [6444, 6470]}, {"key": "expiration-date", "type": "clause", "offset": [6534, 6549]}, {"key": "current-warrant-price", "type": "clause", "offset": [6567, 6588]}, {"key": "board-of-directors-of-the-company", "type": "clause", "offset": [6629, 6662]}, {"key": "consecutive-days", "type": "definition", "offset": [6699, 6715]}, {"key": "required-by", "type": "definition", "offset": [6816, 6827]}, {"key": "section-35", "type": "clause", "offset": [6828, 6839]}, {"key": "days-prior", "type": "definition", "offset": [6853, 6863]}, {"key": "no-adjustment", "type": "clause", "offset": [6938, 6951]}, {"key": "securities-of-the-company", "type": "clause", "offset": [7020, 7045]}, {"key": "for-any-other-reason", "type": "clause", "offset": [7049, 7069]}, {"key": "fractional-warrant", "type": "clause", "offset": [7089, 7107]}, {"key": "number-of-full", "type": "clause", "offset": [7246, 7260]}, {"key": "basis-of", "type": "clause", "offset": [7348, 7356]}, {"key": "aggregate-number", "type": "definition", "offset": [7361, 7377]}, {"key": "securities-purchased", "type": "clause", "offset": [7389, 7409]}, {"key": "pursuant-to-the", "type": "definition", "offset": [7410, 7425]}, {"key": "cash-adjustment", "type": "definition", "offset": [7580, 7595]}, {"key": "last-reported-sale-price", "type": "definition", "offset": [7671, 7695]}, {"key": "bid-price", "type": "definition", "offset": [7700, 7709]}, {"key": "no-sales", "type": "clause", "offset": [7724, 7732]}, {"key": "the-principal", "type": "definition", "offset": [7786, 7799]}, {"key": "national-securities-exchange", "type": "clause", "offset": [7811, 7839]}, {"key": "business-day", "type": "definition", "offset": [7913, 7925]}, {"key": "day-of", "type": "clause", "offset": [7949, 7955]}, {"key": "the-closing", "type": "clause", "offset": [8101, 8112]}, {"key": "high-bid", "type": "definition", "offset": [8113, 8121]}, {"key": "board-service", "type": "definition", "offset": [8175, 8188]}, {"key": "the-financial-industry-regulatory-authority", "type": "clause", "offset": [8228, 8271]}, {"key": "not-available", "type": "clause", "offset": [8296, 8309]}, {"key": "other-us", "type": "clause", "offset": [8418, 8427]}, {"key": "quotation-medium", "type": "definition", "offset": [8429, 8445]}, {"key": "dealer-quotation", "type": "definition", "offset": [8455, 8471]}, {"key": "a-registered", "type": "clause", "offset": [8580, 8592]}, {"key": "not-included", "type": "clause", "offset": [8627, 8639]}, {"key": "not-quoted", "type": "clause", "offset": [8675, 8685]}, {"key": "member-firm", "type": "definition", "offset": [8869, 8880]}, {"key": "by-the-company-for", "type": "clause", "offset": [8908, 8926]}, {"key": "close-of-business", "type": "clause", "offset": [8947, 8964]}, {"key": "mail-to", "type": "definition", "offset": [9121, 9128]}, {"key": "company-a", "type": "definition", "offset": [9221, 9230]}, {"key": "the-facts", "type": "clause", "offset": [9355, 9364]}, {"key": "notwithstanding-anything-to-the-contrary", "type": "clause", "offset": [9429, 9469]}, {"key": "in-no-event-shall", "type": "clause", "offset": [9478, 9495]}, {"key": "as-adjusted", "type": "definition", "offset": [9515, 9526]}, {"key": "par-value-per-share", "type": "clause", "offset": [9581, 9600]}], "snippet": "(a) In case the Company shall at any time subdivide its outstanding shares of [title of Preferred Stock purchasable through exercise of Warrants] into a greater number of shares, the Warrant Price in effect immediately prior to such subdivision shall be proportionately reduced and the number of Warrant Securities purchasable under the Warrants shall be proportionately increased. Conversely, in case the outstanding shares of [title of Preferred Stock purchasable through exercise of Warrants] shall be combined into a smaller number of shares, the Warrant Price in effect immediately prior to such combination shall be proportionately increased and the number of Warrant Securities purchasable under the Warrants shall be proportionately decreased.\n(b) If at any time or from time to time the holders of [title of Preferred Stock purchasable through exercise of Warrants] (or any shares of stock or other securities at the time receivable upon the exercise of the Warrants) shall have received or become entitled to receive, without payment therefore,\n(i) [title of Preferred Stock purchasable through exercise of Warrants] or any shares of stock or other securities which are at any time directly or indirectly convertible into or exchangeable for [title of Preferred Stock purchasable through exercise of Warrants], or any rights or options to subscribe for, purchase or otherwise acquire any of the foregoing by way of dividend or other distribution;\n(ii) any cash paid or payable otherwise than in accordance with the terms of [title of Preferred Stock purchasable through exercise of Warrants] or as a cash dividend paid or payable out of the Company\u2019s current or retained earnings;\n(iii) any evidence of the Company\u2019s indebtedness or rights to subscribe for or purchase the Company\u2019s indebtedness; or\n(iv) [title of Preferred Stock purchasable through exercise of Warrants] or additional stock or other securities or property (including cash) by way of spinoff, split-up, reclassification, combination of shares or similar corporate rearrangement (other than shares of [title of Preferred Stock purchasable through exercise of Warrants] issued as a stock split or adjustments in respect of which shall be covered by the terms of Section 3.4(a) above), then and in each such case, the holder of each Warrant shall, upon the exercise of the Warrant, be entitled to receive, in addition to the number of Warrant Securities receivable thereupon, and without payment of any additional consideration therefore, the amount of stock and other securities and property (including cash and indebtedness or rights to subscribe for or purchase indebtedness) which such holder would hold on the date of such exercise had such holder been the holder of record of such Warrant Securities as of the date on which holders of [title of Preferred Stock purchasable through exercise of Warrants] received or became entitled to receive such shares or all other additional stock and other securities and property.\n(c) In case of (i) any reclassification, capital reorganization, or change in the [title of Preferred Stock purchasable through exercise of Warrants] of the Company (other than as a result of a subdivision, combination, or stock dividend provided for in Section 3.4(a) or Section 3.4(b) above), (ii) share exchange, merger or similar transaction of the Company with or into another person or entity (other than a share exchange, merger or similar transaction in which the Company is the acquiring or surviving corporation and which does not result in any change in the [title of Preferred Stock purchasable through exercise of Warrants] other than the issuance of additional shares of [title of Preferred Stock purchasable through exercise of Warrants]) or (iii) the sale, exchange, lease, transfer or other disposition of all or substantially all of the properties and assets of the Company as an entirety (in any such case, a \u201cReorganization Event\u201d), then, as a condition of such Reorganization Event, lawful provisions shall be made, and duly executed documents evidencing the same from the Company or its successor shall be delivered to the holders of the Warrants, so that the holders of the Warrants shall have the right at any time prior to the expiration of the Warrants to purchase, at a total price equal to that payable upon the exercise of the Warrants, the kind and amount of shares of stock and other securities and property receivable in connection with such Reorganization Event by a holder of the same number of shares of [title of Preferred Stock purchasable through exercise of Warrants] as were purchasable by the holders of the Warrants immediately prior to such Reorganization Event. In any such case appropriate provisions shall be made with respect to the rights and interests of the holders of the Warrants so that the provisions hereof shall thereafter be applicable with respect to any shares of stock or other securities and property deliverable upon exercise the Warrants, and appropriate adjustments shall be made to the Warrant Price payable hereunder provided the aggregate purchase price shall remain the same. In the case of any transaction described in clauses (ii) and (iii) above, the Company shall thereupon be relieved of any further obligation hereunder or under the Warrants, and the Company as the predecessor corporation may thereupon or at any time thereafter be dissolved, wound up or liquidated. Such successor or assuming entity thereupon may cause to be signed, and may issue either in its own name or in the name of the Company, any or all of the Warrants issuable hereunder which heretofore shall not have been signed by the Company, and may execute and deliver securities in its own name, in fulfillment of its obligations to deliver Warrant Securities upon exercise of the Warrants. All the Warrants so issued shall in all respects have the same legal rank and benefit under this Agreement as the Warrants theretofore or thereafter issued in accordance with the terms of this Agreement as though all of such Warrants had been issued at the date of the execution hereof. In any case of any such Reorganization Event, such changes in phraseology and form (but not in substance) may be made in the Warrants thereafter to be issued as may be appropriate. The Warrant Agent may receive a written opinion of legal counsel as conclusive evidence that any such Reorganization Event complies with the provisions of this Section 3.4.\n(d) The Company may, at its option, at any time until the Expiration Date, reduce the then current Warrant Price to any amount deemed appropriate by the Board of Directors of the Company for any period not exceeding twenty consecutive days (as evidenced in a resolution adopted by such Board of Directors), but only upon giving the notices required by Section 3.5 at least ten days prior to taking such action.\n(e) Except as herein otherwise expressly provided, no adjustment in the Warrant Price shall be made by reason of the issuance of any securities of the Company or for any other reason whatsoever.\n(f) No fractional Warrant Securities shall be issued upon the exercise of Warrants. If more than one Warrant shall be exercised at one time by the same holder, the number of full Warrant Securities which shall be issuable upon such exercise shall be computed on the basis of the aggregate number of Warrant Securities purchased pursuant to the Warrants so exercised. Instead of any fractional Warrant Security which would otherwise be issuable upon exercise of any Warrant, the Company shall pay a cash adjustment in respect of such fraction in an amount equal to the same fraction of the last reported sale price (or bid price if there were no sales) per Warrant Security, in either case as reported on the principal registered national securities exchange on which the Warrant Securities are listed or admitted to trading on the business day that next precedes the day of exercise or, if the Warrant Securities are not then listed or admitted to trading on any registered national securities exchange, the average of the closing high bid and low asked prices as reported on the OTC Bulletin Board Service (the \u201cOTC Bulletin Board\u201d) operated by the Financial Industry Regulatory Authority, Inc. (\u201cFINRA\u201d ) or, if not available on the OTC Bulletin Board, then the average of the closing high bid and low asked prices as reported on any other U.S. quotation medium or inter-dealer quotation system on such date, or if on any such date the Warrant Securities are not listed or admitted to trading on a registered national securities exchange, are not included in the OTC Bulletin Board, and are not quoted on any other U.S. quotation medium or inter-dealer quotation system, an amount equal to the same fraction of the average of the closing bid and asked prices as furnished by any FINRA member firm selected from time to time by the Company for that purpose at the close of business on the business day that next precedes the day of exercise.\n(g) Whenever the Warrant Price then in effect is adjusted as herein provided, the Company shall mail to each holder of the Warrants at such holder\u2019s address as it shall appear on the books of the Company a statement setting forth the adjusted Warrant Price then and thereafter effective under the provisions hereof, together with the facts, in reasonable detail, upon which such adjustment is based.\n(h) Notwithstanding anything to the contrary herein, in no event shall the Warrant Price, as adjusted in accordance with the terms hereof, be less than the par value per share of [title of Preferred Stock purchasable through exercise of Warrants].", "samples": [{"hash": "1Ceje26S87N", "uri": "/contracts/1Ceje26S87N#adjustments", "label": "Preferred Stock Warrant Agreement (Annexon, Inc.)", "score": 37.2436676025, "published": true}, {"hash": "jji2COZ34V4", "uri": "/contracts/jji2COZ34V4#adjustments", "label": "Preferred Stock Warrant Agreement (Alumis Inc.)", "score": 37.2108154297, "published": true}, {"hash": "8fdfuDnFVbv", "uri": "/contracts/8fdfuDnFVbv#adjustments", "label": "Preferred Stock Warrant Agreement (Minerva Neurosciences, Inc.)", "score": 37.188911438, "published": true}], "size": 515, "hash": "31f852202998e117485652862f07e53f", "id": 5}, {"snippet_links": [{"key": "the-exercise-price", "type": "definition", "offset": [0, 18]}, {"key": "number-of-warrant-shares", "type": "definition", "offset": [27, 51]}, {"key": "from-time-to-time", "type": "clause", "offset": [70, 87]}], "snippet": "The Exercise Price and the number of Warrant Shares shall be adjusted from time to time as follows:", "samples": [{"hash": "hUFgaXXLLeA", "uri": "/contracts/hUFgaXXLLeA#adjustments", "label": "Security Agreement (Lingerie Fighting Championships, Inc.)", "score": 37.2409324646, "published": true}, {"hash": "ehivuEofdA1", "uri": "/contracts/ehivuEofdA1#adjustments", "label": "Security Agreement (Lingerie Fighting Championships, Inc.)", "score": 37.2409324646, "published": true}, {"hash": "7CUZpIl88iu", "uri": "/contracts/7CUZpIl88iu#adjustments", "label": "Security Agreement (Lingerie Fighting Championships, Inc.)", "score": 37.2409324646, "published": true}], "size": 617, "hash": 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"definition", "offset": [7053, 7077]}, {"key": "bid-price", "type": "definition", "offset": [7082, 7091]}, {"key": "no-sales", "type": "clause", "offset": [7106, 7114]}, {"key": "the-principal", "type": "definition", "offset": [7168, 7181]}, {"key": "national-securities-exchange", "type": "clause", "offset": [7193, 7221]}, {"key": "business-day", "type": "definition", "offset": [7295, 7307]}, {"key": "day-of", "type": "clause", "offset": [7331, 7337]}, {"key": "the-closing", "type": "clause", "offset": [7483, 7494]}, {"key": "high-bid", "type": "definition", "offset": [7495, 7503]}, {"key": "board-service", "type": "definition", "offset": [7557, 7570]}, {"key": "the-financial-industry-regulatory-authority", "type": "clause", "offset": [7610, 7653]}, {"key": "not-available", "type": "clause", "offset": [7678, 7691]}, {"key": "other-us", "type": "clause", "offset": [7800, 7809]}, {"key": "quotation-medium", "type": "definition", "offset": [7811, 7827]}, {"key": "dealer-quotation", "type": "definition", "offset": [7837, 7853]}, {"key": "a-registered", "type": "clause", "offset": [7962, 7974]}, {"key": "not-included", "type": "clause", "offset": [8009, 8021]}, {"key": "not-quoted", "type": "clause", "offset": [8057, 8067]}, {"key": "member-firm", "type": "definition", "offset": [8251, 8262]}, {"key": "by-the-company-for", "type": "clause", "offset": [8290, 8308]}, {"key": "close-of-business", "type": "clause", "offset": [8329, 8346]}, {"key": "mail-to", "type": "definition", "offset": [8503, 8510]}, {"key": "company-a", "type": "definition", "offset": [8603, 8612]}, {"key": "the-facts", "type": "clause", "offset": [8737, 8746]}, {"key": "notwithstanding-anything-to-the-contrary", "type": "clause", "offset": [8811, 8851]}, {"key": "in-no-event-shall", "type": "clause", "offset": [8860, 8877]}, {"key": "as-adjusted", "type": "definition", "offset": [8897, 8908]}, {"key": "par-value-per-share", "type": "clause", "offset": [8963, 8982]}], "snippet": "(a) In case the Company shall at any time subdivide its outstanding shares of Common Stock into a greater number of shares, the Warrant Price in effect immediately prior to such subdivision shall be proportionately reduced and the number of Warrant Securities purchasable under the Warrants shall be proportionately increased. Conversely, in case the outstanding shares of Common Stock of the Company shall be combined into a smaller number of shares, the Warrant Price in effect immediately prior to such combination shall be proportionately increased and the number of Warrant Securities purchasable under the Warrants shall be proportionately decreased.\n(b) If at any time or from time to time the holders of Common Stock (or any shares of stock or other securities at the time receivable upon the exercise of the Warrants) shall have received or become entitled to receive, without payment therefor,\n(i) Common Stock or any shares of stock or other securities which are at any time directly or indirectly convertible into or exchangeable for Common Stock, or any rights or options to subscribe for, purchase or otherwise acquire any of the foregoing by way of dividend or other distribution;\n(ii) any cash paid or payable otherwise than as a cash dividend paid or payable out of the Company\u2019s current or retained earnings;\n(iii) any evidence of the Company\u2019s indebtedness or rights to subscribe for or purchase the Company\u2019s indebtedness; or\n(iv) Common Stock or additional stock or other securities or property (including cash) by way of spinoff, split-up, reclassification, combination of shares or similar corporate rearrangement (other than shares of Common Stock issued as a stock split or adjustments in respect of which shall be covered by the terms of Section 3.4(a) above), then and in each such case, the holder of each Warrant shall, upon the exercise of the Warrant, be entitled to receive, in addition to the number of Warrant Securities receivable thereupon, and without payment of any additional consideration therefore, the amount of stock and other securities and property (including cash and indebtedness or rights to subscribe for or purchase indebtedness) which such holder would hold on the date of such exercise had such holder been the holder of record of such Warrant Securities as of the date on which holders of Common Stock received or became entitled to receive such shares or all other additional stock and other securities and property.\n(c) In case of (i) any reclassification, capital reorganization, or change in the Common Stock of the Company (other than as a result of a subdivision, combination, or stock dividend provided for in Section 3.4(a) or Section 3.4(b) above), (ii) share exchange, merger or similar transaction of the Company with or into another person or entity (other than a share exchange, merger or similar transaction in which the Company is the acquiring or surviving corporation and which does not result in any change in the Common Stock other than the issuance of additional shares of Common Stock) or (iii) the sale, exchange, lease, transfer or other disposition of all or substantially all of the properties and assets of the Company as an entirety (in any such case, a \u201cReorganization Event\u201d), then, as a condition of such Reorganization Event, lawful provisions shall be made, and duly executed documents evidencing the same from the Company or its successor shall be delivered to the holders of the Warrants, so that the holders of the Warrants shall have the right at any time prior to the expiration of the Warrants to purchase, at a total price equal to that payable upon the exercise of the Warrants, the kind and amount of shares of stock and other securities and property receivable in connection with such Reorganization Event by a holder of the same number of Warrant Securities as were purchasable by the holders of the Warrants immediately prior to such Reorganization Event. In any such case appropriate provisions shall be made with respect to the rights and interests of the holders of the Warrants so that the provisions hereof shall thereafter be applicable with respect to any shares of stock or other securities and property deliverable upon exercise the Warrants, and appropriate adjustments shall be made to the Warrant Price payable hereunder provided the aggregate purchase price shall remain the same. In the case of any transaction described in clauses (ii) and (iii) above, the Company shall thereupon be relieved of any further obligation hereunder or under the Warrants, and the Company as the predecessor corporation may thereupon or at any time thereafter be dissolved, wound up or liquidated. Such successor or assuming entity thereupon may cause to be signed, and may issue either in its own name or in the name of the Company, any or all of the Warrants issuable hereunder which heretofore shall not have been signed by the Company, and may execute and deliver securities in its own name, in fulfillment of its obligations to deliver Warrant Securities upon exercise of the Warrants. All the Warrants so issued shall in all respects have the same legal rank and benefit under this Agreement as the Warrants theretofore or thereafter issued in accordance with the terms of this Agreement as though all of such Warrants had been issued at the date of the execution hereof. In any case of any such Reorganization Event, such changes in phraseology and form (but not in substance) may be made in the Warrants thereafter to be issued as may be appropriate. The Warrant Agent may receive a written opinion of legal counsel as conclusive evidence that any such Reorganization Event complies with the provisions of this Section 3.4.\n(d) The Company may, at its option, at any time until the Expiration Date, reduce the then current Warrant Price to any amount deemed appropriate by the Board of Directors of the Company for any period not exceeding twenty consecutive days (as evidenced in a resolution adopted by such Board of Directors), but only upon giving the notices required by Section 3.5 at least ten days prior to taking such action.\n(e) Except as herein otherwise expressly provided, no adjustment in the Warrant Price shall be made by reason of the issuance of shares of Common Stock, or securities convertible into or exchangeable for shares of Common Stock, or securities carrying the right to purchase any of the foregoing or for any other reason whatsoever.\n(f) No fractional Warrant Securities shall be issued upon the exercise of Warrants. If more than one Warrant shall be exercised at one time by the same holder, the number of full Warrant Securities which shall be issuable upon such exercise shall be computed on the basis of the aggregate number of Warrant Securities purchased pursuant to the Warrants so exercised. Instead of any fractional Warrant Security which would otherwise be issuable upon exercise of any Warrant, the Company shall pay a cash adjustment in respect of such fraction in an amount equal to the same fraction of the last reported sale price (or bid price if there were no sales) per Warrant Security, in either case as reported on the principal registered national securities exchange on which the Warrant Securities are listed or admitted to trading on the business day that next precedes the day of exercise or, if the Warrant Securities are not then listed or admitted to trading on any registered national securities exchange, the average of the closing high bid and low asked prices as reported on the OTC Bulletin Board Service (the \u201cOTC Bulletin Board\u201d) operated by the Financial Industry Regulatory Authority, Inc. 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adjusted Warrant Price then and thereafter effective under the provisions hereof, together with the facts, in reasonable detail, upon which such adjustment is based.\n(h) Notwithstanding anything to the contrary herein, in no event shall the Warrant Price, as adjusted in accordance with the terms hereof, be less than the par value per share of Common Stock.", "samples": [{"hash": "55xirkV9fms", "uri": "/contracts/55xirkV9fms#adjustments", "label": "Common Stock Warrant Agreement (Annexon, Inc.)", "score": 37.2436676025, "published": true}, {"hash": "5zYFD4q1RkN", "uri": "/contracts/5zYFD4q1RkN#adjustments", "label": "Common Stock Warrant Agreement (Alumis Inc.)", "score": 37.2108154297, "published": true}, {"hash": "8Ev1qCdpAxN", "uri": "/contracts/8Ev1qCdpAxN#adjustments", "label": "Common Stock Warrant Agreement (Minerva Neurosciences, Inc.)", "score": 37.188911438, "published": true}], "size": 681, "hash": "10dee98fdaa78654b2f550b6a95d3ffe", "id": 3}, {"snippet_links": [{"key": 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{"key": "no-fractional-shares", "type": "clause", "offset": [2535, 2555]}, {"key": "company-cash", "type": "definition", "offset": [2612, 2624]}, {"key": "based-on", "type": "clause", "offset": [2625, 2633]}, {"key": "in-lieu-of", "type": "clause", "offset": [2686, 2696]}, {"key": "board-shall", "type": "definition", "offset": [2755, 2766]}, {"key": "determine-the", "type": "clause", "offset": [2767, 2780]}, {"key": "adjustments-to", "type": "clause", "offset": [2790, 2804]}, {"key": "in-connection-with-a-corporate-transaction", "type": "clause", "offset": [2922, 2964]}, {"key": "restricted-common-stock", "type": "definition", "offset": [3036, 3059]}, {"key": "conditions-and-restrictions", "type": "clause", "offset": [3116, 3143]}, {"key": "applicable-to", "type": "definition", "offset": [3144, 3157]}, {"key": "by-the-board", "type": "clause", "offset": [3273, 3285]}], "snippet": "Upon the occurrence of any of the following events, the Optionee\u2019s rights with respect to Options granted to such Optionee hereunder shall be adjusted as hereinafter provided unless otherwise specifically provided in a written agreement between the Optionee and the Company relating to such Options:\n(a) If the shares of Common Stock shall be subdivided or combined into a greater or smaller number of shares, respectively, or if the Company shall issue any shares of its Common Stock as a stock dividend on its outstanding shares of Common Stock, the number of shares of Common Stock deliverable upon the exercise of the Options shall be appropriately increased or decreased proportionately, and appropriate adjustments shall be made in the exercise price per share to reflect such subdivision, combination or stock dividend, as applicable;\n(b) If the Company is to be consolidated with or acquired by another entity pursuant to an acquisition, the board of directors of any entity assuming the obligations of the Company hereunder (the \u201cSuccessor Board\u201d) shall either (i) make appropriate provision for the continuation of such Options by substituting on an equitable basis for the shares then subject to such Options the consideration payable with respect to the outstanding shares of Common Stock of the Company in connection with such acquisition or (ii) terminate all Options in exchange for a cash payment equal to the excess of the fair market value of the shares of Common Stock subject to such Options over the exercise price thereof;\n(c) In the event of a recapitalization or reorganization of the Company (other than a transaction described in Section 9(b) above) pursuant to which securities of the Company or of another corporation are issued with respect to the outstanding shares of Common Stock, the Optionee upon exercising the Options shall be entitled to receive for the purchase price paid upon such exercise, the securities such Optionee would have received if such Optionee had exercised such Optionee\u2019s Options prior to such recapitalization or reorganization;\n(d) Except as expressly provided herein, no issuance by the Company of shares of Common Stock of any class or securities convertible into shares of Common Stock of any class shall affect, and no adjustment by reason thereof shall be made with respect to, the number or exercise price of shares subject to Options. No adjustments shall be made for dividends or other distributions paid in cash or in property other than securities of the Company;\n(e) No fractional shares shall be issued and the Optionee shall receive from the Company cash based on the fair market value of the shares of Common Stock in lieu of such fractional shares; or\n(f) The Board or the Successor Board shall determine the specific adjustments to be made under this Section 9, and its determination shall be conclusive. If the Optionee receives securities or cash in connection with a corporate transaction described in Section 9(a), (b) or (c) above as a result of owning such restricted Common Stock, such securities or cash shall be subject to all of the conditions and restrictions applicable to the restricted Common Stock with respect to which such securities or cash were issued, unless otherwise determined by the Board or the Successor Board.", "samples": [{"hash": "hk6c1lpxcCH", "uri": "/contracts/hk6c1lpxcCH#adjustments", "label": "Non Qualified Stock Option Agreement (Quantum Computing Inc.)", "score": 34.2169761658, "published": true}, {"hash": "f5qEyOCSlxo", "uri": "/contracts/f5qEyOCSlxo#adjustments", "label": "Non Qualified Stock Option Agreement (Quantum Computing Inc.)", "score": 34.2169761658, "published": true}, {"hash": "lIWKSPJtO70", "uri": "/contracts/lIWKSPJtO70#adjustments", "label": "Non Qualified Stock Option Agreement (Wizard World, Inc.)", "score": 25.8692684174, "published": true}], "size": 334, "hash": "c50f416b6f3411103381da438a25438e", "id": 8}, {"snippet_links": [{"key": "number-of-shares-of-common-stock", "type": "clause", "offset": [4, 36]}, {"key": "the-price", "type": "clause", "offset": [79, 88]}, {"key": "exercise-of-this-warrant", "type": "clause", "offset": [132, 156]}, {"key": "subject-to", "type": "clause", "offset": [167, 177]}, {"key": "from-time-to-time", "type": "clause", "offset": [189, 206]}, {"key": "section-4", "type": "clause", "offset": [228, 237]}, {"key": "the-company-shall", "type": "clause", "offset": [239, 256]}, {"key": "notice-of-any", "type": "clause", "offset": [269, 282]}, {"key": "pursuant-to", "type": "clause", "offset": [334, 345]}, {"key": "at-the-time", "type": "definition", "offset": [361, 372]}], "snippet": "The number of shares of Common Stock for which this Warrant is exercisable, or the price at which such shares may be purchased upon exercise of this Warrant, shall be subject to adjustment from time to time as set forth in this Section 4. 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Notwithstanding the foregoing, the Repayment Amount with respect to such Payments shall be zero if a Repayment Amount of more than zero would not eliminate the Excise Tax imposed on such Payments or if a Repayment Amount of more than zero would not maximize the net amount received by Executive from the Payments. If the Excise Tax is not eliminated pursuant to this Section, Executive shall pay the Excise Tax.", "samples": [{"hash": "b1RqQiEVEyJ", "uri": "/contracts/b1RqQiEVEyJ#adjustments", "label": "Executive Employment Agreement (Ross Stores, Inc.)", "score": 33.2505149841, "published": true}, {"hash": "lsrUVGTYxuY", "uri": "/contracts/lsrUVGTYxuY#adjustments", "label": "Executive Employment Agreement (Ross Stores, Inc.)", "score": 32.4291572571, "published": true}, {"hash": "lQAJxhOPuUs", "uri": "/contracts/lQAJxhOPuUs#adjustments", "label": "Executive Employment Agreement (Ross Stores, Inc.)", "score": 32.4291572571, "published": true}], "size": 293, "hash": "f138485324280e67ce0411c1f5330542", "id": 10}, {"snippet_links": [{"key": "without-limiting-the", "type": "clause", "offset": [0, 20]}, {"key": "other-provisions-of-this-agreement", "type": "clause", "offset": [21, 55]}, {"key": "at-any-time", "type": "clause", "offset": [60, 71]}, {"key": "during-the-period", "type": "clause", "offset": [72, 89]}, {"key": "date-of-this-agreement", "type": "definition", "offset": [102, 124]}, {"key": "the-effective-time", "type": "clause", "offset": [129, 147]}, {"key": "change-in", "type": "definition", "offset": [153, 162]}, {"key": "the-company-shall", "type": "clause", "offset": [206, 223]}, {"key": "reverse-stock-split", "type": "clause", "offset": [317, 336]}, {"key": "stock-dividend-or-distribution", "type": "clause", "offset": [397, 427]}, {"key": "the-merger-consideration", "type": "clause", "offset": [443, 467]}, {"key": "other-amounts-payable", "type": "clause", "offset": [476, 497]}, {"key": "pursuant-to-this-agreement", "type": "clause", "offset": [498, 524]}], "snippet": "Without limiting the other provisions of this Agreement, if at any time during the period between the date of this Agreement and the Effective Time, any change in the outstanding shares of capital stock of the Company shall occur, including by reason of any reclassification, recapitalization, stock split (including reverse stock split) or combination, exchange or readjustment of shares, or any stock dividend or distribution paid in stock, the Merger Consideration and any other amounts payable pursuant to this Agreement shall be appropriately adjusted to reflect such change.", "samples": [{"hash": "6K7sWNr2Rw0", "uri": "/contracts/6K7sWNr2Rw0#adjustments", "label": "Merger Agreement (Body & Mind Inc.)", "score": 33.9746742249, "published": true}, {"hash": "jlBacUs51lu", "uri": "/contracts/jlBacUs51lu#adjustments", "label": "Merger Agreement (4Front Ventures Corp.)", "score": 32.7672843933, "published": true}, {"hash": "fCsR0soLC9e", "uri": "/contracts/fCsR0soLC9e#adjustments", "label": "Agreement and Plan of Merger (GigCapital2, Inc.)", "score": 32.2224502563, "published": true}], "size": 386, "hash": "2f83f28e1710be08e9a0f48dd89b92ab", "id": 6}], "next_curs": "ClQSTmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjALEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhRhZGp1c3RtZW50cyMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"children": [["aggregation-of-shares", "Aggregation of Shares"], ["replacement-of-securities-upon-reorganization-etc", "Replacement of Securities upon Reorganization, etc"], ["notices-of-changes-in-warrant", "Notices of Changes in Warrant"], ["form-of-warrant", "Form of Warrant"], ["waivers-and-amendments", "Waivers and Amendments"]], "title": "Adjustments", "size": 51834, "parents": [["defaulting-lenders", "Defaulting Lenders"], ["miscellaneous", "Miscellaneous"], ["the-commitments-and-credit-extensions", "The Commitments and Credit Extensions"], ["the-merger", "The Merger"], ["other-provisions", "Other Provisions"]], "id": "adjustments", "related": [["adjustment", "Adjustment", "Adjustment"], ["true-up-adjustments", "True-Up Adjustments", "True-Up <strong>Adjustments</strong>"], ["market-adjustments", "Market Adjustments", "Market <strong>Adjustments</strong>"], ["section-754-adjustments", "Section 754 Adjustments", "Section 754 <strong>Adjustments</strong>"], ["equitable-adjustments", "Equitable Adjustments", "Equitable <strong>Adjustments</strong>"]], "related_snippets": [], "updated": "2026-04-05T05:59:45+00:00", "also_ask": ["What are the most negotiable elements in an Adjustments clause?", "Which drafting components are essential to prevent post-closing disputes?", "What are the most common risks or loopholes that undermine Adjustments provisions?", "How do Adjustments clauses differ across jurisdictions or deal types?", "What factors most influence a court\u2019s willingness to enforce an Adjustments clause as written?"], "drafting_tip": "Specify adjustment triggers to prevent disputes, define calculation methods to ensure transparency, and set notification requirements to allow timely responses.", "explanation": "The Adjustments clause defines how changes to the contract's terms, such as price, scope, or timeline, are handled after the agreement is signed. Typically, this clause outlines the process for requesting, approving, and documenting modifications, and may specify circumstances under which adjustments are permitted, such as unforeseen costs or regulatory changes. Its core function is to provide a structured mechanism for managing changes, ensuring both parties have clarity and recourse if project conditions evolve."}, "json": true, "cursor": ""}}