Anti-Dilution Features. In the event that the Company proposes, while this Option remains outstanding, (a) to make a stock dividend, stock distribution, stock split, reverse stock split, stock reclassification, or (b) to undergo a recapitalization, merger, consolidation, share exchange, or sale of all or substantially all assets in return for securities of another company, the Exercise Price and/or the number of shares subject to this Option shall be adjusted equitably so that the Option holder shall be entitled to require that the Shareholder transfer to the Purchaser appointed by the Option holder for a proportionate aggregate price an equity and economic position in the Company consistent with the equity and economic position in the Company available under this Option at the date hereof. Notwithstanding anything contained herein to the contrary, in the event for any reason the Shareholder is the owner of multiple shares of the capital stock of the Company, the term "Share" as used herein shall be deemed to include any and all such shares of the capital stock of the Company owned by Shareholder from time to time.
Anti-Dilution Features. The A-Preferred shall have anti-dilutive rights commencing as of the Effective Date. For example, if there are 120,000,000 shares of the Company’s Common Stock issued and outstanding and 10,000,000 shares of the Series A Preferred Stock issued and outstanding which are convertible into 60,000,000 shares of Common Stock and there is a 1:4 reverse split of the Common Stock, decreasing the number of shares of the Company’s issued and outstanding Common Stock from 120,000,000 to 30,000,000 shares, the Series A Preferred Stock shall retain the right to convert to 60,000,000 shares of Common Stock so that after the conversion of the Series A Preferred Stock the holders of the Series A Preferred Stock will own two thirds (60,000,000 out of a total of 90,000,000) of the issued and outstanding shares of Common Stock in spite of the fact that, prior to the reverse split, the holders of the Series A Preferred Stock would have owned one third (60,000,000 out of a total of 180,000,000) of the issued and outstanding shares.
Anti-Dilution Features. In the event that during the period in which this Warrant remains outstanding, any change is made in the Common Stock subject to this Warrant through merger, consolidation, reorganization, recapitalization, share exchange, stock dividend, stock distribution, stock split, reverse stock split, stock reclassification, liquidating dividend, combination of shares, change in corporate structure or otherwise, then the Corporation shall give the Purchaser prompt written notice of such action in reasonable detail (together with all relevant information) at the Purchaser's notice address set forth below. In the event this Warrant is not expired or exercised in full in advance of any of such events, upon completion of such event the Warrant Price per share and/or the number of shares of Common Stock subject to this Warrant as set forth above shall be adjusted equitably so that the Purchaser shall be entitled to acquire from the Corporation for a proportionate aggregate price an equity and economic position in the Corporation consistent with the equity and economic position in the Corporation available to the Purchaser under this Warrant on the date hereof. If the Corporation and the Purchaser are unable to agree upon such adjustment, then such adjustment shall be determined by the Corporation's independent accountants, with such determination to be conclusive, absent manifest error.
Anti-Dilution Features. In the event that the Company proposes, while this Option remains outstanding, (a) to make a stock dividend, stock distribution, stock split, reverse stock split, stock reclassification, or (b) to undergo a recapitalization, merger, consolidation, share exchange, or sale of all or substantially all assets in return for securities of another company, the Exercise Price and/or the number of shares subject to this Option shall be adjusted equitably so that the Optionholder shall be entitled to require that the Shareholder transfer to the Purchaser appointed by the Optionholder for a proportionate aggregate price an equity and economic position in the Company consistent with the equity and economic position in the Company available under this Option at the date hereof. Notwithstanding anything contained herein to the contrary, the term "Shares" as used herein shall be deemed to include any and all such shares of the capital stock of the Company owned by Shareholder from time to time.
Anti-Dilution Features. The anti-dilution features will be amended to exclude the securities to be issued in the Series C Preferred Financing and to make certain other changes as set forth in the Certificates of Designation (as defined below) attached as Exhibits B, C and D hereto.
