Anti-Dilution Protection. will issue Stanford, without further consideration, any additional shares of stock of the class issued pursuant to Section 7.2 necessary to ensure that the number of shares issued Stanford pursuant to Section 7.2 and this Section 7.3 does not represent less than % of the shares issued and outstanding on a Fully-Diluted Basis. The Anti-Dilution Protection under this Section 7.3 will continue until an amount of at least $X,000,000, when aggregated with prior closings, has been raised by ***** in a bona fide round of financing through the sale of securities or by conversion of instruments convertible into equity (“Dilution Trigger”). If the Dilution Trigger is reached or exceeded during a specific round of funding, Anti-Dilution Protection will extend to the total amount of funding raised through the closing of that specific round of funding.
Appears in 4 contracts
Samples: Exclusive License Agreement With Equity, Exclusive License Agreement With Equity, Sample Agreement
