Common use of Anti-dilution Shares Clause in Contracts

Anti-dilution Shares. The issuance of the Preferred Shares, the Conversion Stock, the Warrants and the Warrant Stock will not result in the issuance of any additional shares of the capital stock of the Company or any triggering of any other rights of first refusal or anti-dilution, preemptive or similar rights contained in any options, warrants, debentures, other securities or agreements or commitments of the Company. All rights of first refusal, anti-dilution or similar rights with respect to the issuance of the Preferred Shares, the Warrants, the Conversion Stock and the Warrant Stock have been validly waived.

Anti-dilution Shares. The issuance of the Preferred Shares, the Conversion Stock, the Warrants and the Warrant Stock will not result in the issuance of any additional shares of the capital stock of the Company or any triggering of any other rights of first refusal or anti-dilution, preemptive or similar rights contained in any options, warrants, debentures, debentures or other securities or agreements or commitments of the Company. All rights of first refusal, anti-dilution or similar rights with respect to the issuance of the Preferred Shares, the Warrants, the Conversion Stock and the Warrant Stock have been validly waived.