Common use of Certification of Adjusted Exercise Price or Number of Shares of Common Stock Clause in Contracts

Certification of Adjusted Exercise Price or Number of Shares of Common Stock. Whenever the Exercise Price or the number of shares of Common Stock issuable upon the exercise of each Warrant is adjusted as provided in Section 11 or 13, the Company shall (a) promptly prepare a certificate setting forth the Exercise Price of each Warrant as so adjusted, and a brief statement of the facts accounting for such adjustment, (b) promptly file with the Warrant Agent and with each transfer agent for the Common Stock a copy of such certificate and (c) instruct the Warrant Agent to send a brief summary thereof to each Holder of a Warrant. The Company further agrees that it will provide the Warrant Agent with a summary of any new or amended exercise terms.

Appears in 3 contracts

Samples: Warrant Agency Agreement (DelMar Pharmaceuticals, Inc.), Warrant Agency Agreement (Biocept Inc), Warrant Agency Agreement (Biocept Inc)

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Certification of Adjusted Exercise Price or Number of Shares of Common Stock. Whenever the Exercise Price or the number of shares of Common Stock issuable upon the exercise of each Warrant is adjusted as provided in Section 11 or 13, the Company shall (a) promptly prepare a certificate setting forth the Exercise Price of each Warrant as so adjusted, and a brief statement of the facts accounting for such adjustment, (b) promptly file with the Warrant Agent and with each transfer agent for the Common Stock a copy of such certificate and (c) instruct the Warrant Agent to send a brief summary thereof to each Holder of a WarrantWarrant Certificate. The Company further agrees that it will provide the Warrant Agent with a summary of any new or amended exercise terms.

Appears in 1 contract

Samples: Warrant Agency Agreement (Skyline Medical Inc.)

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