Conversion Price Adjustments and Adjustments for Stock Splits and Subdivisions. In the event that APD Antiquities, Inc. should at any time or from time to time after the date of issuance hereof fix a record date for the effectuation of a split or subdivision of the outstanding shares of Common Stock or the determination of Holder of Common Stock entitled to receive a dividend or other distribution payable in additional shares of Common Stock or other securities or rights convertible into, or entitling the holder thereof to receive directly or indirectly, additional shares of Common Stock (hereinafter referred to as "Common Stock Equivalents") without payment of any consideration by such holder of the additional shares of Common Stock or the Common Stock Equivalents (including the additional shares of Common Stock issuable upon conversion or exercise thereof), then, as of such record date (or the date of such dividend distribution, split or subdivision if no record date is fixed), the Conversion Price shall be decreased or increased as may be appropriate.
Appears in 6 contracts
Samples: Promissory Note (Apd Antiquities, Inc.), Convertible Promissory Note (Apd Antiquities, Inc.), Convertible Promissory Note (Apd Antiquities, Inc.)
