Dilution Principles    New Clause Samples

Dilution Principles    New. Common Stock issued on the Effective Date pursuant to the Plan shall be subject to dilution of up to: (i) eight percent (8%) by shares of New Common Stock issued pursuant to the exercise of the Series A Warrants; (ii) one and a half percent (1.5%) by shares of New Common Stock issued pursuant to the exercise of the Series B Warrants; (iii) an uncapped amount by shares of New Common Stock issued pursuant to the CVR Agreement; and (iv) ten percent (10%) by shares issued pursuant to the Management Incentive Plan. New Common Stock issued pursuant to the exercise of the Series A Warrants will be subject to dilution of up to: (i) one and a half percent (1.5%) by shares of New Common Stock issued pursuant to the exercise of the Series B Warrants; (ii) an uncapped amount by shares of New Common Stock issued pursuant to the CVR Agreement; and (iii) ten percent (10%) by shares of New Common Stock issued pursuant to the Management Incentive Plan.