Common use of Flip-over Clause in Contracts

Flip-over. In the event that the Company is acquired in a merger or other business combination transaction or 50% or more of its consolidated assets or earning power are sold after a person or group has become an Acquiring Person, proper provision will be made so that each holder of a Right will thereafter have the right to receive, upon the exercise thereof at the then current exercise price of the Right, that number of shares of common stock of the acquiring company which at the time of such transaction will have a market value of two times the exercise price of the Right.

Flip-over. In If the event that the Company Corporation is acquired in a merger or other business combination transaction or fifty percent (50% %) or more of its consolidated assets or earning power are sold after a person or group has become becomes an Acquiring Person, proper provision will be made so that each holder of a Right (other than Rights beneficially owned by the Acquiring Person, which will be void) will thereafter have the right to receive, upon the exercise thereof at the then current exercise price of the Right, receive for each Right that number of shares of common stock of the acquiring company which at the time of such transaction will have a market value of two (2) times the exercise price of the Right.. Distribution Date

Flip-over. In If the event that the Company Corporation is acquired in a merger or other business combination transaction or 50% or more of its consolidated assets or earning power are sold after a person or group has become becomes an Acquiring Person, proper provision will be made so that each holder of a Right (other than Rights beneficially owned by the Acquiring Person, which will be void) will thereafter have the right to receive, upon the exercise thereof at the then current exercise price of the Right, receive for each Right that number of shares of common stock of the acquiring company which at the time of such transaction will have a market value of two 2 times the exercise price of the Right.. Distribution Date

Flip-over. In the event that the Company is acquired in a merger or other business combination transaction or 50% or more of its consolidated assets or earning power are sold after a person or group has become an Acquiring Person, proper provision will be made so that each holder of a Right will thereafter have the right to receive, upon the exercise thereof at the then then-current exercise price of the Right, that number of shares of common stock of the acquiring company company, which at the time of such transaction will have has a market value of two times the exercise price of the Right.

Flip-over. In the event that the Company is acquired in a merger or other business combination transaction or 50% or more of its consolidated assets or earning power are sold after a person or group has become an Acquiring Person, proper provision will be made so that each holder of a Right will thereafter have the right to receive, upon the exercise thereof at the then current exercise price of the RightPurchase Price, that number of shares of common stock of the acquiring company which at the time of such transaction will have a market value of two times the exercise price of the RightPurchase Price.

Flip-over. In the event that If the Company is acquired in a merger or other business combination transaction or 50% or more of its consolidated assets or earning power are sold after a person or group has become an Acquiring Person, proper provision will be made so that each holder of a Right (other than Rights beneficially owned by Acquiring Person, which will be null and void) will thereafter have the right to receive, upon the exercise thereof at the then current exercise price of the Right, receive that number of shares of common stock of the acquiring company which at the time of such transaction will have a market value of two times the exercise price of the Right.

Flip-over. In the event that the Company is acquired in a merger or other business combination transaction or 50% or more of its consolidated assets or earning power are sold after a person or group has become an Acquiring Person, proper provision will be made so that each holder of a Right will thereafter have the right to receive, upon the exercise thereof at the then then-current exercise price of the Right, that number of ordinary or common shares of common stock of the acquiring company company, which at the time of such transaction will have has a market value of two times the exercise price of the Right.