Common use of Holdings Fully-Diluted Common Stock and Participation in Equity Financings Clause in Contracts

Holdings Fully-Diluted Common Stock and Participation in Equity Financings. (a) Each of the Parties hereto does hereby acknowledge that the term (i) “Holdings Fully Diluted Common Stock” as set forth in the Purchase Agreement does not mean or include any Common Stock or Common Stock Equivalents issued or issuable in connection with any one or more debt or equity financings for Holdings, an Issuer, or any member of the High Times Group following the Closing Date under the Purchase Agreement, and (ii) as at the Closing Date under the Purchase Agreement such Holdings Fully-Diluted Common Stock consisted of 10,000,000 shares of Class A Common Stock.