Common use of Important Notice regarding Ownership Limitations Clause in Contracts

Important Notice regarding Ownership Limitations. This Subscription and Exercise Notice is governed by Article V of the Plan Warrant Agreement and is a specific representation by the Undersigned that, after giving effect to this Exercise Notice, (i) the Warrant Holder and its Affiliates will not beneficially own in excess of 4.99% of the outstanding Shares of the Issuer and (ii) the Warrant Holder will not have acquired, through exercise of this Plan Warrant or otherwise, a number of Shares that, when added to the number of Shares beneficially owned by the Warrant Holder at the beginning of the 60-day period ending on and including the applicable date of exercise of these Plan Warrants, is in excess of 4.99% of the outstanding Shares of an Issuer.

Appears in 6 contracts

Samples: Plan Warrant Agreement (Asia Leechdom Holding Corp), Plan Warrant Agreement (China Special Fiber, Inc), Plan Warrant Agreement (China Golden Dragon Travel Group)

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