Increases or Decreases in Exercise Shares. If, at any time after issuance of this Shadow Warrant, the number of Exercise Shares shall have been increased or decreased pursuant to the provisions of the Subject Warrants, then the Warrant Shares shall likewise be increased or reduced on a proportionate basis so that the Warrantholder shall be entitled to exercise this Shadow Warrant for Warrant Shares in an amount equal to the number of Exercise Shares, as increased or decreased at the time of such increase or reduction.
Appears in 4 contracts
Samples: Shadow Warrant Agreement (Blackhawk Investors LLC), A Shadow Warrant Agreement (Blackhawk Investors LLC), Shadow Warrant Agreement (Blackhawk Investors LLC)