Common use of Issuance of Additional Common Stock Clause in Contracts

Issuance of Additional Common Stock. If the Corporation, at any time or from time to time after the date of this Warrant, shall issue, sell, grant, or shall fix a record date for the determination of holders of any class of securities entitled to receive, shares of Common Stock at a price per share that is less than the Exercise Price on the date the Corporation fixes the offering price of such additional shares of Common Stock (a "Dilutive Issuance") then the Exercise Price shall be reduced as of such date, to a price equal to the lowest price per share received or to be received by the Corporation in such Dilutive Issuance.

Appears in 4 contracts

Samples: Warrant Agreement (Cal-Bay International Inc), Warrant Agreement (Cal-Bay International Inc), Warrant Agreement (Cal-Bay International Inc)

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Issuance of Additional Common Stock. If the Corporation, at any time or from time to time after the date of this Warrant, shall issue, sell, grant, or shall fix a record date for the determination of holders of any class of securities entitled to receive, shares of Common Stock at a price per share that is less than the Exercise Price on the date the Corporation fixes the offering price of such additional shares of Common Stock (a "β€œDilutive Issuance"”) then the Exercise Price shall be reduced as of such date, to a price equal to the lowest price per share received or to be received by the Corporation in such Dilutive Issuance.

Appears in 1 contract

Samples: Warrant Agreement (Future Now Group Inc.)

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