Common use of NO ADJUSTMENT OF SERIES B CONVERSION PRICE Clause in Contracts

NO ADJUSTMENT OF SERIES B CONVERSION PRICE. No adjustment in the Series B Conversion Price shall be made as the result of the issuance or deemed issuance of Additional Shares of Common Stock if the Corporation receives written notice from the holders of at least sixty percent (60%) of the then outstanding shares of Series B Preferred Stock agreeing that no such adjustment shall be made as the result of the issuance or deemed issuance of such Additional Shares of Common Stock.

Appears in 1 contract

Samples: Stock Purchase Agreement (Planet Technologies, Inc)

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NO ADJUSTMENT OF SERIES B CONVERSION PRICE. No adjustment in the Series B Conversion Price shall be made as the result of the issuance or deemed issuance of Additional Shares of Common Stock if the Corporation receives written notice from the holders of at least sixty percent (60%) a majority of the then outstanding shares of Series B Preferred Stock agreeing that no such adjustment shall be made as the result of the issuance or deemed issuance of such Additional Shares of Common Stock.

Appears in 1 contract

Samples: Stock Purchase Agreement (Planet Technologies, Inc)

NO ADJUSTMENT OF SERIES B CONVERSION PRICE. No adjustment in the Series B Conversion Price shall be made as the result of the issuance or deemed issuance of Additional Shares of Common Stock if the Corporation receives written notice from the holders of at least sixty percent (60%) consent of the then outstanding shares of Series B Preferred Stock Director (if any) agreeing that no such adjustment shall be made as the result of the issuance or deemed issuance of such Additional Shares of Common Stock.

Appears in 1 contract

Samples: Securities Purchase Agreement (MyDx, Inc.)

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NO ADJUSTMENT OF SERIES B CONVERSION PRICE. No adjustment in the Series B Conversion Price shall be made as the result of the issuance or deemed issuance of Additional Shares of Common Stock if the Corporation receives written notice from the holders of at least sixty fifty percent (6050%) of the then outstanding shares of Series B Preferred Stock agreeing that no such adjustment shall be made as the result of the issuance or deemed issuance of such Additional Shares of Common Stock.

Appears in 1 contract

Samples: Certificate of Incorporation (Capstone Therapeutics Corp.)

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