Common use of Notice to Holder of Adjustment Clause in Contracts

Notice to Holder of Adjustment. Whenever the number of shares of Warrant Stock or the Exercise Price is adjusted as herein provided, the Company shall cause to be mailed to the Holder a notice (i) stating that the number of shares of Warrant Stock have been adjusted, (ii) setting forth the adjusted number of shares of Warrant Stock, (iii) the Exercise Price, as adjusted, and (iv) showing in reasonable detail the computations and the facts, including the amount of consideration received or deemed to have been received by the Company, upon which such adjustments are based.

Appears in 4 contracts

Samples: Roughneck Supplies Inc., Roughneck Supplies Inc., Roughneck Supplies Inc.

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