Notices to Holder. (a) Upon any adjustment of this Option pursuant to this Section 2, the Company shall promptly thereafter (i) cause a certificate to be executed by the Company setting forth the Exercise Price after such adjustment and setting forth in reasonable detail the method of calculation and the facts upon which such calculations are based and setting forth the number of Option Shares issuable after such adjustment in the Exercise Price, upon exercise of the Option in full and payment of the adjusted Exercise Price, which certificate shall be conclusive evidence of the correctness of the matters set forth therein, and (ii) notify the Holder of such adjustments by sending it a copy of the certificate referenced in the preceding clause (i). Where appropriate, such notice may be given in advance.
Appears in 5 contracts
Samples: Purchase Common Stock (Bitzio, Inc.), Purchase Common Stock (Bitzio, Inc.), Bitzio, Inc.
