Common use of Reclassification of Shares Clause in Contracts

Reclassification of Shares. If the Company at any time shall, by combination, reclassification, exchange or subdivision of securities or otherwise, change all of the outstanding shares of Common Stock into the same or a different number of securities of any other class or classes, this Warrant Agreement shall thereafter represent the right to acquire such number and kind of securities as would have been issuable hereunder had the Warrantholder exercised its rights with respect to all of the shares then represented by this Warrant Agreement immediately prior to such combination, reclassification, exchange, subdivision or other change.

Appears in 9 contracts

Samples: Warrant Agreement (Microislet Inc), Warrant Agreement (Microislet Inc), Warrant Agreement (Microislet Inc)

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Reclassification of Shares. If the Company at any time shall, by combination, reclassification, exchange or subdivision of securities or otherwise, change all of the outstanding shares of Common Stock into the same or a different number of securities of any other class or classes, this Warrant Agreement shall thereafter represent the right to acquire such number and kind of securities as would have been issuable hereunder had the Warrantholder exercised its rights with respect to all of the shares then represented by this Warrant Agreement immediately prior to such combination, reclassification, exchange, subdivision or other change.

Appears in 6 contracts

Samples: Warrant Agreement (Microislet Inc), Warrant Agreement (Microislet Inc), Warrant Agreement (Microislet Inc)

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Reclassification of Shares. If the Company at any time shall, by combination, reclassification, exchange or subdivision of securities or otherwise, change all of the outstanding shares of Common Stock into the same or a different number of securities of any other class or classes, this Warrant Agreement shall thereafter represent the right to acquire such number and kind of securities as would have been issuable hereunder had the Warrantholder exercised its rights with respect to all of the shares Shares then represented by this Warrant Agreement immediately prior to such combination, reclassification, exchange, subdivision or other change.

Appears in 2 contracts

Samples: Warrant Agreement (Microislet Inc), Warrant Agreement (Microislet Inc)

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