Common use of Reclassification, Reorganization and Consolidation Clause in Contracts

Reclassification, Reorganization and Consolidation. In the event of any reclassification, capital reorganization or change in the Common Stock, other than as a result of an event provided for in (a) above, then, as a condition of such transaction, the Holder shall have the right at any time prior to the expiration of this Warrant to purchase, at a total price equal to that payable upon the exercise of this Warrant, the kind and amount of shares of stock and other securities and property receivable in connection with the applicable transaction by a holder of the same number of shares of Common Stock as were purchasable by the Holder immediately prior to the transaction. In any such case appropriate provisions shall be made with respect to the rights and interest of the Holder so that this provision shall thereafter be applicable with respect to any Securities deliverable upon exercise of this Warrant, and appropriate adjustments shall be made to the Exercise Price; provided that the aggregate purchase price shall remain the same.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Chapeau Inc), Stock Purchase Agreement (Chapeau Inc)

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Reclassification, Reorganization and Consolidation. In the event of any reclassification, capital reorganization or change in the Common Stock, other than as a result of an event provided for in (a) Section 8.1 above, then, as a condition of such transaction, the Holder Optionee shall have the right at any time prior to the expiration of this Warrant Option to purchase, at a total price equal to that payable upon the exercise of this WarrantOption, the kind and amount of shares of stock and other securities and property receivable in connection with the applicable transaction by a holder of the same number of shares of Common Stock as were purchasable by the Holder Optionee immediately prior to the transaction. In any such case appropriate provisions shall be made with respect to the rights and interest of the Holder Optionee so that this provision shall thereafter be applicable with respect to any Securities securities deliverable upon exercise of this WarrantOption, and appropriate adjustments shall be made to the Exercise Price; provided that the aggregate purchase price shall remain the same.

Appears in 2 contracts

Samples: Joint Venture Agreement (Chapeau Inc), Secured Promissory Note (Chapeau Inc)

Reclassification, Reorganization and Consolidation. In the event of any reclassification, capital reorganization or change in the Common Stock, other than as a result of an event provided for in (a) above, then, as a condition of such transaction, the Holder shall have the right at any time prior to the expiration of this Warrant to purchase, at a total price equal to that payable upon the exercise of this Warrant, the kind and amount of shares of stock and other securities and property receivable in connection with the applicable transaction by a holder of the same number of shares of Common Stock as were purchasable by the Holder immediately prior to the transaction. In any such case appropriate provisions shall be made with respect to the rights and interest of the Holder so that this provision shall thereafter be applicable with respect to any Securities securities deliverable upon exercise of this Warrant, and appropriate adjustments shall be made to the Exercise Price; provided that the aggregate purchase price shall remain the same.

Appears in 1 contract

Samples: Joint Venture Agreement (Chapeau Inc)

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Reclassification, Reorganization and Consolidation. In the event of any reclassification, capital reorganization or change in the Common Stock, or a merger or consolidation of the Company with or into another corporation, other than as a result of an event provided for in (a) above, then, as a condition of such transaction, the Holder shall have the right at any time prior to the expiration of this Warrant to purchase, at a total price equal to that payable upon the exercise of this Warrant, the kind and amount of shares of stock and other securities and property receivable in connection with the applicable transaction by a holder of the same number of shares of Common Stock as were purchasable by the Holder immediately prior to the transaction. In any such case appropriate provisions shall be made with respect to the rights and interest of the Holder so that this provision shall thereafter be applicable with respect to any Securities securities deliverable upon exercise of this Warrant, and appropriate adjustments shall be made to the Exercise Price; provided that the aggregate purchase price shall remain the same.

Appears in 1 contract

Samples: Warrant Agreement (Chapeau Inc)

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