Reduction of capital. The Company will not reduce the number of its outstanding shares of common stock by purchase or otherwise, if by doing so the percentage of its shares of common stock owned by the Investor as a result would exceed 9.9% of the total outstanding shares of common stock.
Appears in 4 contracts
Samples: Stock Purchase Agreement (Spongetech Delivery Systems Inc), Stock Purchase Agreement (Texxar Inc), Stock Purchase Agreement (Wilon Energy Group Inc)