Common use of Reorganization, Recapitalization, etc Clause in Contracts

Reorganization, Recapitalization, etc. In the event of a capital reorganization or a reclassification of the Stock (except as provided in Subsection 4.1 or Subsection 4.4), the holder of this Option, upon exercise thereof, shall be entitled to receive, in lieu of the Stock to which he would have become entitled upon exercise immediately prior to such reorganization or reclassification, the shares (of any class or classes) or other Option Securities or property of the Company (or cash) that the Holder would have been entitled to receive at the same Exercise Price upon such reorganization or reclassification if this Option had been exercised immediately prior thereto; and in any such case, appropriate provision shall be made for the application of this Section 4 with respect to the rights and interests thereafter of the Holder of this Option (including, but not limited to, the allocation of the Exercise Price between or among the Option Securities), to the end that this Section 4 (including the adjustments of the number of shares of Stock or other Option Securities purchasable) shall thereafter be reflected, as nearly as reasonably practicable, in all subsequent exercises of this Option for any shares or other Option Securities or other property (or cash) thereafter deliverable upon the exercise of this Option.

Reorganization, Recapitalization, etc. In the event of a capital reorganization or a reclassification of the Precis Common Stock (except as provided in Subsection 4.1 5.1 or Subsection 4.45.4), the holder of this OptionHolder, upon exercise thereofof the Warrant, shall be entitled to receive, in lieu of the Stock to which he that the Holder would have become entitled upon exercise immediately prior to such reorganization or reclassification, the shares (of any class or classes) or other Option Warrant Securities or property of the Company Precis (or cash) that the Holder would have been entitled to receive at the same Exercise Price upon such reorganization or reclassification if this Option the Warrant had been exercised immediately prior thereto; and in any such case, appropriate provision shall be made for the application of this Section 4 5 with respect to the rights and interests thereafter of the Holder of this Option (including, but not limited to, the allocation of the Exercise Price between or among the Option Warrant Securities), to the end that this Section 4 5 (including the adjustments of the number of shares of Stock or other Option Warrant Securities purchasableacquirable) shall thereafter be reflected, as nearly as reasonably practicable, in all subsequent exercises of this Option the Warrant for any shares or other Option Warrant Securities or other property (or cash) thereafter deliverable upon the exercise of this Optionthe Warrant.

Reorganization, Recapitalization, etc. In the event of a capital reorganization or a reclassification of the Stock (except as provided in Subsection 4.1 or Subsection 4.4), the holder Holder of this Option, upon exercise thereof, shall be entitled to receive, in lieu of the Stock to which he would have become entitled upon exercise immediately prior to such reorganization or reclassification, the shares (of any class or classes) or other Option Securities or property of the Company (or cash) that the Holder would have been entitled to receive at the same Exercise Price upon such reorganization or reclassification if this Option had been exercised immediately prior thereto; and in any such case, appropriate provision shall be made for the application of this Section 4 with respect to the rights and interests thereafter of the Holder of this Option (including, but not limited to, the allocation of the Exercise Price between or among the Option Securities),), to the end that this Section 4 (including the adjustments of the number of shares of Stock or other Option Securities purchasable) shall thereafter be reflected, as nearly as reasonably practicable, in all subsequent exercises of this Option for any shares or other Option Securities or other property (or cash) thereafter deliverable upon the exercise of this Option.

Reorganization, Recapitalization, etc. In the event of a capital reorganization or a reclassification of the Stock (except as provided in Subsection 4.1 or Subsection 4.4), the holder Holder of this Option, upon exercise thereof, shall be entitled to receive, in lieu of the Stock to which he would have become entitled upon exercise immediately prior to such reorganization or reclassification, the shares (of any class or classes) or other Option Securities or property of the Company (or cash) that the Holder would have been entitled to receive at the same Exercise Price upon such reorganization or reclassification if this Option had been exercised immediately prior thereto; and in any such case, appropriate provision shall be made for the application of this Section 4 with respect to the rights and interests thereafter of the Holder of this Option (including, but not limited to, the allocation of the Exercise Price between or among the Option Securities), to the end that this Section 4 (including the adjustments of the number of shares of Stock or other Option Securities purchasable) shall thereafter be reflected, as nearly as reasonably practicable, in all subsequent exercises of this Option for any shares or other Option Securities or other property (or cash) thereafter deliverable upon the exercise of this Option.

Reorganization, Recapitalization, etc. In the event of a capital reorganization or a reclassification of the Stock (except as provided in Subsection 4.1 or Subsection 4.4), the holder Holder of this Optionthe Warrants, upon exercise thereof, shall be entitled to receive, in lieu of the Stock to which he would have become entitled upon exercise immediately prior to such reorganization or reclassification, the shares (of any class or classes) or other Option Warrant Securities or property of the Company (or cash) that the Holder would have been entitled to receive at the same Exercise Price upon such reorganization or reclassification if this Option the Warrants had been exercised immediately prior thereto; and in any such case, appropriate provision shall be made for the application of this Section 4 with respect to the rights and interests thereafter of the Holder of this Option the Warrants (including, but not limited to, the allocation of the Exercise Price between or among the Option Warrant Securities), to the end that this Section 4 (including the adjustments of the number of shares of Stock or other Option Warrant Securities purchasable) shall thereafter be reflected, as nearly as reasonably practicable, in all subsequent exercises of this Option the Warrants for any shares or other Option Warrant Securities or other property (or cash) thereafter deliverable upon the exercise of this Optionthe Warrants.