Reset Equity Deals. On or prior to the Closing Date, the Company will cause to be cancelled any and all reset features related to any shares outstanding that could result in additional shares being issued. For a period of five years from the closing the Company will not enter into any transactions that have any reset features that could result in additional shares being issued.
Reset Equity Deals. On or prior to the Closing Date, the Company will cause to be cancelled any and all reset features related to any shares outstanding that could result in additional shares being issued. For a period of three years from the closing the Company will not enter into any transactions that have any reset features that could result in additional shares being issued. For purposes of this Section 6.9, a reset provision for a convertible security or derivative security shall mean a provision whereby the issuance of securities at a lower price or having a lower conversion or exercise price will result in the conversion or exercise price of the security being reduced to the lower price or lower conversion or exercise price or more shares being issued, as the case may be or which have a conversion or exercise price that is based on the market price at the time of conversion or exercise or any other device which results in an adjustment to the exercise price or conversion price of the above mentioned securities in section 6.9 other than stock dividends, stock splits, stock distributions, combination of shares, reverse splits, and other recapitalizations, as long as they effect all stockholders appropriately.
Reset Equity Deals. On or prior to the Closing Date, the Company will cause to be cancelled any and all reset features related to any shares outstanding that could result in additional shares being issued. For a period of three years from the closing the Company will not enter into any transactions that have any reset features that could result in additional shares being issued.
Reset Equity Deals. For a period of three years from the Closing, the Company will not enter into any transactions that have any reset features that could result in additional shares being issued.
Reset Equity Deals. From and afterthe Closing Date and continuing for a period of two (2) years thereafter, the Company will not issue any shares of Common Stock of the Company other than for a fixed price at the time of issuance of such shares of Common Stock, except in the case of normal adjustments which may include anti-dilution provisions, among other things, but which shall not include in any case any adjustments to the issued shares of Common Stock which require the issuance of additional shares of Common Stock during that time based on the market price of the Common Stock.
Reset Equity Deals. On or prior to the Closing Date, the Company will cause to be cancelled any and all reset features related to any securities outstanding that could result in additional securities being issued. For a period of 24 months from the Closing the Company will not enter into any transactions that have any reset features that could result in additional securities being issued. NOTE PURCHASE AGREEMENT BETWEEN CHINA FOR-GEN CORPORATION AND INVESTORS LISTED IN SCHEDULE A
Reset Equity Deals. On or prior to the Closing Date, the Company will cause to be cancelled any and all reset features related to any shares outstanding that could result in additional shares being issued. The Company will not enter into any transactions that have any reset features that could result in additional shares being issued. For purposes of this Section 6.8, a reset provision for a convertible security shall mean a provision whereby the issuance of securities at a lower price or having a lower conversion or exercise price will result in the conversion or exercise price of the security being reduced to the lower price or lower conversion or exercise price or more shares being issued, as the case may be. The Company may not enter into any transactions pursuant to which it issues convertible securities that have a conversion or exercise price that is based on the market price at the time of conversion or exercise.
Reset Equity Deals. On or prior to the Closing Date, the Company will cause to be cancelled any and all reset features related to any shares outstanding that could result in additional shares being issued. Until the later of (a) three years from the Closing or (b) such date as the Investor shall have converted the Series A Preferred Stock into not less than 95% of the Shares issuable upon conversion of all of the Series A Preferred Stock and sold the underlying Shares or (c) such date as the Investor shall have transferred the Series A Preferred Stock which are convertible into an aggregate of not less than 95% of the Shares issuable upon such conversion of all of the shares of Series A Preferred Stock, the Company will not enter into any transactions that have any reset features that could result in additional shares being issued. For purposes of this Section 6.9, a reset provision for a convertible security or derivative security shall mean a provision (a) whereby the issuance of securities at a lower price or having a lower conversion or exercise price will result in the conversion or exercise price of the security being reduced to the lower price or lower conversion or exercise price or more shares being issued, as the case may be, or (b) which provide that the conversion or exercise price is based on the market price at the time of conversion or exercise or (c) any other device which results in an adjustment to the exercise price or conversion price of the securities other than stock dividends, stock splits, stock distributions, combination of shares, reverse splits, and other recapitalizations, as long as they effect all stockholders appropriately. SECURITIES PURCHASE AGREEMENT
Reset Equity Deals. On or prior to the Closing Date, the Company will cause to be cancelled any and all reset features related to any shares outstanding that could result in additional shares being issued. For a period of two years from the Closing or such earlier time as Investor holds less than 10% of the Shares or a Convertible Security convertible into less than 10% of the Shares the Company will not enter into any transactions that have any reset features that could result in additional shares being issued. For the purpose of this Agreement, a "reset feature" is a provision that would cause the contract to qualify as a Variable Rate Transaction (as defined in Section 6.17).
Reset Equity Deals. At such time as the Investor has exercised warrants sufficient to provide the Company with proceeds from such exercises in excess of $10 million , the Company shall cause to be cancelled any and all reset features related to any shares outstanding that could result in additional shares being issued. For a period of three years from the closing the Company will not enter into any transactions that have any reset features that could result in additional shares being issued, without the consent of the Investor.
