Significant Corporate Actions. In addition to any voting and other requirements imposed by the Articles of Incorporation, Bylaws and applicable law, any Significant Corporate Action must be approved by the affirmative vote of at least a majority of the outstanding shares of Common Stock. Additionally, any other matter that may be considered by the Board of Directors on which the Board of Directors is deadlocked shall be submitted to a vote of the holders of the outstanding shares of Common Stock for determination.
Significant Corporate Actions. (A) without the prior written consent of Apollo, the Company winds up, liquidates or dissolves its affairs or enters into any transaction of merger or consolidation involving, or conveys, sells, leases or otherwise disposes of, all or substantially all of its assets (or agrees to do any of the foregoing at any future time), whether in a single transaction or a series of related transactions (or puts to a shareholder vote a proposal to take any of the foregoing actions), except that the Company and its subsidiaries may transfer assets among themselves (each an "Extraordinary Transaction"),
(B) without the prior written consent of Apollo, the Company or any of its subsidiaries enters into an agreement for, or takes corporate action to approve, the purchase, acquisition, sale, development or disposition of (1) property or assets in one or a series of related transactions that has a fair market value in excess $30,000,000 or (2) stock of another entity in one or a series of related transactions in which the underlying assets of such entity have a fair market value in excess $30,000,000, or
(C) without the prior written consent of Apollo, the Company or any of its subsidiaries enters into an agreement for, or takes corporate action to approve, the issuance of shares of Common Stock in one or a series of related issuances to any person or "group" (within the meaning of Rule 13d-5(b)(1) under the Exchange Act) in an amount exceeding 9.8% of the total number of outstanding shares of Common Stock; or
Significant Corporate Actions. In the event of material corporate actions, including but not limited to mergers, acquisitions, or leveraged buyouts, PXBT may take protective measures deemed necessary, which may include: ● Suspending or halting trading on the affected instrument. ● Adjusting margin requirements at its discretion. ● Limiting the client’s exposure to the relevant financial instruments. ● Closing positions if the instrument ceases to be traded on its original venue or exchange.
