Common use of Spin-Offs Clause in Contracts

Spin-Offs. In the event the Company spins-off a subsidiary by distributing to the Company's stockholders as a dividend or otherwise the stock of the subsidiary, the Company shall reserve for the life of the Warrant shares of the subsidiary to be delivered to the holders of the Warrants upon exercise to the same extent as if they were owners of record of the Warrant Shares on the record date for payment of the shares of the subsidiary.

Spin-Offs. In the event the Company spins-off a subsidiary by distributing to the Company's ’s stockholders as a dividend or otherwise the stock of the subsidiary, the Company shall reserve for the life of the Warrant shares of the subsidiary to be delivered to the holders of the Warrants upon exercise to the same extent as if they were owners of record of the Warrant Shares on the record date for payment of the shares of the subsidiary.

Spin-Offs. In the event the Company spins-off a subsidiary by distributing to the Company's ’s stockholders as a dividend or otherwise the stock of the subsidiary, the Company shall reserve for the life of the Warrant shares of the subsidiary to be delivered to the holders of the Warrants upon exercise to the same extent as if they were owners of record of the Warrant Shares Stock on the record date for payment of the shares of the subsidiary.

Spin-Offs. In the event the Company spins-off a subsidiary or stock held in another corporation as an investment by distributing to the shareholders of the Company's stockholders , as a dividend or otherwise otherwise, the stock of the subsidiarysubsidiary or other corporation, the Company shall reserve reserve, for the life of the Warrant Warrant, shares of the subsidiary or other corporation to be delivered to the holders of the Warrants upon exercise to the same extent as if they were owners of record of the Warrant Shares Stock on the record date for payment of the shares of the subsidiarysubsidiary or other corporation.

Spin-Offs. In the event the Company spins-off a subsidiary by distributing to the Company's ’s stockholders as a dividend or otherwise the stock of the subsidiary, the Company shall reserve for the life of the Warrant shares of the subsidiary to be delivered to the holders Holders of the Warrants upon exercise to the same extent as if they were owners of record of the Warrant Shares on the record date for payment of the shares of the subsidiary.

Spin-Offs. In the event the Company spins-off a subsidiary by distributing to the Company's stockholders shareholders of the Company as a dividend or otherwise the stock of the subsidiary, the Company shall reserve for the life of the Warrant shares of the subsidiary to be delivered to the holders Holders of the Warrants upon exercise to the same extent as if they were owners of record of the Warrant Shares on the record date for payment of the shares of the subsidiary.

Spin-Offs. In the event the Company spins-off a subsidiary by --------- distributing to the shareholders of the Company's stockholders , as a dividend or otherwise otherwise, the stock of the subsidiary, the Company shall reserve reserve, for the life of the Warrant Warrant, shares of the subsidiary to be delivered to the holders Holders of the Warrants upon exercise to the same extent as if they were owners of record of the Warrant Shares Stock on the record date for payment of the shares of the subsidiary.

Spin-Offs. In the event the Company spins-off a subsidiary by distributing to the Company's stockholders shareholders of the Company as a dividend or otherwise the stock of the subsidiary, the Company shall reserve for the life of the Warrant Option, shares of the subsidiary to be delivered to the holders of the Warrants Option upon exercise to the same extent as if they were owners of or record of the Warrant Shares Option shares on the record date for payment of the shares of the subsidiarySubsidiary.

Spin-Offs. In the event the Company spins-off a subsidiary by distributing to the Company's stockholders shareholders of the Company as a dividend or otherwise the stock of the subsidiary, the Company shall reserve for the life of the Warrant shares of the subsidiary to be delivered to the holders Holder of the Warrants this Warrant upon exercise to the same extent as if they such Holder were owners an owner of record of the Warrant Shares Stock on the record date for payment of the shares of the subsidiary.