Common use of Stock Options, Warrants and Convertible Securities Clause in Contracts

Stock Options, Warrants and Convertible Securities. The -------------------------------------------------- adjustment provisions of this Section 2 do not and will not operate to affect any adjustment of any shares of Common Stock granted to employees of the Company through stock options issued pursuant to any Company Stock Option Plan of the Company in effect as of the date hereof; the provisions of this Section 2 shall not affect any (i) warrants granting the right to purchase shares of Common Stock outstanding as of the date hereof or (ii) securities convertible into shares of Common Stock existing or in effect as of the date hereof. Exhibit C, attached hereto, contains a complete schedule of all stock options or awards that have been issued pursuant to any Company Stock Option Plan and any warrants or convertible securities issued as of the date hereof. All other options, warrants, convertible securities or other debt or equity instruments of the Company existing as of the date hereof or issued at any time hereafter shall be subject to the adjustment provisions of this Section 2.

Appears in 4 contracts

Samples: Common Stock Purchase Warrant (Polyphase Corp), Common Stock Purchase Warrant (Polyphase Corp), Common Stock Purchase Warrant (Polyphase Corp)

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