Subdivisions or Combinations of Common Stock. If the Company at any time subdivides (by any stock split, stock dividend, recapitalization or otherwise) one or more classes of its outstanding shares of Common Stock into a greater number of shares, the Exercise Price in effect immediately prior to such subdivision shall be reduced proportionately, and if the Company at any time combines (by reverse stock split or otherwise) one or more classes of its outstanding shares of Common Stock into a smaller number of shares, the Exercise Price in effect immediately prior to such combination shall be increased proportionately.
Appears in 7 contracts
Samples: Series D Warrant Agreement (Xstream Systems Inc), Preferred Stock Purchase Agreement (Xstream Systems Inc), Series C Warrant Agreement (Xstream Systems Inc)
Subdivisions or Combinations of Common Stock. If In case the Company shall at any time subdivides (by any stock split, stock dividend, recapitalization or otherwise) one or more classes of its subdivide the outstanding shares of Common Stock into a greater number of shares, the Exercise Price in effect immediately prior to such subdivision shall be reduced proportionatelyproportionately reduced; and conversely, and if in case the Company at any time combines (by reverse stock split or otherwise) one or more classes of its outstanding shares of Common Stock shall be combined into a smaller number of shares, the Exercise Price in effect immediately prior to such combination shall be increased proportionatelyproportionately increased.
Appears in 1 contract
Samples: American Energy Group LTD
