Common use of Substitute Purchase Warrant Clause in Contracts

Substitute Purchase Warrant. In case of any merger or consolidation of the Company with or into another corporation (other than a merger or consolidation which does not result in any reclassification or change of the outstanding Shares), the corporation formed by such merger or consolidation shall execute and deliver to the Holder a supplemental Purchase Warrant providing that the holder of each Purchase Warrant then outstanding or to be outstanding shall have the right thereafter (until the stated expiration of such Purchase Warrant) to receive, upon exercise of such Purchase Warrant, the kind and amount of shares of stock and other securities and property receivable upon such merger or consolidation, by a holder of the number of Shares of the Company for which such Purchase Warrant might have been exercised immediately prior to such merger or consolidation, sale or transfer. Such supplemental Purchase Warrant shall provide for adjustments which shall be identical to the adjustments provided for in this Section 6. The above provision of this Section shall similarly apply to successive mergers or consolidations.

Substitute Purchase Warrant. In case of any merger consolidation of the Company with, or consolidation share reconstruction or amalgamation of the Company with or into into, another corporation (other than a merger consolidation or consolidation share reconstruction or amalgamation which does not result in any reclassification or change of the outstanding Shares), the corporation formed by such merger consolidation or consolidation share reconstruction or amalgamation shall execute and deliver to the Holder a supplemental Purchase Warrant providing that the holder of each Purchase Warrant then outstanding or to be outstanding Holder shall have the right thereafter (until the stated expiration of such Purchase Warrant) to receive, upon exercise of such Purchase Warrant, the kind and amount of shares of stock and other securities and property receivable upon such merger consolidation or consolidationshare reconstruction or amalgamation, by a holder of the number of Shares of the Company for which such Purchase Warrant might have been exercised immediately prior to such merger or consolidation, sale share reconstruction or transferamalgamation. Such supplemental Purchase Warrant shall provide for adjustments which shall be identical to the adjustments provided for in this Section 6. The above provision of this Section shall similarly apply to successive mergers consolidations or consolidationsshare reconstructions or amalgamations.

Substitute Purchase Warrant. In case of any merger such reorganization, reclassification, merger, consolidation or consolidation disposition of the Company with or into another corporation assets described in Section 6.1.2 (other than a merger or consolidation which does not result in any reclassification or change of the outstanding Sharesan “Extraordinary Transaction”), the corporation formed by such merger Company shall cause the successor or consolidation shall acquiring Person to execute and deliver to the Holder a supplemental Purchase Warrant providing that the holder Holder of each Purchase Warrant then outstanding or to be outstanding shall have the right thereafter (until the stated expiration of such Purchase Warrant) to receive, upon exercise of such Purchase Warrant, the kind and amount of shares of stock and other securities and property receivable upon such merger or consolidationExtraordinary Transaction, by a holder of the number of Shares of the Company for which such Purchase Warrant might have been exercised immediately prior to such merger or consolidation, sale or transferExtraordinary Transaction. Such supplemental Purchase Warrant shall provide for adjustments which shall be identical to the adjustments provided for in this Section 6. The above provision foregoing provisions of this Section 6 shall similarly apply to successive mergers reorganizations, reclassifications, mergers, consolidations or consolidationsdisposition of assets.