Adjustment of Warrant Shares. Whenever the Purchase Price is adjusted pursuant to Sections 8(c), 8(e) and 8(f) above, (A) the number of Warrant Shares purchasable upon exercise of any Warrant shall be adjusted by multiplying such number of Warrant Shares by a fraction, the numerator of which is the Purchase Price immediately prior to such adjustment and the denominator of which is the Purchase Price immediately after such adjustment, and (B) the Company shall promptly mail to the Registered Holders, first class, postage prepaid, a notice of the adjustment together with a certificate from the Company's independent public accountants briefly stating the facts requiring the adjustment and the manner of computing it. The certificate shall be conclusive evidence that the adjustment is correct.
Appears in 6 contracts
Samples: Warrant Agreement (Thorn Tree Resources L L C), Warrant Agreement (Thorn Tree Resources L L C), Warrant Agreement (Emex Corp)
