Common use of Flip-over Clause in Contracts

Flip-over. If the Corporation is acquired in a merger or other business combination transaction or fifty percent (50%) or more of its consolidated assets or earning power are sold after a person or group becomes an Acquiring Person, each holder of a Right (other than Rights beneficially owned by the Acquiring Person, which will be void) will thereafter have the right to receive for each Right that number of shares of common stock of the acquiring company which at the time of such transaction will have a market value of two (2) times the exercise price of the Right. Distribution Date

Flip-over. If the Corporation is acquired in a merger or other business combination transaction or fifty percent (50%) % or more of its consolidated assets or earning power are sold after a person or group becomes an Acquiring Person, each holder of a Right (other than Rights beneficially owned by the Acquiring Person, which will be void) will thereafter have the right to receive for each Right that number of shares of common stock of the acquiring company which at the time of such transaction will have a market value of two (2) 2 times the exercise price of the Right. Distribution Date

Flip-over. If In the Corporation event that the Company is acquired in a merger or other business combination transaction or fifty percent (50%) % or more of its consolidated assets or earning power are sold after a person or group becomes has become an Acquiring Person, proper provision will be made so that each holder of a Right (other than Rights beneficially owned by the Acquiring Person, which will be void) will thereafter have the right to receive for each Right receive, upon the exercise thereof at the then current exercise price of the Right, that number of shares of common stock of the acquiring company which at the time of such transaction will have a market value of two (2) times the exercise price of the Right. Distribution Date.

Flip-over. If In the Corporation event that the Company is acquired in a merger or other business combination transaction or fifty percent (50%) % or more of its consolidated assets or earning power are sold after a person or group becomes has become an Acquiring Person, proper provision will be made so that each holder of a Right (other than Rights beneficially owned by the Acquiring Person, which will be void) will thereafter have the right to receive for each Right receive, upon the exercise thereof at the then current Purchase Price, that number of shares of common stock of the acquiring company which at the time of such transaction will have a market value of two (2) times the exercise price of the Right. Distribution DatePurchase Price.

Flip-over. If In the Corporation event that the Company is acquired in a merger or other business combination transaction or fifty percent (50%) % or more of its consolidated assets or earning power are sold after a person or group becomes has become an Acquiring Person, proper provision will be made so that each holder of a Right (other than Rights beneficially owned by the Acquiring Person, which will be void) will thereafter have the right to receive for each Right receive, upon the exercise thereof at the then-current exercise price of the Right, that number of shares of common stock of the acquiring company company, which at the time of such transaction will have has a market value of two (2) times the exercise price of the Right. Distribution Date.

Flip-over. If the Corporation Company is acquired in a merger or other business combination transaction or fifty percent (50%) % or more of its consolidated assets or earning power are sold after a person or group becomes has become an Acquiring Person, each holder of a Right (other than Rights beneficially owned by the Acquiring Person, which will be null and void) will thereafter have the right to receive for each Right that number of shares of common stock of the acquiring company which at the time of such transaction will have a market value of two (2) times the exercise price of the Right. Distribution Date.

Flip-over. If In the Corporation event that the Company is acquired in a merger or other business combination transaction or fifty percent (50%) % or more of its consolidated assets or earning power are sold after a person or group becomes has become an Acquiring Person, proper provision will be made so that each holder of a Right (other than Rights beneficially owned by the Acquiring Person, which will be void) will thereafter have the right to receive for each Right receive, upon the exercise thereof at the then-current exercise price of the Right, that number of ordinary or common shares of common stock of the acquiring company company, which at the time of such transaction will have has a market value of two (2) times the exercise price of the Right. Distribution Date.