Common use of Subsequent Acquisitions Clause in Contracts

Subsequent Acquisitions. If at any time after the first to occur of the closing of the transactions contemplated by the LVDGT Agreement or the ASI Agreement, while ASI is an equity holder of LVDGT or SAGC or has options, warrants or other rights to acquire equity of either or both of LVDGT and/or SAGC, either of LVDGT or SAGC offers to sell or grants, sells or issues shares of its capital stock to any of Boreta or their respective affiliates at any price or for any consideration (including, but not limited to, provision of services), Boreta shall transfer or cause to be transferred to ASI Shares so as to maintain the relative proportionate direct and indirect (by virtue of ownership of LVDGT capital stock) equity ownerships of ASI, on the one hand, and Boreta, on the other hand, in each of LVDGT and SAGC as they were immediately prior to such offer, grant, sale or issuance, assuming the consummation of such offer, grant, sale or issuance.

Appears in 3 contracts

Sources: Investment and Voting Agreement (Asi Group LLC), Voting Agreement (Asi Group LLC), Voting Agreement (Las Vegas Discount Golf & Tennis Inc)