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Re: CL101 post# 13105

Friday, 01/05/2018 6:55:48 AM

Friday, January 05, 2018 6:55:48 AM

Post# of 41469
CL, if I am reading it correctly, the change of control clause is intriguing as it essentially forces any note holders who may conceive of a path to M&A to convert their more to shares regardless of their warrant price. They risk missing the big payoff if they don't.

Of particular interest is the last item: instance (e), which states that a binding agreement by the company with another entity will suffice as an acceptable event to trigger a change of control as would any other previously mentioned instance (a) through (d), all of which are the more obvious and clear changes of control.

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