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Re: JerryCampbell post# 457092

Tuesday, 04/05/2022 7:38:20 PM

Tuesday, April 05, 2022 7:38:20 PM

Post# of 695427
Should NWBO be acquired, the question I have is would it be possible for the buyer to assume all the obligations of the warrant and option holders and exchange warrants for shares in the buyer without the cash purchase at the exercise price? Or simply amend the warrants and options to a lower exercise price. Meaning less adjustment or even no downward adjustment in shares received in connection with a cashless purchase.

When I read the terms of the equity compensation plan, the Board seems to have Carte Blanche to amend the terms of the awards.

There is a part of me that believes the equity compensation plan was put into place in anticipation of a near term acquisition, hoping they would get out of Dodge before anyone noticed.
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