The Grudge got it…and to take out the “legal gobbly gook” it reads like this:
“Section 4.4 Other Events - If any event occurs …(that)…would not, …..fairly and adequately protect the purchase rights of the Holders of the Warrants in accordance with the essential intent and principles of such provisions, then the Board may make (and only then), ……such adjustments to …. Article IV, in accordance with such essential intent and principles,…….. to protect such purchase rights as aforesaid