Reading 4.13 a couple of things come to mind. the first is that the first approach simple meaning of the paragraph seems to be so obvious and intended that LP and LG perhaps meant this as a signal to shareholders saying that do not worry about any dilution before June 30 - we have got this (some other means of funding on June 20) pr we would not have agreed to this clause in the first place.
I imagine that "Common Stock Equivalents" means any other vehicle that is convertible to common stock such as convertible bonds or preferred shares etc.
I am not clear on what the phrase "Exempt Issuances" refers to. Anyone have any idea?
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