definiens: ( together with his, her or its Affiliates ) or ( within the meaning of Section 13(d ) or 14(d ) of the Securities Exchange Act of 1934, as amended ( the ) ) directly or indirectly, of the beneficial ownership ( as such term is defined in Rule 13d-3 promulgatedunder the Exchange Act ) of outstanding shares of capital stock and/or other equity securities of the Company, in asingle transaction or series of related transactions ( including, without limitation, one or more tender offers or exchangeoffers ), representing at least 50 % of the voting power of or economic interests in the then outstanding shares ofcapital stock of the corporation ( each of ( i)-(vi ) above a ) shall be effected, then theCompany shall use its commercially reasonable best efforts to ensure that lawful and adequate provision shall bemade whereby each Holder shall thereafter continue to have the right to purchase and receive upon the basis andupon the terms and conditions herein specified and in lieu of the Shares issuable upon exercise of the Warrants heldby such Holder, shares of stock in the surviving or acquiring entity ( ), as the case may be, such that theaggregate value of the Holder ’s warrants to purchase such number of shares, where the value of each new warrant topurchase one share in the Acquirer is determined in accordance with the Black - Scholes Option Pricing formula setforth in Appendix 2 hereto, is at least equivalent to the aggregate value of the Warrants held by such Holderimmediately prior to such Corporate Reorganization, where the value of each Warrant to purchase one share in theCompany is determined in accordance with the Black - Scholes Option Pricing formula set forth Appendix 3 hereto