Eligible Major Holder

Eligible Major Holder. Shall mean, as of any date and time, each (x) Major Holder that at such date and time continues to hold a number of Securities equal to no less than the lesser of 2,500 shares of Series A Preferred Stock or Common Stock, or that number of Securities that equals fifty percent (50%) of the Securities owned by such Major Holder on the date hereof (after giving effect to any stock splits, combinations or similar transactions involving one or more classes of Securities as a whole), and (y) each... Subsequent Stockholder to whom any Major Holder transfers at least fifty percent (50%) of the Securities owned by such Major Holder on the date hereof (after giving effect to any stock splits, combinations or similar transactions involving one or more classes of Securities as a whole) pursuant to Section 2.1(b). View More