TPTX » Topics » Exercise Price

This excerpt taken from the TPTX 8-K filed May 16, 2005.

Exercise Price

                Each Right will allow its holder to purchase from our Company one one-thousandth of a share of Series A Participating Preferred Stock (“Preferred Stock”) for $15.00, once the Rights become exercisable. This portion of a share of Preferred Stock will give the stockholder approximately the same dividend, voting, and liquidation rights as would one share of common


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stock.  Prior to exercise, the Right does not give its holder any dividend, voting, or liquidation rights as a stockholder of our Company.

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