Common use of Adjustment for Certain Events Clause in Contracts

Adjustment for Certain Events. (a) In case Network-1 shall at any time after the date hereof (i) declare a dividend on its shares of Common Stock payable in shares of Network-1's capital stock (whether in shares of Common Stock or of capital stock of any other class), (ii) subdivide its outstanding shares of Common Stock, (iii) reverse split its outstanding shares of Common Stock into a smaller number of shares, or (iv) issue any shares of Network-1's capital stock in a reclassification of shares of Common Stock (including any such reclassification in connection with a consolidation or merger in which Network-1 is the continuing corporation), then, in each case, the Exercise Price in effect at the time of the record date for such dividend or of the effective date of such subdivision, reverse split or reclassification, and/or the number and kind of shares of capital stock issuable upon exercise of the Option on such date, shall be proportionately adjusted so that the holder of the Option exercised after such time shall be entitled to receive the aggregate number and kind of securities which, if such Option had been exercised immediately prior to such date, such Holder would have owned upon such exercise and been entitled to receive by virtue of such dividend, subdivision, reverse split or reclassification. Such adjustment shall be made successively whenever any event listed above shall occur.

Adjustment for Certain Events. (a) In case Network-1 the Company shall at any time after the date hereof the Warrants are first issued (i) declare a dividend on its shares of the Common Stock payable in shares of Network-1the Company's capital stock (whether in shares of Common Stock or of capital stock of any other class), (ii) subdivide its the outstanding shares of Common Stock, (iii) reverse split its the outstanding shares of Common Stock into a smaller number of shares, or (iv) issue any shares of Network-1the Company's capital stock in a reclassification of shares of the Common Stock (including any such reclassification in connection with a consolidation or merger in which Network-1 the Company is the continuing corporation), then, in each case, the Exercise Purchase Price in effect at the time of the record date for such dividend or of the effective date of such subdivision, reverse split or reclassification, and/or the number and kind of shares of capital stock issuable upon exercise of the Option Warrants on such date, shall be proportionately adjusted so that the holder of the Option any Warrant exercised after such time shall be entitled to receive the aggregate number and kind of securities which, if such Option Warrant had been exercised immediately prior to such date, such Holder holder would have owned upon such exercise and been entitled to receive by virtue of such dividend, subdivision, reverse split or reclassification. Such Any such adjustment shall be become effective immediately after the record date of such dividend or the effective date of such subdivision, reverse split or reclassification made successively whenever any event listed above shall occur.

Adjustment for Certain Events. (a) In case Network-1 the Company shall at any time after the date hereof the Option is first issued (i) declare a dividend on its shares of the Common Stock payable in shares of Network-1the Company's capital stock (whether in shares of Common Stock or of capital stock of any other class), (ii) subdivide its the outstanding shares of Common Stock, (iii) reverse split its the outstanding shares of Common Stock into a smaller number of shares, or (iv) issue any shares of Network-1the Company's capital stock in a reclassification of shares of the Common Stock (including any such reclassification in connection with a consolidation or merger in which Network-1 the Company is the continuing corporation), then, in each case, the Exercise Purchase Price in effect at the time of the record date for such dividend or of the effective date of such subdivision, reverse split or reclassification, and/or the number and kind of shares of capital stock issuable upon exercise of the Option on such date, shall be proportionately adjusted so that the holder of the any Option exercised after such time shall be entitled to receive the aggregate number and kind of securities which, if such Option had been exercised immediately prior to such date, such Holder holder would have owned upon such exercise and been entitled to receive by virtue of such dividend, subdivision, reverse split or reclassification. Such adjustment shall be made successively whenever any event listed above shall occur.

Adjustment for Certain Events. (a) In case Network-1 the Company shall at any time after the date hereof the Warrants are first issued (i) declare a dividend on its shares of the Common Stock payable in shares of Network-1the Company's capital stock (whether in shares of Common Stock or of capital stock of any other class), (ii) subdivide its the outstanding shares of Common Stock, (iii) reverse split its the outstanding shares of Common Stock into a smaller number of shares, or (iv) issue any shares of Network-1the Company's capital stock in a reclassification of shares of the Common Stock (including any such reclassification in connection with a consolidation or merger in which Network-1 the Company is the continuing corporation), then, in each case, the Exercise Purchase Price in effect at the time of the record date for such dividend or of the effective date of such subdivision, reverse split or reclassification, and/or the number and kind of shares of capital stock issuable upon exercise of the Option Warrants on such date, shall be proportionately adjusted so that the holder of the Option any Warrant exercised after such time shall be entitled to receive the aggregate number and kind of securities which, if such Option Warrant had been exercised immediately prior to such date, such Holder holder would have owned upon such exercise and been entitled to receive by virtue of such dividend, subdivision, reverse split or reclassification. Such adjustment shall be made successively whenever any event listed above shall occur.

Adjustment for Certain Events. (a) In case Network-1 the Company shall at any time after the date hereof the Warrants are first issued (i) declare a dividend on its shares of the Common Stock payable in shares of Network-1the Company's capital stock (whether in shares of Common Stock or of capital stock of any other class), (ii) subdivide its the outstanding shares of Common Stock, (iii) reverse split its the outstanding shares of Common Stock into a smaller number of shares, or (iv) issue any shares of Network-1the Company's capital stock in a reclassification of shares of the Common Stock (including any such reclassification in connection with a consolidation or merger in which Network-1 the Company is the continuing corporation), then, in each case, the Exercise Purchase Price in effect at the time of the record date for such dividend or of the effective date of such subdivision, reverse split or reclassification, and/or the number and kind of shares of capital stock issuable upon exercise of the Option Warrants on such date, shall be proportionately adjusted so that the holder of the Option any Warrant exercised after such time shall be entitled to receive the aggregate number and kind of securities which, if such Option Warrant had been exercised immediately prior to such date, such Holder holder would have owned upon such exercise and been entitled to receive by virtue of such dividend, subdivision, reverse split or reclassification. Such Any such adjustment shall become effective immediately after the record date of such dividend or the effective date of such subdivision, reverse split or reclassification and shall be made successively whenever any event listed above shall occur.