Common use of Adjustment for Change in Capital Stock Clause in Contracts

Adjustment for Change in Capital Stock. If the Company: (1) pays a dividend or makes a distribution on its Common Stock in either case in shares of its Common Stock; (2) subdivides its outstanding shares of Common Stock into a greater number of shares; (3) combines its outstanding shares of Common Stock into a smaller number of shares; (4) makes a distribution on its Common Stock in shares of its capital stock other than Common Stock; or (5) issues by reclassification of its Common Stock any shares of its capital stock, then the number of shares of Common Stock issuable upon exercise of each Warrant immediately prior to such action shall be proportionately adjusted so that the holder of any Warrant thereafter exercised shall receive the aggregate number and kind of shares of capital stock of the Company which he would have owned immediately following such action if such Warrant had been exercised immediately prior to such action. The adjustment shall become effective immediately after the record date in the case of a dividend or distribution and immediately after the effective date in the case of a subdivision, combination or reclassification. Such adjustment shall be made successively whenever any event listed above shall occur.

Adjustment for Change in Capital Stock. If the Company: (1) pays a dividend or makes a distribution on its Common Stock Stock, in either case in shares of its Common Stock; (2) subdivides its outstanding shares of Common Stock into a greater number of shares; (3) combines its outstanding shares of Common Stock into a smaller number of shares; (4) makes a distribution on its Common Stock in shares of its capital stock other than Common Stock; or (5) issues by reclassification of its Common Stock any shares of its capital stock, then the number of shares of Common Stock issuable upon exercise of each Warrant immediately prior to such action shall be proportionately adjusted so that the holder of any Warrant thereafter exercised shall receive the aggregate number and kind of shares of capital stock of the Company which he would have owned immediately following such action if such Warrant had been exercised immediately prior to such action. The adjustment shall become effective immediately after the record date in the case of a dividend or distribution and immediately after the effective date in the case of a subdivision, combination or reclassification. Such adjustment shall be made successively whenever any event listed above shall occur.

Adjustment for Change in Capital Stock. If the Company: (1) pays a dividend or makes a distribution on its Common Stock in either case in shares of its Common Stock; (2) subdivides its outstanding shares of Common Stock into a greater number of shares; (3) combines its outstanding shares of Common Stock into a smaller number of shares; (4) makes a distribution on its Common Stock in shares of its capital stock other than Common Stock; or (5) issues by reclassification of its Common Stock any shares of its capital stock, ; then the number of shares of Common Stock issuable upon exercise of each Warrant Warrants in effect immediately prior to such action shall be proportionately adjusted so that the holder of any Warrant thereafter exercised shall may receive the aggregate number and kind of shares of capital stock of the Company which he would have owned immediately following such action if such Warrant had been exercised immediately prior to such action. The adjustment shall become effective immediately after the record date in the case of a dividend or distribution and immediately after the effective date in the case of a subdivision, combination or reclassification. Such adjustment shall be made successively whenever any event listed above shall occur.

Adjustment for Change in Capital Stock. If at any time after the date of this Warrant, the Company: (1) pays a dividend or makes a distribution on its Common Stock in either case in shares of its Common Stock; (2) subdivides its outstanding shares of Common Stock into a greater number of shares; (3) combines its outstanding shares of Common Stock into a smaller number of shares; (4) makes a distribution on its Common Stock in shares of its capital stock other than Common Stock; or (5) issues by reclassification of its Common Stock any shares of its capital stock, ; then the number of shares of Common Stock issuable upon exercise of each Warrant Exercise Price in effect immediately prior to such action shall be proportionately adjusted so that Holder may receive upon exercise of this Warrant and payment of the holder of any Warrant thereafter exercised shall receive same aggregate consideration the aggregate number and kind of shares of capital stock of the Company which he Holder would have owned immediately following such action if such Holder had exercised this Warrant had been exercised immediately prior to such action. The adjustment shall become effective immediately after the record date in the case of a dividend or distribution and immediately after the effective date in the case of a subdivision, combination or reclassification. Such adjustment shall be made successively whenever any event listed above shall occur.

Adjustment for Change in Capital Stock. If the Company: (1) pays a dividend or makes a distribution on its Common Stock in either case in shares of its Common Stock; (2) subdivides its outstanding shares of Common Stock into a greater number of shares; (3) combines its outstanding shares of Common Stock into a smaller number of shares; (4) makes a distribution on its Common Stock in shares of its capital stock other than Common Stock; or (5) issues by reclassification of its Common Stock any shares of its capital stock, ; then the number of shares of Common Stock issuable upon exercise of each Warrant Exercise Price in effect immediately prior to such action shall be proportionately adjusted so that the holder of any Warrant thereafter exercised shall may receive the aggregate number and kind of shares of capital stock of the Company which he such holder would have owned immediately following such action if such Warrant had been exercised immediately prior to such action. The adjustment shall become effective immediately after the record date in the case of a dividend or distribution and immediately after the effective date in the case of a subdivision, combination or reclassification. Such adjustment shall be made successively whenever any event listed above shall occur.

Adjustment for Change in Capital Stock. If Subject to paragraph (b) below, in case the Company: Company shall (1i) pays pay a dividend or makes a distribution on its outstanding shares of Common Stock in either case in shares of Common Stock or make a distribution of shares of Common Stock on its outstanding shares of Common Stock; , (2ii) subdivides subdivide its outstanding shares of Common Stock into a greater number of shares; shares of Common Stock, or (3iii) combines effect a reverse stock split or combine its outstanding shares of Common Stock into a smaller number of shares; (4) makes a distribution on its Common Stock in shares of its capital stock other than Common Stock; or (5) issues by reclassification of its Common Stock any shares of its capital stock, then the number of shares of Common Stock issuable Warrant Shares purchasable upon exercise of each Warrant immediately prior to such action thereto shall be proportionately adjusted so that the holder Holder of any each Warrant thereafter exercised shall be entitled to receive the aggregate number and kind of shares of capital stock of the Company which he Warrant Shares such Holder would have owned immediately following such action if or have been entitled to receive upon the happening of any of the events described above had such Warrant had been exercised in full immediately prior to such actionthe record date with respect thereto. The An adjustment made pursuant to this paragraph (a) shall become effective immediately after the record date in the case of a dividend or distribution and immediately after the effective date in the case of a subdivision, combination or reclassificationfor such event. Such adjustment shall be made successively whenever any such an event listed above shall occuroccurs.

Adjustment for Change in Capital Stock. If the Company: (1i) pays a dividend or makes a distribution on its Common Stock in either case in shares of its Common Stock; (2ii) subdivides its outstanding shares of Common Stock into a greater number of shares; (3iii) combines its outstanding shares of Common Stock into a smaller number of shares; (4iv) makes a distribution on its Common Stock in shares of its capital stock other than Common Stock; or (5v) issues by reclassification or conversion of its Common Stock any shares of its capital stock, then the number of shares of Common Stock issuable upon exercise of each Warrant Number in effect immediately prior to such action shall be proportionately adjusted so that the holder of any Warrant thereafter exercised shall may receive the aggregate number and kind of shares of capital stock of the Company which he would have owned immediately following such action if such Warrant had been exercised immediately prior to such action. The adjustment shall become effective immediately after the record date in the case of a dividend or distribution and immediately after the effective date in the case of a subdivision, combination or reclassification. Such adjustment shall be made successively whenever any event listed above shall occur.

Adjustment for Change in Capital Stock. If the Company: (1) pays a dividend or makes a distribution on its Common Stock in either case in shares of its Common Stock; (2) subdivides its outstanding shares of Common Stock into a greater number of shares; (3) combines its outstanding shares of Common Stock into a smaller number of shares; (4) makes a distribution on its Common Stock in shares of its capital stock other than Common Stock; or (5) issues by reclassification of its Common Stock any shares of its capital stock, then the number of shares of Common Stock issuable upon exercise of each Warrant immediately prior to such action shall be proportionately adjusted so that the holder of any Warrant thereafter exercised shall receive the aggregate number and kind of shares of capital stock of the Company which he would have owned received immediately following such action if such Warrant had been exercised immediately prior to such action. The adjustment shall become effective immediately after the record date in the case of a dividend or distribution and immediately after the effective date in the case of a subdivision, combination or reclassification. Such adjustment shall be made successively whenever any event listed above shall occur.

Adjustment for Change in Capital Stock. If at any time during the Exercise Period the Company: (1i) pays a dividend or makes a distribution on its Common Stock in either case in shares of its Common Stock; (2ii) subdivides its outstanding shares of Common Stock into a greater number of sharesshares of Common Stock; (3iii) combines its outstanding shares of Common Stock into a smaller number of shares; (4) makes a distribution on its Common Stock in shares of its capital stock other than Common Stock; or (5iv) issues issues, by reclassification of its shares of Common Stock Stock, any shares of its capital stock, then ; then: (1) the number of shares of Common Stock issuable acquirable upon exercise of each this Warrant immediately after the occurrence of any such event shall be adjusted to equal the number of shares of Common Stock which a record holder of the same number of shares of Common Stock that would have been acquirable under this Warrant immediately prior to such action shall be proportionately adjusted so that the holder of any Warrant thereafter exercised shall receive the aggregate number and kind of shares of capital stock of the Company which he would have owned immediately following such action if such Warrant had been exercised immediately prior to such action. The adjustment shall become effective immediately after the record date in the case of a for such dividend or distribution and immediately after or the effective date in of such subdivision or combination would own or be entitled to receive after such record date or the case effective date of a subdivisionsuch subdivision or combination, combination or reclassification. Such adjustment as applicable; and (2) the Exercise Price shall be made successively whenever any event listed above shall occur.adjusted to equal:

Adjustment for Change in Capital Stock. If the Company: (1) pays a dividend or makes a distribution on its Common Stock Stock, in either case case, in shares of its Common Stock; (2) subdivides its outstanding shares of Common Stock into a greater number of shares; (3) combines its outstanding shares of Common Stock into a smaller number of shares; (4) makes a distribution on its Common Stock in shares of its capital stock other than Common Stock; or (5) issues by reclassification of its Common Stock any shares of its capital stock, ; then the number of shares of Common Stock issuable upon exercise of each Warrant immediately prior to such action shall be proportionately adjusted so that the holder of any Warrant thereafter exercised shall receive the aggregate number and kind of shares of capital stock of the Company which he would have owned immediately following such action if such Warrant had been exercised immediately prior to such action. The adjustment shall become effective immediately after the record date in the case of a dividend or distribution and immediately after the effective date in the case of a subdivision, combination or reclassification. Such adjustment shall be made successively whenever any event listed above shall occur.