Common use of ADJUSTMENT FOR COMMON STOCK DIVIDENDS, SUBDIVISIONS AND COMBINATIONS Clause in Contracts

ADJUSTMENT FOR COMMON STOCK DIVIDENDS, SUBDIVISIONS AND COMBINATIONS. In case the Company shall, at any time or from time to time, (i) pay a dividend in Common Stock, or make a distribution in Common Stock, (ii) subdivide its outstanding Common Stock into a greater number of shares, or (iii) combine its outstanding Common Stock into a smaller number of shares (including a recapitalization in connection with a consolidation or merger in which the Company is the continuing corporation), then (a) the Exercise Price in effect at the time of the record date for such dividend or of the effective date of such subdivision or combination shall be adjusted by multiplying such Exercise Price by a fraction, the numerator of which is the number of shares of Common Stock outstanding immediately before such event and the denominator of which is the number of shares of Common Stock outstanding immediately after such event and (b) the number of shares of Common Stock for which this Warrant Agreement may be exercised immediately before such event shall be adjusted by multiplying such number by a fraction, the numerator of which is the Exercise Price immediately before such event and the denominator of which is the Exercise Price immediately after such event.