Common use of Adjustment for Common Stock Issue Clause in Contracts

Adjustment for Common Stock Issue. If the Company issues shares of Common Stock for consideration per share less than the current market price per share on the date the Company fixes the offering price of such additional shares, the Current Warrant Price shall be adjusted in accordance with the formula: (1) = W * ((O * M) + P) / (A * M) (1) = the adjusted Current Warrant Price. W = the then current Current Warrant Price. O = the number of shares outstanding immediately prior to the issuance of such additional shares. P = the aggregate consideration received for the issuance of such additional shares. M = the current market price per share on the date of issuance of such additional shares. A = the number of shares outstanding immediately after the issuance of such additional shares. The adjustment shall be made successively whenever any such issuance is made, and shall become effective immediately after such issuance.

Adjustment for Common Stock Issue. If the Company issues shares of Common Stock for a consideration per share less than the current market price Current Market Price per share of Common Stock on the date the Company fixes the offering price of such additional shares, the Current Warrant Exercise Price shall be adjusted in accordance with the formula: P O + ____ M E1 = E x _____ A where: (1) = W * ((O * M) + P) / (A * M) (1) E 1 = the adjusted Current Warrant Exercise Price. W E = the then current Current Warrant Exercise Price. O = the number of shares outstanding immediately prior to the issuance of such additional shares. P = the aggregate consideration received for the issuance of such additional shares. M = the current market price Current Market Price per share of Common Stock on the date of issuance of such additional shares. . A = the number of shares outstanding immediately after the issuance of such additional shares. The adjustment shall be made successively whenever any such issuance is made, and shall become effective immediately after such issuance.

Adjustment for Common Stock Issue. If the Company issues shares of Common Stock for a consideration per share less than the current market price Fair Market Value per share on the date the Company fixes the offering price of such additional shares, the Current Warrant Exercise Price shall be adjusted in accordance with the formula: (1) = W * ((O * M) + P) / (A * M) (1) : where: E' = the adjusted Current Warrant Exercise Price. W E = the then current Current Warrant Exercise Price. O = the number of shares outstanding immediately prior to the issuance of such additional shares. P = the aggregate consideration received for the issuance of such additional shares. M = the current market price Fair Market Value per share on the date of issuance of such additional shares. . A = the number of shares outstanding immediately after the issuance of such additional shares. The adjustment shall be made successively whenever any such issuance is made, and shall become effective immediately after such issuance.

Adjustment for Common Stock Issue. If the Company IWCL issues shares of Common Stock for a consideration per share less than the current market price Current Market Value per share on the date the Company IWCL fixes the offering price of such additional shares, the Current Warrant Exercise Price shall be adjusted in accordance with the formula: (1) : O + P E' = W * ((E x M -- ----- O * M) + P) / (A * M) (1) N where: E' = the adjusted Current Warrant Exercise Price. W E = the then current Current Warrant Exercise Price. O = the number of shares outstanding immediately prior to the issuance of such additional shares. N = the number of additional shares issued. P = the aggregate consideration received for the issuance of such additional shares. M = the current market price Current Market Value per share on the date of issuance of such additional shares. A = the number of shares outstanding immediately after the issuance of such additional shares. The adjustment shall be made successively whenever any such issuance is made, and shall become effective immediately after such issuance.

Adjustment for Common Stock Issue. If the Company issues shares of Common Stock for a consideration per share less than the current market price Fair Value per share on the date the Company fixes the offering price of such additional shares, the Current Warrant Exercise Price shall be adjusted in accordance with the formula: (1) : P - E' = W * ((E x O * M) + P) / (M ---------- A * M) (1) where: E' = the adjusted Current Warrant Exercise Price. W E = the then current Current Warrant Exercise Price. O 0 = the number of shares outstanding immediately prior to the issuance of such additional shares. P = the aggregate consideration received for the issuance of such additional shares. M = the current market price Fair Value per share on the date of issuance of such additional shares. . A = the number of shares outstanding immediately after the issuance of such additional shares. The adjustment shall be made successively whenever any such issuance is made, and shall become effective immediately after such issuance.

Adjustment for Common Stock Issue. If the Company issues shares of Common Stock for a consideration per share less than the current market price per share of Common Stock on the date the Company fixes the offering price of such additional shares, the Current Warrant Exercise Price shall be adjusted in accordance with the following formula: (1) : P -- E' = W * ((E x O * M) + P) / (M ----------- A * M) (1) where: E' = the adjusted Current Warrant Exercise Price. W E = the then current Current Warrant Exercise Price. O = the number of shares of Common Stock outstanding immediately prior to the issuance of such additional shares. P = the aggregate consideration received for the issuance of such additional shares. M = the current market price per share of Common Stock on the date of issuance of such additional shares. . A = the number of shares of Common Stock outstanding immediately after the issuance of such additional shares. The adjustment pursuant to subsection (d) shall be made successively whenever any such issuance is made, and shall become effective immediately after such issuance.

Adjustment for Common Stock Issue. If the Company issues shares of Common Stock for a consideration per share less than the current market price Fair Value per share on the date the Company fixes the offering price of such additional shares, the Current Warrant Exercise Price shall be adjusted in accordance with the formula: (1) : P --- E' = W * ((E x O * M) + P) / (M ----------- A * M) (1) where: E' = the adjusted Current Warrant Exercise Price. W E = the then current Current Warrant Exercise Price. O = the number of shares outstanding immediately prior to the issuance of such additional shares. P = the aggregate consideration received for the issuance of such additional shares. M = the current market price Fair Value per share on the date of issuance of such additional shares. . A = the number of shares outstanding immediately after the issuance of such additional shares. The adjustment shall be made successively whenever any such issuance is made, and shall become effective immediately after such issuance.

Adjustment for Common Stock Issue. If the Company issues shares of Common Stock for a consideration per share less than the current market price Fair Value per share on the date the Company fixes the offering price of such additional shares, the Current Warrant Exercise Price shall be adjusted in accordance with the formula: (1) : P ----- E' = W * ((E x O * M) + P) / (M ------------------- A * M) (1) = where: E'= the adjusted Current Warrant Exercise Price. W E = the then current Current Warrant Exercise Price. O = the number of shares outstanding immediately prior to the issuance of such additional shares. P = the aggregate consideration received for the issuance of such additional shares. M = the current market price Fair Value per share on the date of issuance of such additional shares. . A = the number of shares outstanding immediately after the issuance of such additional shares. The adjustment shall be made successively whenever any such issuance is made, and shall become effective immediately after such issuance.. This subsection (d) does not apply to:

Adjustment for Common Stock Issue. If the Company issues shares of Common Stock for a consideration per share less than the current market price Fair Value per share on the date the Company fixes the offering price of such additional shares, the Current Warrant applicable Exercise Price shall be adjusted in accordance with the formula: (1) : P ------ E' = W * ((E x O * M) + P) / (M ----------------- A * M) (1) where: E' = the adjusted Current Warrant Exercise Price. W E = the then current Current Warrant Exercise Price. O = the number of shares of Common Stock outstanding immediately prior to the issuance of such additional shares. P = the aggregate consideration received for the issuance of such additional shares. M = the current market price Fair Value per share of Common Stock on the date of issuance of such additional shares. shares of Common Stock. A = the number of shares outstanding of Common Stock immediately after the issuance of such additional sharesshares of Common Stock. The adjustment shall be made successively whenever any such issuance is made, and shall become effective immediately after such issuance.

Adjustment for Common Stock Issue. If the Company issues shares of Common Stock for a consideration per share less than the current market price per share on the date the Company fixes the offering price of such additional shares, the Current Warrant Exercise Price shall be adjusted in accordance with the formula: (1) : P - E' = W * ((E x O * M) + P) / (M ------- A * M) (1) = where: E'= the adjusted Current Warrant Exercise Price. W E = the then current Current Warrant Exercise Price. O = the number of shares outstanding immediately prior to the issuance of such additional shares. P = the aggregate consideration received for the issuance of such additional shares. M = the current market price per share on the date of issuance of such additional shares. A = the number of shares outstanding immediately after the issuance of such additional shares. The adjustment shall be made successively whenever any such issuance is made, and shall become effective immediately after such issuance.

Adjustment for Common Stock Issue. If the Company issues shares of Common Stock for a consideration per share less than the current market price Fair Value per share on the date the Company fixes the offering price of such additional shares, the Current Warrant Exercise Price shall be adjusted in accordance with the formula: (1) : P ----- E' = W * ((E x O * M) + P) / (M ------------------- A * M) (1) where: E' = the adjusted Current Warrant Exercise Price. W E = the then current Current Warrant Exercise Price. O = the number of shares outstanding immediately prior to the issuance of such additional shares. P = the aggregate consideration received for the issuance of such additional shares. M = the current market price Fair Value per share on the date of issuance of such additional shares. . A = the number of shares outstanding immediately after the issuance of such additional shares. The adjustment shall be made successively whenever any such issuance is made, and shall become effective immediately after such issuance.

Adjustment for Common Stock Issue. If the Company issues shares of Common Stock for a consideration per share less than the current market price Current Market Price per share on the date the Company fixes the offering price of such additional shares, the Current Warrant Exercise Price shall be adjusted in accordance with the formula: (1) = W * ((O * M) : P --- E' x E x S + P) / (M ---------- A * M) (1) where: E' = the adjusted Current Warrant Exercise Price. W E = the then current Current Warrant Exercise Price. O S = the number of shares outstanding immediately prior to the issuance of such additional shares. P = the aggregate consideration received for the issuance of such additional shares. M = the current market price Current Market Price per share on the date of issuance of such additional shares. . A = the number of shares outstanding immediately after the issuance of such additional shares. The adjustment shall be made successively whenever any such issuance is made, made and shall become effective immediately after such issuance.