Common use of Adjustment for Rights Issuance Clause in Contracts

Adjustment for Rights Issuance. (i) (A) In case the Company shall at any time distribute any rights, options or warrants to all holders of Common Stock entitling them, for a period expiring sixty (60) days or less after the date of determination of the stockholders entitled to receive such rights (the “Record Date”) (or any longer period resulting from the extension of the exercise period which is announced following the time that the rights, options or warrants are first issued) for such distribution, to purchase or subscribe for shares of Common Stock at a price per share less than ninety percent (90%) of the Daily Market Price of the Common Stock on the Record Date, then the number of shares issuable upon exercise of each Warrant immediately prior thereto shall be adjusted in accordance with the formula: N = No x (O + A)/ (O + (C/M)) where: N = the adjusted number of Warrant Shares issuable upon exercise of such Warrant. No = the number of Warrant Shares issuable upon exercise of such Warrant prior to such adjustment. O = the number of shares outstanding immediately prior to the issuance of such rights, options or warrants as referred to in this Section 11(b)(i)(A). A = the maximum number of shares issuable pursuant to such rights, options or warrants as referred to in this Section 11(b)(i)(A).

Adjustment for Rights Issuance. (i) (A) In case the Company shall at any time distribute any rights, options or warrants to all holders of Common Stock entitling them, for a period expiring sixty (60) days or less after the date of determination of the stockholders entitled to receive such rights (the “"Record Date”") (or any longer period resulting from the extension of the exercise period which is announced following the time that the rights, options or warrants are first issued) for such distribution, to purchase or subscribe for shares of Common Stock at a price per share less than ninety percent (90%) of the Daily Market Price of the Common Stock on the Record Date, then the number of shares issuable upon exercise of each Warrant immediately prior thereto shall be adjusted in accordance with the formula: N = No x (O + A)/ (O + (C/M)) where: N = the adjusted number of Warrant Shares issuable upon exercise of such Warrant. No = the number of Warrant Shares issuable upon exercise of such Warrant prior to such adjustment. O = the number of shares outstanding immediately prior to the issuance of such rights, options or warrants as referred to in this Section 11(b)(i)(A). A = the maximum number of shares issuable pursuant to such rights, options or warrants as referred to in this Section 11(b)(i)(A). C = the aggregate consideration receivable by the Company for the issuance of Common Stock upon exercise of such rights, options or warrants as referred to in this Section 11(b)(i)(A). M = the average of the Daily Market Prices of the Common Stock for the ten (10) consecutive trading days immediately preceding the Record Date. Provided that, in no adjustment shall N be less than No.