Common use of Adjustment in the Case of Certain Transactions or Events Clause in Contracts

Adjustment in the Case of Certain Transactions or Events. The Exercise Price shall be adjusted downward in the event the Company issues Common Stock (or securities exercisable for or convertible into or exchangeable for common stock) at a price below the Exercise Price, to a price equal to such issue price. The preceding adjustment shall be effective immediately at the time of the issuance of any security issued (or of any reduction in effective price of any security). In addition, the Exercise Price and the number of Warrant Shares issuable upon exercise hereof shall be appropriately adjusted in the case of stock splits, stock dividends, recapitalizations and the like.