Common use of Adjustment of Conversion Price for Preferred Shares Upon Issuance of Additional Common Shares Clause in Contracts

Adjustment of Conversion Price for Preferred Shares Upon Issuance of Additional Common Shares. In the event the Company shall at any time or from time to time after the Original Issue Date of the Series E Preferred Shares, issue or sell any Additional Common Shares (including Additional Common Shares deemed to be issued pursuant to Article 6A(iii)(4)(e)(vi)), without consideration or for a consideration per share less than the applicable Conversion Price for Preferred Shares in effect immediately prior to such issue, then as of the opening of business on the date of such issue or sale, the applicable Conversion Price shall be reduced, concurrently with such issue, to a price (calculated to the nearest one-hundredth of a cent) determined in accordance with the following formula (As Adjusted): CP2 = CP1*(A + B) ÷ (A + C). For purposes of the foregoing formula, the following definitions shall apply: