Adjustment of Conversion Price upon Subdivision or Combination of Common Stock. If the Company shall at any time or from time to time effect a subdivision (by any stock split or otherwise) of the outstanding Common Stock into a greater number of shares, the Conversion Price in effect immediately before that subdivision shall be proportionately decreased. Conversely, if the Company shall at any time or from time to time combine (by reverse stock split or otherwise) the outstanding shares of Common Stock into a smaller number of shares, the Conversion Price in effect immediately before the combination shall be proportionately increased. Any preceding adjustment under this paragraph shall become effective at the close of business on the date the subdivision or combination becomes effective.
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Samples: Security Agreement (True Drinks Holdings, Inc.), Security Agreement (Bazi International, Inc.), Security Agreement (Bazi International, Inc.)
Adjustment of Conversion Price upon Subdivision or Combination of Common Stock. If the Company shall at any time on or from time to time effect a subdivision after the Effective Date subdivides (by any stock split split, stock dividend, recapitalization or otherwise) outstanding shares of the outstanding Common Stock (“Shares”) into a greater number of sharesShares, the Conversion Price in effect immediately before that prior to such subdivision shall will be proportionately decreasedreduced. Conversely, if If the Company shall at any time on or from time to time combine after the Issuance Date combines (by combination, reverse stock split or otherwise) the its outstanding shares of Common Stock Shares into a smaller lesser number of sharesShares, the Conversion Price in effect immediately before the prior to such combination shall will be proportionately increased. Any preceding adjustment under this paragraph Section 2(c)(i) shall become effective at the close of business on the date the subdivision or combination becomes effective.
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