Common use of Adjustment of Exercise Price upon Issuance of Common Stock Clause in Contracts

Adjustment of Exercise Price upon Issuance of Common Stock. (a) (i) If and whenever after the date hereof the Company shall issue or sell any Common Stock for no consideration or for a consideration per share less than the Exercise Price, then, forthwith upon such issue or sale, the Exercise Price shall be reduced (but not increased, except as otherwise specifically provided in Section 3.2 hereof), to the price (calculated to the nearest one-ten thousandth of a cent) determined by dividing (x) an amount equal to the sum of (i) the aggregate number of shares of Common Stock Outstanding immediately prior to such issue or sale multiplied by the consideration received by the Company upon such issuance or sale on a per share basis plus (ii) the consideration received by the Company upon such issue or sale by (y) the aggregate number of shares of Common Stock Outstanding immediately after such issue or sale.

Adjustment of Exercise Price upon Issuance of Common Stock. 3.2.1 (a) (iA) If and whenever after the date hereof the Company shall issue or sell any Common Stock for no consideration or for a consideration per share less than the Exercise Price, then, forthwith upon such issue or sale, the Exercise Price shall be reduced (but not increased, except as otherwise specifically provided in Section 3.2 3.2.2(C) hereof), to the price (calculated to the nearest one-ten thousandth of a cent) determined by dividing (x) an amount equal to the sum of (i) the aggregate number of shares of Common Stock Outstanding outstanding immediately prior to such issue or sale multiplied by the consideration received by the Company upon such issuance or sale on a per share basis then existing Exercise Price plus (ii) the consideration received by the Company upon such issue or sale by (y) the aggregate number of shares of Common Stock Outstanding outstanding immediately after such issue or sale.

Adjustment of Exercise Price upon Issuance of Common Stock. III.2.1 (a) (iA) If and whenever after the date hereof the Company shall issue or sell any Common Stock for no consideration or for a consideration per share less than the Exercise Price, then, forthwith upon such issue or sale, the Exercise Price shall be reduced (but not increased, except as otherwise specifically provided in Section 3.2 3.2.2(C) hereof), to the price (calculated to the nearest one-ten thousandth of a cent) determined by dividing (x) an amount equal to the sum of (i) the aggregate number of shares of Common Stock Outstanding outstanding immediately prior to such issue or sale multiplied by the consideration received by the Company upon such issuance or sale on a per share basis plus (ii) the consideration received by the Company upon such issue or sale by (y) the aggregate number of shares of Common Stock Outstanding outstanding immediately after such issue or sale.