Common use of Adjustment of Exercise Rate and Exercise Price Clause in Contracts

Adjustment of Exercise Rate and Exercise Price. The number of shares of Common Stock purchasable upon the exercise of each Warrant (the “Exercise Rate”), and the Exercise Price, are subject to adjustment from time to time upon the occurrence of the events enumerated in this Section 4. The Exercise Rate shall initially be 1 to 1.

Adjustment of Exercise Rate and Exercise Price. The number of shares of Common Stock purchasable upon the exercise of each Warrant (the “Exercise Rate”), and the Exercise Price, are subject to adjustment from time to time upon the occurrence of the events enumerated in this Section 4. The Exercise Rate shall initially be 1 to 1. Notwithstanding anything contained herein to the contrary, there shall be no adjustment of the Exercise Rate or the Exercise Price as a result of any stock dividend or stock split occurring after the date hereof and prior to the closing of the Public Offering.