Common use of Adjustment of Option Shares Clause in Contracts

Adjustment of Option Shares. Prior to any public offering of ELCOM --------------------------- shares, if the outstanding common shares of Elcom Technologies Corporation, are changed into or exchanged for a different number or kind of shares or other securities of Elcom Technologies Corporation or of another corporation, whether through reorganization, share split-up, combination of shares, merger or consolidation, then these shares shall be substituted for each common share of Elcom Technologies Corporation then subject to this Stock Option Agreement. The number and kinds of shares or other securities into which each such ELCOM share is so changed or for which each ELCOM share is exchanged shall be at the sole discretion of ELCOM.

Adjustment of Option Shares. Prior to any public offering of ELCOM --------------------------- shares, --------------------------- if the outstanding common shares of Elcom Technologies Corporation, are changed into or exchanged for a different number or kind of shares or other securities of Elcom Technologies Corporation or of another corporation, whether through reorganization, share split-up, combination of shares, merger or consolidation, then these shares shall be substituted for each common share of Elcom Technologies Corporation then subject to this Stock Option Agreement. The number and kinds of shares or other securities into which each such ELCOM share is so changed or for which each ELCOM share is exchanged shall be at the sole discretion of ELCOM.

Adjustment of Option Shares. Prior to any public offering of ELCOM --------------------------- shares, if the outstanding common shares of Elcom Technologies Corporation, are changed into or exchanged for a different number or kind of shares or other securities of Elcom Technologies Corporation or of another corporation, whether through reorganization, share split-up, combination of shares, merger or consolidation, then these shares shall be substituted for each common share of Elcom Technologies Corporation then subject to this Stock Option Agreement. The number and kinds of Technologies Corporation then subject to this Stock Option Agreement. The number and kinds of shares or other securities into which each such ELCOM share is so changed or for which each ELCOM share is exchanged shall be at equivalent to all other shares sold in the sole discretion of ELCOMELCOM PRIVATE PLACEMENT MEMORANDUM dated July 12 1996.

Adjustment of Option Shares. Prior to any public offering of ELCOM --------------------------- shares, if the outstanding common shares of Elcom Technologies Corporation, are changed into or exchanged for a different number or of kind of shares or other securities of Elcom Technologies Corporation or of another corporation, whether through reorganization, share split-up, combination of shares, merger or consolidation, then these shares shall be substituted for each common share of Elcom Technologies Corporation then subject to this Stock Option Agreement. The number and kinds of shares or other securities into which each such ELCOM share is so changed or for which each ELCOM share is exchanged shall be at the sole discretion of ELCOM.

Adjustment of Option Shares. Prior to any public offering of ELCOM --------------------------- shares, --------------------------- if the outstanding common shares of Elcom Technologies Corporation, are changed into or exchanged for a different number or kind of shares or other securities of Elcom Technologies Corporation or of another corporation, whether through reorganization, share split-up, combination of shares, ,merger or consolidation, then these shares shall be substituted for each common share of Elcom Technologies Corporation then subject to this Stock Option Agreement. The number and kinds of shares or other securities into which each such ELCOM share is so changed or for which each ELCOM share is exchanged shall be at the sole discretion of ELCOM.

Adjustment of Option Shares. Prior to any public offering of ELCOM --------------------------- shares, --------------------------- if the outstanding common shares of Elcom Technologies Corporation, are changed into or exchanged for a different number or of kind of shares or other securities of Elcom Technologies Corporation or of another corporation, whether through reorganization, share split-up, combination of shares, merger or consolidation, then these shares shall be substituted for each common share of Elcom Technologies Corporation then subject to this Stock Option Agreement. The number and kinds of shares or other securities into which each such ELCOM share is so changed or for which each ELCOM share is exchanged shall be at the sole discretion of ELCOM.