Common use of Adjustment of Price Upon Issuance of Common Stock Clause in Contracts

Adjustment of Price Upon Issuance of Common Stock. If and whenever the Company shall issue or sell any shares of its Common Stock (as defined in Section 3(h)) in a transaction described in paragraphs (a), (b) or (c) of this Section 3, for a consideration per share less than the Warrant Price in effect immediately prior to the time of such issue or sale, then, forthwith upon such issue or sale, the Warrant Price shall be reduced to the price (calculated to the nearest $.001) determined by dividing: (a) an amount equal to the sum of (x) the number of shares of Common Stock outstanding immediately prior to such issue or sale multiplied by the then existing Warrant Price, and (y) the consideration, if any, received by the Company upon such issue or sale; by (b) the total number of shares of Common Stock outstanding immediately after such issue or sale (including as outstanding all shares of Common Stock issuable upon exercise of this Warrant immediately prior to such issue or sale). No adjustments of the Warrant Price, however, shall be made in an amount less than $.001 per share, but any such lesser adjustment shall be carried forward and shall be made at the time and together with the next subsequent adjustment which together with any adjustments so carried forward shall amount to $.001 per share or more. For purposes of this Section 3, the following paragraphs (a) to (h), inclusive, shall be applicable:

Adjustment of Price Upon Issuance of Common Stock. If and whenever the Company shall issue or sell any shares of its Common Stock (as defined in Section 3(h)) in a transaction described in paragraphs (a), (b) or (c) of this Section 3, for a consideration per share less than the Warrant Price in effect immediately prior to the time of such issue or sale, then, forthwith upon such issue or sale, the Warrant Price shall be reduced to the price (calculated to the nearest $.001) determined by dividing: (a) an amount equal to the sum of (x) the number of shares of Common Stock outstanding immediately prior to such issue or sale multiplied by the then existing Warrant Price, and (y) the consideration, if any, received by the Company upon such issue or sale; by (b) the total number of shares of Common Stock outstanding immediately after such issue or sale (including as outstanding all shares of Common Stock issuable upon exercise of this Warrant immediately prior to such issue or sale). No adjustments of the Warrant Price, however, shall be made in an amount less than $.001 per share, but any such lesser adjustment shall be carried forward and shall be made at the time and together with the next subsequent adjustment which together with any adjustments so carried forward shall amount to $.001 per share or more. For purposes of this Section 3, the following paragraphs (a) to (hi), inclusive, shall be applicable:

Adjustment of Price Upon Issuance of Common Stock. If and whenever after the date hereof, the Company shall issue or sell any shares of its Common Stock (as defined in Section 3(h)) in a transaction described in paragraphs (a), (b) or (c) of this Section 3, for a consideration per share less than Current Value at the Warrant time of such issue or sale, then forthwith upon such issue or sale, the Exercise Price shall be reduced to the price (calculated to the nearest cent) determined by multiplying the Exercise Price in effect immediately prior to the time of such issue or sale, then, forthwith upon such issue or salesale by a fraction, the Warrant Price numerator of which shall be reduced to the price (calculated to the nearest $.001) determined by dividing: (a) an amount equal to the sum of (xA) the number of shares of Common Stock outstanding immediately prior to such issue or sale multiplied by the then existing Warrant Price, and Current Value immediately prior to such issue or sale plus (yB) the consideration, if any, consideration received by the Company upon such issue or sale; by , and the denominator of which shall be the product of (bC) the total number of shares of Common Stock outstanding immediately after such issue or sale sale, multiplied by (including as outstanding all shares of Common Stock issuable upon exercise of this Warrant D) the Current Value immediately prior to such issue or sale). No adjustments adjustment of the Warrant any Exercise Price, however, shall be made in an amount less than $.001 per share1% of the Exercise Price, but any such lesser adjustment shall be carried forward and shall be made at the time of, and together with with, the next subsequent adjustment which together with any adjustments so carried forward shall amount to $.001 per share or more. For purposes at least 1% of this Section 3, the following paragraphs (a) to (h), inclusive, shall be applicable:Exercise Price.