Common use of ADJUSTMENT UPON EXTRAORDINARY EVENTS Clause in Contracts

ADJUSTMENT UPON EXTRAORDINARY EVENTS. In the event that the Company shall ------------------------------------ (i) issue additional shares of Common Stock as a dividend or other distribution on outstanding Common Stock, (ii) subdivide its outstanding shares of Common Stock, or (iii) combine its outstanding shares of Common Stock into a smaller number of shares of the Common Stock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which is the number of shares of Common Stock outstanding immediately before such event and the denominator of which is the number of shares of Common Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price. Upon any such adjustment, the holder of this Warrant shall thereafter, upon the exercise hereof as provided in Section 1, be entitled to receive that number of shares of Common Stock determined by multiplying the number of shares of Common Stock issuable upon exercise hereof immediately before such adjustment by a fraction, the numerator of which is the Purchase Price that was in effect immediately before such adjustment, and the denominator of which is the Purchase Price in effect on the date of such exercise.

ADJUSTMENT UPON EXTRAORDINARY EVENTS. In the event that the Company shall ------------------------------------ (i) issue additional shares of Common Stock as a dividend or other distribution on outstanding Common Stock, (ii) subdivide its outstanding shares of Common Stock, or (iii) combine its outstanding shares of Common Stock into a smaller number of shares of the Common Stock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which is the number of shares of Common Stock outstanding immediately before such event and the denominator of which is the number of shares of Common Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price. Upon any such adjustment, the holder of this Warrant shall thereafter, upon the exercise hereof as provided in Section 1, be entitled to receive that number of shares of Common Stock determined by multiplying the number of shares of Common Stock issuable upon exercise hereof immediately before such adjustment by a fraction, the numerator of which is the Purchase Price that was in effect immediately before such adjustment, and the denominator of which is the Purchase Price in effect on the date of such exercise.