Common use of Adjustments for Reclassification and Reorganization Clause in Contracts

Adjustments for Reclassification and Reorganization. In case of any --------------------------------------------------- reclassification or change of outstanding securities issuable upon exercise of the Warrant (other than a change in par value, or from par value to no par value, or from no par value to par value or as a result of a subdivision or combination) or in case of any consolidation or merger of the Company with or into another corporation (other than a merger with another corporation in which the Company is the surviving corporation and which does not result in any reclassification or change, other than a change in par value, or from par value to no par value, or from no par value to par value, or as a result of a subdivision or combination of outstanding securities issuable upon the exercise of the Warrant), or in case of any sale or transfer to another corporation of the property of the Company as an entirety or substantially as an entirety, the Company, or such successor or purchasing corporation, as the case may be, shall without payment of any additional consideration therefor, execute new warrants providing that the holder of the Warrant shall have the right to exercise such new warrant (upon terms not less favorable to the holders than those then applicable to the Warrant) and to receive upon such exercise, in lieu of each share of Common Stock theretofore issuable upon exercise of the Warrant, the kind and amount of shares of stock, other securities, money or property receivable upon such reclassification, change, consolidation, merger, sale or transfer by the holder of one share of Common Stock issuable upon exercise of the Warrant had the Warrant been exercised immediately prior to such reclassification, change, consolidation, merger, sale or transfer. Such new warrants shall provide for adjustments which shall be as nearly equivalent as may be practicable to the adjustments provided for in Section 7 hereof and this Section 8. The provisions of this Section 8 shall similarly apply to successive reclassifications, changes, consolidations, mergers, sales and transfers.

Adjustments for Reclassification and Reorganization. In case of any --------------------------------------------------- reclassification or change of outstanding securities issuable upon exercise of the this Warrant (other than a change in par value, or from par value to no par value, or from no par value to par value or as a result of a subdivision or combination) or in case of any consolidation or merger of the Company with or into another corporation (other than a merger with another corporation in which the Company is the surviving corporation and which does not result in any reclassification or change, other than a change in par value, or from par value to no par value, or from no par value to par value, or as a result of a subdivision or combination of outstanding securities issuable upon the exercise of the Warrant), or in case of any sale or transfer to another corporation of the property of the Company as an entirety or substantially as an entirety, the Company, or such successor or purchasing corporation, as the case may be, shall shall, without payment of any additional consideration therefor, execute or require the execution of new warrants providing that the holder holders of the Warrant Warrants shall have the right to exercise such new warrant warrants (upon terms not less favorable to the holders than those then applicable to the WarrantWarrants) and to receive upon such exercise, in lieu of each share of Common Stock theretofore issuable upon exercise of the WarrantWarrants, the kind and amount of shares of stock, other securities, money or property receivable upon such reclassification, change, consolidation, merger, sale or transfer by the holder of one share of Common Stock issuable upon exercise of the Warrant Warrants had the Warrant Warrants been exercised immediately prior to such reclassification, change, consolidation, merger, sale or transfer. Such new warrants warrant shall provide for adjustments which shall be as nearly equivalent as may be practicable to the adjustments provided for in Section 7 6 hereof and this Section 87. The provisions of this Section 8 7 shall similarly apply to successive reclassifications, changes, consolidations, mergers, sales and transfers.

Adjustments for Reclassification and Reorganization. In case of any --------------------------------------------------- reclassification or change of outstanding securities issuable upon exercise of the this Warrant (other than a change in par value, or from par value to no par value, or from no par value to par value or as a result of a subdivision or combination) or in case of any consolidation or merger of the Company with or into another corporation (other than a merger with another corporation in which the Company is the surviving corporation and which does not result in any reclassification or change, other than a change in par value, or from par value to no par value, or from no par value to par value, or as a result of a subdivision or combination of outstanding securities issuable upon the exercise of the Warrant), or in case of any sale or transfer to another corporation of the property of the Company as an entirety or substantially as an entirety, the Company, or such successor or purchasing corporation, as the case may be, shall shall, without payment of any additional consideration therefor, execute or require the execution of new warrants providing that the holder holders of the Warrant Warrants shall have the right to exercise such new warrant warrants (upon terms not less favorable to the holders than those then applicable to the WarrantWarrants) and to receive upon such exercise, in lieu of each share of Common Stock theretofore issuable upon exercise of the WarrantWarrants, the kind and amount of shares of stock, other securities, money or property receivable upon such reclassification, change, consolidation, merger, sale or transfer by the holder of one share of Common Stock issuable upon exercise of the Warrant Warrants had the Warrant Warrants been exercised immediately prior to such reclassification, change, consolidation, merger, sale or transfer. Such new warrants shall provide for adjustments which shall be as nearly equivalent as may be practicable to the adjustments provided for in Section 7 6 hereof and this Section 87. The provisions of this Section 8 7 shall similarly apply to successive reclassifications, changes, consolidations, mergers, sales and transfers.