Common use of Adjustments for Stock Dividends; Combinations, Etc Clause in Contracts

Adjustments for Stock Dividends; Combinations, Etc. (a) In case the Company shall do any of the following (an “Event”): (i) declare a dividend or other distribution on its Common Shares payable in Common Shares of the Company, (ii) subdivide the outstanding Common Shares pursuant to a stock split or otherwise, (iii) combine the outstanding Common Shares into a smaller number of shares pursuant to a reverse split or otherwise, or (iv) reclassify its Common Shares, then the Exercise Price in effect at the time of the record date for such dividend or other distribution or of the effective date of such subdivision, combination or reclassification shall be changed to a price determined by dividing (a) the product of the number of Common Shares outstanding immediately prior to such Event, multiplied by the Exercise Price in effect immediately prior to such Event by (b) the number of Common Shares outstanding immediately after such Event. Each such adjustment of the Exercise Price shall be calculated to the nearest one-hundredth of a cent. Such adjustment shall be made successively whenever any Event listed above shall occur. (b) Whenever the Exercise Price is adjusted as set forth in Section 6.1 (whether or not the Company then or thereafter elects to issue additional Warrants in substitution for an adjustment in the number of shares of Warrant Stock), the number of shares of Warrant Stock specified in each Warrant which the Holder may purchase shall be adjusted, to the nearest full share, by multiplying such number of shares of Warrant Stock immediately prior to such adjustment by a fraction, of which the numerator shall be the Exercise Price immediately prior to such adjustment and the denominator shall be the Exercise Price immediately thereafter.

Adjustments for Stock Dividends; Combinations, Etc. (a) In case the Company shall do any of the following (an “"Event”"): (i) declare a dividend or other distribution on its Common Shares payable in Common Shares of the Company, (ii) subdivide the outstanding Common Shares pursuant to a stock split or otherwise, (iii) combine the outstanding Common Shares into a smaller number of shares pursuant to a reverse split or otherwise, or (iv) reclassify its Common Shares, then the Exercise Price in effect at the time of the record date for such dividend or other distribution or of the effective date of such subdivision, combination or reclassification shall be changed to a price determined by dividing (a) the product of the number of Common Shares outstanding immediately prior to such Event, multiplied by the Exercise Price in effect immediately prior to such Event by (b) the number of Common Shares outstanding immediately after such Event. Each such adjustment of the Exercise Price shall be calculated to the nearest one-hundredth of a cent. No such adjustment shall be made in an amount less than one cent ($.01), but any such amount shall be carried forward and shall be given effect in connection with the next subsequent adjustment. Such adjustment shall be made successively whenever any Event listed above shall occur. (b) Whenever the Exercise Price is adjusted as set forth in this Section 6.1 (whether or not the Company then or thereafter elects to issue additional Warrants in substitution for an adjustment in the number of shares of Warrant Stock), the number of shares of Warrant Stock specified in each Warrant which the Holder may purchase shall be adjusted, to the nearest full share, by multiplying such number of shares of Warrant Stock Common Shares immediately prior to such adjustment by a fraction, of which the numerator shall be the Exercise Price immediately prior to such adjustment and the denominator shall be the Exercise Price immediately thereafter.

Adjustments for Stock Dividends; Combinations, Etc. (a) In case the Company shall do any of the following (an “Event”): (i) declare a dividend or other distribution on its shares of Common Shares Stock payable in shares of Common Shares Stock of the Company, (ii) subdivide the outstanding shares of Common Shares Stock pursuant to a stock split or otherwise,, or (iii) combine the outstanding shares of Common Shares Stock into a smaller number of shares pursuant to a reverse split or otherwise, or (iv) reclassify its Common Shares, then the Exercise Price in effect at the time of the record date for such dividend or other distribution or of the effective date of such subdivision, subdivision or combination or reclassification shall be changed to a price determined by dividing (a) the product of the number of shares of Common Shares Stock outstanding immediately prior to such Event, multiplied by the Exercise Price in effect immediately prior to such Event by (b) the number of shares of Common Shares Stock outstanding immediately after such Event. Each such adjustment of the Exercise Price shall be calculated to the nearest one-hundredth of a cent. Such adjustment shall be made successively whenever any Event listed above shall occur. (b) . Whenever the Exercise Price is adjusted as set forth in this Section 6.1 2(b) (whether or not the Company then or thereafter elects to issue additional Warrants in substitution for an adjustment in the number of shares of Warrant Stock), the number of shares of Warrant Stock Shares specified in each Warrant which the Holder may purchase shall be adjusted, to the nearest full share, by multiplying such number of shares of Warrant Stock Shares immediately prior to such adjustment by a fraction, of which the numerator shall be the Exercise Price immediately prior to such adjustment and the denominator shall be the Exercise Price immediately thereafter.

Adjustments for Stock Dividends; Combinations, Etc. (a) In case the Company shall do any of the following (an “"Event”"): (i) declare a dividend or other distribution on its Common Shares payable in Common Shares of the Company, (ii) subdivide the outstanding Common Shares pursuant to a stock split or otherwise, (iii) combine the outstanding Common Shares into a smaller number of shares pursuant to a reverse split or otherwise, or (iv) reclassify or otherwise change its Common Shares, then the Exercise Price in effect at the time of the record date for such dividend or other distribution or of the effective date of such subdivision, combination combination, reclassification or reclassification other change shall be changed to a price determined by dividing (a) the product of the number of Common Shares outstanding immediately prior to such Event, multiplied by the Exercise Price in effect immediately prior to such Event by (b) the number of Common Shares outstanding immediately after such Event. Each such adjustment of the Exercise Price shall be calculated to the nearest one-hundredth of a cent. No such adjustment shall be made in an amount less than one cent ($.01), but any such amount shall be carried forward and shall be given effect in connection with the next subsequent adjustment. Such adjustment shall be made successively whenever any Event listed above shall occur. (b) Whenever the Exercise Price is adjusted as set forth in Section 6.1 (whether or not the Company then or thereafter elects to issue additional Warrants in substitution for an adjustment in the number of shares of Warrant Stock), the number of shares of Warrant Stock specified in each Warrant which the Holder may purchase shall be adjusted, to the nearest full share, by multiplying such number of shares of Warrant Stock immediately prior to such adjustment by a fraction, of which the numerator shall be the Exercise Price immediately prior to such adjustment and the denominator shall be the Exercise Price immediately thereafter.

Adjustments for Stock Dividends; Combinations, Etc. (a) In case the Company shall do any of the following (an “Event”): (i) declare a dividend or other distribution on its Common Shares payable in Common Shares of the Company, (ii) subdivide the outstanding Common Shares pursuant to a stock split or otherwise, (iii) combine the outstanding Common Shares into a smaller number of shares pursuant to a reverse split or otherwise, or (iv) reclassify its Common Shares, then then, if the Exercise Price in effect has been established at the time of the record date for such dividend or other distribution or of the effective date of such subdivision, combination or reclassification reclassification, with respect to any exercise of this Warrant after the Event, such Exercise Price shall be changed to a price determined by dividing (a) the product of the number of Common Shares outstanding immediately prior to such Event, multiplied by the Exercise Price in effect immediately prior to such Event by (b) the number of Common Shares outstanding immediately after such Event. Each such adjustment of the Exercise Price shall be calculated to the nearest one-hundredth of a cent. Such adjustment shall be made successively whenever any Event listed above shall occuroccur and shall be subject to adjustment as provided for in Section 6.2. (b) Whenever the Exercise Price is adjusted as set forth in Section 6.1 an Event shall occur (whether or not the Company then or thereafter elects to issue additional Warrants in substitution for an adjustment in the number of shares of Warrant Stock), with respect to any exercise of this Warrant after the Event, the number of shares of Warrant Stock specified in each this Warrant which the Holder may purchase shall be adjusted, to the nearest full share, by multiplying such number of shares of Warrant Stock immediately prior to such adjustment by a fraction, of which the numerator shall be the Exercise Price number of Common Shares outstanding immediately prior to after such adjustment Event and the denominator shall be the Exercise Price number of Common Shares outstanding immediately thereafterprior to such Event.

Adjustments for Stock Dividends; Combinations, Etc. (a) In case the Company shall do any of the following (an “"Event”"): (i) declare a dividend or other distribution on its Common Shares payable in Common Shares of the Company, (ii) subdivide the outstanding Common Shares pursuant to a stock split or otherwise, (iii) combine the outstanding Common Shares into a smaller number of shares pursuant to a reverse split or otherwise, or (iv) reclassify its Common Shares, then the Exercise Price in effect at the time of the record date for such dividend or other distribution or of the effective date of such subdivision, combination or reclassification shall be changed to a price determined by dividing (a) the product of the number of Common Shares outstanding immediately prior to such Event, multiplied by the Exercise Price in effect immediately prior to such Event by (b) the number of Common Shares outstanding immediately after such Event. Each such adjustment of the Exercise Price shall be calculated to the nearest one-hundredth of a cent. No such adjustment shall be made in an amount less than five cents ($.05), but any such amount shall be carried forward and shall be given effect in connection with the next subsequent adjustment. Such adjustment shall be made successively whenever any Event listed above shall occur. (b) Whenever the Exercise Price is adjusted as set forth in Section 6.1 (whether or not the Company then or thereafter elects to issue additional Warrants in substitution for an adjustment in the number of shares of Warrant Stock), the number of shares of Warrant Stock specified in each Warrant which the Holder may purchase shall be adjusted, to the nearest full share, by multiplying such number of shares of Warrant Stock immediately prior to such adjustment by a fraction, of which the numerator shall be the Exercise Price immediately prior to such adjustment and the denominator shall be the Exercise Price immediately thereafter.