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

Adjustments for Stock Dividends; Combinations, Etc. In case the Company shall do any of the following (an “Event”): (a) declare a dividend or other distribution on its common stock payable in common stock of the Company, (b) subdivide the outstanding common stock pursuant to a stock split or otherwise, (c) combine the outstanding common stock into a smaller number of shares pursuant to a reverse split or otherwise, or (d) reclassify or otherwise change its common stock, 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, reclassification or other change shall be changed to a price determined by dividing (i) the product of the number of shares outstanding immediately prior to such Event, multiplied by the Exercise Price in effect immediately prior to such Event by (ii) the number of shares outstanding immediately after such Event. Each such adjustment of the Exercise Price shall be calculated to the nearest 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.

Adjustments for Stock Dividends; Combinations, Etc. (a) In case the Company shall do any of the following (an “"Event”"): (aI) declare a dividend or other distribution on its common stock Common Shares payable in common stock Common Shares of the Company, (bii) subdivide the outstanding common stock Common Shares pursuant to a stock split or otherwise, (ciii) combine the outstanding common stock Common Shares into a smaller number of shares pursuant to a reverse split or otherwise, or (div) reclassify or otherwise change its common stockCommon 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 or reclassification or other change shall be changed to a price determined by dividing (ia) the product of the number of shares Common Shares outstanding immediately prior to such Event, multiplied by the Exercise Price in effect immediately prior to such Event by (iib) the number of shares Common Shares outstanding immediately after such Event. Each such adjustment of the Exercise Price shall be calculated to the nearest cent. No such adjustment shall be made in an amount less than one cent five cents ($.01.05), 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.

Adjustments for Stock Dividends; Combinations, Etc. In case --------------------------------------------------- the Company shall do any of the following (each, an “"Event”"): (a) declare a dividend or other distribution on its common stock Common Shares payable in common Common Shares of the Company; (b) effect a subdivision of its outstanding Common Shares into a greater number of Common Shares (by reclassification, stock split or otherwise than by payment of a dividend in Common Shares); (c) effect a combination of its outstanding Common Shares into a lesser number of Common Shares (by reclassification, reverse split or otherwise); (d) issue by reclassification, exchange or substitution of its Common Shares any shares of capital stock of the Company, (b) subdivide the outstanding common stock pursuant to a stock split or otherwise, (c) combine the outstanding common stock into a smaller number of shares pursuant to a reverse split or otherwise, ; or (de) reclassify or otherwise change its common stockeffect any other transaction having a similar effect, 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, reclassification or other change Event shall be changed adjusted to a price determined by dividing (i) multiplying such Exercise Price by a fraction, the product numerator of which shall be the number of shares Common Shares outstanding immediately prior to such Event, multiplied by Event and the Exercise Price in effect immediately prior to such Event by (ii) denominator of which shall be the number of shares Common Shares outstanding immediately after such Event. Each such adjustment of the Exercise Price shall be calculated to the nearest cent. No such adjustment shall be made in an amount less than one cent 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.

Adjustments for Stock Dividends; Combinations, Etc. In case the Company shall do any of the following (an “"Event”"): (a) declare a dividend or other distribution on its common stock Common Shares payable in common stock Common Shares of the Company, (b) subdivide the effect a subdivision of its outstanding common stock pursuant to Common Shares into a greater number of Common Shares (by reclassification, stock split or otherwiseotherwise than by payment of a dividend in Common Shares), (c) combine the effect a combination of its outstanding common stock Common Shares into a smaller lesser number of shares pursuant to a Common Shares (by reclassification, reverse split or otherwise), (d) issue by reclassification, exchange or substitution of its Common Shares any shares of capital stock of the Company, or (de) reclassify or otherwise change its common stockeffect any other transaction having similar effect, 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, reclassification reclassification, exchange or other change substitution shall be changed to a price determined by dividing (i) multiplying such Exercise Price by a fraction, of which the product of numerator shall be the number of shares Common Shares outstanding immediately prior to such Event, multiplied by and the Exercise Price in effect immediately prior to such Event by (ii) denominator shall be the number of shares Common Shares outstanding immediately after such Event. Each such adjustment of the Exercise Price shall be calculated to the nearest 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.