Common use of Adjustments for Stock Splits Clause in Contracts

Adjustments for Stock Splits. Immediately following the occurrence of any one or more Stock Splits occurring at any time prior to the Expiry Date, the Exercise Price in effect immediately prior to the occurrence of such event shall be adjusted such that the Exercise Price is equal to the product obtained by multiplying the Exercise Price immediately before the Stock Split by a fraction: (a) the numerator of which is the number of Common Shares issued and outstanding immediately before the Stock Split; and (b) the denominator of which is the number of Common Shares issued and outstanding immediately after the Stock Split. The maximum number of Warrant Shares which the Holder is entitled to purchase under this Warrant Certificate shall also be adjusted at the same time by multiplying the number by the inverse of the fraction set out above.

Adjustments for Stock Splits. Immediately following the occurrence of any one or more Stock Splits occurring at any time prior to the Expiry Date, the Exercise Price in effect immediately prior to the occurrence of such event shall be adjusted such that the Exercise Price is equal to the product obtained by multiplying the Exercise Price immediately before the Stock Split by a fraction: (a) the numerator of which is the number of Common Shares issued and outstanding immediately before the Stock Split; and (b) the denominator of which is the number of Common Shares issued and outstanding immediately after the Stock Split. The maximum number of Warrant Common Shares which the Holder is entitled to purchase for each Warrant issued under this Warrant Certificate shall also be adjusted at the same time by multiplying the number by the inverse of the fraction set out above.