Common use of Adjustments of Conversion Price upon Stock Splits and Combinations Clause in Contracts

Adjustments of Conversion Price upon Stock Splits and Combinations. (i) If the Company shall at any time or from time to time after the Issuance Date, effect a stock split of the outstanding Shares, the Conversion Price shall be proportionately decreased. For example, a 2:1 stock split shall result in a decrease in the Conversion Price by one half, taking into account all prior adjustments made thereto under this Section 7. If the Company shall at any time or from time to time after the Issuance Date, combine the outstanding Shares, the Conversion Price shall be proportionately increased. For example, a 1:2 combination shall result in an increase in the Conversion Price by a multiple of 2, taking into account all prior adjustments made thereto under this Section 7. (ii) Any adjustments under this Section 7(a) shall be effective at the close of business on the date the stock split or combination becomes effective.