Common use of Common Stock Issuances Clause in Contracts

Common Stock Issuances. If the Company issues Additional Shares of Common Stock for a per share less than Fair Market Price on the date the Company fixes the offering price of such Common Stock, the number of shares of Common Stock issuable upon the exercise of each Warrant shall be adjusted in accordance with the formula: A W(1)=W x ----- P O+--- C where: W(1) = the adjusted number of shares of Common Stock issuable upon the exercise of each Warrant. W = the number of shares of Common Stock issuable upon the exercise of each Warrant immediately prior to any such issuance. O = the number of shares of Common Stock outstanding immediately prior to the issuance of such Additional Shares. P = the aggregate consideration received for the issuance of such Additional Shares. C = Fair Market Price in effect on the date of issuance of such Additional Shares. A = the number of shares of Common Stock outstanding immediately after the issuance of such Additional Shares. Provided that for the purpose of this Section 3.4, all shares of Common Stock issuable upon exercise or conversion of outstanding Convertible Securities shall be deemed to be outstanding. The adjustment shall be made successively whenever any such issuance is made, and shall become effective immediately after such issuance.

Common Stock Issuances. If the Company issues Additional Shares of Common Stock for a per share less than Fair Market Price on the date the Company fixes the offering price of such Common Stock, the number of shares of Common Stock issuable upon the exercise of each Warrant shall be adjusted in accordance with the formula: A W(1)=W W' = W x ----- --- P O+--- O + --- C where: W(1) : W' = the adjusted number of shares of Common Stock issuable upon the exercise of each Warrant. W = the number of shares of Common Stock issuable upon the exercise of each Warrant immediately prior to any such issuance. O = the number of shares of Common Stock outstanding immediately prior to the issuance of such Additional Shares. P = the aggregate consideration received for the issuance of such Additional Shares. C = Fair Market Price in effect on the date of issuance of such Additional Shares. A = the number of shares of Common Stock outstanding immediately after the issuance of such Additional Shares. Provided that for the purpose of this Section 3.4, all shares of Common Stock issuable upon exercise or conversion of outstanding Convertible Securities shall be deemed to be outstanding. The adjustment shall be made successively whenever any such issuance is made, and shall become effective immediately after such issuance.

Common Stock Issuances. If the Company issues Additional Shares of Common Stock for a per share less than Fair Market Price on the date the Company fixes the offering price of such Common Stock, the number of shares of Common Stock issuable upon the exercise of each Warrant shall be adjusted in accordance with the formula: A W(1)=W W'= W x ----- ------- P O+--- O + --- C where: W(1) : W' = the adjusted number of shares of Common Stock issuable upon the exercise of each Warrant. W = the number of shares of Common Stock issuable upon the exercise of each Warrant immediately prior to any such issuance. O = the number of shares of Common Stock outstanding immediately prior to the issuance of such Additional Shares. P = the aggregate consideration received for the issuance of such Additional Shares. C = Fair Market Price in effect on the date of issuance of such Additional Shares. A = the number of shares of Common Stock outstanding immediately after the issuance of such Additional Shares. Provided that for the purpose of this Section 3.4, all shares of Common Stock issuable upon exercise or conversion of outstanding Convertible Securities shall be deemed to be outstanding. The adjustment shall be made successively whenever any such issuance is made, and shall become effective immediately after such issuance.