Common use of Conversion of Common Stock Clause in Contracts

Conversion of Common Stock. In case all or any portion of the authorized and outstanding shares of Common Stock of the Company are redeemed or converted or reclassified into other securities or property pursuant to the Company’s Certificate of Incorporation or otherwise, or the Common Stock otherwise ceases to exist, then, in such case, the Optionee, upon exercise of the Option at any time after the date on which the Common Stock is so redeemed or converted, reclassified or ceases to exist (the “Termination Date”), shall receive, in lieu of the number of shares of Common Stock that would have been issuable upon such exercise immediately prior to the Termination Date, the securities or property that would have been received if the Option had been exercised in full and the Common Stock received thereupon had been simultaneously converted immediately prior to the Termination Date, all subject to further adjustment as provided in this Option Agreement. Additionally, the Exercise Price shall be immediately adjusted to equal the quotient obtained by dividing (x) the aggregate Exercise Price of the maximum number of shares of Common Stock for which the Option was exercisable immediately prior to the Termination Date by (y) the number of shares of Common Stock of the Company for which the Option is exercisable immediately after the Termination Date, all subject to further adjustment as provided herein.

Conversion of Common Stock. In case all or any portion of the authorized and outstanding shares of Common Stock of the Company are redeemed or converted or reclassified into other securities or property pursuant to the Company’s 's Certificate of Incorporation or otherwise, or the Common Stock otherwise ceases to exist, then, in such case, the OptioneeHolder of this Warrant, upon exercise of the Option hereof at any time after the date on which the Common Stock is so redeemed or converted, reclassified or ceases to exist (the “"Termination Date”"), shall receive, in lieu of the number of shares of Common Stock that would have been issuable upon such exercise immediately prior to the Termination Date, the securities or property that would have been received if the Option this Warrant had been exercised in full and the Common Stock received thereupon had been simultaneously converted immediately prior to the Termination Date, all subject to further adjustment as provided in this Option AgreementWarrant. Additionally, the Exercise Purchase Price shall be immediately adjusted to equal the quotient obtained by dividing (x) the aggregate Exercise Purchase Price of the maximum number of shares of Common Stock for which the Option this Warrant was exercisable immediately prior to the Termination Date by (y) the number of shares of Common Stock of the Company for which the Option this Warrant is exercisable immediately after the Termination Date, all subject to further adjustment as provided herein.

Conversion of Common Stock. In case If all or any portion of the authorized and outstanding shares of Common Stock of the Company are redeemed or converted or reclassified into other securities or property pursuant to the Company’s 's Certificate of Incorporation or otherwise, or the Common Stock otherwise ceases to exist, then, in such case, the OptioneeHolder of this Warrant, upon exercise of the Option hereof at any time after the date on which the Common Stock is so redeemed or converted, reclassified or ceases to exist (the “"Termination Date”"), shall receive, in lieu of the number of shares of Common Stock that would have been issuable deliverable upon such exercise immediately prior to the Termination Date, the securities or property that would have been received if the Option this Warrant had been exercised in full and the Common Stock received thereupon had been simultaneously converted immediately prior to the Termination Date, all subject to further adjustment as provided in this Option AgreementWarrant. Additionally, the Exercise Purchase Price shall be immediately adjusted to equal the quotient obtained by dividing (x) the aggregate Exercise Purchase Price of the maximum number of shares of Common Stock for which the Option this Warrant was exercisable immediately prior to the Termination Date by (y) the number of shares of Common Stock securities of the Company for which the Option this Warrant is exercisable immediately after the Termination Date, all subject to further adjustment as provided herein.

Conversion of Common Stock. In case If all or any portion of the authorized and outstanding shares of Common Stock of the Company are redeemed or converted or reclassified into other securities or property pursuant to the Company’s 's Certificate of Incorporation or otherwise, or the Common Stock otherwise ceases to exist, then, in such case, the OptioneeHolder of this Warrant, upon exercise of the Option hereof at any time after the date on which the Common Stock is so redeemed or converted, reclassified or ceases to exist (the “"Termination Date”"), shall receive, in lieu of the number of shares of Common Stock that would have been issuable upon such exercise immediately prior to the Termination Date, the securities or property shares of Common Stock that would have been received if the Option this Warrant had been exercised in full and the Common Stock received thereupon had been simultaneously converted immediately prior to the Termination Date, all subject to further adjustment as provided in this Option AgreementWarrant. Additionally, the Exercise Purchase Price shall be immediately adjusted to equal the quotient obtained by dividing (xa) the aggregate Exercise Purchase Price of the maximum number of shares of Common Stock for which the Option this Warrant was exercisable immediately prior to the Termination Date by (yb) the number of shares of Common Stock of the Company for which the Option this Warrant is exercisable immediately after the Termination Date, all subject to further adjustment as provided herein.

Conversion of Common Stock. In case all or any portion of the authorized and outstanding shares of Common Stock of the Company are redeemed or converted or reclassified into other securities or property pursuant to the Company’s Certificate of Incorporation charter or otherwise, or the Common Stock otherwise ceases to exist, then, in such case, the OptioneeGrantee, upon exercise of the Option at any time after the date on which the Common Stock is so redeemed or converted, reclassified or ceases to exist (the “Termination Date”), shall receive, in lieu of the number of shares of Common Stock that would have been issuable upon such exercise immediately prior to the Termination Date, the securities or property that would have been received if the Option had been exercised in full and the Common Stock received thereupon had been simultaneously converted immediately prior to the Termination Date, all subject to further adjustment as provided in this Option Agreement. Additionally, the Exercise Price shall be immediately adjusted to equal the quotient obtained by dividing (xi) the aggregate Exercise Price of the maximum number of shares of Common Stock for which the Option was exercisable immediately prior to the Termination Date Date, by (yii) the number of shares of Common Stock of the Company for which the Option is exercisable immediately after the Termination Date, all subject to further adjustment as provided herein.

Conversion of Common Stock. In case all or any portion of the authorized and outstanding shares of Common Stock of the Company are redeemed or converted or reclassified into other securities or property pursuant to the Company’s Certificate Articles of Incorporation or otherwise, or the Common Stock otherwise ceases to exist, then, in such case, the OptioneeRegistered Holder of this Warrant, upon exercise of the Option hereof at any time after the date on which the Common Stock is so redeemed or converted, reclassified or ceases to exist (the “Termination Date”), shall receive, in lieu of the number of shares of Common Stock Shares that would have been issuable upon such exercise immediately prior to the Termination Date, the securities or property that would have been received if the Option this Warrant had been exercised in full and the Common Stock Shares received thereupon had been simultaneously converted immediately prior to the Termination Date, all subject to further adjustment as provided in this Option AgreementWarrant. Additionally, the Exercise Purchase Price shall be immediately adjusted to equal the quotient obtained by dividing (x) the aggregate Exercise Purchase Price of the maximum number of shares of Common Stock Shares for which the Option this Warrant was exercisable immediately prior to the Termination Date by (y) the number of shares of Common Stock of the Company Shares for which the Option this Warrant is exercisable immediately after the Termination Date, all subject to further adjustment as provided herein.

Conversion of Common Stock. In case all or any portion of the authorized and outstanding shares of Common Stock of the Company are redeemed or converted or reclassified into other securities or property pursuant to the Company’s Certificate of Incorporation or otherwise, or the Common Stock otherwise ceases to exist, then, in such case, the OptioneeHolder of this Warrant, upon exercise of the Option hereof at any time after the date on which the Common Stock is so redeemed or converted, reclassified or ceases to exist (the “Termination Date”), shall receive, in lieu of the number of shares of Common Stock that would have been issuable upon such exercise immediately prior to the Termination Date, the securities or property that would have been received if the Option this Warrant had been exercised in full and the Common Stock received thereupon had been simultaneously converted immediately prior to the Termination Date, all subject to further adjustment as provided in this Option AgreementWarrant. Additionally, the Exercise Price shall be immediately adjusted to equal the quotient obtained by dividing (x) the aggregate Exercise Price of the maximum number of shares of Common Stock for which the Option this Warrant was exercisable immediately prior to the Termination Date by (y) the number of shares of Common Stock of the Company for which the Option this Warrant is exercisable immediately after the Termination Date, all subject to further adjustment as provided herein.

Conversion of Common Stock. In case all or any portion of the authorized and outstanding shares of Common Stock of the Company are redeemed or converted or reclassified into other securities or property pursuant to the Company’s Certificate of Incorporation or otherwise, or the Common Stock otherwise ceases to exist, then, in such case, the Optionee, upon exercise of the Option hereof at any time after the date on which the Common Stock is so redeemed or converted, reclassified or ceases to exist (the “Termination Date”), shall receive, in lieu of the number of shares of Common Stock that would have been issuable upon such exercise immediately prior to the Termination Date, the securities or property that would have been received if the Option these Stock Options had been exercised in full and the Common Stock received thereupon had been simultaneously converted immediately prior to the Termination Date, all subject to further adjustment as provided in this Option Agreementthese Stock Options. Additionally, the Exercise Option Price shall be immediately adjusted to equal the quotient obtained by dividing (x) the aggregate Exercise Option Price of the maximum number of shares of Common Stock for which the Option these Stock Options was exercisable immediately prior to the Termination Date by (y) the number of shares of Common Stock of the Company for which the Option these Stock Options is exercisable immediately after the Termination Date, all subject to further adjustment as provided herein.

Conversion of Common Stock. In case all or any portion of the authorized and outstanding shares of Common Stock of the Company are redeemed or converted or reclassified into other securities or property pursuant to the Company’s 's Certificate of Incorporation or otherwise, or the Common Stock otherwise ceases to exist, then, in such case, the OptioneeHolder of this Warrant, upon exercise of the Option hereof at any time after the date on which the Common Stock is so redeemed or converted, reclassified or ceases to exist (the “"Termination Date”"), shall receive, in lieu of the number of shares of Common Stock that would have been issuable upon such exercise immediately prior to the Termination Date, the securities or property that would have been received if the Option this Warrant had been exercised in full and the Common Stock received thereupon had been simultaneously converted immediately prior to the Termination Date, all subject to further adjustment as provided in this Option AgreementWarrant. Additionally, the Exercise Purchase Price shall be immediately adjusted to equal the quotient obtained by dividing (xi) the aggregate Exercise Purchase Price of the maximum number of shares of Common Stock for which the Option this Warrant was exercisable immediately prior to the Termination Date by (yii) the number of shares of Common Stock of the Company for which the Option this Warrant is exercisable immediately after the Termination Date, all subject to further adjustment as provided herein.

Conversion of Common Stock. In case all or any portion of the authorized and outstanding shares of Common Stock of the Company are redeemed or converted or reclassified into other securities or property pursuant to the Company’s 's Certificate of Incorporation or otherwise, or the Common Stock otherwise ceases to exist, then, in such case, the Optionee, upon exercise of the Option hereof at any time after the date on which the Common Stock is so redeemed or converted, reclassified or ceases to exist (the “Termination Date”"TERMINATION DATE"), shall receive, in lieu of the number of shares of Common Stock Shares that would have been issuable upon such exercise immediately prior to the Termination Date, the securities or property that would have been received if the this Option had been exercised in full and the Common Stock Shares received thereupon had been simultaneously converted immediately prior to the Termination Date, all subject to further adjustment as provided in this Option AgreementOption. Additionally, the Exercise Price shall be immediately adjusted to equal the quotient obtained by dividing (x) such that the aggregate Exercise Purchase Price of the maximum number of shares of Common Stock securities or other property for which this Option is exercisable immediately after the Termination Date is equal to the aggregate Purchase Price of the maximum number of Shares for which this Option was exercisable immediately prior to the Termination Date by (y) the number of shares of Common Stock of the Company for which the Option is exercisable immediately after the Termination Date, all subject to further adjustment as provided herein.