Common use of Dividends; Reclassifications; Etc Clause in Contracts

Dividends; Reclassifications; Etc. In case, prior to the expiration of this Warrant by exercise or by its terms, the Company shall at any time issue Common Stock as a stock dividend or other distribution, or subdivide the number of outstanding shares of Common Stock into a greater number of shares, then, in either of such cases, the Purchase Price per share of the Warrant Shares purchasable pursuant to this Warrant in effect at the time of such action shall be proportionately reduced and the number of Warrant Shares at that time purchasable pursuant to this Warrant shall be proportionately increased; and conversely, in the event the Company shall contract the number of outstanding shares of Common Stock by combining such shares into a smaller number of shares, then, in such case, the Purchase Price per share of the Warrant Shares purchasable pursuant to this Warrant in effect at the time of such action shall be proportionately increased and the number of Warrant Shares at that time purchasable pursuant to this Warrant shall be proportionately decreased. If the Company shall, at any time during the life of this Warrant, declare a dividend payable in cash on its Common Stock and shall at substantially the same time offer to the holders of its Common Stock a right to purchase new Common Stock from the proceeds of such dividend or for an amount substantially equal to the dividend, all shares of Common Stock so issued shall, for the purpose of this Warrant, be deemed to have been issued as a stock dividend. Any dividend paid or distributed upon the Common Stock in shares of any other class of securities convertible into Common Stock shall be treated as a dividend paid in Common Stock to the extent that Common Stock is issuable upon the conversion thereof.

Dividends; Reclassifications; Etc. In case, prior to the expiration of this Warrant by exercise or by its terms, the Company shall at any time issue Common Stock Warrant Shares as a stock dividend or other distribution, or subdivide the number of outstanding shares of Common Stock Warrant Shares into a greater number of shares, then, in either of such cases, the Purchase Per Share Price per share of the Warrant Shares purchasable pursuant to this Warrant in effect at the time of such action shall be proportionately reduced and the number of Warrant Shares at that time purchasable pursuant to this Warrant shall be proportionately increased; and conversely, in the event the Company shall contract the number of outstanding shares of Common Stock Warrant Shares by combining such shares into a smaller number of shares, then, in such case, the Purchase Per Share Price per share of the Warrant Shares purchasable pursuant to this Warrant in effect at the time of such action shall be proportionately increased and the number of Warrant Shares at that time purchasable pursuant to this Warrant shall be proportionately decreased. If the Company shall, at any time during the life of this Warrant, declare a dividend payable in cash on its Common Stock Warrant Shares and shall at substantially the same time offer to the holders of its Common Stock Warrant Shares a right to purchase new Common Stock Warrant Shares from the proceeds of such dividend or for an amount substantially equal to the dividend, all shares of Common Stock Warrant Shares so issued shall, for the purpose of this Warrant, be deemed to have been issued as a stock dividend. Any dividend paid or distributed upon the Common Stock Warrant Shares in shares of any other class of securities convertible into Common Stock the same class of stock as the Warrant Shares shall be treated as a dividend paid in Common Stock Warrant Shares to the extent that Common Stock is Warrant Shares are issuable upon the conversion thereof.