Common use of Effect of Stock Changes Clause in Contracts

Effect of Stock Changes. If, at any time, or from time to time the Corporation, by stock dividend, stock split, subdivision, reverse split, consolidation, reclassification of shares, or otherwise, changes as a whole its outstanding Common Stock into a different number or class of shares, then, immediately upon the occurrence of the change, (1) the class of shares into which the Common Stock has been changed shall replace the Common Stock, for the purposes of this Warrant and the terms and conditions thereof, so that the Registered Owner shall be entitled to receive, and shall receive upon exercise of this Warrant, shares of the class of stock into which the Common Stock had been changed; (2) the number of shares received upon the exercise of this Warrant and the exercise price shall be proportionately adjusted for such event (for example, if the outstanding Common Stock of the Corporation is converted into X stock at a rate of one share of Common Stock into three shares of X stock, and prior to the change the Registered Owner was entitled, upon exercise of this Warrant, to receive 100 shares of Common Stock, then the registered owner shall, after the change, be entitled to receive 300 shares of X stock at an exercise price of $0.21 per share); and (3) irrespective of any adjustment or change in the number or class of shares to be received under this Warrant, this Warrant may continue to express the number and class of shares to be received upon exercise of this Warrant as if the number and class of shares to be received were expressed in this Warrant when it was initially issued.

Effect of Stock Changes. If, at any time, time or from time to time the CorporationCompany, by stock dividend, stock split, subdivision, reverse split, consolidation, reclassification of or shares, or otherwiseother similar structural change, changes as a whole its outstanding Common Stock into a different number or class of shares, then, immediately upon the occurrence of the change,: (1i) the class of shares into which the Common Stock has been changed shall replace the Common Stock, for the purposes of this Warrant and the terms and conditions thereofhereof, so that the Registered Owner registered owner or owners of this Warrant shall be entitled to receive, and shall receive upon exercise of this Warrant, shares of the class of stock into which the Common Stock had been changed; (2ii) the number of shares received purchasable upon the exercise of this Warrant and the exercise price shall proportionately be proportionately adjusted for such event adjusted. (for For example, if the outstanding Common common Stock of the Corporation is converted into X stock at a the rate of one (1) share of Common Stock into three (3) shares of X stock, and prior to the change the Registered Owner was registered owner or owners of this Warrant were entitled, upon exercise of this Warrant, to receive 100 purchase one hundred shares of Common Stock, then the registered owner or owners shall, after the change, be entitled to receive 300 purchase three hundred shares of X stock at an for the total same exercise price that the owner or owners had to pay prior to the change to purchase the one hundred shares of $0.21 per shareCommon Stock); and (3iii) irrespective the purchase price per share shall be proportionately adjusted. (In the above example, the purchase price per share would be reduced by two-thirds.) Irrespective of any adjustment or change in the number or class of shares to be received purchasable under this or any other Warrant of like tenor, or in the purchase price per share, this Warrant, this Warrant as well as any other warrant of like tenor, may continue to express the purchase price per share and the number and class of shares to be received purchasable upon exercise of this Warrant as if the purchase price per share and the number and class of shares to be received purchasable were expressed in this Warrant when it was initially issued.

Effect of Stock Changes. If, at any time, time or from time to time the CorporationCompany, by stock dividend, stock split, subdivision, reverse split, consolidation, reclassification of shares, or otherwise, changes as a whole its outstanding Common Stock into a different number or class of shares, then, immediately upon the occurrence of the change,: (1i) the The class of shares into which the Common Stock has been changed shall replace the Common Stock, for the purposes of this Warrant and the terms and conditions thereofhereof, so that the Registered Owner registered owner or owners of this Warrant shall be entitled to receive, and shall receive upon exercise of this Warrant, shares of the class of stock into which the Common Stock had been changed; (2ii) the The number of shares received Warrant Shares purchasable upon the exercise of this Warrant and the exercise price shall be proportionately adjusted for to reflect such event (for example, if the outstanding Common Stock of the Corporation is converted into X stock at a rate of one share of Common Stock into three shares of X stock, and prior to the change the Registered Owner was entitled, upon exercise of this Warrant, to receive 100 shares of Common Stock, then the registered owner shall, after the change, be entitled to receive 300 shares of X stock at an exercise price of $0.21 per share)split; and (3iii) irrespective The purchase price per Warrant Share shall be proportionately adjusted. Irrespective of any adjustment or change in the number or class of shares to be received purchasable under this or any other Warrant of like tenor, or in the purchase price per share, this Warrant, this Warrant as well as any other warrant of like tenor, may continue to express the purchase price per share and the number and class of shares to be received purchasable upon exercise of this Warrant as if the purchase price per share and the number and class of shares to be received purchasable were expressed in this Warrant when it was initially issued.

Effect of Stock Changes. If, at any time, or from time to time the Corporation, by stock dividend, stock split, subdivision, reverse split, consolidation, reclassification of shares, or otherwise, changes as a whole its outstanding Common Stock into a different number or class of shares, then, immediately upon the occurrence of the change, (1) the class of shares into which the Common Stock has been changed shall replace the Common Stock, for the purposes of this Warrant and the terms and conditions thereof, so that the Registered Owner shall be entitled to receive, and shall receive upon exercise of this Warrant, shares of the class of stock into which the Common Stock had been changed; (2) the number of shares received upon the exercise of this Warrant and the exercise price shall be proportionately adjusted for such event (for example, if the outstanding Common Stock of the Corporation is converted into X stock at a rate of one share of Common Stock into three shares of X stock, and prior to the change the Registered Owner was entitled, upon exercise of this Warrant, to receive 100 shares of Common Stock, then the registered owner shall, after the change, be entitled to receive 300 shares of X stock at an exercise price of [$0.21 0.33/$1.00] per share); and (3) irrespective of any adjustment or change in the number or class of shares to be received under this Warrant, this Warrant may continue to express the number and class of shares to be received upon exercise of this Warrant as if the number and class of shares to be received were expressed in this Warrant when it was initially issued.

Effect of Stock Changes. If, at any time, time or from time to time the CorporationCompany, by stock dividend, stock split, subdivision, reverse split, consolidation, reclassification of shares, or otherwiseother similar structural change, changes as a whole its outstanding Common Stock into a different number or class of shares, then, immediately upon the occurrence of the change,: (1i) the class of shares into which the Common Stock has been changed shall replace the Common Stock, for the purposes of this Warrant and the terms and conditions thereofhereof, so that the Registered Owner registered owner or owners of this Warrant shall be entitled to receive, and shall receive upon exercise of this Warrant, shares of the class of stock into which the Common Stock had been changed; (2ii) the number of shares received purchasable upon the exercise of this Warrant and the exercise price shall proportionately be proportionately adjusted for such event adjusted. (for For example, if the outstanding Common common Stock of the Corporation is converted into X stock at a the rate of one (1) share of Common Stock into three (3) shares of X stock, and prior to the change the Registered Owner was registered owner or owners of this Warrant were entitled, upon exercise of this Warrant, to receive 100 purchase one hundred shares of Common Stock, then the registered owner or owners shall, after the change, be entitled to receive 300 purchase three hundred shares of X stock at an for the total same exercise price that the owner or owners had to pay prior to the change to purchase the one hundred shares of $0.21 per shareCommon Stock); and (3iii) irrespective the purchase price per share shall be proportionately adjusted. (In the above example, the purchase price per share would be reduced by two-thirds). Irrespective of any adjustment or change in the number or class of shares to be received purchasable under this or any other Warrant of like tenor, or in the purchase price per share, this Warrant, this Warrant as well as any other warrant of like tenor, may continue to express the purchase price per share and the number and class of shares to be received purchasable upon exercise of this Warrant as if the purchase price per share and the number and class of shares to be received purchasable were expressed in this Warrant when it was initially issued.