Common use of Issuance of Common Stock Equivalents Clause in Contracts

Issuance of Common Stock Equivalents. If at any time the Issuer shall take a record of the Holders of its Common Stock for the purpose of entitling them to receive a distribution of, or shall in any manner (whether directly or by assumption in a merger in which the Issuer is the surviving corporation) issue or sell, any Common Stock Equivalents, whether or not the rights to exchange or convert thereunder are immediately exercisable, and the price per share for which Common Stock is issuable upon such conversion or exchange shall be less than the Warrant Price in effect immediately prior to the time of such issue or sale, then the number of shares of Common Stock for which this Warrant is exercisable and the Warrant Price then in effect shall be adjusted as provided in Section 4(d) on the basis that the maximum number of Additional Shares of Common Stock necessary to effect the conversion or exchange of all such Common Stock Equivalents shall be deemed to have been issued and outstanding and the Issuer shall have received all of the consideration payable therefor, if any, as of the date of actual issuance of such Common Stock Equivalents. No further adjustments of the number of shares of Common Stock for which this Warrant is exercisable and the Warrant Price then in effect shall be made upon the actual issue of such Common Stock upon conversion or exchange of such Common Stock Equivalents.

Issuance of Common Stock Equivalents. If at any time while this Warrant is outstanding the Issuer Company shall take a record issue or sell any warrants or other rights to subscribe for or purchase any additional shares of the Holders of its Common Stock for or any securities convertible into shares of Common Stock (other than the purpose Additional Shares of entitling them to receive a distribution ofCommon Stock) (collectively, or shall in any manner (whether directly or by assumption in a merger in which the Issuer is the surviving corporation) issue or sell, any "Common Stock Equivalents"), whether or not the rights to exchange or convert thereunder are immediately exercisable, and the effective price per share for which Common Stock is issuable upon the exercise, exchange or conversion of such conversion or exchange Common Stock Equivalents shall be less than the Current Warrant Price in effect immediately prior to the time of such issue or sale, then the number of shares of Common Warrant Stock for which acquirable upon the exercise of this Warrant is exercisable and the Current Warrant Price then in effect shall be adjusted as provided in Section 4(d) 4.3 on the basis that the maximum number of Additional Shares additional shares of Common Stock necessary issuable pursuant to effect the conversion or exchange of all such Common Stock Equivalents shall be deemed to have been issued and outstanding and the Issuer Company shall have received all of the consideration payable therefor, if any, as of the date of the actual issuance of such Common Stock Equivalents. No further adjustments of to the number of shares of Common Stock for which this Warrant is exercisable and the current Warrant Price then in effect shall be made under this Section 4.4 upon the actual issue of such Common Stock upon the exercise, conversion or exchange of such Common Stock Equivalents.

Issuance of Common Stock Equivalents. If In the event the Issuer shall at any time following the Issuer shall Original Issue Date take a record of the Holders holders of its Common Stock for the purpose of entitling them to receive a distribution of, or shall in any manner (whether directly or by assumption in a merger in which the Issuer is the surviving corporation) issue or sell, any Common Stock Equivalents, whether or not the rights to exchange or convert thereunder are immediately exercisable, and the price per share for which Common Stock is issuable upon such conversion or exchange shall be less than the Warrant Price in effect immediately prior to the time of such issue or sale, or if, after any such issuance of Common Stock Equivalents, the price per share for which Additional Shares of Common Stock may be issuable thereafter is amended or adjusted, and such price as so amended shall be less than the Warrant Price in effect at the time of such amendment or adjustment, then the Warrant Price then in effect and the number of shares of Common Stock for which this Warrant is exercisable and the Warrant Price then in effect shall be adjusted as provided in Section 4(d) on the basis that the maximum number of Additional Shares of Common Stock necessary to effect the conversion or exchange of all such Common Stock Equivalents shall be deemed to have been issued and outstanding and the Issuer shall have received all of the consideration payable therefor, if any, as of the date of actual issuance of such Common Stock Equivalents). No further adjustments of the number of shares of Common Stock for which this Warrant is exercisable and the Warrant Price then in effect shall be made upon the actual issue of such Common Stock upon conversion or exchange of such Common Stock Equivalents.

Issuance of Common Stock Equivalents. If at any time while this Warrant is outstanding the Issuer Company shall take a record issue or sell any warrants or other rights to subscribe for or purchase any Additional Shares of the Holders of its Common Stock for the purpose or any securities exchangeable or convertible into Additional Shares of entitling them to receive a distribution ofCommon Stock (collectively, or shall in any manner (whether directly or by assumption in a merger in which the Issuer is the surviving corporation) issue or sell, any “Common Stock Equivalents”), whether or not the rights to exchange or convert thereunder are immediately exercisable, and the effective price per share for which Common Stock is issuable upon the exercise, exchange or conversion of such conversion or exchange Common Stock Equivalents shall be less than the Current Warrant Price in effect immediately prior to the time of such issue or sale, then the number of shares of Common Stock for which this Warrant is exercisable and the Current Warrant Price then in effect shall be adjusted as provided in Section 4(d) 4.3 on the basis that the maximum number of Additional Shares of Common Stock necessary issuable pursuant to effect the conversion or exchange of all such Common Stock Equivalents shall be deemed to have been issued and outstanding and the Issuer Company shall have received all of the consideration payable therefor, if any, as of the date of the actual issuance of such Common Stock Equivalents. No further adjustments of to the number of shares of Common Stock for which this Warrant is exercisable and the current Warrant Price then in effect shall be made under this Section 4.4 upon the actual issue of such Common Stock upon the exercise, conversion or exchange of such Common Stock Equivalents.

Issuance of Common Stock Equivalents. If In the event the Issuer shall at any time following the Issuer shall Original Issuance Date take a record of the Holders holders of its Common Stock for the purpose of entitling them to receive a distribution of, or shall in any manner (whether directly or by assumption in a merger in which the Issuer is the surviving corporation) issue or sell, any Common Stock Equivalents, whether or not the rights to exchange or convert thereunder are immediately exercisable, and the price per share for which Common Stock is issuable upon such conversion or exchange shall be less than the Warrant Price in effect immediately prior to the time of such issue or sale, then the number of shares or if, after any such issuance of Common Stock Equivalents, the price per share for which this Additional Shares of Common Stock may be issuable thereafter is amended or adjusted, and such price as so amended shall be less than the Warrant is exercisable and Price in effect at the time of such amendment or adjustment, then the Warrant Price then in effect shall be adjusted as provided in Section 4(d) on the basis ); provided, however, that the maximum number of Additional Shares of Common Stock necessary to effect the conversion or exchange of all no such Common Stock Equivalents adjustment shall be deemed to have been issued and outstanding and made upon the Issuer shall have received all of the consideration payable therefor, if any, as of the date of actual issuance of up to $6,000,000 of such of Common Stock Equivalents. No further adjustments of the number of shares of Common Stock for which this Warrant is exercisable and the Warrant Price then in effect shall be made upon the actual issue of such Common Stock upon conversion or exchange of such Common Stock Equivalents.

Issuance of Common Stock Equivalents. If at any time the Issuer shall take a record of the Holders holders of its Common Stock for the purpose of entitling them to receive a distribution of, or shall in any manner (whether directly or by assumption in a merger in which the Issuer is the surviving corporation) issue or sell, any Common Stock Equivalents, whether or not the rights to exchange or convert thereunder are immediately exercisable, and the price per share for which Common Stock is issuable upon such conversion or exchange shall be less than the Warrant Price in effect immediately prior to the time of such issue or sale, then the number of shares of Common Stock for which this Warrant is exercisable and the Warrant Price then in effect shall be adjusted as provided in Section 4(d) on ). No further adjustment of the basis that the maximum number of Additional Shares shares of Common Stock necessary to for which this Warrant is exercisable and the Warrant Price then in effect shall be made under this Section 4(f) upon the conversion or exchange issuance of all such any Common Stock Equivalents shall be deemed which are issued pursuant to have been issued and outstanding and the Issuer shall have received all exercise of the consideration payable any warrants or other subscription or purchase rights therefor, if any, as of any such adjustment shall previously have been made upon the date of actual issuance of such Common Stock Equivalentswarrants or other rights pursuant to Section 4(e). No further adjustments of the number of shares of Common Stock for which this Warrant is exercisable and the Warrant Price then in effect shall be made upon the actual issue of such Common Stock upon conversion or exchange of such Common Stock Equivalents.

Issuance of Common Stock Equivalents. If at any time the Issuer shall take a record of the Holders of its Common Stock for the purpose of entitling them to receive a distribution of, or shall in any manner (whether directly or by assumption in a merger in which the Issuer is the surviving corporation) issue or sell, any Common Stock Equivalents, whether or not the rights to exchange or convert thereunder are immediately exercisable, and the price per share for which Common Stock is issuable upon such conversion or exchange shall be less than the Warrant Price in effect immediately prior to the time of such issue or sale, then the number of shares of Common Stock for which this Warrant is exercisable and the Warrant Price then in effect shall be adjusted as provided in Section 4(d) on the basis that the maximum number of Additional Shares of Common Stock necessary to effect the conversion or exchange of all such Common Stock Equivalents shall be deemed to have been issued and outstanding and the Issuer shall have received all of the consideration payable therefor, if any, as of the date of actual issuance of such Common Stock Equivalents. No further adjustments of the number of shares of Common Stock for which this Warrant is exercisable and the Warrant Price then in effect shall be made upon the actual issue of such Common Stock upon conversion or exchange of such Common Stock Equivalents. Anything herein to the contrary notwithstanding, if any adjustment to the Warrant Price made pursuant to this Section 4(f) would result in a Warrant Price below the Market Price on the Closing Date, than the Warrant Price shall be the Market Price on the Closing Date.

Issuance of Common Stock Equivalents. If the Issuer, at any time the Issuer while this Warrant is outstanding, shall take a record of the Holders of its Common Stock for the purpose of entitling them to receive a distribution of, or shall in any manner (whether directly or by assumption in a merger in which the Issuer is the surviving corporation) issue or sell, any Common Stock Equivalents, whether or not the rights to exchange or convert thereunder are immediately exercisable, Equivalent and the price per share for which Additional Shares of Common Stock may be issuable thereafter pursuant to such Common Stock Equivalent shall be less than the Warrant Price then in effect, or if, after any such issuance of Common Stock Equivalents, the price per share for which Additional Shares of Common Stock may be issuable thereafter is issuable upon amended or adjusted, and such conversion or exchange price as so amended shall be less than the Warrant Price in effect immediately prior to at the time of such issue or saleamendment, then the number of shares of Common Stock for which this Warrant is exercisable and the Warrant Price then in effect upon each such issuance or amendment shall be adjusted as provided in the first sentence of subsection (d) of this Section 4(d) 4 on the basis that (1) the maximum number of Additional Shares of Common Stock necessary issuable pursuant to effect the conversion or exchange of all such Common Stock Equivalents shall be deemed to have been issued and outstanding and (whether or not such Common Stock Equivalents are actually then exercisable, convertible or exchangeable in whole or in part) as of the earlier of (A) the date on which the Issuer shall have received all enter into a firm contract for the issuance of the consideration payable thereforsuch Common Stock Equivalent, if any, as of or (B) the date of actual issuance of such Common Stock Equivalents. No further adjustments of Equivalent, and (2) the number of shares of Common Stock aggregate consideration for which this Warrant is exercisable and the Warrant Price then in effect shall be made upon the actual issue of such Common Stock upon conversion or exchange of such Common Stock Equivalents.maximum number

Issuance of Common Stock Equivalents. If at any time the Issuer shall take a record of the Holders of its Common Stock for the purpose of entitling them to receive a distribution of, or shall in any manner (whether directly or by assumption in a merger in which the Issuer is the surviving corporation) issue or sell, any Common Stock Equivalents, whether or not the rights to exchange or convert thereunder are immediately exercisable, and the price per share for which Common Stock is issuable upon such conversion or exchange shall be less than the Warrant Price in effect immediately prior to the time of such issue or sale, then the number of shares of Common Stock for which this Warrant is exercisable and the Warrant Price then in effect shall be adjusted as provided in Section 4(d4B(d) on the basis that the maximum number of Additional Shares of Common Stock necessary to effect the conversion or exchange of all such Common Stock Equivalents shall be deemed to have been issued and outstanding and the Issuer shall have received all of the consideration payable therefor, if any, as of the date of actual issuance of such Common Stock Equivalents. No further adjustments of the number of shares of Common Stock for which this Warrant is exercisable and the Warrant Price then in effect shall be made upon the actual issue of such Common Stock upon conversion or exchange of such Common Stock Equivalents.

Issuance of Common Stock Equivalents. If at any time the Issuer Company shall take a record of the Holders of its Common Stock for the purpose of entitling them to receive a distribution of, or shall in any manner (whether directly or by assumption in a merger in which the Issuer is the surviving corporation) issue or sell, on or after the Closing Date, any warrants or other rights to subscribe for or purchase any additional shares of Common Stock or any securities convertible into shares of Common Stock (collectively, "Common Stock Equivalents"), whether or not the rights to exchange or convert thereunder are immediately exercisable, and the effective price per share for which Common Stock is issuable upon the exercise, exchange or conversion of such conversion or exchange Common Stock Equivalents shall be less than the Warrant Common Equivalent Price in effect immediately prior to the time of such issue or sale, then then, if this Warrant is outstanding, the number of shares of Common Series B Preferred Stock for which acquirable upon the exercise of this Warrant is exercisable and the Warrant Current Preferred Price then in effect shall be adjusted as provided in Section 4(d) 4.3 on the basis that the maximum number of Additional Shares additional shares of Common Stock necessary issuable pursuant to effect the conversion or exchange of all such Common Stock Equivalents shall be deemed to have been issued and outstanding and the Issuer Company shall have received all of the consideration payable therefor, if any, as of the date of the actual issuance of such Common Stock Equivalents. No further adjustments of to the Current Preferred Price or the number of shares of Common Series B Preferred Stock for which acquirable upon exercise of this Warrant is exercisable and the Warrant Price then in effect shall be made under this Section 4.4 upon the actual issue of such Common Stock upon the exercise, conversion or exchange of such Common Stock Equivalents.

Issuance of Common Stock Equivalents. If at any time while this Warrant is outstanding the Issuer Company shall take a record issue or sell any warrants or other rights to subscribe for or purchase any additional shares of the Holders of its Common Stock for the purpose or any securities convertible into shares of entitling them to receive a distribution ofCommon Stock (collectively, or shall in any manner (whether directly or by assumption in a merger in which the Issuer is the surviving corporation) issue or sell, any "Common Stock Equivalents"), whether or not the rights to exchange or convert thereunder are immediately exercisable, and the effective price per share for which Common Stock is issuable upon the exercise, exchange or conversion of such conversion or exchange Common Stock Equivalents shall be less than the Current Warrant Price in effect immediately prior to the time of such issue or sale, then the number of shares of Common Warrant Stock for which acquirable upon the exercise of this Warrant is exercisable and the Current Warrant Price then in effect shall be adjusted as provided in Section 4(d) 4.3 on the basis that the maximum number of Additional Shares additional shares of Common Stock necessary issuable pursuant to effect the conversion or exchange of all such Common Stock Equivalents shall be deemed to have been issued and outstanding and the Issuer Company shall have received all of the consideration payable therefor, if any, as of the date of the actual issuance of such Common Stock Equivalents. No further adjustments of to the number of shares of Common Stock for which this Warrant is exercisable and the current Warrant Price then in effect shall be made under this Section 4.4 upon the actual issue of such Common Stock upon the exercise, conversion or exchange of such Common Stock Equivalents.

Issuance of Common Stock Equivalents. If If, at any time while this Warrant is outstanding, the Issuer Company shall take a record issue or sell any warrants or rights to subscribe for or purchase any Additional Shares of the Holders of its Common Stock for the purpose or any securities exchangeable or convertible into Additional Shares of entitling them to receive a distribution ofCommon Stock (collectively, or shall in any manner (whether directly or by assumption in a merger in which the Issuer is the surviving corporation) issue or sell, any “Common Stock Equivalents”), whether or not the rights to exchange or convert thereunder are immediately exercisable, and the effective price per share for which Common Stock is issuable upon the exercise, exchange or conversion of such conversion or exchange Common Stock Equivalents shall be less than the Current Warrant Price in effect immediately prior to the time of such issue or sale, then the Current Warrant Price and number of shares of Common Warrant Stock for which this Warrant is exercisable and the Warrant Price then in effect shall be adjusted as provided in Section 4(d) 4.3 on the basis that the maximum number of Additional Shares additional shares of Common Stock necessary issuable pursuant to effect the conversion or exchange of all such Common Stock Equivalents shall be deemed to have been issued and outstanding and the Issuer Company shall have received all of the consideration payable therefor, if any, as of the date of the actual issuance of such the Common Stock Equivalents. . No further adjustments of to the Current Warrant Price and number of shares of Common Warrant Stock for which this Warrant is exercisable and the Warrant Price then in effect shall be made under this Section 4.4 upon the actual issue of such Common Stock upon the exercise, conversion or exchange of such Common Stock Equivalents.

Issuance of Common Stock Equivalents. If at any time the Issuer shall take a record of the Holders of its Common Stock for the purpose of entitling them to receive a distribution of, or shall in any manner (whether directly or by assumption in a merger in which the Issuer is the surviving corporation) issue or sell, any Common Stock Equivalents, whether or not the rights to exchange or convert thereunder are immediately exercisable, and the price Common Stock Equivalent Consideration (hereafter defined) per share for which Common Stock is issuable upon such conversion or exchange shall be less than the Warrant Price in effect immediately prior to the time of such issue or sale, then the number Warrant Price then in effect immediately prior to the time of shares of such issue or sale, shall be reduced to a price equal to the Common Stock for which this Warrant is exercisable and Equivalent Consideration. No further adjustment of the Warrant Price then in effect shall be adjusted as provided in made under this Section 4(d4(f) on upon the basis that the maximum number issuance of Additional Shares of Common Stock necessary to effect the conversion or exchange of all such any Common Stock Equivalents shall be deemed which are issued pursuant to have been issued and outstanding and the Issuer shall have received all exercise of the consideration payable any warrants or other subscription or purchase rights therefor, if any, as of any such adjustment shall previously have been made upon the date of actual issuance of such Common Stock Equivalentswarrants or other rights pursuant to Section 4(e). No further adjustments of the number of shares of Common Stock for which this Warrant is exercisable and the Warrant Price then in effect shall be made upon the actual issue of such Common Stock upon conversion or exchange of such Common Stock Equivalents. No adjustments of the Warrant Price shall be required under this Section 4(f) in connection with any Permitted Issuances.

Issuance of Common Stock Equivalents. If at any time the Issuer Company shall take a record of the Holders of its Common Stock for the purpose of entitling them to receive a distribution of, or shall in any manner (whether directly or by assumption in a merger in which the Issuer is the surviving corporation) issue or sell, on or prior to the twelve month anniversary of the Effective Date, any warrants or other rights to subscribe for or purchase any additional shares of Common Stock or any securities convertible into shares of Common Stock (collectively, "Common Stock Equivalents"), whether or not the rights to exchange or convert thereunder are immediately exercisable, and the effective price per share for which Common Stock is issuable upon the exercise, exchange or conversion of such conversion or exchange Common Stock Equivalents shall be less than the Warrant Per Share Purchase Price in effect immediately prior to the time of such issue or sale, then the number of additional shares of Common Stock for which this Warrant is exercisable to be issued and the Warrant Per Share Purchase Price then in effect shall be adjusted as provided in Section 4(d) 6.1 on the basis that the maximum number of Additional Shares additional shares of Common Stock necessary issuable pursuant to effect the conversion or exchange of all such Common Stock Equivalents shall be deemed to have been issued and outstanding and the Issuer Company shall have received all of the consideration payable therefor, if any, as of the date of the actual issuance of such Common Stock Equivalents. No further adjustments of the number of shares of Common Stock for which this Warrant is exercisable and the Warrant Price then in effect shall be made under this Section 6.2 upon the actual issue of such Common Stock upon the exercise, conversion or exchange of such Common Stock Equivalents.

Issuance of Common Stock Equivalents. If at any time the Issuer shall take a record of the Holders of its Common Stock for the purpose of entitling them to receive a distribution of, or shall in any manner (whether directly or by assumption in a merger in which the Issuer is the surviving corporation) issue or sell, sell any Common Stock Equivalents, whether or not the rights to exchange or convert thereunder are immediately exercisable, and the aggregate price per share for which Common Stock is issuable upon such conversion or exchange plus the consideration received by the Issuer for issuance of such Common Stock Equivalent divided by the number of shares of Common Stock issuable pursuant to such Common Stock Equivalent shall be less than the Warrant Price in effect immediately prior to the time of such issue or sale, then the number of shares of Common Stock for which this Warrant is exercisable and the Warrant Price then in effect shall be adjusted as provided in Section 4(d) on the basis that the maximum number of Additional Shares of Common Stock necessary to effect the conversion or exchange of all such Common Stock Equivalents shall be deemed to have been issued and outstanding and the Issuer shall have received all of the consideration payable therefor, if any, as of the date of actual issuance of such Common Stock Equivalents. No further adjustments adjustment of the number of shares of Common Stock for which this Warrant is exercisable and the Warrant Price then in effect shall be made upon the actual issue of such Common Stock upon conversion or exchange of such Common Stock Equivalents.under this

Issuance of Common Stock Equivalents. If at any time the Issuer shall take a record of the Holders holders of its Common Stock for the purpose of entitling them to receive a distribution of, or shall in any manner (whether directly or by assumption in a merger in which the Issuer is the surviving corporation) issue or sell, any Common Stock Equivalents, whether or not the rights to exchange or convert thereunder are immediately exercisable, and the price per share for which Common Stock is issuable upon such conversion or exchange shall be less than the Warrant Price in effect immediately prior to the time of such issue or sale, then the number of shares of Common Stock for which this Warrant is exercisable and the Warrant Price then in effect shall be adjusted as provided in Section 4(d) on the basis that the maximum number of Additional Shares of Common Stock necessary to effect the conversion or exchange of all such Common Stock Equivalents shall be deemed to have been issued and outstanding and the Issuer shall have received all of the consideration payable therefor, if any, as of the date of actual issuance of such Common Stock Equivalents. No further adjustments of the number of shares of Common Stock for which this Warrant is exercisable and the Warrant Price then in effect shall be made upon the actual issue of such Common Stock upon conversion or exchange of such Common Stock Equivalents.