Common use of Reorganization and Reclassification Clause in Contracts

Reorganization and Reclassification. In case of any capital reorganization or any reclassification of the capital stock of the Company while the Options remain outstanding, the holder of the Options shall thereafter be entitled to purchase pursuant to the Options (in lieu of the kind and number of shares of Common Stock comprising Option Shares that such holder would have been entitled to purchase or acquire immediately before such reorganization or reclassification) the kind and number of shares of stock of any class or classes or other securities or property for or into which such shares of Common Stock would have been exchanged, converted, or reclassified if the Option Shares had been purchased immediately before such reorganization or reclassification. In case of any such reorganization or reclassification, appropriate provision (as determined by resolutions of the Board of Directors of the Company) shall be made with respect to the rights and interest thereafter of the holder of the Options, to the end that all the provisions of this Option Agreement (including adjustment provisions) shall thereafter be applicable, as nearly as reasonably practicable, in relation to such stock or other securities or property.

Reorganization and Reclassification. In case of any capital reorganization or any reclassification of the capital stock of the Company (except as provided in Sections 10(a) and (c) hereof) while the Options remain this Warrant remains outstanding, the holder of the Options Holder shall thereafter be entitled to purchase pursuant to the Options this Warrant (in lieu of the kind and number of shares of Common Stock comprising Option Shares that such holder the Holder would have been entitled to purchase or acquire immediately before such reorganization or reclassification) the kind and number of shares of stock of any class or classes or other securities or cash or property for or into to which such number of shares of Common Stock would have been exchanged, converted, or reclassified entitled if the Option Shares such shares of Common Stock had been purchased immediately before such reorganization or reclassification. In case of any such reorganization or reclassification, appropriate provision (as determined by resolutions resolution of the Board of Directors of the Company) shall be made with respect to the rights and interest interests thereafter of the holder of the OptionsHolder, to the end that all the provisions of this Option Agreement Warrant (including adjustment provisions) shall thereafter be applicable, as nearly as reasonably practicable, in relation to such stock or other securities or property.