Common use of Share Dividends, Reclassification, Reorganization Provisions Clause in Contracts

Share Dividends, Reclassification, Reorganization Provisions. (a) If, prior to the expiration of this Option by exercise or by its terms, Vector shall issue any of its Common Shares as a share dividend or subdivide the number of outstanding Common Shares into a greater number of shares then, in either of such cases, the Option Exercise Price per share purchasable pursuant to this Option in effect at the time of such action shall be proportionately reduced and the number of Option Shares purchasable pursuant to this Option shall be proportionately increased; and conversely, if Vector shall reduce the number of outstanding Common Shares by combining such shares into a smaller number of shares then, in such case, the Option Exercise Price per share purchasable pursuant to this Option in effect at the time of such action shall be proportionately increased and the number of Option Shares at that time purchasable pursuant to this Option shall be proportionately decreased. If Vector shall, at any time during the life of this Option, declare a dividend payable in cash on its Common Shares and shall at substantially the same time offer to its shareholders a right to purchase new Common Shares from the proceeds of such dividend or for an amount substantially equal to the dividend, all Common Shares so issued shall, for the purpose of this Option, be deemed to have been issued as a share dividend. Any dividend paid or distributed upon Common Shares in shares of any other class of securities convertible into Common Shares shall be treated as a dividend paid in Common Shares to the extent that Common Shares are issuable upon the conversion thereof.

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

Share Dividends, Reclassification, Reorganization Provisions. (a) If, prior to the expiration of this Option Warrant by exercise or by its terms, Vector the Corporation shall issue any of its Common Shares as a share dividend or subdivide the number of outstanding Common Shares into a greater number of shares shares, then, in either of such cases, the Option Exercise Price per share Share purchasable pursuant to this Option Warrant in effect at the time of such action shall be proportionately reduced and the number of Option Shares at the time purchasable pursuant to this Option Warrant shall be proportionately increased; and conversely, if Vector the Corporation shall reduce contract the number of outstanding Common Shares by combining such shares into a smaller number of shares shares, then, in such case, the Option Exercise Price per share Share purchasable pursuant to this Option Warrant in effect at the time of such action shall be proportionately increased and the number of Option Shares at that time purchasable pursuant to this Option Warrant shall be proportionately decreased. If Vector the Corporation shall, at any time during the life of this OptionWarrant, declare a dividend payable in cash on its Common Shares and shall at substantially the same time offer to its shareholders a right to purchase new Common Shares from the proceeds of such dividend or for an amount substantially equal to the dividend, all Common Shares so issued shall, for the purpose of this OptionWarrant, be deemed to have been issued as a share dividend. Any dividend paid or distributed upon the Common Shares in shares of any other class of securities convertible into Common Shares shall be treated as a dividend paid in Common Shares to the extent that Common Shares are issuable upon the conversion thereof.