Common use of Share Dividends, Subdivisions and Combinations Clause in Contracts

Share Dividends, Subdivisions and Combinations. If at any time while the Warrants are outstanding the Corporation shall: (a) declare a dividend in Common Shares or Convertible Securities or make a distribution of Common Shares or Convertible Securities on all or substantially all of its outstanding Common Shares, (b) subdivide its outstanding Common Shares into a larger number of Common Shares, or (c) combine its outstanding Common Shares into a smaller number of Common Shares, then, on the record date for such event or, if no record date is fixed, the effective date of such event, in each case: (1) the Current Warrant Price shall be adjusted so that it will equal the rate determined by multiplying the Current Warrant Price in effect immediately prior to such date by a fraction, of which the numerator shall be the total number of Common Shares Deemed Outstanding on such date before giving effect to such event, and of which the denominator shall be the total number of Common Shares Deemed Outstanding on such date after giving effect to such event, and (2) the number of Warrant Shares purchasable upon the subsequent exercise of the Warrants shall be simultaneously adjusted or readjusted, as the case may be, by multiplying the number of Warrant Shares purchasable upon the exercise of the Warrants immediately prior to such adjustment or readjustment by a fraction which shall be the reciprocal of the fraction used in the adjustment or readjustment of the Current Warrant Price. Any adjustment made pursuant to clause (a) of this paragraph shall become effective immediately after the record date for the determination of shareholders entitled to receive such dividend or distribution, and any adjustment pursuant to clauses (b) or (c) of this paragraph shall become effective immediately after the effective date of such subdivision or combination.

Share Dividends, Subdivisions and Combinations. (a) If at any time while the Warrants are outstanding the Corporation shallCompany: (a1) declare pays a dividend or other distribution on its Common Stock in Common Shares or Convertible Securities or make a distribution shares of Common Shares Stock or Convertible Securities on all shares of any other class or substantially all series of Capital Stock, including any preferred stock of the Company, (2) subdivides (by stock split, reclassification or otherwise) its outstanding Common Shares, (b) subdivide its outstanding Common Shares Stock into a larger number of shares of Common SharesStock, or (c3) combine combines (by reverse stock split or otherwise) its outstanding shares of Common Shares Stock into a smaller number of shares of Common SharesStock, then, on then the number of Warrant Shares purchasable upon exercise of this Warrant immediately prior to the record date for such event or, if no dividend or distribution or the effective date of such subdivision or combination shall be adjusted so that the Holder shall thereafter be entitled to receive upon exercise of this Warrant the kind and number of shares of Common Stock that the Holder would have owned or have been entitled to receive immediately after such record date is fixed, or effective date had this Warrant been exercised immediately prior to such record date or effective date. Any adjustment made pursuant to this Section 4.1 shall become effective immediately after the effective date of such event, in each case:but be retroactive to the record date, if any, for such event. (1b) the Current Warrant Price shall be adjusted so that it will equal the rate determined by multiplying the Current Warrant Price in effect immediately prior to such date by a fraction, Upon any adjustment of which the numerator shall be the total number of Common Shares Deemed Outstanding on such date before giving effect to such event, and of which the denominator shall be the total number of Common Shares Deemed Outstanding on such date after giving effect to such event, and (2) the number of Warrant Shares purchasable upon the subsequent exercise of the Warrants shall be simultaneously adjusted or readjusted, as the case may be, by multiplying the number of Warrant Shares purchasable upon the exercise of this Warrant as herein provided, the Warrants Warrant Purchase Price per Warrant Share shall be adjusted by multiplying the Warrant Purchase Price immediately prior to such adjustment or readjustment by a fraction fraction, the numerator of which shall be the reciprocal number of Warrant Shares purchasable upon the fraction used in the adjustment or readjustment of the Current Warrant Price. Any adjustment made pursuant to clause (a) exercise of this paragraph Warrant immediately prior to such adjustment and the denominator of which shall become effective be the number of Warrant Shares so purchasable immediately after the record date for the determination of shareholders entitled to receive such dividend or distribution, and any adjustment pursuant to clauses (b) or (c) of this paragraph shall become effective immediately after the effective date of such subdivision or combinationthereafter.

Share Dividends, Subdivisions and Combinations. If at any time while the Warrants are outstanding the Corporation shall: (a) declare a dividend in Common Shares or Convertible Securities or make a distribution of Common Shares or Convertible Securities on all or substantially all of its outstanding Common Shares,; (b) subdivide its outstanding Common Shares into a larger number of Common Shares, ; or (c) combine its outstanding Common Shares into a smaller number of Common Shares, then, on the record date for such event or, if no record date is fixed, the effective date of such event, in each case: (1) the Current Warrant Price shall be adjusted so that it will equal the rate determined by multiplying the Current Warrant Price in effect immediately prior to such date by a fraction, of which the numerator shall be the total number of Common Shares Deemed Outstanding on such date before giving effect to such event, and of which the denominator shall be the total number of Common Shares Deemed Outstanding on such date after giving effect to such event, ; and (2) the number of Warrant Shares purchasable upon the subsequent exercise of the Warrants shall be simultaneously adjusted or readjusted, as the case may be, by multiplying the number of Warrant Shares purchasable upon the exercise of the Warrants immediately prior to such adjustment or readjustment by a fraction which shall be the reciprocal of the fraction used in the adjustment or readjustment of the Current Warrant Price. Any adjustment made pursuant to clause (aSection 4.2(a) of this paragraph shall become effective immediately after the record date for the determination of shareholders entitled to receive such dividend or distribution, and any adjustment pursuant to clauses (bSections 4.2(b) or (c4.2(c) of this paragraph shall become effective immediately after the effective date of such subdivision or combination.

Share Dividends, Subdivisions and Combinations. If at any time while In case the Warrants are outstanding the Corporation shall: Company shall (ai) declare pay a dividend on its Common Shares in Common Shares or Convertible Securities or make a distribution of Common Shares or Convertible Securities on all or substantially all of its outstanding Common Shares, , (bii) subdivide its outstanding Common Shares into a larger number of Common Shares, or or (ciii) combine its outstanding Common Shares into a smaller number of Common Sharesshares, then, on the record date for in such event or, if no record date is fixedan event, the effective date of such event, Exercise Price in each case: (1) the Current Warrant Price effect immediately prior thereto shall be adjusted proportionately so that it the adjusted Exercise Price will equal bear the rate determined by multiplying same relation to the Current Warrant Exercise Price in effect immediately prior to any such date by a fraction, of which the numerator shall be event as the total number of Common Shares Deemed Outstanding on outstanding immediately prior to any such date before giving effect event shall bear to such event, and of which the denominator shall be the total number of Common Shares Deemed Outstanding on such date outstanding immediately after giving effect to such event, and (2) the number of Warrant Shares purchasable upon the subsequent exercise of the Warrants shall be simultaneously adjusted or readjusted, as the case may be, by multiplying the number of Warrant Shares purchasable upon the exercise of the Warrants immediately prior to such adjustment or readjustment by a fraction which shall be the reciprocal of the fraction used in the adjustment or readjustment of the Current Warrant Price. Any An adjustment made pursuant to clause this subsection (a), (A) of this paragraph shall become effective retroactively immediately after the record date for in the determination case of shareholders entitled to receive such a share dividend or distribution, and any adjustment pursuant to clauses (bB) or (c) of this paragraph shall become effective immediately after the effective date in the case of such a subdivision or combination. The Exercise Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein. No adjustment of the Exercise Price shall be made if the amount of such adjustment shall be less than $0.005 per share, but in such case any adjustment that would otherwise be required then to be made shall be carried forward and shall be made at the time of and together with the next subsequent adjustment, which, together with any adjustment so carried forward, shall amount to not less than $0.005 per share. In case the Company shall at any time issue Common Shares by way of dividend on any shares of the Company or subdivide or combine the outstanding shares of the Common Shares, said amount of $0.005 per share (as theretofore increased or decreased, if the same amount shall have been adjusted in accordance with the provisions of this paragraph) shall forthwith be proportionately increased in the case of a combination or decreased in the case of such a subdivision or stock dividend so as appropriately to reflect the same. Upon each adjustment of the Exercise Price pursuant to this subsection (a), the number of Underlying Shares shall be adjusted to the number of Common Shares, calculated to the nearest one hundredth of a share, obtained by multiplying the number of Underlying Shares immediately prior to such adjustment upon the exercise of this Warrant by the Exercise Price in effect prior to such adjustment and dividing the product so obtained by the new Exercise Price.