Common use of Stock Dividend Clause in Contracts

Stock Dividend. If at any time the Company declares a dividend or other distribution on its Common Stock payable in Common Stock or Convertible Securities without payment of any consideration by the then-existing stockholders for the additional shares of Common Stock or the Convertible Securities (including the additional shares of Common Stock issuable pursuant to the terms thereof), then the number of Warrant Shares as to which this Warrant may be exercised shall be increased as of the record date for determining which holders of Common Stock shall be entitled to receive such dividend, in proportion to the increase in the number of outstanding shares (and shares of Common Stock issuable pursuant to the terms of the Convertible Securities) of Common Stock as a result of such dividend, and the Exercise Price shall be adjusted so that the aggregate amount payable for the purchase of all the Warrant Shares issuable hereunder immediately after the record date (or on the date of such distribution, if applicable) for such dividend shall equal the aggregate amount so payable immediately before such record date. As used herein, “Convertible Securities” means evidences of indebtedness, shares of stock or other securities, which are convertible into, exchangeable for, with or without payment of additional consideration, shares of Common Stock, either immediately or upon the arrival of a specified date or the happening of a specified event or both.

Stock Dividend. If at any time the Company declares a dividend or other distribution on its Common Stock payable in Common Stock or Convertible Securities without payment of any consideration by the then-existing stockholders their holders for the additional shares of Common Stock or the Convertible Securities (including the additional shares of Common Stock issuable pursuant to the terms thereof), then the number of Warrant Shares as to which this Warrant may be exercised shall be increased as of the record date (or the date of such dividend distribution if no record date is set) for determining which holders of Common Stock shall be entitled to receive such dividend, in proportion to the increase in the number of outstanding shares (and shares of Common Stock issuable pursuant to the terms of the Convertible Securities) of Common Stock as a result of such dividend, and the Exercise Price shall be adjusted so that the aggregate amount payable for the purchase of all the Warrant Shares issuable hereunder immediately after the record date (or on the date of such distribution, if applicable) for such dividend shall equal the aggregate amount so payable immediately before such record datedate (or on the date of such distribution, if applicable). As used herein, “"Convertible Securities” " means evidences of indebtedness, shares of stock or other securities, which are convertible into, exchangeable for, with or without payment of additional consideration, shares of Common Stock, either immediately or upon the arrival of a specified date or the happening of a specified event or both.

Stock Dividend. If at any time after the date hereof the Company declares a dividend or other distribution on its Common Stock Ordinary Shares payable in Common Stock Ordinary Shares or Convertible Securities without payment of any consideration by the then-existing stockholders such holder for the additional shares of Common Stock Ordinary Shares or the Convertible Securities (including the additional shares of Common Stock Ordinary Shares issuable pursuant to the terms thereof), then the number of Warrant Ordinary Shares as to for which this Warrant may be exercised shall be increased as of the record date (or the date of such dividend distribution if no record date is set) for determining which holders of Common Stock Ordinary Shares shall be entitled to receive such dividend, in proportion to the increase in the number of outstanding shares Ordinary Shares (and shares of Common Stock Ordinary Shares issuable pursuant to the terms of the Convertible Securities) of Common Stock as a result of such dividend, and the Exercise Price shall be adjusted so that the aggregate amount payable for the purchase of all the Warrant Shares issuable hereunder immediately after the record date (or on the date of such distribution, if applicable) for such dividend shall will equal the aggregate amount so payable immediately before such record datedate (or on the date of such distribution, if applicable). As used herein, “Convertible Securities” means evidences of indebtedness, shares of capital stock or other securities, securities which are convertible into, into or exchangeable for, with or without payment of additional consideration, shares of Common StockOrdinary Shares, either immediately or upon the arrival of a specified date or the happening of a specified event or both.

Stock Dividend. If at any time after the date hereof the Company declares a dividend or other distribution on its Common Stock payable in Common Stock or Convertible Securities without payment of any consideration by the then-existing stockholders such holder for the additional shares of Common Stock or the Convertible Securities (including the additional shares of Common Stock issuable pursuant to the terms thereof), then the number of Warrant Shares as to of Common Stock for which this Warrant may be exercised shall be increased as of the record date (or the date of such dividend distribution if no record date is set) for determining which holders of Common Stock shall be entitled to receive such dividend, in proportion to the increase in the number of outstanding shares (and shares of Common Stock issuable pursuant to the terms of the Convertible Securities) of Common Stock as a result of such dividend, and the Exercise Price shall be adjusted so that the aggregate amount payable for the purchase of all the Warrant Shares issuable hereunder immediately after the record date (or on the date of such distribution, if applicable) for such dividend shall will equal the aggregate amount so payable immediately before such record datedate (or on the date of such distribution, if applicable). As used herein, “"Convertible Securities” " means evidences of indebtedness, shares of stock or other securities, securities which are convertible into, into or exchangeable for, with or without payment of additional consideration, shares of Common Stock, either immediately or upon the arrival of a specified date or the happening of a specified event or both.

Stock Dividend. If at any time after the date hereof the Company declares a dividend or other distribution on its Common Stock Share payable in Common Stock Share or Convertible Securities without payment of any consideration by the then-existing stockholders such holder for the additional shares of Common Stock Shares or the Convertible Securities (including the additional shares of Common Stock Shares issuable pursuant to the terms thereof), then the number of Warrant Common Shares as to for which this Warrant may be exercised shall be increased as of the record date (or the date of such dividend distribution if no record date is set) for determining which holders of Common Stock Share shall be entitled to receive such dividend, in proportion to the increase in the number of outstanding shares (and shares of Common Stock Shares issuable pursuant to the terms of the Convertible Securities) of Common Stock Share as a result of such dividend, and the Exercise Price shall be adjusted so that the aggregate amount payable for the purchase of all the Warrant Shares issuable hereunder immediately after the record date (or on the date of such distribution, if applicable) for such dividend shall will equal the aggregate amount so payable immediately before such record datedate (or on the date of such distribution, if applicable). As used herein, “Convertible Securities” means evidences of indebtedness, shares of stock or other securities, which securities that are convertible into, into or exchangeable for, with or without payment of additional consideration, shares of Common StockShares, either immediately or upon the arrival of a specified date or the happening of a specified event or both.

Stock Dividend. If at any time during the Exercise Period the Company declares a dividend or other distribution on its Common Stock payable in Common Stock or Convertible Securities (as defined below) without payment of any consideration by the then-existing stockholders such holders for the additional shares of Common Stock or the Convertible Securities (including the any additional shares of Common Stock issuable pursuant to the terms thereofof any Convertible Securities), then the number of Warrant Shares as to for which this Warrant may be exercised shall be increased as of the record date (or the date of such dividend or other distribution if no record date is set) for determining which holders of Common Stock shall be entitled to receive such dividenddividend or other distribution, in proportion to the increase in the number of outstanding shares (and shares of Common Stock issuable pursuant to the terms of the Convertible Securities) of Common Stock as a result of such dividenddividend or other distribution, and the Exercise Price shall be adjusted so that the aggregate amount payable for the purchase of all the Warrant Shares issuable hereunder immediately after the record date (or on the date of such distribution, if applicable) for such dividend shall or other distribution will equal the aggregate amount so payable immediately before such record datedate (or on the date of such distribution, if applicable). As used herein, “Convertible Securities” "CONVERTIBLE SECURITIES" means evidences of indebtedness, shares of stock or other securities, securities which are convertible into, into or exchangeable for, with or without payment of additional consideration, shares of Common Stock, either immediately or upon the arrival of a specified date or the happening of a specified event or both.