Common use of Stock Dividends, Splits and Combinations Clause in Contracts

Stock Dividends, Splits and Combinations. In the event that the Company shall (A) pay a dividend or make a distribution to all its stockholders, in shares of Common Stock, on any class of capital stock of the Company or any subsidiary which is not directly or indirectly wholly owned by the Company, (B) split or subdivide its outstanding Common Stock into a greater number of shares, or (C) combine its outstanding Common Stock into a smaller number of shares, then in each such case the Conversion Price in effect immediately prior thereto shall be adjusted so that the Holder of this Note thereafter surrendered for conversion shall be entitled to receive the number of shares of Common Stock that such Holder would have owned or have been entitled to receive after the occurrence of any of the events described above had this Note been fully converted immediately prior to the occurrence of such event. An adjustment made pursuant to this Section 3(c)(i) shall become effective immediately after the close of business on the record date in the case of a dividend or distribution and shall become effective immediately after the close of business on the effective date in the case of such subdivision, split or combination, as the case may be. Any shares of Common Stock issuable in payment of a dividend shall be deemed to have been issued immediately prior to the close of business on the record date for such dividend for purposes of calculating the number of outstanding shares of Common Stock under clause (ii)below.

Stock Dividends, Splits and Combinations. In the event that If the Company shall or any of its subsidiaries, at any time while this Note is outstanding (A) shall pay a stock dividend or otherwise make a distribution to all its stockholders, or distributions on any equity securities (including instruments or securities convertible into or exchangeable for such equity securities) in shares of Common Stock, on any class of capital stock of the Company or any subsidiary which is not directly or indirectly wholly owned by the Company, (B) split or subdivide its outstanding Common Stock into a greater larger number of shares, or (C) combine its outstanding Common Stock into a smaller number of shares, then in each such case the Conversion Price in effect immediately prior thereto shall be adjusted so that multiplied by a fraction, the Holder numerator of this Note thereafter surrendered for conversion which shall be entitled to receive the number of shares of Common Stock that outstanding before such Holder would have owned or have been entitled to receive event and the denominator of which shall be the number of shares of Common Stock outstanding after the occurrence of any of the events described above had this Note been fully converted immediately prior to the occurrence of such event. An Any adjustment made pursuant to this Section 3(c)(i) paragraph shall become effective immediately after the close of business on the record date in for the case determination of a stockholders entitled to receive such dividend or distribution and shall become effective immediately after the close of business on the effective date in the case of such subdivision, split a subdivision or combination. Upon each adjustment of the Conversion Price pursuant to the provision above, as the case may be. Any number of shares of Common Stock issuable in payment upon conversion of a dividend this Note shall be deemed adjusted by multiplying a number equal to have been issued the Conversion Price in effect immediately prior to the close of business on the record date for such dividend for purposes of calculating adjustment by the number of outstanding shares of Common Stock under clause (ii)belowissuable upon conversion of this Note immediately prior to such adjustment and dividing the product so obtained by the adjusted Conversion Price.