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

Stock Dividends, Stock Splits and Reverse Stock Splits and Combinations. If at any time after the date of the issuance of the Warrants and before 5:00 p.m., Central Standard time, on the Expiration Date, (i) the Company shall fix a record date for the issuance of any stock dividend payable in shares of capital stock of the Company or (ii) the number of shares of Common Stock shall have been increased by a subdivision or stock split of shares of Common Stock or decreased by a reverse stock split or combination of shares of Common Stock, then, on the record date fixed for the determination of holders of Common Stock entitled to receive such dividend or immediately after the effective date of such subdivision, stock split, reverse stock split or combination, as the case may be, the number of Warrant Shares to be delivered upon exercise of any Warrant will be appropriately increased or decreased, as the case may be, so that each holder of a Warrant thereafter will be entitled to receive the number of shares of Common Stock that such holder would have owned or have been entitled to receive immediately following such action had the Warrant been exercised immediately prior thereto, and the Exercise Price will be appropriately adjusted. The time of occurrence of any event giving rise to an adjustment made pursuant to this Section 13(a) shall, in the case of a subdivision, stock split, reverse stock split or combination, be the effective date thereof and shall, in the case of a dividend or distribution, be the record date thereof.

Stock Dividends, Stock Splits and Reverse Stock Splits and Combinations. If at any time after the date of the issuance of the Warrants and before 5:00 p.m., Central Standard Eastern time, on the Expiration Date, (i) the Company shall fix a record date for the issuance of any stock dividend payable in shares of capital stock of the Company or (ii) the number of shares of Common Stock shall have been increased by a subdivision or stock split of shares of Common Stock or decreased by a reverse stock split or combination of shares of Common Stock, then, on the record date fixed for the determination of holders of Common Stock entitled to receive such dividend or immediately after the effective date of such subdivision, stock split, reverse stock split or combination, as the case may be, the number of Warrant Shares to be delivered upon exercise of any Warrant will be appropriately increased or decreased, as the case may be, so that each holder of a Warrant thereafter will be entitled to receive the number of shares of Common Stock that such holder would have owned or have been entitled to receive immediately following such action had the Warrant been exercised immediately prior thereto, and the Exercise Price will be appropriately adjusted. The time of occurrence of any event giving rise to an adjustment made pursuant to this Section 13(a14(a) shall, in the case of a subdivision, stock split, reverse stock split or combination, be the effective date thereof and shall, in the case of a dividend or distribution, be the record date thereof.