Common use of Stock Dividends, Stock Splits, Combinations, Reclassification, etc Clause in Contracts

Stock Dividends, Stock Splits, Combinations, Reclassification, etc. In case the Company shall at any time after the date of this Agreement (a) declare a dividend on the Common Stock payable in shares of Common Stock, (b) subdivide the outstanding Common Stock into a larger number of shares, (c) combine the outstanding Common Stock into a smaller number of shares, or (d) issue any shares of its capital stock in connection with a reclassification of the Common Stock (including any such reclassification in connection with a consolidation or merger in which the Company is the continuing corporation), the Purchase Price in effect at the time of the record date for such dividend or the effective date of such subdivision, combination or reclassification, and/or the number and kind of shares of stock issuable on such date shall be proportionately adjusted so that the holder of any Placement Agent Warrant exercised after such time shall be entitled, at no additional expense, to receive the aggregate number and kind of shares of stock and Placement Agent Warrants which, if such Placement Agent Warrant had been exercised immediately prior to such date, such holder would have owned upon such exercise and been entitled to receive by virtue of such dividend, subdivision, combination or reclassification. Such adjustment shall be made successively whenever any event listed above shall occur.

Stock Dividends, Stock Splits, Combinations, Reclassification, etc. In case the Company shall at any time after the date of this Agreement (a) declare a dividend on the Common Stock payable in shares of Common Stock, (b) subdivide the outstanding Common Stock into a larger number of shares, (c) combine the outstanding Common Stock into a smaller number of shares, or (d) issue any shares of its capital stock in connection with a reclassification of the Common Stock (including any such reclassification in connection with a consolidation or merger in which the Company is the continuing corporation), the Purchase Price in effect at the time of the record date for such dividend or the effective date of such subdivision, combination or reclassification, and/or the number and kind of shares of stock issuable on such date shall be proportionately adjusted so that the holder of any Placement Agent Warrant exercised after such time shall be entitled, at no additional expense, to receive the aggregate number and kind of shares of stock and Placement Agent Warrants which, if such Placement Agent Warrant had been exercised immediately prior to such date, such holder would have owned upon such exercise and been entitled to receive by virtue of such dividend, subdivision, combination or reclassification. Such adjustment shall be made successively whenever any event listed above shall occur.

Stock Dividends, Stock Splits, Combinations, Reclassification, etc. In case the Company shall at any time after the date of this Agreement (ai) declare a dividend on the Common Stock payable in shares of Common Stock, (bii) subdivide the outstanding 6 Common Stock into a larger number of shares, (ciii) combine the outstanding Common Stock into a smaller number of shares, shares or (div) issue any shares of its capital stock in connection with a reclassification of the Common Stock (including any such reclassification in connection with a consolidation or merger in which the Company is the continuing corporation), the Purchase Price in effect at the time of the record date for such dividend or the effective date of such subdivision, combination or reclassification, and/or the number and kind of shares of stock issuable on such date shall be proportionately adjusted so that the holder of any Placement Agent Warrant exercised after such time shall be entitled, at no additional expense, to receive the aggregate number and kind of shares of stock and Placement Agent Warrants which, if such Placement Agent Warrant had been exercised immediately prior to such date, such holder he would have owned upon such exercise and been entitled to receive by virtue of such dividend, subdivision, combination or reclassification. Such adjustment shall be made successively whenever any event listed above shall occur.