Common use of SUBDIVISION OF SHARES Clause in Contracts

SUBDIVISION OF SHARES. If the Company shall at any time subdivide its --------------------- outstanding common Shares by recapitalization, reclassification, stock dividend, or split-up thereof or other means, the number of Common Shares subject to this Option immediately prior to such subdivision shall be proportionately increased and the Option Price shall be proportionately decreased, and if the Company shall at any time combine the outstanding common Shares by recapitalization, reclassification or combination thereof or other means, the number of Common Shares subject to this Option immediately prior to such combination shall be proportionately decreased and the Option Price shall be proportionately increased. Any such adjustment and adjustment to the Option Price shall become effective at the close of business on the record date for such subdivision or combination.

SUBDIVISION OF SHARES. If the Company shall at any time subdivide --------------------- its --------------------- outstanding common Shares by recapitalization, reclassification, stock dividend, or split-up thereof or other means, the number of Common Shares subject to this Option immediately prior to such subdivision shall be proportionately increased and the Option Price shall be proportionately decreased, and if the Company shall at any time combine the outstanding common Shares by recapitalization, reclassification or combination thereof or other means, the number of Common Shares subject to this Option immediately prior to such combination shall be proportionately decreased and the Option Price shall be proportionately increased. Any such adjustment and adjustment to the Option Price shall become effective at the close of business on the record date for such subdivision or combination.

SUBDIVISION OF SHARES. If the Company shall at any time subdivide its --------------------- outstanding common Shares by recapitalization, reclassification, stock dividend, or split-up thereof or other means, the number of Common Shares subject to this Option Warrant immediately prior to such subdivision shall be proportionately increased and the Option Warrant Price shall be proportionately decreased, and if the Company shall at any time combine the outstanding common Shares by recapitalization, reclassification or combination thereof or other means, the number of Common Shares subject to this Option Warrant immediately prior to such combination shall be proportionately decreased and the Option Warrant Price shall be proportionately increased. Any such adjustment and adjustment to the Option Warrant Price shall become effective at the close of business on the record date for such subdivision or combination.