Common use of Subdivision or Combination of Common Shares Clause in Contracts

Subdivision or Combination of Common Shares. If the Company at any time on or after the Issuance Date subdivides (by any stock split, stock dividend, recapitalization or otherwise) one or more classes of its outstanding Common Shares into a greater number of shares, the Exercise Price in effect immediately prior to such subdivision will be proportionately reduced and the number of Warrant Shares will be proportionately increased. If the Company at any time on or after the Issuance Date combines (by combination, reverse stock split or otherwise) one or more classes of its outstanding Common Shares into a smaller number of shares, the Exercise Price in effect immediately prior to such combination will be proportionately increased and the number of Warrant Shares will be proportionately decreased. Any adjustment under this Section 2(c) shall become effective at the close of business on the date the subdivision or combination becomes effective. Each such adjustment of the Exercise Price shall be calculated to the nearest one-hundredth of a cent. Such adjustment shall be made successively whenever any event covered by this Section 2(c) shall occur.

Subdivision or Combination of Common Shares. If the Company at any time on or after the Issuance Date subdivides (by any stock share split, stock share dividend, recapitalization or otherwise) one or more classes of its outstanding Common Shares into a greater number of shares, the Exercise Price in effect immediately prior to such subdivision will be proportionately reduced and the number of Warrant Shares will be proportionately increased. If the Company at any time on or after the Issuance Date combines (by combination, reverse stock share split or otherwise) one or more classes of its outstanding Common Shares into a smaller number of shares, the Exercise Price in effect immediately prior to such combination will be proportionately increased and the number of Warrant Shares will be proportionately decreased. Any adjustment under this Section 2(c2(b) shall become effective at the close of business on the date the subdivision or combination becomes effective. Each such adjustment of the Exercise Price shall be calculated to the nearest one-hundredth of a cent. Such adjustment shall be made successively whenever any event covered by this Section 2(c2(b) shall occur.

Subdivision or Combination of Common Shares. If the Company at any time on or after the Issuance Date subdivides (by any stock share split, stock share dividend, recapitalization or otherwise) one or more classes of its outstanding Common Shares into a greater number of shares, the Exercise Price in effect immediately prior to such subdivision will shall be proportionately reduced and the number of Warrant Shares will obtainable upon exercise of the Warrants shall be proportionately increased. If the Company at any time on or after the Issuance Date combines (by combination, reverse stock share split or otherwise) one or more classes of its outstanding Common Shares into a smaller number of shares, the Exercise Price in effect immediately prior to such combination will shall be proportionately increased and the number of Warrant Shares will obtainable upon exercise of the Warrants shall be proportionately decreased. Any An adjustment under made pursuant to this Section 2(c) 5.2 shall become effective at the close of business on the date the subdivision of each and every dividend payment, subdivision, combination or combination becomes effective. Each such adjustment of the Exercise Price shall be calculated issuance retroactive to the nearest one-hundredth of a centrecord date with respect thereto, if any, for such events. Such adjustment shall be made successively for each and every occurrence of such events whenever any event covered by this Section 2(c) shall such events occur.