Common use of SUBDIVISION OR CONTINUATION OF STOCK AND STOCK DIVIDEND Clause in Contracts

SUBDIVISION OR CONTINUATION OF STOCK AND STOCK DIVIDEND. In case the Company shall at any time subdivide its outstanding shares of Stock into a greater number of shares or declare a dividend upon its Stock payable solely in shares of Stock, the Stock Purchase Price in effect immediately prior to such subdivision or declaration shall be proportionately reduced, and the number of shares issuable upon exercise of the Warrant shall be proportionately increased. Conversely, in case the outstanding shares of Stock of the Company shall be combined into a smaller number of shares the Stock Purchase Price in effect immediately prior to such combination shall he proportionately increased and the number of shares issuable upon exercise of the Warrant shall be proportionately reduced.

SUBDIVISION OR CONTINUATION OF STOCK AND STOCK DIVIDEND. In case the Company shall at any time subdivide its outstanding shares of Stock into a greater number of shares or declare a dividend upon its Stock payable solely in shares of Stock, the Stock Purchase Price in effect immediately prior to such subdivision or declaration shall be proportionately reduced, and the number of shares issuable upon exercise of the Warrant shall be proportionately increased. Conversely, in case the outstanding shares of Stock of the Company shall be combined into a smaller small number of shares the Stock Purchase Price in effect immediately prior to such combination shall he be proportionately increased and the number of shares issuable upon exercise of the Warrant shall be proportionately reduced.