13. Adjustment of Exercise Price and Number of Shares Purchasable Sample Clauses


13. Adjustment of Exercise Price and Number of Shares Purchasable. The Exercise Price and the number of shares of Common Stock which may be purchased upon the exercise of each Warrant are subject to adjustment from time to time upon the occurrence of, after the date hereof, the following events: if the Company shall (i) declare a dividend on the Common Stock payable in shares, (ii) subdivide the outstanding Common Stock into a greater number of shares, or (iii) combine the outstanding Common Stock into a smaller number of shares, then the Exercise Price in effect on the record date for that dividend or on the effective date of that subdivision or combination, and/or the number and kind of shares of capital stock issuable on that date, shall be proportionately adjusted so that the holder of any Warrant exercised after such time shall be entitled to receive solely the aggregate number and kind of shares of capital stock which, if the Warrant had been exercised immediately prior to that date, such holder would have owned upon exercise and been entitled to receive by virtue of that dividend, subdivision, or combination. The foregoing adjustments shall be made by the Company successively whenever any event listed above shall occur.