Common use of Adjustment for Change in Capital Stock Clause in Contracts

Adjustment for Change in Capital Stock. If the Company: (i) pays a dividend or makes a distribution on its common stock in either case in shares of its common stock; (ii) subdivides its outstanding shares of common stock into a greater number of shares; (iii) combines its outstanding shares of common stock into a smaller number of shares; (iv) makes a distribution on its common stock in shares of its capital stock other than common stock; or (v) issues by reclassification of its common stock any shares of its capital stock, then the number of shares of common stock issuable upon exercise of each Warrant immediately prior to such action shall be proportionately adjusted so that the holder of any Warrant thereafter exercised shall receive the aggregate number and kind of shares of capital stock of the Company which he would have owned immediately following such action if such Warrant had been exercised immediately prior to such action. The adjustment shall become effective immediately after the record date in the case of a dividend or distribution and immediately after the effective date in the case of a subdivision, combination or reclassification. Such adjustment shall be made successively whenever any event listed above shall occur.

Adjustment for Change in Capital Stock. If the Company: (i) pays a dividend or makes a distribution on its common stock ordinary shares in either case in shares of its common stockordinary shares; (ii) subdivides its outstanding ordinary shares of common stock into a greater number of shares; (iii) combines its outstanding ordinary shares of common stock into a smaller number of shares; (iv) makes a distribution on its common stock ordinary shares in shares of its capital stock other than common stockordinary shares; or (v) issues by reclassification of its common stock ordinary shares any shares of its capital stock, then the number of ordinary shares of common stock issuable upon exercise of each Warrant immediately prior to such action shall be proportionately adjusted so that the holder of any Warrant thereafter exercised shall receive the aggregate number and kind of shares of capital stock of the Company which he would have owned immediately following such action if such Warrant had been exercised immediately prior to such action. The adjustment shall become effective immediately after the record date in the case of a dividend or distribution and immediately after the effective date in the case of a subdivision, combination or reclassification. Such adjustment shall be made successively whenever any event listed above shall occur.

Adjustment for Change in Capital Stock. If the Company: (i) pays a dividend or makes a distribution on its common stock Common Stock in either case in shares of its common stockCommon Stock; (ii) subdivides its outstanding shares of common stock Common Stock into a greater number of shares; (iii) combines its outstanding shares of common stock Common Stock into a smaller number of shares; (iv) makes a distribution on its common stock Common Stock in shares of its capital stock other than common stockCommon Stock; or (v) issues by reclassification of its common stock Common Stock any shares of its capital stock, then the number of shares of common stock Common Stock issuable upon exercise of each Warrant immediately prior to such action shall be proportionately adjusted so that the holder of any Warrant thereafter exercised shall receive the aggregate number and kind of shares of capital stock of the Company which he would have owned immediately following such action if such Warrant had been exercised immediately prior to such action. The adjustment shall become effective immediately after the record date in the case of a dividend or distribution and immediately after the effective date in the case of a subdivision, combination or reclassification. Such adjustment shall be made successively whenever any event listed above shall occur.